Wave Systems Corp. (fka WAVXQ)

[Zeev Hed]

The conversion is at $2.61, my experience in such situations is that to incentivize the warrants holders you got to give them at least a 60% to 75% premium (once more look at the MU and MVIS similar cases in early 2000), that gets you north of $4, momentum should get you above the major resistance in the $2.5/$3.5 area. The last time it took a week to go from $1 to $5. It really depends on what is the trigger. If by late April, they indeed can start and show some quarterly revenues from the first quarter, not even break even or positive cash flow, but something in the $1 MM plus range, a novelty, then they might even take out the highs. You got to remember, I am assuming a naz scenario taking us to 2333 to 2390 ( #msg-2000425) by early summer. I am also assuming that we don't breach the $1.25 level in the next six weeks or so.