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Snackman

08/11/09 9:51 AM

#181042 RE: rwk #181036

This may seem very optimistic, but I believe that when Samsung, and all the other HD manufactures are rolling, by Q1 of 2010 Wave could see revenues of 6-8 million a month or 20-25 million per quarter.

With about 80 million shares outstanding, that would generate about $1.00 profit per share for 2010. A P/E ration of just 30 would put us at $30.00 per share. It can happen.

Divide that in half at $.50 per share profit. It still takes us to $15.00 at just a 30 P/E.