Replies to post #75024 on Wave Systems Corp. (fka WAVXQ)

[solas]

TCO: Perhaps 7 yrs is a bit long. Then again, maybe not. TC is very nearly a paradim shift when veiwed in the light of current IT implementation. (Centalized authentication and authorization.) In '99 (and 2000) Wave had a solution looking for a problem. Unfortunately the "tech frenzy" led to the now infamous (in chairman Greenspans words) "irrational exuberance" and Wave Systems, myself, and I am sure many others on this board where caught up in the unfortunate serious of events from the burst of the "tech bubble".

I bailed on Wave 1/2 in the 30's and the remainder mostly in the teens. I was away for a few years... the cry from the market (to my ears from the potential market for TC) began with an increasing volume a little less then a year ago. I've now re-established a position stronger than before (as measured by shares held.) Wave offers a robust solution... I do have potential issues with management although I believe that past indiscretions may have provided the team with a clarified understanding of their roles and responsibilities. If you have been invested with WAVX consistantly for seven years it would be foolish for you to leave now.

All of this is my most humble and ill informed opinion.
-R

[Jaybeaux]

tustcousa.....Re the Seven Year Wait....

I hear what you're saying, truly I do. In some ways I can't believe how time has "flown" yet we are sitting here at sub $1 levels. Makes one think about the old adage..."...a watched pot..."

But the reason for my post to you today is to address the 7 years and your hope that the return "better be more than a double"

I'm often reminded of the Rule of 72.....whereby you take the expected annual return and divide it into 72, resulting in the number of years it will take you "double your money". If after 7 years, at minimum resulting in a double.....that would be an annual return of just over 10%. On any investment, if someone guaranteed you 10% per year, would you take it? I would. Most people probably would. If Wave gets you or any of us our "double" this year, next year, or the year after, that would be annual returns of 10+%, 9%, and 8% respectively. I'm saying all of this for demonstration purposes only. I"m not saying Wave will double this year, or next, or next......I'm just saying that it is prudent to understand the time value of $$.

Jaybeaux