Wave Systems Corp. (fka WAVXQ)

[Snackman]

Usually bad news comes out on a Friday, to be lost over the week-end, and good news comes out at the beginning of the week, to be traded on while it is still in the news.

In my opinion, this is the last, or second to last PP, Wave will ever have to do.

It seems to me that the warrant holders that exercised last week did so by shorting against the box between $1.15 and $1.35. So, one asks "where is the shorting against the box for the PP that was just announced"? I don't see it. Could they have found an investor or two, that bought the shelf stock this time around that intends to hold it, and not short against the box? So far the volume this morning supports that theory.

If fact, there is no panic selling this morning. We have formed a pretty good base at $1.20. I expect to see up move up from here and with a 100% increase in revenues of Q2 over Q1, the trend up will do well for the stock going forward.

Is there a followup announcement today or tomorrow? If so, we will close the gap on this morning's trading.

I think it is possible we will end up slightly up or down for the day. We'll see.