Wave Systems Corp. (fka WAVXQ)

[zen 88]

Spin, since when are you loathe

to give an opinion? LOL.

Here's where the suits are flawed:

"In truth, however, unbeknownst to investors, the Defendants' statements during the Class Period were materially false and misleading because they failed to disclose or misrepresented that Intel would not be entering into a revenue producing licensing agreement with the Company, that the contract did not require Intel to purchase any software and that IBM was not embedding Wave Systems' software into IBM computers and that the IBM transaction would provide no revenue for the Company.'

It IS a'revenue producing agreement'. 50 cents, a dollar, it's REVENUE. And as you well know, the Wave PR NEVER claimed that IBM was embedding anything. That was Ellen. Two flawed points. Period.

As far as the positions being taken, there have been about three huge volume days where the price spiked, since the SEC announcement. One of those being last week. That was someone establishing, or re-establishing a position, IMO.