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Re: I had a nagging idea

By: Down And Out Man in ALEA | Recommend this post (0)
Fri, 06 Jul 12 8:15 PM | 79 view(s)
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Msg. 08877 of 54959
(This msg. is a reply to 08876 by tkc)

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tkc, I've long said I pretty much expect current WAVX common shares to eventually be nullified. Whether "the company" is eventually successful or not.

I have seen such stories close up, many times in my 35 years of stock market investing and trading.

I certainly don't know for sure what THE FAMILY has planned, specifically. But can rest assured they will be looking out for their own best interests.

As usual.

D&O




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The above is a reply to the following message:
I had a nagging idea*
By: tkc
in ALEA
Fri, 06 Jul 12 8:01 PM
Msg. 08876 of 54959

that what the Spragues have recently (Oct '11) done and have escalated since is actually the plan. Recognizing that the core business was not going to be accepted and might contract, they then had family create Scrambls promoting the heck out of it to excite Wavoids, keeping them in line. Having done that, they kept absolute control @ ASM. Then with forethought and purpose drained as much as they can from Wave to family and friends. With delisting eminent, coffers empty, sales dropping and expenses where they are - the share price may well continue south. But they don't care, it's not their money. WAVX, with no money to meet expenses, they plan to declare BK, seeking protection while they reorganize selling Wave's assets for pennies to a newly established tightly held corporation. Not at all out of the realm of possibility.


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