Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

The reverse split is a shorts dream. They have not had any opportunity to profit in this stock pretty much since it settled in this range. The rs is a gift for them. The shareholders are beating the drum for this to pass. It does not bring with it sales. The reasoning is the abillity to raise cash easier to continue as a going concern. Without it the shareholders fear pink sheets or even bankruptcy. The ratio is going to be large to gain nasdaq compliance. Without sales being announced soon after the shorts will crush the shares again. Will the shareholders continue to buy once a 1-20 type rs goes down? Why would one buy if no news is immediate? Buying just to support stock has been a very poor strategy. Without the shareholders supporting the stock there will no support. Think of the news flow. Delayed quarterly...no CC... compliance issues on two fronts..a third rs and no revenue news coming...where is the new money coming in from?