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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV
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To: Smilodon who wrote (2620)3/15/1999 6:42:00 PM
From: reed nakazono  Read Replies (1) of 2843
 
Archer,

I personally don't take issue with your short position, (we all have to try and make money), but your analysis of the S-3 amendment is incorrect. The amendment pertains to the $7,500,000 infusion from Castle Creek partnership last month. The terms of the offering requires the company, WAVO, to register those shares. "We will receive up to $2,665,000 if Castle Creek fully exercises the warrant." (approx. $10.66/share).

I agree with you that to date the company's primary source of funds has been through equity infusions (dilutive to us original shareholders) rather than earnings.

Let's (meaning me, not you) hope todays move portends things to come.
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