So, $5 million for Q1 2008 is a realistic, conservative figure. If it materializes, you know that Wave would no longer have that "survive as an ongoing concern" statement attached to it. We shall see. Wave would need to post $3 million for Q2, $4 million for Q3, and $5 million in either Q4 or Q1 2008. Basically, the $15 million bought them this time. Now, they need to show this type of quarterly progression. Investors will have, yet again, some forgiveness with the progression. If Q2 comes out at $1.5 million, that's OK as long as Q3 comes out at over $3 million at least. If you don't see at leat $3 million in Q3, which is supposed to have FDEs in it among other things, then you know Q4 won't come in at between $4 to $5 million. And you come to this conclusion by just looking at the past revenue history from just a simplistic analysis of reveune growth over the past many years. Realism will sink in again and that $5 million breakeven by Q1 2008 will seem unattainable after the Q4 numbers come out, if they come out under $4 million. Perhaps a miracle happens and sales all of a sudden materialize and Q1 2008 is a blowout. Who knows. But this is the way I see it. Anybody else agree? Any other scenarios pictured?
The funny thing here is that we're only talking about millions of dollars. And this is in the multi-billion dollar computer security space with the newest security solution introduced to the market that is touted as the best solution and will protect hundreds of millions of computers from all types of security threats. This is almost preposterous that Wave can't make $5 million!!!!!!!!!!!!!!!!! That makes me think that they have to be doing something absolutely wrong if they can't make $5 million by Q1 2008!!!!!
Joe
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