Second Wave Petroleum Inc SCSZF

RE: jetstream

[vandenp]

2CentsWorth, So let me get this straight. You have determined a valuation of 10-15 cents on a company for which you have no idea how much money they have in the bank (how do you know the company is not still on the brink of going bankrupt?), what their current burn rate is (how do you know they've streamlined? are you trusting what management has stated in a NR?), and what the latest deal even means to the bottom line(do you know how much this deal is worth to SCS?. For this you justify a P/E ratio of $.10/$0 = infinity. Maybe you should think before you make statements like, "I think the whining is coming from people who need the crazy valuations to come back to break even." when you value companies in such a manner.