Wave Systems Corp. (fka WAVXQ)

[RootOfTrust]

Apparently the CEO needed months not days to determine an accurate figure for what goes out the door every month in payroll and other expenses?

In other words the CEO has gradually come to realize the cash crunch is bigger than initially thought?

A competent CEO taking over the company would quickly determine from the gitgo an exact cash burn and formulate a plan to cut expenses, increase sales and perhaps use the ATM to improve the balance sheet in order to foster a better environment in which to do business. We'll get an update in the call on how Solms is doing but I think it unlikely at least that "he" found the "cash crunch to be bigger than intitially thought". Maybe you meant "us" lol.