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

To: Kevin who wrote (5179)	1/29/1999 9:26:00 AM
From: Klingerg	Read Replies (1) \| Respond to of 11417

TO ALL:RE Bridge Loan.....Remember the key phrase-(((...))) "....The $2 million bridge loan bears no interest and was provided by a private investor. (((((Wave has the right to prepay the bridge loan at any time until July 26, 1999)))), at which time the lender would have the option to convert any unpaid principal into Wave Convertible Preferred Stock. As compensation for providing the non-interest bearing bridge loan, the lender was granted warrants to purchase 275,000 shares of Wave Systems Common Stock....." Wave should have financing before then which means this bride loan should be taken out. The only dilutive effect would then be the 270,000 warrants and in that we do not have a term sheet we are unaware as to the extent of the potential dilution. Everyone should watch SEC filings as regards this bridge loan. Again, I am encouraged as to Sprague's comments printed after re-listing language '.....''Though the timing and outcome of our application remains uncertain and subject to a variety of factors, the Board of Directors determined it to be in the best interests of all shareholders that the Company pursue an application for listing at this time.''... '. Go back and read the Wall Street Transcript Article of August and the theme of getting re-listing is emphasized. It's appears to be major goal of the Spragues to get the stock re-listed for the shareholders sake and to attain the "Market's Seal of Approval" that Wave is a real company. Some of us already are betting this is the case but it takes a bit more for the "thundering herd" to reach this same conclusion.That's why YOU are reading this and THEY are wishing they had bought AOL, Amazon, E-Bay.....