Wave Systems Corp. (fka WAVXQ)

[SPIN]

SAFE?!?

"it's a SAFE surmise that the SEC investigation is, basically, old news."

you impute a no-liability finding based merely upon the shelf filing? yes, the SEC investigation is indeed "old news," but there is nothing material IMO to substantiate this claim.

"But, the fact is, ONE common-sense way of interpreting that remark is to acknowledge a simple fact: it would, in all probability, COST MILLIONS for Wave to defend its IP."

another fact is that they already have a few issues which will necessitate significant legal fees - wouldn't surprise me if they end up issuing a bunch of S-8s to cover part or all of the fees (weeeee! more dilution).