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DragonWave Inc DRWIQ

DragonWave Inc is a Canadian company which provides high-capacity packet microwave solutions that drive next-generation IP (Internet Protocol) networks. It operates through the single segment being Broadband wireless backhaul equipment which includes embedded software. The company's product line includes Harmony, Horizon, Avenue, and NetViewer. The company operates its business in Canada, Malaysia, and another region. The majority of the company's revenue comes from Canada.


OTCPK:DRWIQ - Post by User

Post by barneyj44on Mar 15, 2017 12:54pm
219 Views
Post# 25982939

Sabby Management LLC reports 7.04 percent passive stake in

Sabby Management LLC reports 7.04 percent passive stake in
Dragonwave, I don't know if this is a good thing or bad thing: SEC Charges Sabby Management LLC for Short Selling Violations in Advance Stock Offerings Oct 14 15 The Securities and Exchange Commission announced enforcement actions against Sabby Management LLC. The firm agreed to pay disgorgement of $184,747.10, prejudgment interest of $2,331.51, and a penalty of $91,669.95. Intended to preserve the independent pricing mechanisms of the securities markets and prevent stock price manipulation, Rule 105 prohibits firms from participating in public stock offerings after selling short those same stocks. Through its Rule 105 Initiative, which was first announced in 2013 as an effort to address violations of the rule in an expedited and streamlined way, the Division of Enforcement has taken action on every Rule 105 violation over a de minimis amount that has come to its attention--promoting a message of zero tolerance for these offenses.
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