kev, i'm as big of a sceptic when it comes to wave as you. but while i would normally agree with almost all of your points, the market seems to disagree. it firmly puts the sp at 4 bucks. so what are we missing? i'm afraid you nor i won't find an answer on this board. even the most loyal waivoids who post here don't have this kind of information. the only person who might drop a hint is howard, but he has not been posting for a while, has he?