SPIN- re: Failure to disclose negative info
You are correct in your analogy of the ImClone debacle, but honestly, that is light-years away from anything Wave could be remotely guilty of. What were they supposed to say in the PR, "We have this monumental, long awaited validation from Intel, but we have no idea how much money it will ever generate." I've never seen anything like that in a PR. They did state that Intel was under no obligation to include Wave's tech with any specific number of mobos.
Also, I think the officers knew what the shareprice would do, weeks in advance, and planned to legally profit, while also benefitting the bare coffers. Above board, last I checked.
Awk is right, the research in to this went about as far as handing the SEC PR to some flunky, and telling him to start a class suit. The 'market' knew this was a real deal. That's why we didn't get a 60 million share day after the PR of the Envoy launch. IMO, Wave is a victim of both it's checkered past, and it's huge potential.