Wave Systems Corp. (fka WAVXQ)

[SPIN]

only the 31 words between the hilarious SKS quote and the article written by Scott Kirsner.

IMO he was entirely lenient & i suspect that much of helpfulbacteria's analysis on the issue is more-or-less accurate. Had he dug deeper into the matter, he could have added SO much more depth.

btw, didya notice how the SKS added smore wiggle room to the "breakeven" prediction? Now, even another $25M won't get Wave to what was supposed to occur this year (w/out the now looming additional 35% dilution).

"In April, Wave announced a plan to raise $25 million in a stock sale. 'That will carry us to cash-flow positive, or very close to it,' says Wave chief executive Steven Sprague, son of the founder. Hope springs eternal."

http://www.boston.com/business/technology/articles/2004/06/14/after_16_years_of_struggle_wave_awaits...

wonder who gave the stable hand wavx shares for Christmas?

too funny.