Replies to post #9769 on Wave Systems Corp. (fka WAVXQ)

[vc15allman]

I assumed it was a taunt that I was somewhat circumspect in my bullishness on WAVX, so that I did not have the balls to hold it to $50.

With the Series H getting converted, we should have ~ 65MM shares outstanding. Then you add in x million share options that are not currently included in the shares outstanding. When the options are exercised, the shares become part of the shares outstanding.

Then you have the fact that the company still needs money to fund their business plan. If they were to raise $15MM, they would have to issue another 5MM shares and 2.5MM warrants (based on the current share price).

So let's start with 64.6MM shares outstanding, assume 8 MM share options will be exercised, and assume a financing that will create another 7.5MM shares.

That makes a total of 80MM shares. At $50 per share, that would make a market capitalization of $4 billion.