This leads me to believe sales have probably fallen off in Q3..they have trimmed excess fat to the point even it could not provide the needed cash to cover this loan. Sales in 4th quarter have had to be terrible in the first month to make this move right now and probably look terrible going forward.
The signs all point toward a delisting as well.
If you bought shares at .15 by the end of the year it may appear you overpaid.
Mmbg, Yahoo gives ave vol @ 434K. 1% of that would be 4340 shares that can't be traded publicly (6 mos. lockup). They'd have to get a buck a share ($1) to cover most of the loan shark loan. How is that possible? Where am I wrong as this looks nuts as an effort to raise capital? It seems to me the risk is so high Wave would be lucky to get $.10/shr.
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