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It appears wavx is flipping the bird to compliance.
Trending towards red at the close yet again...looks like some got duped again early. There is no such thing as shares on the cheap or at a discount in this equity. The actions, financials abd what us hanging over their heads via nasdaq and sec say otherwise.
Where is the after the market announcement? Notice on the release today there was no reschedule day accompanying it. Not to say this is going to happen but i have seen this before by some pretty crummy companies and no cc ever took place. The moral of the story is those companies are long gone. Gadzoox. Motoon Dna. Global telecom are a few that come to mind . This really does not look good. Truthfully it is probably worse than it looks. Imho
It doesn't have to be news to be realy bad. Would you consider missing and SEC imposed deadline the company was well aware of bad? It's quite possible the delay is to clarify the what fore and the and how of the bridge loan financing ..that seems kind of bad. Lastly its going to be another crappy quarter which looks really bad when that's more of the same and there should have been zero delay. Let's not forget this is now 47 days after the numbers were in the books.
It's not like they are running a multi million dollar endeavor here.
It's the appearance, when coupled with the results that look bad
Really bad.....man.
How can anyone question why nobody does business with this operation anymore.
It's obvious.
Unless you are oblivious.
No...only for those willing to see. The rest will see soon enough.
There is something to be said about relying on your own DD based on what is quantifiable, and not based on others opinions. But I could be wrong.
Shareholders should prepare for more price action like today's going forward. Hope is not an option. To delay your results twice is bad. That this delay violates an SEC deadline is unbelievable, and couple that with nothing concrete in the pipeline and a de-listing looming. A recipe for disaster.
Please explain to me something that is based in fact
verifiable fact a reason why this stock won't be around .05 near turkey day.
When something appears bad for this company it is. Common sense observation based on this company's history. Hope cannot change what the action gas wrought.
What we are seeing is a culmination of events and actions that have led to this point. . Many of these prior events were things that were not deemed important. Funny how that works. Not so funny is the amount of money it will eventually have cost shareholders. Even those who thought no risk at levels here. Numbers don't lie. All the dd posted cannot answer the questions of the whys or how come or whats happening. The numbers tell you its not.
The delay has nothing to do with waiting for anything to close. These are for results through the end of September.
When the delisting happens in the new year is the TURD symbol in play? Or would that correctly be TURDD?
This amplifies the inexperience of the prior leadership and how they squandered the cash resources time and time again. To think these very large companies were going to acquiesce the space to such a small company with unproven product seems incredibly laughable.
To think they were not going to fight tooth and nail to keep control was a variable that all of us who invested early on overlooked. But one that should not have gone unaccounted for. The history of spending money, bloated employee counts, and pet projects that siphoned of cash from the core business shows exactly how little regard was paid to this very thing happening.
I don't understand where the talk of close to break even or breakeven still comes from. What is this based on. It certainly cannot be from the company. We have seen how those words are unreliable. It cannot be from the news cycle-it's non existant, From other shareholder speculation? Unreliable and based on what?
Their financial situation is very precarious. The hope for many deals coming in unreported is ridiculous. A large company that would consider using the company would trigger a reporting event.
The small companies that would make deals aren't in a position with limited resources to take a chance on spending precious resources on a company that might not be viable going forward in the near future.
I guess the message of having to sell shares to pay back a loan in lieu of actual revenue on something that was to be repaid by Dec. 24th is pretty telling. The bridge loan was for 490,000 the same amount as what was just registered as being sold. They do however need to come up with 98K to complete the terms.
It's not still coming in, the quarter they are reporting on the books has been closed 42 days as of today.
But the quarter ended in September.." in order to allow for more time in finalizing quarterly financial results."
wow...........
Investors might attack this as not exactly being right to the nth degree of what wave offers. To do so would be missing the bigger picture. It shows that companies are looking for solutions and are spending money in this space-in this case acquiring.
What you have invested in is a company that cannot seem to sell, we hear nothing of any interest from other companies and one relegated to paying off nefarious loans with sales of its penny shares.
Maybe some folks need to treat the speculative postings at some publications as the true garbage they really are.
Microsoft Buys Another Israeli Security Firm Secure Islands
http://www.valuewalk.com/2015/11/microsoft-buys-another-israeli-security-firm-secure-islands/
rut row wavoids
I think we see some more misleading infornation on the publication about the placement. The financing was done soley to pay the bridge loan. As part if the deal it was cash and if not cash shares. That was the deal. Any other analysis of this placement is bogus.
The company is in a very vulnerable position and it does no good for them to sit on news in an effort to release it when it would benefit them. Besides what the wavoids are looking for would be termed a material event and they cannot sit on that.
Somebody needs to explain this to TPT
The evidence is that when something this company does looks like it could have adverse outcome it has the track record of doing as such. There is no proof needed. The reason these things are done is because there is not another alternative.
I mean come on...the writing is on the wall with 7 weeks left in this quarter. If you had a contract closing or a rock solid commitment you just don't sell the shares. You don't even file to do so.
Too bad some of what passed for and was posted was held to the same standard as what the popular posted demanded from the other side.
The company is selling shares and diluting shareholders to make a payment on the bridge liab. They aren't revamping a website for a product they have zero traction on.
it makes one wonder if certain posters are posting hopeful messages to try and unload shares just my opinion
Whats worse, cryptic MSFT connections that everyone can see are completely bogus or getting diluted and deluded yet again thinking there were actually going to be able to use earned money to pay this thing down?
Just like Sunday is the day of rest, so are the weekdays for the investment monies in wave systems stock.
A lowly index fund moved around 8% in the month of October. WAVX down .015..down 80% YTD down 85.71% in the last 52 weeks.
Please stop all the MSFT innuendo...they aren't searching for partners who float with the whale dung.
Wavoids drop the ball as it closes back at .161. The paint can must be dry going into the weekend.
.161 to.162. Wavoids stepping up to plate today.
Title..and take time away from watching the price action three digits to the right of the decimal?
I guess when volume is anemic after what looks to be a pretty good clue that shares not cash will be maling repayment it does not warrant the same speculation as feel good does.
Hopefully investors have become educated to ignore those types of messages. I don't think the rosy spins,nods and winks and word associations have sent "waves" (oops I just did it) of cash flowing to investors portfolios. I tend to think it has done the exact opposite. Those taking a hardline on the company may have colored their posts with descriptive language that clashed with a perceived view but underneath that there was a solid foundation from which that opinion was formed. I know that after all these years the same cannot be said for those with a differing view.
A reverse split will never happen......they won't sell those shares they only want to use those as incentive for new hires......that's only a last resort.
Question...the loan isn't due for weeks. It doesn't take weeks to file this sort of paperwork. If they didn't need it, why file it?
The only thing that is certain is the one thing that has remained constant. The long holding shareholder is getting screwed yet again. It doesn't take any digging or dot connecting to make that argument.
tkc..i am pretty sure that number was in the original filing last week. I just posted the info i found but obviously know i am not recognized by the SEC as that type if investor so i need to do a little more digging. ..I agree player has been spot on so i gave no reason to doubt he us correct as well
BREAKING DOWN 'Unregistered Shares'
Unregistered shares have fewer investor protections and different risks compared to registered securities. As a result, companies can only sell unregistered shares to “qualified investors.” Qualified investors are comprised of high net worth ($1 million or more) and/or high-income ($200,000/yr. or more for individuals, $300,000/yr. or more for married couples) investors that the SEC considers savvy enough to make such investments. In the past, soliciting or advertising unregistered shares was prohibited, but in 2013, the SEC adopted Rule 506(c), allowing certain unregistered securities to be solicited and advertised.
The sale of unregistered shares is typically considered a felony, but there are exceptions to this rule. SEC Rule 144 lays out the conditions under which unregistered shares may be sold. They must be held for a prescribed period, there must be adequate public information about the security’s historical performance, the sale must be of less than 1% of shares outstanding and less than 1% of the previous four weeks’ average trading volume, all normal trading conditions that apply to any trade must be met and sales of more than 500 shares or more than $10,000 worth must be preregistered with the SEC. An exception to this last condition occurs if the seller is not associated with the company that issued the unregistered shares (and has not been associated with it for at least three months) and has owned the shares for more than one year.
Unwitting investors can be taken advantage of through unregistered securities scams. These scams usually advertise themselves as private offerings with little or no risk and high returns. These offerings typically arrive unsolicited and sound too good to be true. Investors can find out if a particular security is registered by looking it up in the SEC’s EDGAR database online. Stocks traded by the average investor are all registered.
Read more: Unregistered Shares Definition | Investopedia http://www.investopedia.com/terms/u/unregistered-shares.asp#ixzz3qTKdQAw6
This leads me to believe sales have probably fallen off in Q3..they have trimmed excess fat to the point even it could not provide the needed cash to cover this loan. Sales in 4th quarter have had to be terrible in the first month to make this move right now and probably look terrible going forward.
The signs all point toward a delisting as well.
If you bought shares at .15 by the end of the year it may appear you overpaid.
After so many years it seems that posts about what is happening in the security have done much to educate about the space and very little as it concerns the bottom line of the company. Truth is a very miniscule amount of the posts, much like those that comment on volume speculations leading to news being released often add up to nothing. The numbers are the only relevant concern for the shareholder given the very real trouble this company is in. Anything else takes the focus away from what really matters.
Its been a glorious fall here with all the colors and such. The leaves have almost all left the trees. There are always one or two straglers that hang on for dear life. These too will eventually make their way to the ground. About the same time this year that it will become apparent there is no revenue upside surprise...there is no other way than dilluting the shareholders yet again to repay that heinous loan and there is no avoiding a nasdaq delisting. On the bright side i think the shareprice is too low here to consider a reverse split. I
They very well could but at what price? If the above scenario plays out where will the supprt come from? A 1- 20 only gets the price to a little over 3 from here and knocks the outstanding shares way down..well under 3M, and without any news I think u might see institutional holders start to bail before end of year as well.
In 11 days the discussion can turn to how poor a decision to buy shares at the .15 range might be.
Only because the shareholders keep digging deep and ponying up. True or false? True. The company has never its history generated enough revenue to self support. That has always come from the share holder. Even when entities have subscribed to placement offerings they dumped those right back into shareholders hands having locked a profit in..even they won't be caught holding shares. In effect it is not the company that keeps ticking its the shareholders taking the licking and its the company staying on life support. Going to be interesting to see the spin on crappy q3 results, the share sales to pay off the heinous loan and the delisting that is awaiting in short order.