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Re: IAMSAM post# 9

Friday, 02/27/2004 2:03:24 PM

Friday, February 27, 2004 2:03:24 PM

Post# of 232
IAMSAM...re Share price...I think we all need to be patient over the next 6 months or so. Most of the people on the Yahoo thread seem to think that the current weakness relates to the ongoing sales by WAVX. They seem to be forgetting about the newly registered shares from the recent PP. If my math is anywhere close to being correct...the conversion was close to 70 cents/share. As soon as the PP was announced...the shares went from the 1.60-80s down to the 1.10s.....soon thereafter...the shares went over 2 on STRONG volume. The current weakness is in part due to continued sales by WAVX...but also has to be related to the newly registered shares.

The above raises a few interesting questions:
1) Who was buying the shares after the recent PP knowing full well that a great number of shares would make their way onto the market....Why the rush?
2) How many shares of the recent SEC form filed by Wave on 1/20 have they sold?? If they have sold all of those shares...it will leave Wave with close to 2.5 million SSPX shares.
3) How long will this distribution phase last if we continue to trade 400-500K shares/day? After this redistribution phase...from the PP to the rest of the investment community. Obviously...if the PP participants want to hang on to their shares...then this point becomes insignificant.
4) I think that if you're patient...you will be able to accumulate at reasonable prices.
What are your thoughts?

Sincerely,

Jas

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