edit2: would it be illegal?
for select "accredited" investors to be privy to material non-public information (such as a PP, its terms, dollar amount, prices & date of announcement) & then trade their allocated shares (or warrants) ahead of the market? (edit: yes, before i receive some pedantic school marm prattle about how the shares are not yet effectively registered, i am referring to the much-posted about short-against-the-box theorem)
IMO a PR stating Wave is seeking funding before the year-end released in conjunction w/the "best CC ever" is insufficient public disclosure to permit these select few "accredited investors" to trade ahead of today's release.
unless of course it is a coincidence that wavx traded right down to the PP price before the public was notified...
it was a coincidence, right?
good thing wavx ain't marginable in most parts b/c this "coincidence" prolly woulda hurt voids much more than the mere loss of $53mil in market cap.
but i'll bet SlateColt is not happy w/the price he sold @... he deserved much better than this outcome after a half decade of waiting...
i know, i know, nobody put a gun to his head...
yep, just a coincidence.
let them eat cake!
edit: what hauppened to riptide2004's profanity laden response? it's in my mailbox but never made the board... Snack is your trigger-finger really so fast that it never made the board?
edit: if sprague devotees claim BF's posts are repetitive, assuredly the following post must be similarly characterized, irrespective of its "feelgood" tone.
edit2: wasn't referring to FD, but rather 10(b), among other relevant secs. the "coincidence" seems to frustrate the very purpose & underlying public policy of the Exchange Act.
