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rwk

09/23/08 4:02 PM

#171306 RE: toro1 #171305

toro / I don't have an answer for you,

but I do note that since the pref's where issued at $0.44, that no shares have traded higher than 0.45 and a total of about 700,000 have traded there. Looks either like a past pref buyer is selling common to lighten up their holdings or Wave has an evergreen offer on the prefs that some common shareholders are taking currently taking advantage of.
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Countryboy

09/23/08 5:26 PM

#171314 RE: toro1 #171305

Pipiline trading,

This is interesting:

About Pipeline - New York City-based Pipeline Trading Systems LLC operates the Pipeline Alternative Trading System (ATS) that enables institutions and brokerage firms to quickly and efficiently trade blocks of NYSE - listed companies, NASDAQ stocks, ADRs, and Exchange Traded Funds (ETFs). Pipeline empowers firms to execute block trades in single executions. Pipeline maintains a hidden book of large, executable limit orders with strict price time priority. Pipeline facilitates interaction between traders, enabling all real buyers and sellers to find each other anonymously and get trades done while minimizing gaming. Pipeline Trading Systems LLC is a wholly-owned subsidiary of Pipeline Financial Group, Inc.

http://www.pipelinetrading.com/AboutPipeline/CompanyInfo.aspx

Pipeline Symbol and Block Quantity List
Over 6,000 issues, including the S&P 500, the Nasdaq 100, the Russell 3000 and selected ETFs and ADRs are eligible for trading in Pipeline. Most names traded in Pipeline have a minimum block quantity of 25,000 shares. However, for the issues most actively traded in the national markets, the block quantity is 100,000 shares. For less liquid names, the block quantity is 10,000 shares. The block quantity for each name is displayed in the Pipeline user interface.
WAVX - Wave Systems Corp – NasdaqGM - 10000
http://www.pipelinetrading.com/PLSolutions/Symbols.aspx