Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

"1,668 reverse splits done from 1972 to 2003. Many were of penny stocks seeking to stay above the $1 threshold needed to avoid delisting by Nasdaq. But without recapitalization, new management and a new business plan, Martell and Webb found, many were wasting their time. Martell argues that some firms might be better off delisting and trading over-the-counter until they divine their way back to health. "