Wave Systems Corp. (fka WAVXQ)

[tkc]

True enough mmbg. However, being that Wave is between a rock and a hard place the BoD still has a fiduciary responsibility to shareholders. They gotta find $ someplace and it ain't gonna come from selling shares they don't have at $.14 per. They need a big time sale or a "white Knight" and they need it quick. They are in a very weak position to negociate. I appreciate your ppoint about the B shares but fail to see how it would be the BoD's interest or their fiduciary responsibility to vote down any reasonable proposal. If,if the Spragues still controll all the B shrs I suppose it might be posible they could offer some kind of deal the BoD would have to consider. Lawyers would make all the $. That said, something must happen soon and it for sure is worth watching. Wave could always just close the doors and their employees could file for unpaid salaries against any remaining "assets." They would be 1st in line ahead of other creditors other than unpaid payroll taxes. At least I think that's right.