Wave Systems Corp. (fka WAVXQ)

[awk]

SPIN: Facts?


You write:

"...the reality is that the company is under investigation for possible stock fraud & insider trading. you can disregard it all you want, but that is a fact. moreover, there is an absence of disclosure of the majority of the class action claims filed which presumably requires an amended prospectus, at minimum...



From Wave's SEC PR:

http://www.wave.com/news/press_archive/03/031218WAVX.html

"...The SEC's investigative order, received by Wave on December 17, 2003, relates to certain public statements made by Wave during and around August 2003, as well as certain trading in Wave's securities during such time. The SEC has not concluded that there has been any wrongdoing, and Wave is cooperating fully with the SEC on this matter..."