I agree with your scenario and it has been repeated many times.
But the point of the discussion was whether the "release" of false "information" to certain insiders would constitute grounds for a lawsuit.
Yes, it does apparently violate Sarbane-Oxley.
My point is if the "inside info" was all bogus and cost the 'insiders' money, it seems less likely the suit would prevail.
Yes, the shorting of the placements was laid out in public by SKS. At the time he said it, it was said with such naivete, IMO, I don't think he understood (or cared) funding the company with placements inflicted much loss, repeatedly to the most loyal shareholders.
Player, in my nearly 20 years watching Wave, the shareholders were given warm words of praise, month after month, but when it came time to actually do something for the shareholders--it never happened. Mgt (and the family) came first, last and always.
I'm guessing the million shares traded already today means another placement has begun.
I agree if there is no news, nothing can prop up the price. But my question is, suppose Wave does land a contract. How are they supposed to service it now they have laid off so many?
Based on that reasoning, I just don't see how they could possibly win a contract at this point, without the means to service it. In fact, I don't think Wave is even competing for contracts now.
IMO, the scenario is one of waiting and extending the execution date until the last possible moment, maintaining silence, eating up any funds left and then emptying the barrel for their big bonuses and golden parachutes.
That scenario fits precisely with exactly how Wave has been run in the past and IMO, the present.
P.S. Despite the critics' accuracy in predicting Wave's steady downward spiral, at other publications, we are still 'bashers.' In fact you are, too. It seems the supporters are still expecting a last second miracle.
It is all part of the Wave come-on, IMO--grab cheap shares now before they rocket upward. But wouldn't sales have to happen to propel the share price upward now that mere words can't do the job?
Blue
