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Technology Stocks : WAVX: Wave Systems Corp.

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From: TREND19/3/2008 2:20:33 PM
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Posted by: dig space Date: Wednesday, September 03, 2008 1:32:18 PM
In reply to: zen 88 who wrote msg# 170610 Post # of 170612

Correct, they have until the end of Sept (more or less) to meet compliance with their currrent listing (that essentially requires them to gain a bid of $1.00, which will simultaneously take care of MktCap).

I think $1 in the next three weeks is unlikely, so I go with delisting upon appeal review.

*IF* they meat N Capital M requirements they can petition for inclusion. Currently they do not meet those requirements. I see no reason to expect them to suddenly meet them.

Hence I think it is likely that in the near term WAVX goes to full-on back-alley pink sheet listing.

I look forward to considered arguements to the contrary.
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