Wave Systems Corp. (fka WAVXQ)

[SPIN]

i would consider any SEC formal investigation to be "scandalous."

scan·dal    ( P )  Pronunciation Key  (skndl)
n.

1. A publicized incident that brings about disgrace or offends the moral sensibilities of society: a drug scandal that forced the mayor's resignation.

2. A person, thing, or circumstance that causes or ought to cause disgrace or outrage: a politician whose dishonesty is a scandal; considered the housing shortage a scandal.

3. Damage to reputation or character caused by public disclosure of immoral or grossly improper behavior; disgrace.

4. Talk that is damaging to one's character; malicious gossip.

http://dictionary.reference.com/search?q=scandal

obviously the Commission concluded that after conducting a four month long informal inquiry that there was enough substance to upgrade it to a formal investigation. whether Wave receives a "Wells notice" remains to be seen.

having followed this company for over 5 years, i'm of the opinion that if the SEC *did* determine there was wrongdoing (criminal &/or civil) & the PPers sued & the company couldn't afford to defend itself & elected to file, or was forced to file for protection from creditors, some people would still be here, gripping their shares tighter than ever & still talking about how everything would be great in just a few more quarters.

IMO there are people here that would hold wavx no matter what happens as it is so intertwined w/their identity that they simply couldn't bear to be w/out it. i'm here b/c of some of the things i've observed about this company (as well as some of its shareholders) over the years & believe it warrants commentary & b/c i remain interested in how this all unfolds.

no person has any more "right" to post here than any other person, irrespective of whether you agree w/their opinions or not.

definitely not here to "save" anyone...