Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Xpress

My take is that there were interested buyers but they were not moving forward fast enough (maybe cold feet, hesitation in these markets or hoping Wave would need to give it away)and wave decided to shut it down rather than continue to burn scarce cash. presumably it is still in tact to be sold if and when that opportunity emerges again. And if there is an interested party they will realize that wave is willing to mothball it rather than giving it away. Wave ha sno doubt created many of its issues but today's capital markets has certainly tempered enthusiasm for deals; even those as small as Xpress.