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 @ <A HREF="http://www.wavetek.org" target="_new">http://www.wavetek.org</A> - a really nice "unofficial" site that describes the basic infrastructure (developed by a s/h "2bStealthy"). regards, SPIN