Wave Systems Corp. (fka WAVXQ)

[Whitewash]

Good morning Micro!

Let me ellaborate a little on my original business 101 thought:

- Cutting expenses stagnates a business (many businessmen can appreciate that fact right about now)

- No commitments to BE in Q4 only Q1

- IF SKS knows he has "business in hand" (lol) that will bring the company to BE in Q1 then why stagnate the business any further with cost reductions?

- With nearly a doubling of revenues Qtr over Qtr... Will Wave investors be more pleased with doubling revenues or with reaching BE merely due to SKS cutting his qtrly expense rate in half with a more minimal volume increase?

- Maybe your contention is why not double the revenue, cut the cost and post some actual profit growth for Q1? If so, what would be the net variance on the share price if SKS came through on both intiatives? I thought of that originally and then I realized we're talking about a million maybe two million dollars here? Maybe not a good reason to hold off on other more proactive intiatives of the business like selling for Q2?

I know you'll laugh when you read this next thought... I have to laugh at myself for having this thought after all these years... What if we're finally staring at a doubling of revenues every quarter from here on out? Our expense rate will actually begin to grow to support the new business?

Talk to you later Micro! Have a great Saturday. Jeff