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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: Wahoograd who wrote (2148)	5/19/1998 11:58:00 AM
From: Pure Folder	Read Replies (2) \| Respond to of 11417

Thank you, everyone, for the recent posts, including those by some new names on the thread. Sifting through it all, I think we probably all come to roughly the same conclusion: The absence of significant news at or before E3 will be a disaster for WAVX, and given that management very likely knows this, I put the risk of no news or flat news at less than 5-10%, because otherwise they, their attorneys, and the new PR firm are writing a recipe for disaster right now: 1) Invitations to known investors to attend an E3 open house; 2) Chairman P. Sprague selling shares--potential disaster ahead of bad news; a sign of integrity and fairness ahead of good news; 3) Updated website with particularly strong (positive) language; 4) Periodic participation on Yahoo and here by President/CEO S. Sprague, so they know the current sentiment and expectations and have made no effort to "mellow things out," or employ preemptive spin control on an E3 non-event, if they knew that were going to occur; 5) No amendments to the S-1 to reflect change in circumstances since mid-April; 6) No talk of further Reg D financing even though the company has operating capital only through June, 1998; And so forth. I agree with Wahoograd, that it would be nice to get news out ahead of the convention, but also agree with him that more knowledgeable individuals are likely making these decisions with much more information at their disposal. Also, I have in the past hypothesized that WAVX may want to tightly coordinate major news with NASDAQ re-listing and announcement of a secondary offering. NASDAQ likely wants to see both OEM deals and a current approved registration statement (the S-1). There could be some minor hold-ups in one or more arena, thus delaying a major press release. Again, only my theories and admittedly somewhat speculative in nature. Hang in there. Pure Folder