Wave Systems Corp. (fka WAVXQ)

[zakrosian]

sorosman - I just started looking at WAVX as a result of this discussion and it does look like the Intel announcement is great news for them. However, the company's financials seem troublesome (I'm not an accountant, so my overview is very superficial).

What I see at a quick glance is that, as of March 31, they had about 7 million in cash and long term investments. It also looks like they're burning about 6 million a quarter. In addition they had over 3 million in current liabilities. What am I missing? I don't see how the Company can survive long enough to benefit from their association with Intel.

BTW, if you're trying to establish some credibility, belittling the Turnips is not a good way to go about it.