ChancetoSee, I just reviewed your numbers. Several things stand out to me. 1)You project upgrades at 6k and 9k for 4Q and 1Q. If I remember corrrectly, SKS said that upgrades for October almost equalled all of 3Q. That would be about 10,000 for October alone. And he strongly hinted that the pipeline was pretty full of new business. Assumming that to be the case, 4Q should add up to about 40,000 upgrades: 40k x $60 each is $2.4 million. 2) Your 12k and 16k of FDE sales is only 0.05% of the Dell Es sold in both 4Q and 1Q. Do you think Seagate will drop the FDE product line soon? I don't and I look for FDE to spurt to 5% of so by 1Q, and 3)Perhaps the private placement dated 12/26 was needed regardless of the CFBE in 4Q because Wave still owes $6 million in Accounts Payable and one or more of those creditors just might take some damaging action if significant payment(s) are not forthcoming soon. Wave needs all the cash they can get.
Anyway, we are a little ways apart in our analyses. I also do not think it matters too much what our numbers are. It is just a peace of mind thing.
When will we get the real story? Anybody know?
hnstabe
