Replies to post #126695 on Wave Systems Corp. (fka WAVXQ)

[kikaro]

So Snackman, How about anwering my question: Do you think it would have been prudent for Wavx to release news the days following the r/s?

[bbigtim]

Snackman/Just My Opinion

If we had another unsustainable runup in share price like the one following the Intel and IBM announcements, I believe that the legal sharks would be looking for any excuse to take Wave back to court. They are attracted like flies to carrion whenever there is an unusual spike in share price and volume. I think Wave usually has some discretion as to the timing of announcements. I would have advised them to hold anything big for several days unless it appeared that the NASDAQ listing was in jeopardy.

There is room for reasonable people to disagree on this. But I don't think that kikaro's speculation was as off the wall as you do.

[go-kitesurf]

Snackman,

f Wave had a material event happen they would have to announce it by law.

This has been discussed for years and years. By now you should know better.

1) there is no law for filing news. Law implies Congressional law. the SEC has rules.

2) SEC rules can easily be circumvented with regard to PRs

a) the documets are still in transit
b) the person in charge is out of the office
c) the person in charge had not signed yet
d) it is still under "final" review
e) etc

I can probably list 20 more "delays" that can be fabricated to time PRs when they wish to be released.

You follow the market. Look at the RSA show. How many news items just "happen" to be released just before or during RSA? PR timing is what Jaffoni and Collins do. It is what Trippi was spefically hired for when he consulted for Wave. I would be comfortable guessing more than 50% of all PRs are timed for release.