Wave Systems Corp. (fka WAVXQ)

[svenm]

Bigtim, If I may butt in: I gave a shortened version previously of my call with Steven. He made the same points he made with Ramsey re: historical reference points. My understanding was that the 1.5-2 M issued per year was not split adjusted. On the other hand, the float was smaller initially (he mentioned 20's), then up to near 40M (similar to today's #) which was part of the rational for the increase to the same levels. Does this mean that the folks receiving options going forwards sidestep the effects of the reverse split? I would say yes, clearly. I don't see anything wrong with that, personally. It just confirms what we already know. For buy and hold Wave longs (and I am in that category) Wave has been a terrible investment thus far. On the other hand, if one felt the company was successfully re-invented and was willing to purchase very cheap shares (60-80 cents, pre-split) it wasn't very expensive to increase one's position (I also fall into that category).

And yes, Tampa, that is all my private information, but in the context of the board's discussion, I don't agree that it is inappropriate. Personally, I'm finished with this discussion. Best of luck to all longs!
Svenm