Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

If you read the filings they give the shares a par value at .01. Again I don't believe there is any shareholder approval needed to issue those shares and I believe those shares are readily available since they are not traded.

It would take an investment of less than 170,000 if they sell the shares at .01.

That would give a voting power of 65M. As I understand it there is language that states in the filings that no shareholder approval of a group is needed if it is brought forth by the BOD..in essence to vote on the group. There can be a vote but if the number of these shares are outstanding along with the number of regular shares owned by the 11 people that now hold those shares I cannot see a scenario where a sale at any price could be voted down.

I never dove into the filings enough to see if in the case of a sale if the B shares and the common shares would have a common value or not.