Unfortunately, all those Wavoids with "trading shares" in the millions will sell them and drive the price down. Oh, and those like gentleman and dutchbj that sell then tell everyone after the fact (and then buy back in when things get better). Wavoids are their own worst enemy.
Weets, If a split takes place the fluctuation of the share price at that time will tell the story for Wave.Most share prices on a reverse split with a stock under a dollar, revert back to under a dollar. Wave just might be the EXCEPTION with a reverse split followed by some powerful news. This could HOLD the stock above one dollar. Example= Wave does a reverse split and the share value is 1.50 per share. NTT IMMEDIATELY makes an announcement and implements Wave. I believe if this was to happen the new share price of 1.50 will HOLD. Steven is continuing to educate the masses on trusted computing as this train continues moving down the tracks.Wave just may be the EXCEPTION on a reverse split and not the RULE.
weets, I agree. My wife and I will vote our entire block in favor of the measure.
It's ugly, but it had to be put out in the open. Without a doubt this was Wave's only way to buy more time with the Nasdaq. I did not think it was such a big deal for Wave to get put on the Capital Market, but apparently that is just not the case.
The key for me is the last guys that did the deal at market...no discount. They may have known Wave was in danger of losing their National market listing without the reverse split proposal. I also think Wave went into the last deal knowing their new people would require a continued National Market listing. Think about it!
Did SRA really think news would come out in time for Wave to regain the $1.00 compliance, a scant six weeks before the Nasdaq hearing, and they did the deal feeling assured Wave would get the price above $1.00 by now? They thought an NTT Data announcement would have already come by now for example? I doubt it.
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