Replies to post #33484 on Wave Systems Corp. (fka WAVXQ)

[Down And Out Man]

rachelelise, the thing is, if we could go back just a half year or so ago, and poll the shareholders, almost everyone of us would have said we were expecting SIGNIFICANT revenues and progress LONG before the latter stages of 2004. Today's reality bears ABSOLUTELY no resemblence to our expectations of not that long ago.

We can hash all this to death, as we always do on these boards, but the target is continually moving. I am no longer very optimistic. Yes, trusted computing will happen. Will Wave be a major player? I don't know. Period.

Tampa says he sure hopes we don't sell out at $5/share. I said that for years. I now believe (and hope I'm wrong!) that one day hindsight will reveal that a sellout at $5 would be a good thing.

But, since I long ago wrote this off as a long shot gamble, I'll stick around to see it out. I think.

D&O

[mymoneybgone]

Rachel, I think that is the most frustrating and telling part of this whole situation. When yourrevenue stream is solely dependant-and we have to figure this is entirely accurate- on other companies bring your products and services to the fore, you need to cover ever avenue of chance. The ball has been squarely dropped here, no excuses. This thing has changed so many time in the last 5 years, the company has been twisting like a flag in the wind most of that time. If there was money left on the table, then a true disservice has been done to the company and the shareholders. The only reason this company should have needed to go back and get money again this soon was if deployment was pushed further back than planned. They knew the terms they got in the last round were not the most favorable, nor should they have been, given where the company was at that time. SOMEBODY had to have the foresight to project out 6 to 9 months and see what the situation was going to be if the money flow had not started by then. And have the abillity to see just how crappy the terms were going to be should that come to pass.
At least the Intel and IBM announcements were still buzzing in the air during the last round, now what, a low key SKS, a recent SEC investigation, and a baker's dozen of lawsuits targeting the company, rightly or wrongly, will influence the next round of financing.

Many people are looking forward towards the end of the year, but the numbers had better start showing up in some fashion in Quarter 1/04 with some forward guidance going ahead, or we will start seeing this company getting carved up. There have been plenty of miscalculations over the last few years, but this could quite possibly be the biggest one yet. If next quarter is a repeat of the last one, I have to believe this company is on the ropes. The time just isn't there anymore.

mymoneybgone