Wave Systems Corp. (fka WAVXQ)

[Bluefang]

From Wave's filing today, "Narrative" of why Wave was late in filing:

"The Registrant’s independent auditors have determined that a material weakness exists in the Registrant’s control over financial reporting due to insufficient finance and accounting resources within the organization. As a result, the Registrant has been unable to complete its quarterly financial statements."
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I know in some quarters a 'material weakness due to insufficient finance' will be hailed as a brave new step forward, instead of the last gasp of a dying dwarf being squeezed for every drop before the end.

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