Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

A reverse split is not the answer. Not after 2 prior, not after all the dilution the shareholders have suffered. This is where the DD has utterly failed the shareholder. While it has enlightened knowledge on the space it neglected to vet what mattered most and that was the company. The conclusion reach by all was that the company would succeed by proxy. The truth is they are no closer now than they were when I bought my first shares at the turn of the century.

They have been terrible stewards of the investors cash. The group that is in place has had zero success as it translates to the investors, and frankly they have had zero success in making inroads in the space in a manner that takes them away from suckling at the shareholder teat. The RS on authorizes more of the same behavior. The questions that the investor needs to ask is why do they need more time? They have had nothing but time. Even if the RS passes, it doesn't improve the customer number. Without the customers it seems they are understaffed to service a large customer should one or more come on board.

It does nothing to improve the financial condition of the company and without any thing of substance shortly after it happens the price will drop yet again.

Other than a hail mary I can't think of any good reason to vote for another massive dilution of the shareholders. Not with signed contracts in place nor the same bad actors making decisions.