Read this before you buy WAVX.
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Ray
By: Bluefang in WAVX | Recommend this post (3)
Wed, 21 Mar 07 10:52 AM
Boardmark this board | Wave Systems Msg. 11534 of 11535
(This msg. is a reply to 11531 by rachelelise)
The cygnuscap man disclosed his bias; he cited only the facts; none of the facts were in Wave's favor; he gave historical accounts of the percentage of companies like Wave in which way less than 1% make money; and he searches companies for a living.
Wavoids like yourself ignore facts, history, logic, mgt misdeeds, lack of outside validation, etc. and come to the conclusion that Wave is going to pay off big. You rely on two paid escort analysts and a mendacious CEO for your optimism.
Each quarter you look forward to validation on the bottom line. All you have ever found is disappointment. What are you likely to find at the end of Q1 (7 days left) and Q2 (the alleged breakeven point)?
You know in your heart of hearts you are shoveling sand against the tide. Wave has no more chance of succeeding than I do of being elected president of Mexico.
Ray, you are the epitome of the "otherwise smart people" Maggie talked about. You are so bright, so articulate, so well-versed in market strategies--but you can not see this steaming pile of dog droppings that is Wave, right in front of your eyes.
Cygnuscap makes a lot more sense to me with his facts and analysis than the delusional Wavoids do with their nonsense talk about Learjets and Vegas champagne-filled vacations.
You are getting less revenue and more dilution. That is a deadly combo. Your CEO can not be trusted on anything he says, especially money matters like revenue, profitability or funding. It is one lie after another.
You have an illiterate snack vendor making nearly as many optimistic proclamations and promises as the CEO, but with the same result--not one has ever come true. He enforces his "sunny" view of Wave by threats, harrassment, revelation of personal info, deletions, jailings and banning.
And when a NY Times reporter calls Snackman for a quote in an article that is largely favorable, what does this genius do? He refuses to talk to him because he feels the reporter makes his kind look like buffoons and he counsels others not to talk to the reporter.
Snackie's judgement is a perfect match for Wave's inept mgt. The Ying and the Yang of yokeldom.
The CEO has his father and his brother on the payroll at quite the salary plus paying for bro's loft and they contribute next to nothing, while sucking down a bushel of dollars of scarce money.
What is it about this picture that points to success?
Oh yeah, Seagate! Seagate will validate us. I say give Wave mgt a chance and if they have not already mucked up the deal by giving the product away below cost, Steven will find some way to shoot us all in the foot. Negotiating is his not his strength.
19 years in business and a third of a billion dollars blown to bring in less than $300K/mo., while spending $1.5M/mo. That is some achievement. If that looks like success to you, I wish you a lot of it.
I'm sorry Ray, I do not understand your argument at all.
Best wishes--Bluefang
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