i would consider any SEC formal investigation to be "scandalous."
scan·dal ( P ) Pronunciation Key (skndl) n.
1. A publicized incident that brings about disgrace or offends the moral sensibilities of society: a drug scandal that forced the mayor's resignation.
2. A person, thing, or circumstance that causes or ought to cause disgrace or outrage: a politician whose dishonesty is a scandal; considered the housing shortage a scandal.
3. Damage to reputation or character caused by public disclosure of immoral or grossly improper behavior; disgrace.
4. Talk that is damaging to one's character; malicious gossip.
obviously the Commission concluded that after conducting a four month long informal inquiry that there was enough substance to upgrade it to a formal investigation. whether Wave receives a "Wells notice" remains to be seen.
having followed this company for over 5 years, i'm of the opinion that if the SEC *did* determine there was wrongdoing (criminal &/or civil) & the PPers sued & the company couldn't afford to defend itself & elected to file, or was forced to file for protection from creditors, some people would still be here, gripping their shares tighter than ever & still talking about how everything would be great in just a few more quarters.
IMO there are people here that would hold wavx no matter what happens as it is so intertwined w/their identity that they simply couldn't bear to be w/out it. i'm here b/c of some of the things i've observed about this company (as well as some of its shareholders) over the years & believe it warrants commentary & b/c i remain interested in how this all unfolds.
no person has any more "right" to post here than any other person, irrespective of whether you agree w/their opinions or not.
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