Interesting tidbit from WAVX's 10K...
which takes a little piecing together with the 10Q of the prior quarter, since the 4th quarter's results are not stated separately.
WaveXpress revenues, Q4, 2004 - $9,906
WaveXpress expenses, Q4, 2004 - $634,354
WaveXpress NOI, Q4, 2004 - $(624,448)
Based on a 13 week quarter, that's $48K per week the company is squandering on the never-ending money-pit that is WaveXpress. Assuming a 5 day workweek (and pardon me while I snicker just a bit), that's almost $10K a day this company is pissing away on Peter and Michael's ridiculous gig. I think even the Rigas family would be ashamed of this endeavor.
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