Yes, they did set it up so they could always maintain control. The B shares have five times the voting power the A shares have.
Peter Sprague told me they set it up that way to prevent a hostile takeover--and I swallowed that lie right up to the bobber.
It looks like there are few, if any hints and allusions of big wealth to come from Wave. Now, the company is trying to pretend it is a valuable enterprise that will bring top dollar.
That is nearly as ridiculous a proposition as thinking Wave has a straight path to ubiquity because of its special patents and technology. Whatever Wave has, the rest of the world seems to want none of it.
What is the value of a company that can not seem to sell any of its products in quantity anywhere in the world?
The excuses and rationalizations will continue to flow, IMO, until someone pulls the cork on this exercise in futility. Until then, the thrashing and death rattle will distract us from the inevitable--not far off, IMO.
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