DragonWave (DRWI)

[JTlive]

There definitely is a huge risk but they only have to be at above $1 for 10 consecutive days before the end of August. They may also qualify for another 6 month extension on the NASDQ CM if they come close but don't actually make the 10 consecutive days. The next option would be either a 2 for 1 or even a 3 for 1 reverse split which is what we don't want to happen but will in fact happen if they cant get the job done. The worst thing about this whole situation is that if those delayed orders that they couldn't get filled would have gone through last quarter the share price could actually be at $ or more right now. They gave guidance last quarter of around 10% plus growth and they fell way short on sequential quarter over quarter growth. They can't afford to make anymore major mistakes like this when it comes to guidance as us Longs are all taking a bath because of their poor mistakes.