Wave Systems Corp. (fka WAVXQ)

[RootOfTrust]

Per comments in the CC, the insurance co. sale was expected to close in Q4 and the PO came late Feb., I would estimate about three months later than anticipated.

In fact the recent 8-K that we released on a large $2.32 million sale, we strongly believed we might have closed in Q4 of last year. But these large enterprise sales are harder to predict as to when we’ll actually have the purchase order in hand. And although, so I hesitate to say exactly when future deals are going to close.