Replies to post #49307 on Wave Systems Corp. (fka WAVXQ)

[Down And Out Man]

2leelake, Monday Morning Quarterbacks, huh? Well, I guess I'll plead guilty, but I don't feel much like one. After somewhere around, oh, maybe a couple dozen quarters of NEVER attained projections, I don't feel too out of line making an occassional complaint about "broken promises".

I am still invested (to my ever increasing dismay) and am hopeful. No longer very optimistic, just hopeful. I wish you well with your continued share purchases. I think I'll pass on the cheap shares though. Bought lots of those before only to find them ever cheaper as time passes!!

D&O

[Da_Deven_Dolla]

2leelake - I disagree with you. It would be one thing if all of us on this board were a bunch of rejects with no professional training whatsoever, but many of us are very successful and intelligent and have much experience in either working in this type of company or running our own. I know the role of a CFO and I don't have to be on the inside to see that Feeney may have gotten too close to the Sprague's to remain objective in his behavior and decision-making. CFO's must make tough economical decisions at the risk of losing their jobs. If they perform this function well, they would have a job the next day if let go by the CEO for disagreeing. There's so much opportunity in the accounting world with Enron, Worldcom, and new Sarbanes-Oxley requirements that you must fight losing battles and not believe your heralded CEO half the time at the risk of your job, knowing that if you have done what you should have that there is opportunity right around the corner. At this point, I don't know what company would hire Feeney for his track record and maybe that's why he clings to the Spragues so much and has lost his ability to make economical decisions that are best for the company and contrary to what Sprague may believe is happening 2 months from now.

You're right 2leelake, I don't know all the inside specifics at Wave, but I know enough about the CFO position to be able to judge whether one is making good decisions for shareholders or not.

I said I wouldn't post anymore on this subject so I apologize for lying. I just disagree with this board making excuses for mistakes made now by exclaiming how much opportunity lies ahead. All that goes without saying, and we are all Monday Morning Quarterbacks. If we were the actual Quarterback playing on Sunday you'd be a millionaire right now and not even care about evaluating the performance of the team because you're getting paid. If your not the Quarterback, then what else is there to be, but the person who judges your performance the following day. That's life. I don't get how a person can be put down for that.

Steve