Wave Systems Corp. (fka WAVXQ)

[waveytrain]

PP in 4th Q
Please stop saying that they did not do a PP in the 4th Q.


Lee, MA -



October 19, 2012 -

Wave Systems Corp. (NASDAQ:WAVX) today announced that it has entered into agreements with certain institutional investors for a registered direct placement of approximately 3,324,750 shares of its Class A common stock at a price of $1.0025 per share, yielding gross proceeds of $3,333,062. Additionally, investors in the offering will receive five-year warrants to purchase an aggregate of 1,662,375 shares of Wave’s Class A common stock for $0.94 per share. The net proceeds of the financing will be used to fund Wave’s ongoing operations.

The offering is expected to close on or about October 23, 2012, subject to the satisfaction of customary closing conditions.

They may or may not have broken even (I doubt it ).
But don't use that false statement as evidence of it.

Wavey Train