Wave Systems Corp. (fka WAVXQ)

[mymoneybgone]

RWK and all the other wavoids who say the RS dosen't harm shareholder value........


A reverse split is never a good thing. It is a damn near a last resort to keep a company afloat on market where it's trading can be regulated.

It gives the impression of a company in a week position. I contend this has harmed the company before and will harm it going forward.

This perception is what allows the company to be so agressively shorted- you cannot deny that.

It allows the company to continually fund the company on the backs of the shareholders.

It has funded unearned bonus money for years-issuing shares and then having that money pay bonus. The dillution allows the impotent BOD to be compensated to the tune of 70,000 shares a year if what I read was incorrect, while Bershire Hathaway pays its BOD 300 in cold hard cash for an in person appearance at a meeting or 100 if by phone.

Have these dillutions extended the runway? Yes in deed, and I think it has also been applauded and welcomed by the in too deep such as yourself.

This same behavior and action- which by the way in case you guys forget have been necessitated because the sole fundtion of the company which is to make itself solvent has been missing since day one.

And any wavoid worth their salt cannot deny actions such as these have delayed, even allowed the company to take any serious look at how they could go forward without using the shareholders as their financial crutch.