SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WAVX: Wave Systems Corp.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: TREND11/27/2009 11:49:05 AM
   of 604
 
Posted by: Snackman Date: Monday, January 26, 2009 10:51:55 PM
In reply to: None Post # of 174618

The last PP states that Wave will pay a 8% coupon semi annually to the holders of the Preferred. If the stock is above $.70 for 15 consecutive trading days, the Preferred is automatically converted to Common and Wave does not have to pay the 8% coupon, which will add to their bottom line by not having to pay it.

With the closing today above $ .70, if the stock were to stay above $.70 until Friday, February 13th, the Preferred will be converted on February 16th and Wave will save a bundle of money.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News