Wave Systems Corp. (fka WAVXQ)

[go-kitesurf]

DaDevon and zen, RE: Dell

IMO, and I didn't reread the 8k, but I think the 8K is the "Envoy 8k", not the "Dell 8k" since the deal is with Envoy Data Systems to sell the software ETS Dell Edition 1.0? So the relevant press release would be the one with Envoy, not one with Dell. Does Wave have a direct relationship with Dell?

In terms of the 8k itself, Wave announced a deal with the reseller Envoy, so if Dell wins a contract, it has nothing to do with Wave's material filings - it would be up to Envoy at this point. Wave already announced a relationship with Envoy. The 8k comes after that Envoy announcement.

So the correct question could be better phrased possibly as "why did Wave release an 8k regarding Envoy when they already announced a relationship with Envoy".

My opinion is that the Envoy deal was restructured to include the new product called ETS/DE1. As for any direct ties to Dell, not sure Wave is liable for any of them, ever, at this point. Are they?

Now, these comments are relevant to the ETS/DE1 software only. This doesn't include anything about KTM or ACM.