Replies to post #209297 on Wave Systems Corp. (fka WAVXQ)

[Down And Out Man]

RoRo, re: "...gravely damages management's credibility in the eyes of any professional and/or serious investors"

LOL, because I don't think this management team has had ANY credibility for several years. Except with true Wavoids. No way any professional/serious investors that have paid attention can believe a word coming out of their mouths.

Doesn't mean they won't invest, but they know they have to discount everything SKS and Feeney say.

D&O

[waveway]

RoRo. What Feeney said was "all things being the same". I think the second quote attributed to Feeney is really Steven, and he somewhat counters Feeney in that he suggests investing in the future is more important than trying to show a profit at this time.

<A – Gerard T. Feeney>: Right. If you think about it, with the fourth quarter-ending at about $7.037 million of revenue, just on the automotive – automaker revenue, we would expect in the first quarter an additional $1.2 million worth of revenue. All things being the same we’re bringing it to about $8.2 million of revenue, compared to the fourth quarter with operating expenses of $8.247 million. So, for the first quarter, you would expect to see at least positive EBITDAS for the first quarter and a chance of hitting actual earnings for the first time in the company’s history in the first quarter, although it’s still too soon to estimate that.
<A – Gerard T. Feeney>: And I would just add that I think that at this point in time, our sense is that, and the demands that are put on the business are hugely interesting, and the opportunities for expansion are hugely interesting. And so we’re investing in the growth of this space, because we want to continue to maintain our leadership as opposed to sit back in our current presence and say, hey, look what we’ve achieved and here’s why we are a profitable business.