Second Wave Petroleum Inc SCSZF

RE: jetstream, thanks for update

[vandenp]

Tossing out the insults again eh Warrior? MF3 is asking a question that I'm sure many other investors are asking, especially when Frank is telling investors that SCS will be profitable this quarter (Q2). We're are currently a little more than half way through Q2. As I've stated before, I believe SCS requires about $5million/year or $1.25million/Q or $416,000/month or $13,500/day in sales to become close to being profitable. This is an increase of about $4million in sales per year. Relying on transaction fees alone, I think we would require about 1000 PNR's per day ($4million / 365days / $US7 (or $CDN10.5) = ~1000) A couple of major TourTek deals and this requirement would likely be cut down by half, but I don't believe this will happen anytime soon. Maybe a few more quarters. IMO, they're on the right track but it will still be a while. Now Travelingman says they will be profitable this quarter. We'll see if he's wrong again. Warrior, I'm in the same boat as you in this regard. "Holding SCS as a "spec" play. High risk = high potential reward." MF3, Keep asking the questions many of us are wondering about. vandenp (the basher)