Waves' management has done many things to keep the picture in the shade, instead of keeping many things out in the open where they belong!
wavxmaster, do you, or anyone else on this board, realize that from 1997 through February 2006 there were something like 19 financings? Feel free to correct me, but I think that is the number. Of those financings, there were two where there were not full disclosure of the participants.
In April of 2006, I wrote Collins asking what I was missing in finding those partipants of those two financings. He totally shined me on, writing: "Not sure. If it's not there, it wasn't disclosed for some reason; investors generally prefer to be anonymous. I do see that data in later filings." I asked again, "Are you implying that even though all the S3s were amended with S3/As with lists of the investors, as were all the other 8Ks that this reporting is at the prerogative of the purchasers?" And he responded with, "As I indicated, I'm not sure why there's a difference and/or if the investors were ever disclosed in those financings you referenced." Just go away Dolly Dumb, go away. I wrote Feeney, twice, asking if I was missing an exhibit, and was never responded to.
Btw, this was the same time that Thorp and others who had participated in Wave financings were getting in trouble and I was posting on them. In fact, after no response from Jerry, I wrote to Stephen Sprague. I asked why I couldn't find the data on the participants and included articles on Thorp, offering to send articles on Langley, Alpha Capital, Deephaven, Gryphon, Alexandra, Baywatch... and a tie in with Tonga and Anegada as well.
Adding:
Steven, there are two instances where an article appeared calling a firm into question – and still JPC Capital placed shares with them. The most notable is Alpha Capital. How is it the JPC Capital placed 2.8m shares with Alpha Capital and 520K warrants February 15, 2006 when it had been revealed January 24th that they were in kahootz with BAWAG? And why is it that we paid Alpha $35K for their due diligence on this very transaction? The other that I’ve noticed is Deephaven Capital which was in Wave’s 2004 financing, but had been implicated in death spiral financing in a 2003 article.
Just thought he'd want to know who Wave had been dealing with.
I never heard a reply.
In May of 2006, May 3, Wave's next financing was the first with SRA. Wave has had four now. In not ONE of these financings have the participants been revealed.
I'm not saying they "have" to, because the SEC says they do not unless the participant holds or purchases five percent, but why the change in transparency? It is transparency and full disclosure that Dave Nadig and others in this company purportedly support.
Maybe they didn't want to know.
Or... maybe they don't want us to know.
I don’t know.
Just saying... it's curious. No more transparency.
Then Calvin Hori calls...
Unclever
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