Wave Systems Corp. (fka WAVXQ)

[SPIN]

As a reminder, Peter Sprague publicly claimed to have sold 100K shares into the spike (in the August 2003 SmartMoney article, "Wave of Delusion"), noting that with the volume, "it just didn't seem to make any difference" (or some such excuse).

it was later disclosed that the actual # of shares he dumped was five times the amount he had previously represented to a financial reporter.

did he really think the 500K shares dump (somewhere in the vicinity of $2M) would never come out?

btw, what makes you so sure that the "untimely" Form 4 filings is THE SEC finding? isn't it equally possible that this is merely one of the SEC's findings?

what you declared to be the end may really be the beginning.

it's gotta hurt to have been buyers of those P&D $2.29 shares just two weeks ago... nearly a 50% loss.

how's that call looking now Zen?

i know, i know -- "hole digging."

right,

SPIN

PS $300K in Q revs? $urrrrrrrrrrrrrrrrrrrrrrrre -- about as likely as that phantom $5.7M DCIS contract.