Wave Systems Corp. (fka WAVXQ)

[1260]

Why don't we give all of this talk about accounting errors a rest until we know something. Most are just making fools of themselves.

This was the first Wave audit with Safend intergrated into Wave's books.
Two reasons for the possible error.

1. Safend was a foreign corporation. Some things they do would not fly in the US.

2. Since they are going back 2 plus years, the error could be a simple misstatement that got carried forward.

Wave is protected in the sales agreement by the escrow package.

I have sold companies to large corporations with both sides declaring everything is alright, then some rule change would occur and auditors would want to go back 3 or 4 years in both companies to make changes. Don't sweat the errors until we know what they are.

I will bet that they were hoping to clarify them right up to the last minute and then found they could not get last minute OK by the auditors.

Just my thoughts