...and this is why I am still on the sidelines. I need to see that Wave can break even.
"... it has agreed to sell 3,173,500 shares of its Class A common stock at a price of $1.10 per share, yielding gross proceeds of approximately $3.5 million. Investors in the private placement will also receive five-year warrants to purchase an aggregate of 952,050 shares of Wave’s Class A Common Stock for $1.15 per share. The net proceeds of the financing, approximately $3.3 million, will be used to fund Wave’s ongoing operations.{/i}
Yeah, I know, probably the least painful way of funding (except for self-funding), but while I believe they've got a great niche in the trusted computing market, I'm not convinced that niche is big enough to fund what they are trying to do.
"Absence of evidence is not evidence of absence. - Carl Sagan
