I talked to scottrade yesterday, they said yes there is an R/S. They will replace the shares when they receive the new ones. I think they are working with the attorney on this. Also, they might be working on the financial as well.
R/S with current filing status and without operating units might take this down to the same current level, imo. They might do it and buy back shares to have available outstanding shares, since there is no more available shares. They might do it and authorize more shares. Management would like to have some available shares to pay themselves down the road. Also, neither management nor Steriwave wants to lose the value they have, so they may not want to do RS without having something solid to increase the stock value.
In all cases, there is a technology with lots of potentials, there is $20M funding for now, there are existing contracts with customers; and best of all is AR is out. Based on the company's presentation of the cash flow for the existing projects, the company's value is much higher than the current value. The PPS will move up one day or another, just needs our patience and management needs to communicate better with us. They can do this when they have something solid to say.
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