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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet -- Ignore unavailable to you. Want to Upgrade?

To: jean1057 who wrote (1207)	9/22/1999 10:43:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 1848

Jean, it is a nice response, but the limits he is talking about is "voluntary", meaning, if the stocks drop under $1.25 WAVC does not have to draw on the line of credit. However, if WAVC still needs the money, guess what, they'll draw on this line and thus the price will continue and drop. As far as I am concerned, as long as the company does generate cash (and that is a long way out if they are going to grow to $150 MM or so in 3 years) the number of shares is going to explode and the stock drop, IMHO. It is the same case as RNTK was, they did not have to draw on the leaky floorless credit line, but without money, guess what, they did. Zeev Zeev