Wave Systems Corp. (fka WAVXQ)

[Workingcapital]

EP57,

I am limitied to 1 post per day (from days of old when I simply asked the same valid questions you and many others are asking today) but need to use it to respond to your good posts.

I am holding more shares than I ever have as I still believe that this stock may go incendiary. However, it has been much too long in development ( I say nonesense to all the people making excuses)and I can feel first-mover advantage will begin slipping away very soon of we do not move quickly now. Sure we keep our ERAS and SED position but the concept I bought into initially I beleive has become diluted. Wave is good at moving from one failed opportunity to another and I understand it takes many attempts to finally hit the mark. They more or less have succeeded with SED/ERAS but not to the financial reward I had expected with their other forays. But this area alone may sufficently fill the coffers while nuturing other concepts to fruition (if the family doesn't empty the coffers first). They are certainly now (and have been) unjustifiably over-paid. Not even close to being commensurate with corporate success. I have been voting a resounding no with my shares each year for a large # of years and will continue to do so.


As for the BoD, it's even worse. No accountability for their inactions (what the heck are they providing? at this glacial pace they have not provided any value to the company or shareholders whatsoever) however they are providing plenty of value to the Spragues by allowing them such meritless increases. I say this is the old saga epitomzing the "I scratch your back and you scratch mine" BoD debacle. Some new bllod needs to be brought on and some of the current board retired. No one from this investment board should be on the WAVX board and certainly no one from this board should even have the position of making any recommendations to same. This may be the only way this company can survive without either being acquired or reviewd by the SEC.

PS Don't beleive the "long wavoids" on this board. They have been trading and shorting this stock like there is no tomorrow and have benefitted handsomely from it. Thing is, I feel if we don't get true governance very soon, there may not be any tomorrow.