The PP (as claimed) is simply a deliberate fleecing of current investors.
If somebody approached Wave as asserted and wanted to invest a million dollars but had concerns about driving the SP up then Wave can accommodate that. Wave simply gives them the number to the ATM representative, the ATM privately negotiates the transaction as stated in Wave's SEC filing regarding the ATM facility, Wave approves the negotiated sale and wallah ... it's done.
If however Wave wanted to move unregistered shares, and a buyer wanted some warrants and so on ... then one gets this sort of thing.
It has nothing to do with things affecting the SP. That claim is false.
IN order for it to NOT be a deliberate fleecing of current investors, Wave must have needed the money, and efforts to get the money through they ATM didn't look good, and an investor strapped Wave to a barrel and rolled 'em.
The notion of driving the SP up is simply false.
The above content is my opinion.
