Wave sure knows how to close a quarter--the stock is near all-time low, no reportable sales beyond that nano one of $150K. [Split adjusted, Wave is worth less than a nickle.]
The stock is nearing the end of the de-listing warning period and Wave would have to either reverse split again to cure that one, if the Naz says no to another extension.
But there's a worse headache rising for the company--the market cap deficiency--$35M is the min. allowed and Wave is just below that. Reverse splt does not cure market cap deficiency.
Then, it appears on top of everything else, Wave will need to do another funding before the summer ends.
To me, it looks like wave after wave of Wave bad news.
We won't get the numbers until August, but I'm guessing revenue is about what it was the last quarter, or perhaps a little less. Yet another dry-gulching of the "greatest stock the world has ever known or will know."
Personally, I believe if Wave had anything to announce, they would have.
Blue
