Wave Systems Corp. (fka WAVXQ)

[TonyMcFadden]

2bs, I can't remember. Were you around when the financing was announced? (I'm trying very hard to be polite).

Prior to this financing, Wave Systems had 51,781,918 shares of Class A Common Stock outstanding. Under the purchase agreements, Wave Systems has agreed to solicit shareholder approval authorizing, in connection with the sale of the Series H Convertible Preferred Stock and Warrants, the issuance of any amount of Class A Common Stock to the investors in excess of 19.99% of the Class A Common Shares outstanding as of the closing date. Any amount in excess of 19.99% will be redeemable if shareholders do not approve the issuance of the stock.

http://biz.yahoo.com/bw/030430/305849_1.html

This has been discussed and discussed ad nauseum...