Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Trust

This is one of a few tangible signs that wave's cash receipts are actually growing over this quarter and/or their expenses are being reduced. I think both could be true to differing extent. As a shareholder, I'm pleased that the potential dilution casued by the current shareprice has been mitigated through the convertible share approach.

A little breathing room has been created. Though we are well beyond the point I thought they could still be operating, I believe the next few months will clarifgy if there still will be a company as we knew it operating in 2009. All messages are that self sustaining revenues should be present by the end of the quarter. Those messages are coupled with increasing market traction. Given the past track record, it is difficult to take that info without a shaker full of salt. Still we'll know much better when we see how financing evolves over the next 3 to 4 months. That will be more transparent and reliable than the scuttlebut.