Second Wave Petroleum Inc SCSZF

RE: Present for Hopen

[idleSpeculator]

Hopen, If still own shares, here's your chance to get some revenge on Frank and Pat. They failed to put out NR's as to what was going wrong with business They sold millions of shares despite having significant insider information, claiming it was to pay auditors. They have not paid auditors, kept the money, (which therefore would appear to be blatant insider trading a la Martha Stewart) the compnay is halted and you have all but lost your stake becuase of their failure to inform you of material events that have occurred this year. (Don't mention you would not have sold no matter what people wpould have told you, doesn't do your case much good). On insider trading, I don't see that they have a leg to stand on unless they very quickly do pay the auditors and sort current mess out. They may even be personally liable, at least up to the value of the shares they sold if is is insider trading. See my original post below from last week for more details for SEC ----- The management has not released any NR's about; 1) Loss of Brazillian Wave Tours 2) Transit Not using system anymore 3) That VacationWOW no longer use a hosted Vivo, but instead Host their own 4) Any of the problems that have ended up causing the above or the shut down of Vivo systems servers 5) Failure to release Interim Financial Feb 01 (We / I know all of the above frm simply watching relevant websites) Point is; a) All of this info is material b) Manageent knows all of the above c) We have seen Pat and Frank selling around 1.5 million shares each while this has been going on, while they had intimate and detailed knowledge of the situation. Frank and Pat have told some investors they were selling to raise money for the audit, this is a completely legitimate reason. However, if the accounts are not filed (they are now late), a halt is called, and if the auditors were not paid there is a strong case to be made against them for insider trading. So Hopen, if you see a Halt because accounts are not filed, there is the info you need to make your case and report to the SEC. It may prove a pyrric victory, as there will be no damages payable from the company becuase of it's financial situation, you will see a note on this in the rules I posted couple of weeks ago. Good Luck