WAVX: Wave Systems Corp. Message Board

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Technology Stocks : WAVX: Wave Systems Corp.

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From: TREND1	11/14/2008 5:01:19 PM
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From WAVX filings: Wave additional time to meet the $35 million market capitalization requirement for that market. The Company’s shares will continue to be listed on The NASDAQ Global Market pending the outcome of the appeal. Wave expects a decision from the Panel within 30 days of the hearing date. The Company has not regained compliance with the Market Value Rule and, therefore, the Panel may not grant continued listing on The NASDAQ Global Market. The Company also does not currently meet the $35 million dollar market capitalization listing requirementL/b> for The NASDAQ Capital Market and, therefore, the Panel may not grant the Company’s request to transfer its listing to that market. If our common stock ceases to be listed for trading on The NASDAQ Global Market and our listing is not transferred to The NASDAQ Capital Market, we expect that our common stock would be traded on the “Pink Sheets” or the NASD’s Over-the-Counter Bulletin Board (OTC-BB). The level of trading activity of our common stock may decline if it is no longer listed on The NASDAQ Global Market or NASDAQ Capital Market and this may harm our stock price, increase the volatility of our stock price and make it more difficult to sell shares of our common stock.

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