Who puts a chip on the motherboard (TPM) that doesn't get used for years and why? I think the NSA said to industry, "Look, we want things to proceed like this and we'll get the government buy-in." So the TCG is waiting for the government orders before they really launch things.
I think they got involved with Wave's EMBASSY chip back in 2000. They set it up so that a lot of the different parts got farmed out to the big players and Wave got a certain portion of the system. They've been hanging on ever since.
In the meantime, SKS has tried to drum up money/business through other ventures until the big government turn-on with things like iShopHere, SignOnline, WavXpress, etc. We've seen how those things play out. No way Wave is around if the NSA isn't driving this bus.
I think some "investors" are privy to all this and that's why they're so vehement in their defenses. And that's why that big Wave investor with 6 million shares is still around. I mean who buys 6 million shares in Wave and sits on them for a decade quietly without knowing something. The guy is from Bethesda and is either tied to the NSA or has contacts there.
That's my story and I'm sticking to it.