If Wave announces a financing deal for $10 million or so, I think that would immediately increase the market cap by 20%. Thus I wonder if that is an intended cushion in the very short term as selling pressure occurs on day 1. Obviously more is needed to sustain the level but that may be a source of a quick defense.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.