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Re: vc15allman post# 10267

Tuesday, 09/16/2003 4:51:54 PM

Tuesday, September 16, 2003 4:51:54 PM

Post# of 249131
vc: I admit this stuff is difficult. But they used the future tense advisedly.

From the form 8-K:

"The exercise of the Series H Warrants upon effectiveness of the modifications and waivers will result in approximately $1.9 million of cash proceeds to Wave."

That is, now that the modifications and waivers are in place, the eventual exercise of the Series H Warrants will result in approximately $1.9 million of cash proceeds to Wave.

Best wishes,
John



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