Wave Systems Corp. (fka WAVXQ)

[Robert I]

There is little doubt the options proposal will pass.

However, a sizable "no" vote will at least send the message to management that there are quite a few investors who are not happy with the terms of the proposal and MAYBE make them moderate their plans when the actual doling out of options takes place.

I remember the back and forth with the reverse split vote. When the dust finally settled, about 98% - 99% voted in favor. True, that has so far turned out OK. However, it probably sent the message to management that anything they propose, no matter how controversial, will be universally accepted. Planting some doubt in their minds will perhaps lead to moderation of their actions, which is a good thing.

As an aside, I was at the shareholder meeting on the reverse vote, and a some votes were permitted to be counted at the last minute and included. It took all of 30 seconds to recalculate with all the new votes (I believe it was done on stage by Feeney), which seemed awfully quick to me.

Anyone know who does the counting in these situations and whether it's monitored in any way?