Replies to post #4504 on Wave Systems Corp. (fka WAVXQ)

[SPIN]

BTK

the forced call of warrants is sorta like an accounts receivable & so = future cash *if* the 15/20 trigger clicks (looks like it's imminent IMO).

the exercise of the warrants anytime bfore 10/04 is @ the option of the holder. the strike is @ $1.13.

i'd convert 'em if they were mine (unless i had a tax issue & wanted to "risk" deferring the gain 'till next year).

when they are converted (NOT if, IMO), wave realizes income ($1.13/sh).

could hauppen tomorrow, could hauppen next year.

they are delivering on a plan to raise cash w/out dilution.

yep, you missed the little boat!

the BIG one is still @ the dock.

if it were me, i'd hand my ticket to the porter & get on board!

cost-average in if yer reticent, but i think you *know* wavx is going higher.

much,

SPIN

[rwk]

BTK /warrants

The exercise of warrants always means cash for the issuing firm. Warrant exercise means buying freshly minted,(but previously authorized) shares from a company. The monies paid to buy the shares as a result of exercising the warrants are the property of the issuing firm.

The early exercise feature of Wave's warrants means that the funds represented by their exercise might possibly appear in 18 months rather than 5 years.