Wave Systems Corp. (fka WAVXQ)

[dig space]

barge, bertha (as always on matters of fact such as this) has it correct.

1. One gets a compliance notice, with a 180 days to remediate.

2. One gets an extention, another 180 to comply.

3. One gets a delisting notice. Correct, they will get the delisting notice.

4. The company then (this is in the next couple weeks for WAVX) can request a hearing with a plan that should include RS:

" NASDAQ has stated that the plan should include the implementation of a reverse stock split in the near term – no later than 180 days after receipt of the delisting letter."

So the delisting notice will happen, but the actual delisting is delayed assuming successful outcome of the hearing.

As Wave walks into the hearing with RS authority in hand, I imagine they will be afforded the additional 180ish days.