Wave Systems Corp. (fka WAVXQ)

[Escrow56]

While I am on a roll. If you continue the same 20 percent growth into 2011 you get 16.5, 19.8, 23.8 and 29 = 87 million for the year) subtract out 7 million burn per quarter or 28 million for 59 million earnings or 80 cents a share. 80 cents times 25 equals 20 dollars a share and of course at 50 times earnings you are looking at an end of 2011 share price of $40. Sooooo, somewhere between 20 and 40 dollars is my by end of 2011 price figured at 25 times the following years forward looking earnings per share. Again this assumed a continuous growth of 20 percent per quarter. You can argue ridiculously high or low depending on your outlook and adjust the numbers accordingly. I hope I have not made any errors but know that if I did I will certainly be called on it and will appreciate the correction. Thanks. Actually, just checking I believe this is the end of 2010 price. The above numbers would be the 2011 quarterly numbers. These would be the forward looking numbers at the end of 2010, therefore I am corrrecting myself and confusing everyone else.