Wave Systems Corp. (fka WAVXQ)

[cpa]

dig,

Do you see the word "prospectus" at the top of the filing.

Even when you have a shelf registration, one must issue a prospectus when actually trying to sell the shares from the shelf registration.

Maybe this was another bad deal (selling at 80% of a five day moving average) with the stock going down, so Wave cut it short because the stock was tanking? MAybe thats why people only got 1/2 of what they wanted. But, clearly they were going for the whole 25 million.

Please try and remember, a prospectus is different from a shelf registration. If it is labled a prospectus, its a prospectus.

CPA