You can disagree all you want but your assertion is incorrect IMO. It would be illegal to “waive an option” in a formal SEC filing and then enact the contrary. This is a legal binding document. For fun… google “waive an option meaning”. It states, “To relinquish (a right) intentionally”. SNPW has therefore given up its right to implement an RS via that 8k. They would be required to file another 14c first in order to do so. My opinions.