Wave Systems Corp. (fka WAVXQ)

[rwk]

alea / you wrote that

I guess what I am saying is that we don't know that the VCs are disinterested in Wave's opportunity and their only motivation is to escape Safend

I tend to agree with that conclusion in the sense of what was the greater motivator.

However, I reviewed the trading volumes of Wavx shares for the 10 day period used to calculate the share payment. The volumes are not statistically different from recent trading periods. So I conclude that it can't be said that most of the shares were sold by the VC's. Remember we are looking for about 5,000,000 shares spread over 10 days for all VC's to sell. However, on the first and last days there were small volume spikes and on the final day, over 400,000 shares sold at the closing price between 4:00:03 and 4:32. So I think it's likely that one minor VC partner wanted to liquidate their shares.

So I'm going to guess that Intel VC is still in. And further wild conjecture would be that it was Intel VC that drove the deal as they could easily be the largest investor and the most in touch with the quickly evolving world of TC.