Wave Systems Corp. (fka WAVXQ)

[ullr]

Awk- I wouldn't spend it on that. If the market demand is a great as what is expected, analyst coverage will take care of itself when revenue occurs. Let the big boys spend $$$ on promoting security. Trust me, analysts at buy side firms run their own screens, they don't rely on research firms. (I'm not talking about wirehouses like ML or Citigroup) When Wave shows rev growth investment managers will find them. Some of the instutional ownership shows that already. Quality active management investment managers like WH Blair will start to take positions. Most of those firms use little external research. They're looking to dicover the idea themselves.

You're calling me to the carpet on the spending for a company which I'm not involved with on a day to day basis. Perhaps they could search for a PR firm better than Jaffoni and Collins. Maybe they use the 30+ K for a few extra sales calls or a booth at another conference. Maybe they use it to make sure that their data is correct in investment databases like Factset or Thomson or other tools that investment managers screen stocks from ( small companies often don't realize their data may be missing or not accurate in these databases.