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Technology Stocks : WAVX Anyone?
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To: andrew peterson who wrote (5178)1/29/1999 9:13:00 AM
From: JOHN FIGLIOLINI  Read Replies (1) of 11417
 
From reviewing WAVX's financial statement it is obvious that without the bridge loan the Company would be out of business. They will quickly have to raise additional capital very quickly to secure their long term prospects. This fact makes me very skeptical about a sucessful NASDAQ National listing application. Mr. Sprauge hedges his words so well in his release that I doubt he even thinks a National NASDAQ listing is possible.

Anyone remember their Business 101 course in college. A loan with no interest is not really a loan. If this bridge turns into a convertible Preferred stock I would like to know the terms. I wonder what the 275,000 warrants are exercisable as well.
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