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cygnuscap

05/25/07 10:18 AM

#145235 RE: zen 88 #145232

The so called PP "investors" are shorting against the shares they just bought. It's a great racket, buy at $2.05 and short all the way down from yesterday's close. Its riskless money.

these are not investors, but arbitrateurs.

more dilution to wave, breakeven wont happen in Q2, option count will explode, spragues will continue to soak up all this cash and anyone long is just going to keep getting diluted.



http://cygnuscap.blogspot.com/
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yukonwookie

05/25/07 10:27 AM

#145239 RE: zen 88 #145232

ZEN88...

Well, either you or I would be # 7 on that list!!

While disappointed to see the drop, I am not uncomfortable with the amount of the placement ($15M) and the ability of the company to sustain itself through year end. If they don't have positive cash flow by then, the rest of us will be gone (either entirely or at least substantially), and you may possibly be # 1 on the list of holders!

Based on the recent market cap for Wave, I see $2.13 as a reasonable/approximate bottom equivalent now, and I frankly expect a close today above $2.20. But, I am just watching today, not buying or selling.

I like the company prospects.
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Mighunter

05/25/07 10:55 AM

#145248 RE: zen 88 #145232

Zen, LOL, I'd be #8 with the 1500 I just added this morning!

What a idiot I am!

MIG