Replies to post #242237 on Wave Systems Corp. (fka WAVXQ)

[player1234]

Dilution is 24.5%

Offering:

7.3 units each consisting of 1 share and a warrant for 1/2 share = 10, 950,000 shares.
Underwriter option of 1,095,000 shares and warrants for 547,500 shares.
The underwriter has exercised this option.

Total number of new shares is: 12,592,500

Previous outstanding share count was 51,349,534

12,592,500/51,349,534 = 24.52% dilution

That's a high price for continuously missing goals.