not meant as a pejorative Zen...
anytime a stock jumps five-fold in 2 days, i think it is quite fair to call the PR a "pump" w/out it necessarily meaning anything untoward.
again, if you polled a group of investors from outside this particular fishbowl, i suspect a resounding majority upon viewing a wavx 6 month chart, the PRs & the fact that more than a half million shares were sold by Wave employees, would more likely than not consider what happened was a "pump and dump."
if observations like this are "sandpaper" to you, my apologies. i could certainly make the same claim about yours where you endorse a company misleading its investors for the sake of a machiavellian effort to keep the company afloat.
PP investors usually make out like bandits so why wouldn't your well-heeled friend wanna piece of the action?!?
but those shares have to be registered by the SEC... i don't know the Commission's policy as it relates to allowing companies under investigation to print millions of new shares every quarter, but i hazard to guess that it ain't wave friendly.
that's a big problem Zen -- if Wave can't float 7 million new shares they won't be in a position to pay expenses irrespective of how many friends such as yours are willing to play the PP game. the willingness is irrelevant, it's whether Wave will be permitted to register all of these new shares that is a predicate to receiving the cash they need to pay the bills.
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