Wave Systems Corp. (fka WAVXQ)

[LadyX5903]

Can we put this cash flow positive/breakeven issue to rest.

Following is copied from 4 q conference call transcript at the top of this board:

"Collins: All right. Thanks. I guess one question that's probablyweighing on everyone's mind is that you appear to have reached financial stability. And so I think everyone would like to know what are your plans for raising capital? And how do you see the future of the financial progress of the Company?

SKS: We have no short term plans for raising capital. We're very pleased that Q1 will definitely be our first quarter where we are cash flow positive from operations in the history of the Company. And we certainly hope that subsequent quarters will be as well. "

SKS clearly said cash flow positive.

Definition of positive cash flow: Normal situation where the cash inflows during a period are higher than the cash outflows during the same period. Positive cash flow does not necessarily means profit, and is usually due to a careful management of cash inflows and expenditure

Lady X