Hi Tampa---I admire your passion! But I disagree with your point, which I believe is summarized in these couple of lines:
"It is not logical for you or anyone else to judge or belittle anyone over why they stay invested, or continue to post. This is their right, just as it is yours to stay positive and supportive in your posts, even though revenue execution is clearly lacking. "
I think you put too much weight on logic.
In my opinion this investment has always been best understood as a Broadway Musical Comedy in Progress, which has for its Finale a parade, sorta in the tradition of the Music Man, of Wavods manically happy and wealthy.....and massively vindicated!
Like you, I invested in this company back in 1998. At the time, I was an investor in Irvine Senors and during my DD I noticed the name of Peter Sprague on the BoD of one of its subsidiary companies. That led me to Wave and upon checking out their BoD, I saw that George Gilder was on it. That thrilled me because I had regarded him as one of the truly great social and economic theorists of the modern age. To me, that gave the company instant credibility. The decision to invest was essentially emotion based. At the time I was so ignorant about investing that I had no idea what "shorting" meant or if there was any significance in the fact that Wave had been recently delisted.
I also started buying Wave with absolutely zilch knowledge of anything related to high tech, low tech or middle tech.
My interest in Wave accelerated in 1999 based on my DD regarding Web Services. I learned a great deal from you on the topic. You wrote about Web Services very convincingly and with impressive depth, which led to my very firm belief that Wave had been created specifically, in close partnership with HP, to provide the "missing link" that would allow Web Services to really take off, namely, hardware based security.
I was convinced then my logic was very solid and very correct. But I was terribly wrong. Web Services took off exponentially despite the fact that it opened up massive career opportunities for cyber-thieves irrespective of color, creed and nationality. The possibility that Web Services could thrive without rudimentary security was not one I had contemplated.
Now 15 years later I stand here with you declaring that the critics of Wave are not logical. Something I have declared year after year after year. And each year I was proven illogical because there were always variables that I had discounted or most likely, never even considered, which smothered the ascent of this investment.
But Tampa, I really don't care that the logicians have been correct all these years. I don't think it's relevant. The only thing I suppose really know for certain is that in Oct 1998 Steven Sprague went to Mount Sinai and came down with the Trusted Computing Tablets. At the time no one knew or cared about Trusted Computing. You had to search the archives of HP Research Labs to find any meaningful TC discussion.
But what an ocean change has been achieved over the years. The overwhelming evidence TODAY is that Trusted Computing IS the next imminent world wide paradigm shift.
So where is the monetary return in investment that Wave investors so truly deserve?
I think Wave investors will be rewarded in time beyond anything they could possibly imagine.
Am I being irrational, illogical, delusional?
Not at all.
That Microsoft is betting the company on Trusted Computing and that "owns" much of the critical trusted computing technology is about the only thing an investor needs to know at this point.
Actually, the only important question at this point is this: Will we be having this same discussion in 2020?
God forbid!!!!!@!@
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