I see no emergemcy to increase the # of authorized shares from 150M to 190M. They have 37M left. They needed ~$6M to fund operations through 12/31/13. They've already obtained $4M leaving a need for only $2M more. 37M shares @.$40/ is an additional ~$15M. Unless they plan on falling apart they have more than enough to bring this up again next year. Therefore Proposition #4 is a NO from me as I want them to be required to trim unnecessary expenses such as Peter, Micheal and Scrambles first
Proposition #2: "To ratify the action of the Board of Directors in amending the Amended and Restated 1994 Employee Stock Option Plan to increase the number of shares of Class A Common Stock authorized for issuance thereunder from 19,000,000 to 24,000,000"
I believe this is different form the Employee Stock PURCHASE Plan which affords the rank and file to purchase WAVX shrs. at a discount. The Employee Stock OPTION Plan is primarily for option grants to Managemnet and directors. (I think this is correct) They have enough options IMO which have not yet been an incentive to get them to even be a "going concern." Probably a NO from me.
The R/S. Assuming all authorized common and prefereds shares, warrants and options split equally (including authorized but unissued) I could probably go along.
kindly offer corrections where I'm in error.
