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Technology Stocks : WAVX Anyone?

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To: Scott Rafe who started this subject8/24/2003 12:15:11 PM
From: 24601  Read Replies (1) of 11417
 
On the daily-closings-above-$1.90 timeline:

The series H placement "closed" on April 30.

The initial 90-day count (to establish an effectiveness date) ended on July 29.

The requisite second 90-day count (after the effectiveness date) will end on October 27.

A requisite 15-day count thereafter will end on November 11.

At that point the common shares can start racking up daily closings above $1.90 toward mandatory conversion of the preferred shares.

Best wishes,
John
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