Wave Systems Corp. (fka WAVXQ)

[SPIN]

tkc - it's a theory that makes some sense in that Wave did report it would need funding again some time around February.

strange little merry-go-round though, shares from the last one are still presumably being digested & now it is plausible that new PPers are shorting against the box.

sooner or later if Wave doesn't finally start selling somethig to someone, new financing will be (IMO) of the preferred-convertible variety on which Zeev recently posted his theory (aka "Death Spirals").

& according to @ least one wavoid, the market doesn't even "get" exactly (heck, he posted that wavoids don't even "get it") what it is that Wave is trying to sell...