Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

I see some folks trying to spin positive after this. There is zero track record to base this on. A hunch, a feeling isn't something I would personally feel comfortable letting large sums of cash hang on especially when you have the whole body of work from which to glean. Deep down I think the size of the stake has more to do with this than anything else.

The history has been the best source of DD on this company to date, bar none.

They have cleared away a lot of deadwood and really trimmed expenses to the bone. How much more can they cut and still expect to be able to woo customers? In reality that 2.3 is nothing more than a patch at this point given how poorly last quarter was, and I gotta believe it's more of the same with the exception of this money being recorded.

With the cutting of the expenses it feels like this company is being prepped to be more attractive to another suitor.