Wave Systems Corp. (fka WAVXQ)

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According to the 10Q, the company cannot use any of the shelf registration to raise funds: " As of August 14, 2015, approximately $1,016,000 in gross proceeds remains under the 2015 shelf registration statement. However, based on the price of Wave's common equity over the applicable 60 day period and the one-third rule computation, none of the remaining gross proceeds are available for future financings as of August 14, 2015."