Such worst-case sagas can't be repeated enough. A very few people are just wired up wrong, perhaps from birth, to be investing. Like born alcoholics. This guy seemed have owned only one stock and he utterly fell in love with it. He kept averaging down, and that killed him.
He'd be alive if he held a sensibly diversified portfolio. Also note that WAVX started out on the Nasdaq, but became a penny after the Dot Com crash.
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"Bar: It was deadly for one longtime Wavoid who at one point owned a million shares and would not listen to those of us who cautioned him.
About the time of the bankruptcy, this Wave investor called one of the 'leaders' of the cult and asked if there was any news. "No" was the answer. A short time after hanging up from that call, he took his own life, leaving a whole family grieving.
I am sure there were others. I have had three friends die while waiting to receive their cascade of riches from Wave. Their deaths were not related to Wave, rather it was the 20 years of waiting for Wave, while serious pathogens worked their deadly way into them and brought them down.
I seriously doubt there will be much in the way of further revelations about what happened. I think the lawsuit is dead in the water, IMO.
Those who took so much from so many, based only on blatant lies, will get away with it, it seems.
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