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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet

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To: Chisy who wrote (1756)4/10/2001 6:54:26 PM
From: Chisy   of 1848
 
On the surface this may not look good, but I certainly prefer this type of financing over going through a hedge fund and being at their mercy like they did in the past.

WAVC : WAVERIDER COMMUNICATIONS INC (NASDAQ)
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WaveRider files U.S. shelf for $13.8 mln in stock
WASHINGTON, April 10 (Reuters) - Canada's WaveRider Communications Inc. (NASDAQ:WAVC) on Tuesday filed with the U.S. Securities and Exchange Commission to sell, from time to time, up to $13.8 million in common stock.

The Toronto-based firm plans to use the net proceeds from the offering for general corporate purposes, including capital spending and working capital, it said in a U.S. Securities and Exchange Commission.

Shares of the wireless Internet access product maker closed 5 cents higher at $1.31 on Nasdaq. They have a 52-week high of $10.25 and a low of $1.03.
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