Wave Systems Corp. (fka WAVXQ)

[Sniperman]

The greater likelihood is that they would have naked shorted at the peak of near $3 a few days ago, and covered via the PP. However, as Snackman points out, there has been no volume worth talking about to unload 7 million+ shares. So the likelihood is that they are still holding most if not all, and need a price rise to make their money. Watch for any price spikes in the near future, probably based on news of some sort or other, again likelihood is that they will sell into them