Wave Systems Corp. (fka WAVXQ)

[SPIN]

and claiming a "Gain on sale of marketable securities" is pure nonsense.

Wave's basis for those SSPX common shares (after adjustments from preferred conversion) is somewhere b/tw $3-4.

they have nearly a 75% loss on the SSPX "investment."

they should sell the block to Saflink asap.

they had around $5M in cash at end of March (though most of it is already obligated for accts payable, etc).

are they gonna issue S-8 shares for all the legal fees?

good thing the wavoids approved the increase in the A/S.

wavoids are in far deeper DooDoo than they seem willing to admit...

good luck!