Wave Systems Corp. (fka WAVXQ)

[goin fishn]

Hi Mjan and Alea


45 to 50 million would be puzzling at this point. SKS has been hiring new people at a fast pace. This suggests that he knows something more is coming. Dig accurately pointed out that the so called "guidance" of 45 to 50 million for next year was actually not an idea advanced by SKS, and instead just his confirmation that we should be able to cover our current burn rate in the next year.

The large, quick increase in employees and the reports from New Wave from the NSA convention leave me fairly convinced that a large domino is teetering and about to crash down in our favor.

SKS words are one thing, but this time he is spending money as if he believes we are ready to fly.