Wave Systems Corp. (fka WAVXQ)

[Zeev Hed]

Kevin, are you sure that WAVX cannot do a PP while there is pending litigations? I think that the S-3 simply outlines the existence of these litigations and that is it. It would be too easy to bury a competitor short on cash and in need of PP's by simply burden him with lawsuits (frivolous or not) and block his entry to the financial market that way. I hope you are wrong in that respect, because WAVX absolutely need to raise more money in the next six months, and those litigations sure are not going to be over. Gosh, even the SEC investigation might still be on.