Replies to post #170510 on Wave Systems Corp. (fka WAVXQ)

[xxxxcslewis]

My previous post was a generic argument that applies to any company that has not yet reached positive cash flow. I used Wave as an example. Wave must raise money, I just don't want Wave to use converts. They must find some other way.

If they do choose that route, they then must achieve positive cash flow and eliminate any possibility of future funding necessity just to keep the doors open and the dream alive.

Steven's track record and forecasts aren't that good.

[rick5]

I don't know if this detracts from your argument or not but it is unlikely that the premium on a convertible would be 8%. I would guess more like 2-3% with a conversion price such that the buyer would benefit from upside on the equity. My opinion only

[brant_point]

This post I am replying to from


xxxxcsl is pretty close to the news of the day.
Can anyone comment on the scenario xxxcsl has laid out?