We invest for similar reasons and I suspect we enjoy posting for similar reasons as well. I find some topics more intriguing than others and certainly the Wave story is quite engaging.
But I reiterate that your current perspective on Wave is that it will not succeed and that it will continue to use guile to attract unsuspecting investors in order to further the company and the enrichment of its officers. Everyone is entitled to an opinion and I am sure you can understand why your current opinion is taken taken well by most board members. It also seems that there is little you can add to your analysis so I hope you will desist until there is something more (to support or alter) your perspective.
Zeev, since the statements in the last 10Q about the need for additional cash, they've raised 7.1mill in a PP and have sold over a mill worth of SSPX (guessing on that number, but I thnk it might actually be higher than that) that they own.
I am willing to see what happens with revenues for this past quarter and the next two...Their position in the trusted computing space gives them some great opportunities. Opportunities that are finally unfolding.