Replies to post #164498 on Wave Systems Corp. (fka WAVXQ)

[Fullmoon]

Ispro, internet just raised a good point......

In today's PR, it is stated that, "As of March 31, 2008, Wave had cash and equivalents of approximately $1.5 million and no long-term debt."

Assuming a burn rate of $7.5 miliion per Q, $2.5 per month, Wave should have been out of money in mid-April. Are they? Are Q2 numbers that good? Have there been upfront development fees or royalties paid? This would be a great question for the CC