Wave Systems Corp. (fka WAVXQ)

[BarMitzvahBoy1]

So I would be very curious to hear the opinion of those much smarter than me. At the time of this post, over 1 million shares have changed hands. My question is, who is absorbing those shares? The market maker can't be accumulating all of them, knowing that bankruptcy is imminent. Certainly some is short covering, but even that can't explain the buy side since the short position of Wave is not that large.