Wave Systems Corp. (fka WAVXQ)

[crazylarry]

Snackman62

A few things really bother me about your notes from the dinner conversation with SkS.

Insider buying: I can not believe SkS explanation that insiders are NOT buying on advice of counsel. It make no sense. Insiders buy at IBM MSFT and many other fortune 500 companies before after and during material events. I would think some one should look into the validity of that statement.

Delisting: People have been emailing Wave for weeks about delisting. None of the delisting notice emails were answered. However the NASDAQ listing status was considered appropriate dinner time conversation with some investors. His statement that 10 days above a buck cures all may not be accurate. Wave must also maintain 5 million in shareholder equity or 750k sales a year. Unless sales pick up very soon, I am of the opinion a trip to the BB is all but guaranteed.

Boxes on the shelves in August: Was that specifically NSM safekeeper equiped boxes with Wave inside? Or was that TPM's in general? I do believe it is easy to confuse the two and would like to know if he was clear about that August deployment being wave or tpm's in general? TIA for your anticipated response.

Activation Rate: I certainly do not want to repeat myself so I will be very brief. 70% does not seem reasonable.

Strategic Partner Financing: Kind of puts some rumors to rest. SP's buy into public companies all the time. Waves float, share price, business plan and previous finance package may also be contributing the lack of interest.

Thanks again for sharing. Sorry about all the concerns. Sometimes the more I think about things, the more I get concerned. Must be that skeptical Bronx Italian thing......CL