Replies to post #229900 on Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

Yes but I think those numbers were being presented in a way as to make it seem as if they are having some sort of effect on the shareprice, and I would argue not to the extent they are being portrayed as.

It just magnifies the need for revenue driven news. This stock will continue to languish in a trading area.; Falling down as the longs get discouraged and rising to a point with hope but never breaking out. The stock hasn't really seen a breakout in nearly 3 years, and that can be traced to the near zero follow thru since the auto deal was announced.

The stock moved on hope and promise for years. The market has seen that. One could make the point that the prospects right now are far greater than at any time in the company's history, yet the stock is not trading like it has historically when these sort of opportunities were near.

The market is taking a show me attitude, as well it should. The company has given everyone plenty of reason for this reaction.

[Bluefang]

Brant P: Many of us critics of Wave and its mgt have been cast in the false light of "bashers" and "shorts."

We are accused of manipulating the stock, when we do nothing of the kind.

For the record, like you, I am a long and I have never shorted any stock.

You wrote:

"That is because Wave SP is easily manipulated because the story is so compelling the need is so obviously great, the SP is so low and there are so many bashers and manipultaors to go with the number of longs and true believers".

I don't know if Wave's story is still so compelling. It was to start--and I'm guessing that is what brought you in, same as me.

The need for security is "so obviously great" as you said and that great need is only growing.

So, why hasn't Wave been able to sell their security products in an environment practically crying for it?

IMO, it boils down to a fault with either Wave's product, or the people selling it--or possibly, both.

In the broadest of possible views, it seems to me the faults of the company, be it the product, the salespeople or the mgt are overlooked by supporters.

Instead of placing blame for failures where it belongs, the anger is directed at critics who simply want integrity, honesty and professional mgt.

Wave's shares are so thinly traded, it is easy for someone(s) with deep pockets to run the price up or down.

Wave's constant fund raising, from either PPs or the ATM sale of more shares, caps whatever rise may be trending.

Consistent proclamations of break-even by Wave's top mgt are always followed by widening losses. This hardly inspires confidence in the process or in mgt's view of the immediate future.

Perhaps a new assessment is in order, of where the blame for the current situation lies.

It does not lie with the shorts, nor with the critics who oppose mismanagement, nor with those who call the mgt on their false break-even predictions.

Perhaps you can put aside the myths about who are the blamed in Wave's 'cover story' and instead focus on the real culprits.

For instance, I can not understand why there is not more conversation about Scrambls than there is.

Scambls is a free product with no apparent potential to return revenue to Wave. Yet, the CEO claimed Scrambls would get its first 'contract' during the last quarter. Where is it?

Like so many other statements coming from mgt, this has no truth whatsoever associated with it.

Why don't the supporters recognize Michael Sprague, head of Scambls is the same brother who wasted $47M on TVTonic/WXP?

How many chances to waste money does one get? Why are we critics of these practices the targets?

There is a difference between bashing and legitimate criticism of bad practices like nepotism and greed grabs.

Love to hear your views.

Best--Blue