RE: RE: RE: RE: RE: RE: Does Wavefront really needAhahaha, you got to be kidding me.
The level of ignorance is just patently funny.
Okay, first financial statements are backward looking you'll have the info
as of Feb 28th 2010. I am sure there is going to be cretin that will post that WEE is still loosing money.
Second, the only thing important is Mangement discussion.
WEE is already in the black because :
Wavefront has currently secured 166 Powerwave licenses. There are an additional 93 licenses pending. Of the secured licenses, 56 Powerwave systems are installed with the remaining backlog of tools slated for installation in the near term. The Company's immediate action items are to install the backlog of tools and to convert the 93 pending licenses to confirmed licenses and revenue generating installations.
There 116 units waiting to be installed. If you morons want to loose sleep on it go ahead.
All the expert financial analysis have already computed 166 unit as income generating units in their models.
Accounting model is different revenue are recognized latter (upon delivery)... Management chose a conservative approach in rev. recognition ie delivery of goods. Normally it is recognized at contract signature time.
For a prof investor 166 is the number to used becasue no one signs a contract and reneg it 2 seconds latter. All contracts are usually honored.
Regardless, this company is now flush with cash.
If that is problem, go ahead jump of the bridge!
WEE is going for a major expansion and they've convinced institutional players to back'em.
That's all that matters.
Whatever the retail confusion is completely irrelevant.
I repeat two statements I've made:
1) WEE is going to buy abandonned oil fields and install their own equipment and generate oil revenue massively.
This is a fact.
2) WEE is already in the black if you are using financial principal in your analysis.
Also:
Casimir represented US investors.
The confusion about 0.5 warrant or 1 warrant made de stock fluctuation between 2.20 and 2.30 today.
All you need to understand is that a PROFESSIONAL INVESTOR priced in 2.10$ + warrant = SP value.
Management think it could go north of 3.15$
So average out 3.15$ + 2.10$ (assuming no warrants)/ you get 2.62$
Odd calculation isn't it?
Well, that's basically where the stock is headed as soon as the confusion is cleared out.
Suggestion:
Why don't you call IR and ask em for clarification.
IF you still confused, please SELL.