Wave Systems Corp. (fka WAVXQ)

[Chance To See]

Yes, he was talking about Wave’s precarious financial position, so this paragraph could certainly be covering two aspects of the subject.

CHECKS. If Wave is getting $1.5 million for the DoD WEM pilot, then I wouldn’t necessarily think the check remark would be directed to the DoD. What came to my mind there was Samsung, where Wave has spent a few million dollars with no return yet (as far as I know) - not that I believe that Samsung is what he was actually referring to.

THE $5-6 MILLION DEAL. I don’t remember him putting a dollar amount on the flood delays and I don’t remember any other mention of a $5-6 million deal or two deals for $8-10 million. I also interpret “falling off the table” to mean that the deal he just mentioned is no longer in the pipeline.

A guessing game.

Thanks for responding.