Wave Systems Corp. (fka WAVXQ)

[Snackman]

In the past 18 years, how many times have they issued 1.2% of the company to someone in the form of options? How many times at .5%?

They are not going to do it. Wave was told the 1% is a good figure to have as a number, that other companies are at that number. They have no intentions of giving someone 1% of the company per person per year. It's not going to happen. It's just a number.

Yes, they could have used 300,000 or 400,000 but they just did not think that the 500,000 was going to upset so many people, especially when they have no intentions of doing so. It was just a number to them, that brought them back to the number they use to have in 1998.

But, as you can see by the voting, 2/3 of the vote are in, according to our survey, so this discussion is rapidly coming to a close, and we can get on with our business.