Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

Greetings Board....

I have been extremely busy and had some issues with the ISP so I haven't been monitoring the day to day activities. With the lack of news going into this quarter I took a short position which I closed this week. I have closed my position entirely. This was the first time since I have held that I made any money in this stock. Coupled with the gains I took from sales of WFMI and HANS I have the option of buying back in with the same amount of shares at a later date and a higher price- 6-7 dollar range. Given the length of the slog and the unreliability of the information that has been given this shareholder base, I felt this was the proper action to take at this time.

Everyone here has deserved far better than we have received from the braintrust running this company. There are still so many unanswered questions this late in the game, sliding price scales, lack of upgrades and the like. At this point I know Seagate is coming- but I NEED to see the real figures attached with that deployment, not what it is expected to generate. Those expected numbers have caused too many irrational buys in the past. Good luck to everyone here.

Dave
shareholder 1999-2007