Wave Systems Corp. (fka WAVXQ)

[1WAVOID]

Re: Dinner meeting

My position is that SKS is in the process of promoting the proxy as set forth by the BOD...campaigning, if you will, for the shareholder-approval for the additional share authorization. He knows very well that any info discussed during this dinner meeting would most probably be released to the general community thru this message board. I believe that management knows the effects of using these boards for the desimination of info, and the legal ramifications involved with this method: he feels save and within legal bounds doing this. SKS knows our community, and supports it...and I believe he & PJS credit this community for keeping Wave alive, especially during the days of BB.

To aid in this campaign for votes, some info released here, as related by others from SKS, that I find being very close to being illegal to discuss at a private dinner table:

( ...and the legality issue is as I understand fair play; I'm not a lawyer, so this is all my opinion )

"He said that some insiders have been trying to buy for the last four months but their lawyers have not let them do it because with material news coming out it would look like they bought on inside information."

My recent imbitterment comes from the recent financing that took away from us shareholders about 19% of our investment, and leaving us with the need for more financing to come...most probably with at least a 19% dilution. SKS says he wants to do it with no dilution...that, folks, is friggin impossible. However the monies arrive in our ( Waves' ) account, dilution will be the net effect. If an asset is sold, we lose value; that is dilution of our investment.

There was, and is, no reason for this predicament if the " demo's " ( WaveDirect, MyPublish, and most noteably Wavexpress ) were to have been properly monitized to effect the deployment of our major thrust into the " net-monitization " movement...trust on the client side. Managements' eyes have left the ball...heck, the eyes were never on it; they were trying so hard to hit the home run, that they forgot that the guy on third was the winning run and a poke out of ther infield would suffice. That mistake is costing us a lot of money now, and lost credibility on The Street.

When you're trying to disrupt the masses with this new stuff, a back-up to a back-up to a back-up is required. I put my money on the BOD, PJS, and SKS to have had those back-ups...they don't. As Lark was overheard to say at the bar, after a SHM: "...with so many lines in the water, we're bound to catch SOMETHING. "

Well, somebody forgot to bait the hooks, we're lost at sea, and the gas money is awfully low.

Dave...thanx for the reply...just read it.

keV