Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

One thing that could have helped avoid the options issue


I have been reviewing a couple of proxies I just received and what I am finding is that there is a dollar cap on the value of options that can be cashed in a year time frame. This could have eliminated this argument about the number of options issued. For arguments sake we could have voted on a 250K dollar amount per year limit for example. That would give the company the number of options they wanted and also given the shareholders some sort of comfort knowing that there would not be any quick turnaround on these options flooding the market being sold. While the number exercised at today's price would be just north of 97K per year, that figure would go down as the shareprice would increase. And if the shareprice would show a sustained increase then this cap could be voted on and raised-which would be passed, if the fortunes of this company were to head in the expected direction. This is a solution I think we all could live with.

Dave