Wave Systems Corp. (fka WAVXQ)

[RootOfTrust]

weets, I agree. My wife and I will vote our entire block in favor of the measure.

It's ugly, but it had to be put out in the open. Without a doubt this was Wave's only way to buy more time with the Nasdaq. I did not think it was such a big deal for Wave to get put on the Capital Market, but apparently that is just not the case.

The key for me is the last guys that did the deal at market...no discount. They may have known Wave was in danger of losing their National market listing without the reverse split proposal. I also think Wave went into the last deal knowing their new people would require a continued National Market listing. Think about it!

Did SRA really think news would come out in time for Wave to regain the $1.00 compliance, a scant six weeks before the Nasdaq hearing, and they did the deal feeling assured Wave would get the price above $1.00 by now? They thought an NTT Data announcement would have already come by now for example? I doubt it.

http://www.wave.com/news/press_archive/06/060504_WAVX.html