Thank you for knowing how to total that all up and sharing it with us. Then, that leaves 5,720,975 left to be committed out of the 120,000,000 authorized. Now, I hope the PRE14A, page 17, explanation of the needs for the additional 30 Million authorized is more reasonable to everyone. I feel better aboutit.
Unclever, well said, I wasn't going to bother doing the numbers again, but what you've come up with largely reflects what I believed to be the case. Oustanding is different than fully diluted with all options, warrants etc, included. Each of the last few placements has millions in warrants attached which are NOT part of the current outstanding. Will they ever get excercised? Who knows. But Wave must manage their share treasury responsibly.
All those shares that Unclever post totals aren't gonna be needed 'til 2015 or so...the addition done in the post to which I reply is a rather very MOOT point.
READ THE PROPOSED PROXY, and see for yourselves WHEN these o-ptions come due.
According to the cheerleaders, we'd be in the multi-BILLION $$$ valuation by then. SO...THAT leaves the discussion centered around WHY mngmnt feel it NEEDS to authorize these shares...sounds like sks was badly mis-judging just exactly how LONG this little runway NEEDS to be, and they are attempting to possibly line their pockets in the event that the runway doesn't get built in time.
THINK ABOUT THIS, FOLKS !!
THINK...THINK...THINK about WHY mngmnt feels the need for these shares.
Good... very good. I just wish that mgmnt would say this. I'm still NO until something substantive is shown to me. I really felt pi$$ed on when I learned of the PP after the last CC... Snackman, Doma, Eamonshute(???), EVERYBODY is doing much of the work (IR wise) that's management's responsibility. All IMHO. I really hope that we can move on to other things (DD) until we get closer to the SHM. Hopefully SKS and the BOD will take heed and share some insite between now and then.
We waviods owe a great deal to those who put a lot of time effort and thought into this company and board. What a great group of people we have here. Win lose or draw its been a pleasure to be associated with such a fine group!
Unclever, thanks for this. If you are correct, and I would anticipate you are, I guess I am just surprised, very surprised, that the company is nearing the wire again.
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