Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

I would not neccessarily put this in that same category. Procuct liabillity stuff and the like. this was a screw up by the company not doing it's due dilligence on a company they purchased. When they found the problem and divulged it, it has left them open to possible litigation from shareholders that have received shares from the offerings from the date it was divulged.

Basically I don't think that language is going to disappear. If they do a 1 for 4 RS to take the float down to around 25M all the shares they issue going forward are subject to this language.

The company has already said this was discovered after the fact. If Safend wasn't hiding something well then.......not SOP in my opinion and the cost to the compnay to defend this even if it was to be found baseless could be severely damaging to them given there cash flow situation and going into a RS situation they open the number of possible litigants up to who knows how many fold.


Not a big deal.........

Not given the very specific description in the filing would I characterize this as not a big deal.


I didn't think they were going to the lawsuit they did a few years ago either........