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TREND1

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Re: None

Friday, 08/15/2008 11:26:48 PM

Friday, August 15, 2008 11:26:48 PM

Post# of 675
On Monday 8/18/08, wavx will have not met the condition set by the NASDAQ to stay listed on the NASDAQ Global Market.

This time, not only are they not in compliance for the Global Market listing( $50,000), they "MAY" no longer are in compliance for a Capital Market listing, if the market cap is below $35 million.

During the appeal process it will be interesting to see what leeway the NASDAQ gives them. After the appeal process, if things continue as they are, wavx could be in very deep trouble if they have to go to the OTCBB market. Companies listed on that market are not exempt from state Blue Sky laws and it would make raising cash very expensive for wavx.








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