Replies to post #225129 on Zeev's Turnips Patch-No Politics (ZEEV)

[punkle]

Seems like Equity P/C may be losing some of its reliability. Kind of like Max Pain. Not only does everyone always disagree on what the real Max Pain numbers are, but it seems to be more wrong than right lately.

[AKvetch]

Your WAVX exit may have been very timely.

http://biz.yahoo.com/bw/040330/305932_1.html

Press Release Source: Wave Systems Corp.

Wave Systems Announces Auditors' Opinion
Tuesday March 30, 6:00 pm ET

LEE, Mass.--(BUSINESS WIRE)--March 30, 2004--Pursuant to Rule 4350 of the NASD Marketplace Rules, Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) announced today that its auditors' opinion letter (dated March 12, 2004 and contained in Wave's Form-10-K filed on March 24, 2004) for the year ended December 31, 2003, raises "substantial doubt" about Wave's ability to continue as a going concern given its recurring losses from operations, working capital position and its accumulated deficit.

In its Annual Report on Form 10-K, for the year ended December 31, 2003, Wave reported working capital of approximately $12.4 million. Further, considering its current cash balance and projected operating cash requirements, Wave disclosed in its Form 10-K that it anticipates that it will need a minimum of $3.0 million of additional cash to satisfy its current forecasted cash flow requirements for the twelve-month period ending December 31, 2004.

For additional information, please refer to Wave's Form 10-K for the year-ended December 31, 2003. ...