Hi Ramsey
A couple of things:
First, while a major contract of stand alone TPM implementation with Wave's architecture would be great, it would seem that the companies that Wave has on it's hot prospect list are still a bit hesitant about large scale adoption of TPM security. This makes Seagate the most likely source of the first large scale revenue to flow into Wave's coffers. Seagate might also be the reason for the hot prospects delay. They might be waiting to see if there are any problems with the Seagate solution, or waiting to see if Seagate is all they need. Don't underestimate the inertia of companies waiting to deploy technology that is "mature." They would rather someone else discover the various bugs in new technologies.
Second, while the possibility of one of the hot prospects closing is real, I don't think that Wave would miss the opportunity to trumpet this to the world. The point being that as an investor, we probably will know of any large jumps in quarterly revenue coming down the pipe.
Should be multiple buying opportunities over the next few quarters, as well as some chances to sell into a rally and average down later with my trading shares.
I think that the PIPE will tell us when Wave sees sizeable revs from Seagate. All in all, an interesting summer awaits us.
Good luck to you, and my thanks for your contributions here.
AI
