Wave Systems Corp. (fka WAVXQ)

[yukonwookie]

As-and-when-needed cash flow booster?

"An “at the market”, or ATM, offering program provides a potentially efficient means of raising measured amounts of equity capital over time by allowing a company to tap into the existing secondary market for its shares on an as-and-when-needed basis. Under an ATM offering program, an exchange-listed company incrementally sells newly issued shares into the trading market through a designated broker-dealer at prevailing market prices, rather than via a traditional underwritten offering of a fixed number of shares at a fixed price all at once. While some versions of these programs have been available for many years, their use and attractiveness have increased significantly over the past 2-3 years as a result of the Securities Act Reform regulations adopted by the SEC in December 2005, which streamlined the procedural hurdles for conducting an ATM offering."