Replies to post #142449 on Wave Systems Corp. (fka WAVXQ)

[zen 88]

Wildman- Do you even know the deadline

for submitting a vote? Everyone can't attend the meeting. They are 'springing' this on us, IMO. Seems like the ASM will be less than two weeks after the next CC. It's little nuances like that have me saying no, no matter what.

[mymoneybgone]

Wildman shareholders CANNOT lose sight of this-

This is a document put forth by Wave, studied to make sure all the I's are dotted and T's are crossed. They had to prepare and present- write,rewrite and edit and then have the lawyers check it over before it is sent to the shareholders and the SEC. You cannot even compare this as a slip up, as if some sort of error in a letter to the shareholders. This is the most damn important document a shareholder to a company can receive. This is unadulterated BS for sure. This is an ultimate disrespect to every long time share holder of this company. This isn't an NDA or best guess or even missed guidance. This is OUR nuts and bolts manual to the financial guts of the company we own. I cannot buy for one second this wasn't intentional.

Dave

[Weby]

Hi Wildman

Guess we ought to have that CC before the proxies are sent in.

I'll listen to Scorpio now about the dangers of voting no. I don't give a hoot about the cost. I do care how this ERROR was allowed to happen. I do care about the reputation of the company....Will it gain or lose respect on the street if there's an SH rebellion over option compensation. (If it's positive then it's worth the cost in PR and marketing alone.) If it's negative (there go the crazy wavoids again it could seriously damage the share price.) We need a new hire to oversee Quality control and Math.

The real problem here, as always, is the lack of accuracy of management time and number projections. When I first asked, Why Now? I figured it might be something like this. Well, That's been answered.

My question now is Can SKS come up with a plan to meet this reaction and turn it into a positive?

I'd urge us all to give all the smart folks here time to turn this into a win-win. The screaming should stop and some good can come out of all this angst. Let's see if Trust can be really built by actions on all sides.

Right now, I can see myself voting either way depending on the words and actions of management. Let's all take a deep breath.

[UncleverName]

Wildman, yes, the shares were adjusted by the split. The maximum was 500K, the reverse split put it at 166,667.

[Wildman262]

For example, can sks state with certainty that this 21M share request will take them to 2014? What if they blow threw it by 2010, does that mean they come back asking for more? Or having gone thru all 21M, does it mean the company is doing a billion in revs. and perhaps made a large acquistion in 2009 and has thousands of employees that get options?

If 21M are spread out equally over their life of the plan until 2014, it's about 3M a year.