Replies to post #243716 on Wave Systems Corp. (fka WAVXQ)

[Koog]

Question-why not sell off receivables or whatever the hell it was they were doing before when they were in a cash strapped situation?

Because they have tapped out that teat.

[player1234]

You can't sell off what you don't have.

All those "positive pilots" generated nothing. Remember, Wave is in the business of stealth and giving things away so positive pilots means the company spent money on supporting the pilots but the prospect wasn't willing to pay a dime for the product.

The infamous "European" prospects are also anxiously sitting around waiting for the company's finances to improve. Their P.O.s are right around the corner. But alas, hope doesn't have a price-tag when it comes to financing.

Maybe the recent, no-revenue 3-year agreement will work. Oh wait, that is worth the same as the 15-year Samsung agreement.

107% APR was the best they could do. They probably did sell what little receivables they had, unless those turning into doubtful accounts.