Monday, August 04, 2003 12:15:36 PM
WLD - probably not!
there are warrants attached to previous financing that'll convert if common trades above $1.90 for 15 days that'll generate another Q of cash.
company has aggressively cut its burn rate over last 2 Qs.
co. owns the swing vote of SSPX (i think around 4-5mil shares).
co also has a subsidiary WaveXpress that has serious IPO potential.
and is beginning to book revs (soon if not already) & expects to be @ break-even soon.
Also, Wave has NO debt.
there's more -- keep looking into things. you'll find some sketchy mgmt stuff, but looking ahead the future is very bright.
AND, i've been a serious critic of the company (trust me, damn near anyone here'll confirm *that*
take a look @ http://www.wavetek.org - a really nice "unofficial" site that describes the basic infrastructure (developed by a s/h "2bStealthy").
regards,
SPIN
there are warrants attached to previous financing that'll convert if common trades above $1.90 for 15 days that'll generate another Q of cash.
company has aggressively cut its burn rate over last 2 Qs.
co. owns the swing vote of SSPX (i think around 4-5mil shares).
co also has a subsidiary WaveXpress that has serious IPO potential.
and is beginning to book revs (soon if not already) & expects to be @ break-even soon.
Also, Wave has NO debt.
there's more -- keep looking into things. you'll find some sketchy mgmt stuff, but looking ahead the future is very bright.
AND, i've been a serious critic of the company (trust me, damn near anyone here'll confirm *that*
take a look @ http://www.wavetek.org - a really nice "unofficial" site that describes the basic infrastructure (developed by a s/h "2bStealthy").
regards,
SPIN
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