Wave Systems Corp. (fka WAVXQ)

[player1234]

While chatting is going on about mythical revenue bearing deals (it has always been better to wait until one actually happens), there is a hard and fast revenue bearing requirement put in place by the latest round of loan-sharks:

"In addition, an event of default will also occur if Wave does not receive an offer to license or purchase one or more patents owned by Wave or any of its subsidiaries within 60 days of initial funding by MBFG. If there is an event of default with respect to either of the foregoing conditions, MBFG will be entitled to receive from Wave $100,000 upon the occurrence of each such event and an additional $50,000 for each 30-day period that elapses prior to cure. "
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001628280-15-009616%2Etxt&FilePath=%5C2015%5C12%5C18%5C&CoName=WAVE+SYSTEMS+CORP&FormType=8-K&RcvdDate=12%2F18%2F2015&pdf=

PS. Anyone know what happened to the huge MSFT deals that were so secret only someone's financial advisor's tech support guy knew about them?
PPS. Anyone hear about the huge China deals that are so secret that no one has heard of them?