Wave Systems Corp. (fka WAVXQ)

[SPIN]

rick5 - while not necessarily probable, an R/S is not impossible either.

sooner or later NASD may very well consider Wave's listing. haven't checked the particulars of the listing rules lately, but aren't Wave's net tangible assets dangeroously near the cited minimums? additionally, the price is teetering near the minimum bid price ($1) for maintaining listing (yes, i know it requires a deficiency below the minimum for a series of consecutive trading days, 30 i think).

also, the NASD has on occasion, disregarded the stated minimums w/listed companies who don't actually do any real business, are defendants in calss actions & under SEC formal investigation.

not saying the NASD will suspend the listing of wavx near-term, but it remains a risk IMO.

a 5:1 reverse split would also reduced the O/S & permit the printing press to run freely again.

good luck!