Wave Systems Corp. (fka WAVXQ)

[goin fishn]

Question Re: Delisting-

I thought that I had read previously that a 180 day extension could be requested, and that the requirement for this was to have posted 1 million in earings in the previous year. Wouldn't today's earnings put us over 1 million, and make us eligible for the extension?

-or-

At the revenue rates on bundling, we might have enough revenues by the end of the quarter to get the extension, as well.



FWIW, I was very encouraged by today's guidance. Per SKS, we stand to cover half of the burn through bundling, and we get $50 per seat on average when upgraded. At those rates, 200,000 upgrades gets us 10 million dollars, and that, in combination with bundling revs puts us at break even. It may be closer than we think. Wave is consulting with the Army for a reason-that alone might result in enough upgrades to get us close to break even.

goin fishn