Replies to post #28812 on Wave Systems Corp. (fka WAVXQ)

[24601]

Well if you don't know whether the $250 million achieved anything, then maybe you should reconsider declaring that it was wasted.

[orda]

Zeev: There's also a reason

why guys like you show up when things turn negative.

[Burpzilla]

Absolutely!

"...to me management that go and engage in discussions with investors on boards like this one is paying to much attention to "managing expectations" rather than building the business."

I saw the same thing on the NSDM board when I looked at it a couple months ago. Some of the posters were even "relaying messages" from the CEO about how delighted he was with the message board, etc. It made me feel the CEO was intent on making the stock go up not by finding diamonds but by pulling in newbies.

[rachelelise]

zeev

That is a fair comment. But unless you know something I don't know, I do not believe management is discussing anything with us on the Board. Now if I were the company, I would have someone check out this baord. Why? Becuase periodically the due diligence identifies information which could be pertinent to the business. If you haven't noticed, there are people who continually research the web to find relevant pieces of data.

[cpa]

Zeev,

Also, management, IMHO, spends way too much time answering private e-mails from investors. They should have a blanket "when there is something to anounce, we will issue a press release" reponse. But instead, they answer any question posed to them.

How do I know this? When one of the shareholders writes and gets a response, the sharholder sends it someone, who then passes it along, and so on. Sometimes I receive 5 or 6 copies of the same e-mail from various sources (all within 3 to 4 hours of one another).

The Wave shareholder groups run deep. Everyone knows one another and thinks that their "private" messages don't get distributed, but they do.

IMHO, management knows this and relies on it as a way of "managing expectations" as you put it.

When mgt. stops this practice, I'll know when we have a well managed company.

I have run out of posts for the day, so any responses I will have to address tomorrow.

CPA