Msg. 14229 of 54959 (This msg. is a reply to
14228 by
Cactus Flower)
Jump:
Good theory CF. One would hope (as we opined) that Wave was lining up funding while it awaited their NAS review. The day following the listing retention - BINGO - financing announced. I (we) speculated that they needed funding and it should be accomplished prior to Q2 results. I bet you're correct. If so that also would explain warrants were'nt required as the investors made out quite well. Plus Wave got a better deal and investor pain was lessened. I suggest that because I saw no way the $1.50 SP would hold anyway - I sold some that day at $1.33 (too early) but worked out eventually. This morning I placed a bid at $1.25 which doesn't appear will fill today.
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