Replies to post #203904 on Wave Systems Corp. (fka WAVXQ)

[aleajactaest]

On the other hand, if it's not disclosed, it would appear it's not a material event.

"Real Time Issuer Disclosures

Each issuer reporting under section 13(a) or 15(d) shall disclose to the public on a rapid and current basis such additional information concerning material changes in the financial condition or operations of the issuer, in plain English, which may include trend and qualitative information and graphic presentations, as the Commission determines, by rule, is necessary or useful for the protection of investors and in the public interest."

There's a legal obligation to report material changes.

What does material mean? Here's a paper on the subject on the SEC website:

http://www.sec.gov/about/offices/oia/oia_corpfin/princdisclos.pdf

Example: Entry into a material agreement not made in the ordinary course of business

[wavxmaster]

Fullmoon

Thanks. I also don't think that only the auto deal closed.

I think/hope that after the NSA Trusted Computing Conference, Wave received a lot of inquiries and new leads. It seems that the NSA is the cyber lead for the Gov't, and Wave is where the NSA has found many answers, going all the way back to Kravitz's work so many years ago!

To think that these have been pure coincidences is foolish! To think that the auto deal addition is the only reason and soley responsible for Waves' volume & shareprice increase from Dec 1st, is also a mistake.

I still have to go back to the last CC where SKS says these following things: From the last CC transcripts,
Thanks to 'Chance To See'!!

"And as we look forward to that – I mean we just – you know we had an opportunity that came to us the other day that’s clearly tied down to somewhere between five and ten million seats if we extend the service that we’ve been demonstrating for now a number of years onto a product basis."

Also:

" So I think the next 12 months will be an interesting time. I know we’ve said that before in government, but the presence is different today. The Trusted Computing Conference was excellent. There is a much higher level of awareness within all aspects of the government opportunity. And so we’re excited to see it. I’m cautiously optimistic on when significant revenue will flow from it. At some point the tools to turn on all the TPMs need to be enabled across the entirety of government, and I think we’re approaching that point."

Also:

"On the other hand, if the government wanted to take a step forward and address global cyber security, there’s nothing better they could do, truly nothing better, than turn on all their TPMs and assure that only their devices are on their network because it would signal to everybody else to go do that. And if that single thing was done, we would do more for global cyber security than probably any other investment we could make today. Because it’s been proven to work, right?"

[Workingcapital]

One way of telling: show me the annual revenue generated from these material customers.