Replies to post #86574 on Wave Systems Corp. (fka WAVXQ)

[zen 88]

Makes sense, rachel. Are you saying

there are none? I certainly don't have the inclination to go looking. But thanks for the explanation. I am puzzled by the lack of volume so close to needing funding. It suggests to me that something other than what we've become accustomed to, is happening.

[helpfulbacteria]

Hi, Rachelelise...

Wave is, yet again, in that ugly season... neither here nor there... scrapping for funds, I'm guessing. One doesn't have to be a great mind to figure out what "slot" the stock (and company) is moving through or will soon have to move through... for we've all read the financial statements and understand how long or short the fuse.

And so in this neither-nor season... with a company on the threshold... we get our usual sets of visitors. Wave's a mighty convenient pinata... They step up with their clubs and sticks and smack the stuffing out of it. And we wait for what we hope is candy.

I've been watching some other public companies in the "white-hot" security space. It's interesting to see how one company, for example, that had $15 million in revenues last year... and that HAS solid government contracts for the State of Florida and the Federal Government... is winning just a $23 million MARKET CAP. The stock is RIGHT NOW at Wave's share price... this despite EVIDENT prospects and a track record.

And this is NOT atypical.

But, I still hold to my own research. And while I do NOT like this neither-nor season one bit... and I certainly wish that MARKETS developed at the speed of Barge's synapses... I'm stubborn. And I just go back to what I read...here and other places. (Thanks to the posters who bring such interesting and valid links.)

Were Wave a CLEAN slate... with none of the self-dealing baggage from the past and none of the deferred this's and denied that's... this NEITHER-NOR season would be a less painful or far less uncertain one... or would be not at all. But, to IMAGINE that is to not be seeing clearly. And one must live in the REAL world.

But, for all the deferreds and denieds... and for all the little greeds... and for all of the too many promises that just didn't bear fruit... TRUSTED COMPUTING lurches forward. It is UNDENIABLE... the space is taking shape before our eyes.
The market needs grow clearer and more compelling. And Wave is, WITHOUT QUESTION, positioned well to progress... in inches and then miles.

But, right now, strait is the gate. The inches are tough ones, I would think. The company has to go through this straitened gate... yet another round of financing. Yet another balancing and timing game. And we are powerless. That's never a good feeling.

There are MANY MANY things I will remember in my great age (if I get there) about this investment and this community. But, among the several memories, I will remember the doggedness and persistence and resilience and humor of many (some lurking, some posting) especially on long nights like these: they who would say to the pinata swatters, "Thrash on." Of the pinata swatters... whose easy and smug swings bring them great delight it appears... I won't remember a thing. For memory is kind.

Best Regards,

c m