edit3: my calculator is smoldering...
okay, take the increased # of warrants that Zen just noted (1,095,227), add in JP's 146,905 cut + the stated 3,725,263 & it STILL doesn't add up!!!
using the new warrants # i get 4,967,395, not 4,862,532 (an unaccounted difference of 104,863).
IMO something is seriously messed up w/this filing & an amendment would not surprise me in the least.
one thing seemed unequivocal in the filing, Wave will need another $8.5M (after the proceeds of this PP) w/in the next year just to keep the lights flickering.
as much as some love to post how misguided my views are, seems clear that my belief is more accurate that the adoption curve is flatter than the wavoid adoption curve, based on the ongoing need for more & more operating capital.
& wouldn't be a bit surprised if the "breakeven" date eliminates 2005 altogether & it is moved back again to 2006-07 in the next CC.
edit: 24, as much as i'd like to insult you right now, i will instead ask you yet again to explain this filing for everyone as you are certainly the smartest void in all of wavedom.
the filing does NOT add up & you know it!!!
& if anyone "takes himself seriously" ...
nevermind.
edit2: Internet, i included all the shares you referenced (incl. those for Ms. Sandra West) & it still does not add up to the figure stated in the filing. still curious about the comments you made this afternoon.
edit3: how dare you Internet?!?! are you an apostate?!?
"my gut tells me that Wave would not had been able to officially register the shares until they had been cleared..."
have wondered the same thing but the government lawyer prefers to toss insults instead of explaining it... maybe he doesn't know either?
