Until explicitly and definitively informed differently, I'd assume that all authorized shares will be used in 2013. This will result in 2012 WAOS in 2013 around 115M, unless more shares are retired.
At this point, if it were up to me, the company would issue a statement using that as the worst case scenario conservative assumption for 2013, coupled with a statement that all efforts to find alternative financing are being pursued. Additionally, should the company issue new shares, it will do so as opportunistically as possible.
So,it would take revenues of $290M with margins of 40% to result in $1.00 per share.
Personally, I think margins will be lower; am hoping that revenues can be higher. If we get anything in this neighborhood, coupled with the absolute end of share issuance and the cash flow positive corner being turned -- and trading in Sweden -- hard to see how there aren't huge rewards for shareholders coming, post this credibility crunch.
