kevin_s5
I think it's clear that the decision to not sell more at $1.90 was based on the assumption that the price would go up by the time more, if any, additional financing was needed. Obviously, if management had serious doubts that the price would hold, they would have sold more when they had the chance...that they did not, now looks like a foolish miscalculation or bad judgement.
For sure the SEC debacle hurt...it was announced about one month after the $1.90 PP. Not only did the investigation followed by the lawsuits contibute to share price erosion, all of it together may have inhibited the PR processes, making it more difficult to support the share price ahead of meaningful revenues.
And revenues have been delayed by the slower than expected TPM deployment. The original Intel/Wave boards were basically trial runs and the original NSM SafeKeeper has been tied up in Super I/O integration. Both bundling deals represented Wave most immediate term revenue sources in the TPM deployment scenario.
