Wave Systems Corp. (fka WAVXQ)

[aleajactaest]

that's to say, a healthy company with a large cash balance and/or a profitable business might interpret the need to report a material transaction rather differently.

it's because wave is in such a parlous condition that the 8k reporting requirement is triggered.

thus in my opinion, the presence or absence of an 8k report declares the existence of signed material contracts at wave to within 4 business days.