Replies to post #34632 on Wave Systems Corp. (fka WAVXQ)

[im01]

Spin

I try and discredit no one. I am happy with the progress of WAVX, and I wish you the very best.

Mike

[24601]

SPIN says "my sells in august were in the high $4s." Please note that WAVX traded in the "high $4s" only on August 1, 4, and 5. Please also note that on August 4 SPIN was posting stuff like this:

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company has aggressively cut its burn rate over last 2 Qs.
co. owns the swing vote of SSPX (i think around 4-5mil shares).
co also has a subsidiary WaveXpress that has serious IPO potential.
and is beginning to book revs (soon if not already) & expects to be @ break-even soon.
Also, Wave has NO debt.
there's more -- keep looking into things. you'll find some sketchy mgmt stuff, but looking ahead the future is very bright.
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it's also worth noting that Wave saw the development of Trusted Computing a decade ago - so the lack of revs, etc. are understandable in the context of their waiting game. Wave had to wait for the rest of the world to catch up AND TCPA was so bureaucratic (& there was a struggle b/tw MSFT & INTC) that Wave had to wait & wait & wait...
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By the way, on July 28 SPIN had been offering his shares at $0.94.