Player: You are totally correct that it is legal and consistent with Wave's past record on releasing quarterly reports.
However, waiting until the last, possible legal reporting date is usually a sign the quarter has not been a good one.
I agree with the sentiment expressed by another poster, Wave is hoping against hope something good will materialize before they are mandated to report Q4--because the Q4 is so bad, IMO.
If the Q4 truly stinks, it is going to be a steep, uphill battle to get the share price over a buck for 10 consecutive trading days by July.
The company has already stated it will address that listing deficiency with another reverse split, if necessary.
To me, this screams out that the high hopes the supporters have for a big deal, either from DoD, Win 8 or Samsung are a bit far-fetched.
Personally, after studying the situation, I think not one of those three will happen before July--which, if correct, means we will suffer another reverse split.
Do you have any thoughts on the immediate future--say any engagement of substance by July?
Best wishes--Blue
