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tkc

09/20/12 6:52 PM

#227411 RE: Bluefang #227409

Thx Blue. You know I have no disagreement w/ your renditions of Wave's history. I've been around for a bunch of it. I think it was '97 when I bought my first shares at $2.00. It was a great ride to $50, did real well, trading up and down 'til I sold out at $8 (I think) in '01. Back in below $3 and road that to the Intel $5 and so on. All and all not bad, but if I had bought and held, not traded, it would have been painful. I think Wave's products are very saleable (no techie here) and would/could be highly profitable - even at current sales levels - were it not for inept management, nepotism and a crony BoD. But Wave is what it is, it is extremely unlikely to change. IMO It is not a buy and hold investment simply because of the history of mngt and governance. They have never demonstrated any interest in enhancing shareholder value. To make a profit w/ Wave has required trading, taking advantage of sudden bounces and plunges. The rah rah group who sees no wrong and adds at every "buying opportunity" never selling, either lack veracity or are broke.