DIG SPACE: Nothing new here...
nothing much new to say. My sense is that the recent PRs put out by WAVX--mainly development deals, contracts to do this or that, blah, blah, blah--signal one thing: There aren't any actual SALES. Which should come as no surprise, since there is zero evidence that "enterprises" are adopting this technology. I continue to believe that TCG will merely become one in a string of do-nothing-that-matters organizations that mainly exist to protect members' turf (a la FINREAD and Cyber-Comm).
Revenue estimates, especially those put out by our esteemed colleague Go-Kite, are going to be way off the mark. For one thing, the $340,000 in deferred revenues from that contract announced at the end of Q3 are not necessarily going to be recognized in Q4. In fact, they almost certainly will not be. I look for a miniscule portion of that amount to come into the revenue stream in Q4.
I frankly will be surprised if revenues top $100K in Q4. Which, of course, will not deter so-called executive compensation committee from granting more fat bonuses to the incompetents who masquerade as officers.
Now, back to the salt mines...
