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Re: I can't speak towards the long term potential

By: Down And Out Man in ALEA | Recommend this post (0)
Mon, 25 Jun 12 10:45 PM | 89 view(s)
Boardmark this board | The Trust Matrix 		Msg. 08567 of 54959
(This msg. is a reply to 08565 by Cactus Flower)
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my sense is that cyberspace could use a trust matrix. that's always been my long term view. but this story is about getting from a to b.

On your ALEA board, I understand that to a great degree the story is about getting from a to b in establishing whatever this cyber trust thing is eventually going to look like.

Taking a little license here, and referring to specifically the WAVX story - the story is about whether Wave Systems, more or less in its current form with current common stock, will get to its own point B - profitability and substantially rising share price, success (gains) for the shareholders.

Two very different things, and of course you know that. I'm interested in both stories, but a whole lot more skeptical about the second one. Surely the first story will eventually unfold - some kind of useful "trust matrix" as you call it. The WAVX - the stock - story I've pretty much lost faith in. Sure, there's still a chance to make money (albeit a chance - not a given) for those that buy now. I'm afraid the long suffering shareholders that got in years ago are long since toast. I hope to be wrong. I don't think there's a snowball's chance, though.

D&O


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The above is a reply to the following message:
Re: I can't speak towards the long term potential
By: Cactus Flower in ALEA
Mon, 25 Jun 12 10:30 PM 		Msg. 08565 of 54959

hi dig,

i think it is hard for a person with an evidential, results-based mindset to keep believing in a story that lacks measurements or proof.

it's the wool that drives me nuts, at least. a governance structure that seems to make no demands. a strategy which shifts away from current products to new projects as if current success never matters. a harbour devoted to optimism and that provides no resources to shareholders beyond management - so that management itself may not be questioned. lack of any apparent skill at forecasting sales. shareholders who seem to confuse passive acceptance with loyalty.

the folks who are invested in researching the technology see a story unfolding that seems to provide comfort. but i think that particular way of seeing has little to say about the power of incumbency or the timeline of cash flows.

my sense is that cyberspace could use a trust matrix. that's always been my long term view. but this story is about getting from a to b. and that is a much harder thing. it sometimes seems that wave will build and build and build forever, but that on the other side of the equation, night after night, some cyber-penelope unpicks whatever progress they think they are making during the day.


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