Second Wave Petroleum Inc SCSZF

RE: To all the Longs

[vandenp]

I've been expecting great things from this company for TWO YEARS NOW, and what I've learned is that nothing great has happened, or is likely to happen to SCS. There have been lots of small, good things, but nothing great. You can see what I mean if you take a look at their very poor balance sheet. On January 04, 2001 I asked an SCS employee the question "Does SCS expect to require additional financing this year (2001)?" The reply was "We have built in financing with warrants and are not considering any other source." A few months later, what happens? More financing. It's always the same damn thing. "Wait for this and, you'll see, big things will happen." I don't expect anything great from this company. I expect them to slowly grow and finally become profitable. Then they'll probably get bought out. You won't hear me singing the praises of SCS until we're back over a dollar, AND they're generating the revenues and earnings to justify their share price. I guarantee, we will have to get through millions and millions of shares for this to happen.