Wave Systems Corp. (fka WAVXQ)

[dig space]

I think two things happened,

1. the various VC type SRAs out there just stopped talking to Wave, equity financing was becoming a real crap shoot

2. that Rich Lee thingy really really looks really really bad. 3% of the company was given to an employee for doing his job under the guise of a relationship with an outside company all while the Lens and the Brians were busy building and doing other things and the brothers could not be bothered with anything except for swinging for the fences.

at some point that stuff came across the BoD desk as one meme and it was clear that it was time to flush the toilet, twice.