If we had another unsustainable runup in share price like the one following the Intel and IBM announcements, I believe that the legal sharks would be looking for any excuse to take Wave back to court. They are attracted like flies to carrion whenever there is an unusual spike in share price and volume. I think Wave usually has some discretion as to the timing of announcements. I would have advised them to hold anything big for several days unless it appeared that the NASDAQ listing was in jeopardy.
There is room for reasonable people to disagree on this. But I don't think that kikaro's speculation was as off the wall as you do.
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