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TREND1

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Re: None

Wednesday, 05/14/2008 11:22:30 PM

Wednesday, May 14, 2008 11:22:30 PM

Post# of 675
POST 164822 on WAVX Board
Posted by: keV
In reply to: None Date:5/14/2008 11:15:15 PM
Post #of 164822

10 consecutive days rule will be violated...

Wavx now has a market cap below $50 Million.

As of Friday, 25-April-2008, Wavx is in violation of Nasdaq Rule 4450, Section e, Part (4) that states "if the deficiency continues for a period of 10 consecutive business days" then the company will receive a notice of non-compliance.

Wavx has received a notice of non-compliance and has been given 30 calendar days to have the Market Cap stay at or above $50 million for 10 consecutive business days.

This is the 16th day of the 30 calendar days where wavx has not achieved the required status to stop the delisting process.

IT IS NOW NOT POSSIBLE FOR WAVX TO MEET THE REQUIREMENTS AS OUTLINED BY THE NASDAQ.

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