edit: i see what yer getting at... my apologies, he was part of the subsidiary. sorta like how he is now part of the Wave subsidiary WaveXpress? do you consider Peter Sprague to be a Wave Systems "insider"? or better yet, did you consider him to be an insider last August? if he was/is an insider, why hasn't he filed any disclosure of his sale of a reported 500K shares of wavx last summer? edit: it was not "intentional" - the securities fraud complaint reads as if he was Chaiman. btw, i think they settled it recently...