Replies to post #142037 on Wave Systems Corp. (fka WAVXQ)

[Ispro]

Mundo....let´s assume we hold about 25% of the float. Further lets say the institution will also vote against (what I really doubt) we have not reached 50%.

I´m sure it´s a done deal, since there are many shareholder who don´t care and vote for or don´t vote at all, which means for the proposal. What I want to express to management is a REASONABLE NO percentage to this. Further I know that they need SOME MILLIONS options to issue, but not that much.

a 90% YES would give them a "WE CAN DO ALL WHAT WE WANT" ticket and I´m not happy with anything similar to this.

The decision is not easy but some of us HAVE to say NO!

BR

ISPRO

[rachelelise]

Mundo

Management probably doesn't have the voting power because they refuse to buy and hold the stock in any meaningful amounts. The issue is that if abstaining votes are yeses then thats it. If only actual votes counted and 25% said no, it might not pass. Unfortunately I think it is the former.