Replies to post #60827 on The Jailhouse (JAIL)

[HhH]

24601: My vision is 20/20...

which, compared to the Wavoid average of 20/340, is quite good.

Seriously, John, don't you think it's about time the boys in Lee pulled the plug on WaveXpress? I mean, true, they've cornered the market in Lithuania and Romania, but that's a total of about 12 personal computers. Isn't this getting just a little embarrassing for you folks? Or is there no end to the cult's docility?

P.S. I'm beginning to suspect your friend Buffet-guy is part of the Chicago Wavoid crowd. Perhaps FoW or his equally lame-brained brother. This faction is what makes the Wavoid group a cult. The endless hyperbole, the idiotic generalizations, the eternal connecting of imaginary dots. It's amazing what otherwise rational persons will put up with.

P.P.S. Could someone please explain to Go-Kite that the collection of cash has nothing to do with the recognition of deferred revenues? I'm sure this gross ignorance will not prevent him from lecturing on the topic, but it's like accounting 101, for God's sake.

[HhH]

24601: You have been very quiet lately...

I suspect you are beginning to realize that this investment of yours is poised on the precipice.

This is a cult stock, John. Management has been in the hands of amateurs since the day Peter stepped aside and put sonny-boy in his place. The family has been gorging at the trough for years now--all at the expense of the investors.

The idea that a CEO could make a $20 million revenue projection--based apparently on thin air--and miss by 95% plus, again, with the result being a large collective ho hum from the shareholders is truly mind-boggling.

Is it nice to say the man is completely incompetent? No. But it is the truth. Either he is incompetent or he is something much worse. One day we may know. Or not. In any event, you all have no alternative but to approve the increase in authorized shares. When this thing gets up a head of steam to the South-side, the boys are going to need authorization to sell a boatload.

Cheers.