technofunkomentally WAVX has actually assembled what aficionados would call a bullish chart.
The 50 over 200 "golden cross" is likely a lock to occur this week. The equity has been trading somewhat durably above the 200 day MA since the Apr 15 spike (the first time in over a year). The events have occured in an almost northwards heading 200 DMA (it still may be bleed a penny or two), the boogeymen of delisting are for the time being not matters of concern.
Fundamentally, the company has at least enough cash for a quarter, has a stated and since demonstrated reluctance to use the ATM (which traders and momo folks like as all mood bets are off with an ATM road block). While the core fundamentals are still poor (cf, eroding Dell, modest if any improvement in broadly based sales) there are revenue producing notions in the pipepline (notably Samsung and WYY although I am going to make a modest wager that a token royalty occurs when SNDK coupoun codes are activated).
Strategically they are under new management, a focus on monetizing 10 year old properties as opposed to hoarding them in a sandbox seems to be in evidence.
Overall, one could invest in WAVX today and at least come up with a reasoned defense for doing so.
SKS seemed to have difficulty recognizing at times the relative value of Wave's products. Having WYY sit on the table for a few years strikes me as silliness. If the goal was to push WYY out of the way in PKI key management because Wave had expertise in TPMs then it seems it is fair to say that that delusion was given amply opportunity to play out.
The above content is my opinion.
