Replies to post #29713 on Wave Systems Corp. (fka WAVXQ)

[Down And Out Man]

SPIN, thanks for the reply. One question?

Six months to a year? Is that fairly typical? The one I just received a check for in December was based on a purchase period in early 2000. Y2K!!!! (It took til July 2002 to complete the settlement, and another year and a half to distribute the money!)

TIA,

D&O

[Mighunter]

Spin, I agree. Class certification under Rule 23 is pretty much a given and like I've said before, if the class is certified the likelyhood Wave will settle is in my mind near 100%. The only question is how much and will Wave survive.

The wildcard in all this is the SEC investigation. If the SEC holds it's hand close to its vest as usual, it will have no impact on these suits. But if Wave can somehow get a clean bill of health out of them, those suits will be long gone but only if they aren't settled beforehand.

Time will tell, but my bet is that Wave will settle for pennies and the only ones who make money will be the attorneys.

MIG