The RS rope isn't as long as you think wavoids
The last time around wave needed compliance by on or before August 8,2006. They filed a special definitive proxy with the SEC on June 26, 2006 for a special shareholder meeting to vote on the RS on July 24,2006. If the RS was turned down they had until October 21,2006 to regain 1.00 per share for 10 days.
The new filling says they need compliance by July 8th 2013.
Working backwards you should see notice from the company via a filling at or around May 26th or so.
That is 35 trading days from Friday, and the 26th is on a Sunday, the 27th is Memorial Day so you can bet that filing will be out on the 24th trying to get buried into the holiday weekend.
May 13th is your day of reckoning before the wheels go in motion wavoids- 26 trading days from today.
Wavoids seem so positive that revenues are a done deal the second half of the year, why would they even have that language about a possible reverse split?
No revenue to move the stock over a buck by September 21st?
Maybe thats what you should be thinking about before you pull the trigger on more shares, once again you don't see the BOD or CEO placing bets when you are, just collecting salary yet again.....
