Wave Systems Corp. (fka WAVXQ)

[24601]

SPIN: I can scarcely believe you're back at this bunk, especially after the beatings you recently took on the registration process and on liquidated damages.

I sure hope you're not telling your partners that you've cited the 1964 decision in NY Times v. Sullivan for the proposition that you can say anything you want about Steven Sprague as long as he can't prove actual malice on your part. Or maybe you should tell somebody. Even if you don't think you'd learn anything by perusing the progeny of the Sullivan decision, you probably ought to give some thought to whether bragging in advance that you're protected by the actual malice standard might tend to show actual malice.