Replies to post #242131 on Wave Systems Corp. (fka WAVXQ)

[BarMitzvahBoy1]

Alea, probably not as rigid as you make it sound. But what makes the argument
disingenuous on this board is that Wave hopefuls always try to use the 8K argument to rationalize the absence of substantial material activities for WAVE. They say, " Just because there is no 8k, that doesn't mean there isn't any business getting done." Unfortunately, more often than not the absence of an 8k has proved to be telling.

[dig space]

alea, yes,

your argument imo rests on ordinary course = non-material, and I believe that to be false.

8-k requires

1) non-ordinariness

or

2) dependenciness

The venn of Material events for Wave includes:

1) non-ordinary material,

2) dependency material,

3) ordinary, non-depdency material.

Ordinary non-dependency material is Wave's normal business, generally good for a couple $mill a Q, and is reported on Form 10q.

Dependenciness for Wave re 8-k is mostly populated by Item 1, entry into a material definitive agreement - sale of securities and rarely Item 8 - other (sale of products). The measure of dependiness is, imo, the degree with it can measurably push the next pending PP. But not being big enough to push a PP does not make it non-material, just not 8-k requiring.