alea, it's not a story. there is another word for it. and of course it's totally false.
pp guys are not interested in investing in wave. they're too smart for that. they do this to make money. the pp shares are sold short in advance of the pp announcement. this way they're guaranteed a profit and there is no risk for them.
and they would love to do 5M or even better 20M, it's all good, and Wave needs money so they would love that too, but they just can not orchestrate this big of a pump and dump, can they? 5 years ago they could. can they do it today? i don't think so, but we'll see.