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RootOfTrust

09/30/03 12:25 PM

#12125 RE: cmf #12121

cmf re: POs...agreed. e/
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cpa

09/30/03 1:14 PM

#12128 RE: cmf #12121

cmf,

Since Wave has licensed the tech., there will not be any purchase orders. At least that is what Steven stated in a conference call.

The Company has enough cash to last to mid Feb., IMO. The should be working on further financing NOW!!! If they don't announce a deal by the end of October, it is a mistake IMO.

CPA