Wolfie: Don't mean to be patronizing in the least, but continued listing on the Naz Capital Market makes it far easier for Wave to drum up more financing. If Wave gets knocked off the Naz Cap Market and onto the pink sheets, funding is a real serious problem.
So...., if you are following me and you see Wave is surviving by selling pieces of itself to shareholders, rather than selling product--when funding is cut off, the company will have great difficulty staying alive.
So, at this point, any chance Wave may have to dig itself out of the hole it dug for itself, may be terminated by another Naz de-listing. To avoid this, Wave will probably rely on a third reverse split to stay listed.
I have yet to find a company surviving a third reverse split. Two are bad enough, but a third may be fatal.
So, IMO, another de-listing may be the coup de grace for Wave.
Blue
