According to my count, we are almost halfway to a second de-listing notification from the Naz for being below the $35M market cap listing requirement.
A reverse split can not cure the market cap deficiency.
By my calculation, on or around Feb. 25th, if Wave's market cap continually stays under $35M, they will get another de-listing warning from the Naz.
In lieu of new sales, another de-listing notification will not help Wave's battle to stay listed on the Naz Capital market.
A week or so after the new de-listing notification goes out, Wave will report its Q4 2014 results. If sales are still flat, I would standby for a serious down draft.
If things are no better in the sales dept. by May's Q1 2015 CC, I would expect that to be the death blow to Wave as we know it. Time is short; pressure is rising; and the final line in the sand will come in early May, if there is no change to report--IMO.
I don't believe the silence from Wave is helping, either. My guess is there is some huge obstacle to selling any of Wave's products and Solms and his team are working desperately to fix it. How else does one explain way more than a year without a single sale of significance? The market is there--but apparently not for Wave.
Things from my viewpoint look pretty dark. Real dark.
Blue
