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Re: UncleverName post# 26705

Tuesday, 01/20/2004 4:50:41 PM

Tuesday, January 20, 2004 4:50:41 PM

Post# of 249114
edit3: still doesn't add up Uncle...

it was previously 3.7M shares +/- & now it's 4,862,532 shares.

the proceeds ($7,078,000.00) remains the same in this filing, so it might even be worse than i first posted.

4,862,532 / 7,078,000 = $1.45

SO, was the pps adjusted down $0.45 (24%) ?!?

& no matter how you slice it Uncle, whenever these shares are officially registered, you have almost 5 million coming on the ask to digest.

AND the quirky trading spike the other day (in light of the time frame of the registration price calculation you noted) smells way fishy IMO.

i know, i know...

Things are Good!

edit: 24, i would spincerely appreciate it if you could explain the math. Wave gets $7.078M, yet there are 1.1M more shares coming than first disclosed.

what am i missing?

edit 2: that number doesn't add up either 24 -- there were only 931K warrants disclosed in the filing & i didn't read anything about any of those warrants being exercised. this filing registers 4.8M shares. the original disclosure was for 3.7M shares & 931K warrants. that's 4.6M +/-

tia!

edit 3: i just did a quick calculation of the table in the filing & backed out the # of shares to be held after the offering & the # i got was 5,037,532...



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