Second Wave Petroleum Inc SCSZF

break even?

[vandenp]

I believe the company stated there was at least $195,000 per quarter in cost savings ($65,000 per month * 3). I believe their burn rate that has averaged ~$900,000 per quarter (Q1's burn rate was $898,214, Q2's burn rate was $897,201). To me, it looks like they will have to clear an extra ~$700,000 per quarter to reach this break-even basis. With Total sales for Q1 and Q2 = $586,026 With Total cost of sales = $287,367 To me it looks like SCS would have to generate an EXTRA $1.4 million PER QUARTER in revenues to make up this $700,000. I'm not saying break even at this point is not possible. I just wonder how they would have accomplished it. Maybe my numbers are way off. Please correct me if you see something.