Wave Systems Corp. (fka WAVXQ)

[dig space]

Dory, dory, dory ...

There is gonna be no break even (this Q), it would almost be lawless if there were, sure the rally could be revs based ... but we are not going to see $5.1M in revs for Q3. I'm in the doom-and-gloom camp of $1M (which I think shows good progress on my version of a hockey stick) and most of those willing to guess more bouyantly wander in at $1.5M-2.0M. In the absense of a big prepayment deal, these things only wander out into the market place so fast. If Wave was to bag a fwe million from a previous relationship, it seems something of an 8-k would be in order, but that is a gray area.

So, on revs rumors, $1M (my guess) dissapoints, $1.4M satisfies, $1.8M pumps folks up. If this was rev based mongering it smells of north of $1.6M.

But I think it has nothing to do with revs. This is PIPE and PIPE related news (although Wave has had those couple curious unresolved runs in the past).

The PIPE *could* be a buy-in.