IPass may be on the precipice of a new era of rapid growth as it migrates its business from providing dial-up connectivity to corporate customers to high-speed wireless networks.
However, if you are a significant shareholder of a smaller-cap company like wireless connectivity provider iPass (nasdaq: IPAS - news - people ) and intend to present a legitimate resolution at the meeting to unlock shareholder value, the cost of getting to California for the meeting would be an allowable deduction.