Wave Systems Corp. (fka WAVXQ)

[RootOfTrust]

cpa re: forward looking

So in your estimation "positive forward looking" PRs, if you will, or statements at conference calls, relating to revenues are not possible or likely?

Let's say Wave begins to see licensing revenue Q4, even if it is not booked and then reported until Q1 2004, this would be meaningful to the future of the company. No way for management to effectively PR?

And of course Q4 revs are not necessarily limited to NSM/Intel licensing. There is Premium Services to IBM, possible WXP, Cubic and others.

Why should management hands be tied to actual revenue reporting several months down the road if the cash begins to come in now?

Guidance?