Replies to post #143449 on Wave Systems Corp. (fka WAVXQ)

[29tango]

Hi Snackman,

You stated:

"They are not going to do it. Wave was told the 1% is a good figure to have as a number, that other companies are at that number. They have no intentions of giving someone 1% of the company per person per year. It's not going to happen. It's just a number."

You may believe that they are not going to do it, but I don't. Somebody just tells them this is a "good figure" and they don't give it any thought? Thats not plausable to me.

If Wave has absolutely no intention of using that figure, then why alienate some longtime shareholders by proposing it? Is your argument that Wave just doesn't bother to take shareholders into consideration when making these decisions?

Regards,

29tango

[UncleverName]

Snackman,

In the past 18 years, how many times have they issued 1.2% of the company to someone in the form of options? How many times at .5%?

We don't know. All we know are those granted to the officers. Peter, SKS and Feeney... and Michael, as he is related. We don't know the other contracts.

I think there is something funny about the 1998 numbers for Peter and SKS, but the DEF 14A holds that 2.65% of outstanding shares were granted Peter; 2.82% to SKS and 1.33% granted Feeney (his first year - 450,000 at that time). In 2000 SKS was granted 1.05%. In 2001 and 2002 SKS was granted 0.50 and 0.48 percent respectively.

There were 11.3 million A&B shares outstanding (post split) in 1998 – 42.2 million in 2006.

Going back 18 years, as you suggest, means going back before the company was public. In 1992, 9.7% of the outstanding shares were issued as options – to whom, dunno. In 1993, 10.5% of the shares were issued as options. In 1998 it was 17%, the record.

Unclever