wavxmaster, thanks for the correction. There probably will be some capitulation on Monday for some small investors. I believe every long should hold his position. NOTHING HAS CHANGED and Wave is working their business plan.
I think at a 1:3 and 1:4 split, the price would drop low enough to drop us under a 50 million capitalization.
In the worst scenario, say the share price is $ .60 or lower on July 24th. At 1:3 that would leave about 37 million shares @ $1.80. If the stock were to drop down to $1.35, which I think is possible, Wave would be out of compliance.
Let me put it this way: if there is a reverse stock split, what ever price there is after the split, it will go down, how much, I do not know.
But I want to emphasize this again, we are only voting for a plan. That plan is for NASDAQ, they are requiring it. That plan will never be implemented if Wave is in compliance by July 24th. We will have to wait and see if that happens or not.
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