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Dory

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Dory

Re: Escrow56 post# 180484

Friday, 07/17/2009 10:57:40 AM

Friday, July 17, 2009 10:57:40 AM

Post# of 250086
On the plus side, assuming Wave is at or near CFBE for Q2 and income is even higher in Q3, Wave should also have a nice healthy balance sheet in Q3, in addition to a profit. Wave will be in a position to invest the profit in business growth, instead of using it to pay off debt. The Street should recognize this and the shareprice should reflect it.

But I am curious as to why Wave went with a different investment banker. Was SRA suddenly uncooperative? Did Wave become unhappy with them? Did the new banker outbid SRA for the job? Is this good, bad or neutral?

Cheers,

Dory
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