RWK, when Wave did the original financing, it was at THAT time that they "had no sales" as you today claim, yet they financed the company.
Today, Wave DOES have sales. Today, Wave is shipping with Intel and NSM (and maybe others).
What only a few (for some reason) seem to understand is that on March 11th, Steven Sprague was only talking about events up to December 31st, 2003 (aside from a Ntru relationship that was announced and NSM having design wins that he won't talk about "for" NSM).
Everything in the CC, as I expected and you should have as well, was LAST YEAR. If you think we sold in Nov and Dec with Intel and today have "no sales" as you state in your post, please sell your WAVX stock already and save yourself and others the mental anguish, because you truly...absolutely....do...not..get it.