Wave Systems Corp. (fka WAVXQ)

[tkc]

Hi Blue. Once again I need to point out that part of your mantra --"Wave's failure to sell anything to anybody, ever--for more than it cost to make and deliver"--is just not true. Just because Wave is unprofitable does not mean that the product per se costs more than it sells for. My gosh their gross margins on sales are consistently ~95%. 95% gross margins are astronomic, unheard of, to die for. To paraphrase another "it's the management stupid," that prefers to plow all potential profit back into the company. I only mention this because that inaccuracy provides causation for readers to question the validity of your other assertions - which I believe to be credible.