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rwk

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rwk

Re: Escrow56 post# 215269

Tuesday, 09/27/2011 10:35:15 AM

Tuesday, September 27, 2011 10:35:15 AM

Post# of 249464
Escrow56 / I don't

know the answer to that. But if a VC really wanted to reduce their exposure to Wave they could easily short Wave common shares against their holdings of restricted shares. I tend to think they would be unrestricted as 1. there is no desire or need on Wave's part to keep the VC's as shareholders and 2. unrestricted shares are inherently more valuable than shares with restrictions so Wave has to "spend" fewer shares to buy Safend.
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