Wave Systems Corp. (fka WAVXQ)

[aleajactaest]

Wasn't BP Wave's third major project?

And wasn't it followed by precisely zero major orders?

One can get too close to managers and "vision" and lose perspective on the failure of a company to produce a steady stream of revenue in a commercially viable timescale.

Wave designed many pieces of software. Not much revenue from any of them. That's the knowledge an investor needs to have to form an opinion of a company's performance over a long period.