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player1234

11/17/14 5:42 PM

#239790 RE: Snackman #239789

There has not been a single instance, yet, where the company has NOT used every dollar in a previous shelf.

However, this is a new regime with a new plan. The 10Q stated clearly that they would be filing a new shelf within 12 months. This is it.

Hopefully, if they use it, the funds will be for more than "extending the runway."

aleajactaest

11/17/14 6:59 PM

#239793 RE: Snackman #239789

"There are no current plans" means that tomorrow Wave is free and clear to plan as much as they like.

We have to stop swallowing the sawdust and pretending it's sugar. There is no reassurance in the statement snackman received. It's just filling the air with a sound that is a bit like the one we want to hear, but isn't actually it.

The announcement provides Wave with the capability to dilute. They might do it next week, next year, or not at all. That's it.