Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Wash68

While I am certainly not supportive of someone who is shorting a company that I am invested in, there is sometimes information or issues raised that are worthy of understanding.

There is little doubt that the current Board is not as independent as we might like and that often compensation arrangements are more conflicted than they should be. This is not unique to wave as the massive options backdating scandal impacting many other companies indicates. And of course hedge funds have also corrupted the process through illegal deals with borkers, writers etc.

Still that does not mean we should simply ignore anything that Wave's Board recommends and implements. I am interested in understanding the rational for the stock grant guideline increases. If the amount of stock available and its price are adjusted following the split, why should everything be increased by three. I am not following the math even though there are lots of threes being thrown around. Is this is basis of a poison pill which I might support by the way.