Wave Systems Corp. (fka WAVXQ)

[Bluefang]

Snackman: Over the years many have made such observations about Wave. I can even remember a few by you about Wave's great-looking partnerships that somehow did not come to fruition in the revenue dept.

It is still the same thing--any progress remains in the future.

No, this announcement is not mashed potatoes, but it isn't revenue either.

It is the potential for follow-on sales, if the product performs as hoped.

How many follow-on sales has Wave had? Our only perspective is during the Sprague years, which is unfair to compare.

As we have during the entire time both of us have been shareholders, we have had to wait for Wave to somehow find its potential. You must remember what Bill Parcels said about potential--it means you haven't done squat yet.

I think devastating 98%+ of shareholder value is a pretty good measure of not doing squat yet.

Blue