Zeev's Turnips Patch-No Politics (ZEEV)

[AKvetch]

Your WAVX exit may have been very timely.

http://biz.yahoo.com/bw/040330/305932_1.html

Press Release Source: Wave Systems Corp.

Wave Systems Announces Auditors' Opinion
Tuesday March 30, 6:00 pm ET

LEE, Mass.--(BUSINESS WIRE)--March 30, 2004--Pursuant to Rule 4350 of the NASD Marketplace Rules, Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) announced today that its auditors' opinion letter (dated March 12, 2004 and contained in Wave's Form-10-K filed on March 24, 2004) for the year ended December 31, 2003, raises "substantial doubt" about Wave's ability to continue as a going concern given its recurring losses from operations, working capital position and its accumulated deficit.

In its Annual Report on Form 10-K, for the year ended December 31, 2003, Wave reported working capital of approximately $12.4 million. Further, considering its current cash balance and projected operating cash requirements, Wave disclosed in its Form 10-K that it anticipates that it will need a minimum of $3.0 million of additional cash to satisfy its current forecasted cash flow requirements for the twelve-month period ending December 31, 2004.

For additional information, please refer to Wave's Form 10-K for the year-ended December 31, 2003. ...