Wave Systems Corp. (fka WAVXQ)

[rachelelise]

CPA

I have no idea why you have adopted such an obnoxious tone especially when this deal appears to be good to me. From my reading and understanding, most of the series H holders will convert and wave will have additional money right now. They have agreed to a limited right to participate in the next financing if they want to do it at these higher prices. They are out of the loop on future financing. Ironically I believe the offering wasn't fully subscribed because some of the investors have become bullish on Wave and don't want to flip.

So they get cash, limit future participation and otherwise get these guys out of their life. If I recall, there had been much discussion about how the series H financers would defacto control the company. No more.

Lets see how Wave finds future funds at these higher prices, with trusted computing taking off and the price getting to a much better level.