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Vader

08/07/04 3:27 PM

#49760 RE: Snackman #49758

Snacks...This coming week!

I agree, although it's only the tea leaves that make me feel positive about the near term period.

As for the breakeven point...If it is only about covering a 4 M quarterly burn, i'd bet we're there before..however, with any degree of success, we will need to feed the furnace a bit driving up the quarterly requirements a bit...ergo, you're probably closer!


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PaulCzar

08/08/04 2:49 AM

#49765 RE: Snackman #49758

Snackman:

You are saying that significant revenues will occur in the spring of next year. It seems to me that your estimates of significant revenues (be them in your own humble and honest opinion) are always getting pushed back in time. I guess we all are doing this. It's getting kind of old, wouldn't you say? After Q1, I guess that we will be saying: "by the spring of 2006" because we still have runway (approximately $20M of the shelf registration). That runway is the only hope left for Wave investors waiting for revenues. But when will they come? Being a Wave investor and waiting for revenues is like being a Cubs fan and waiting for a World Series win.

Paul