Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Player

I think there is more to the post. If Wave "needed" to have a 3 to 1 or 4 to 1 rs to just get above a dollar, then it would be effectively in violation with the market cap requirement at that point. So I think the notion was we wouldn't do it because we would (already) be in violation. At least this was the way I read it.

However I think the reality is that if a RS was adopted, the board would want some margin above $1.00 and thus they could chose to get to $2.00 or more by using a larger multiple.