Wave Systems Corp. (fka WAVXQ)

[rachelelise]

helpful

So you can read that they did indeed short in advance of a PIPE (presumably constituting insider trading) but the panel couldn't figure out if this was against the canadian law (terrific panel) and then even when he signed a covenant not to short they didn't think that was so bad because he said he signed an agreement without reading it even though that particular point couldn't be more important in terms of the deal. I'm sure he signs lots of binding legal agreements without reading them. Sounds like a third world country without laws rather than Canada.