Wave Systems Corp. (fka WAVXQ)

[SPIN]

BTK

the forced call of warrants is sorta like an accounts receivable & so = future cash *if* the 15/20 trigger clicks (looks like it's imminent IMO).

the exercise of the warrants anytime bfore 10/04 is @ the option of the holder. the strike is @ $1.13.

i'd convert 'em if they were mine (unless i had a tax issue & wanted to "risk" deferring the gain 'till next year).

when they are converted (NOT if, IMO), wave realizes income ($1.13/sh).

could hauppen tomorrow, could hauppen next year.

they are delivering on a plan to raise cash w/out dilution.

yep, you missed the little boat!

the BIG one is still @ the dock.

if it were me, i'd hand my ticket to the porter & get on board!

cost-average in if yer reticent, but i think you *know* wavx is going higher.

much,

SPIN