Replies to post #33482 on Wave Systems Corp. (fka WAVXQ)

[rachelelise]

D&O

Turned down may not be quite accurate but we were certainly left with the impression that additional funds could have been secured and wave did not make that happen. Given that deal was just 4 or so months ago, you'd have to wonder what information was included in their financing forecasts. Even they must do that.

I do agree that they must be more conservative in their forecasts if the outcomes are largely out of their control (such as when an OEM decides to do a deal and announce it). That said we surely don't know enough to evaluate the decisions adequately at this time. On the surface they don't seem to make sense however.

[go-kitesurf]

RWK, you guys are forgetting or misinterpreting,

RWK, re: "SKS reportedly turned down extra funding at $1.90 because he felt confident Wave would do better in the future. Yet once again it appears that events will prove him to be in error."

I think SKS stated they would rather get a little more than what they need now, then go back for more later if they need to at higher prices with more development going on. This would afford them less dilution and more options since Wave would be in a stronger position. Boy, the facts sure get twisted around here. I NEVER recall Wave stating they would never need additional funding.