WAVX: Wave Systems Corp. Message Board

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Technology Stocks : WAVX: Wave Systems Corp.

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From: TREND1	5/2/2007 1:12:54 PM
	of 604

***IMPORTANT*So with this new shorting clause on the PIPEs By: cmf in WAVX \| Recommend this post (1) Wed, 02 May 07 9:43 AM Boardmark this board \| Wave Systems Msg. 12543 of 12546 I supposed what we're seeing now is the shorting ahead of the deal, which should be coming very soon. That tells me that the PIPE will be closer to $2-2.25. Does a lower PIPE price with the new "go ahead and short" clause inspire confidence in anyone that wavx is ever going to see cash flow breakeven?? Thought not!! from the shelf filing: "The underwriters in an offering of securities may also create a short position for their account by selling more securities in connection with the offering than they are committed to purchase from us. In that case, the underwriters could cover all or a portion of the short position by either purchasing securities in the open market following completion of the offering of these securities or by exercising any over-allotment option granted to them by us."

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