Replies to post #7900 on Wave Systems Corp. (fka WAVXQ)

[cpa]

eamonnshute,

You make my point for me. You Didin't have revenues when you received the down payment. You had a deposit. Cash flow, yes. But revenues, NO!

If Wave doesn't have revenues in the fourth quarter, that means they didn't earn anything.

Now, tell me why Intel would give Wave a downpayment in advance of shipping anything?

CPA