Second Wave Petroleum Inc SCSZF

RE: SCS

[idleSpeculator]

"I've put my money in at 12 cents on those words "break even". If the co. right, I'm looking at min. 400% gain." I have heard those words 5 times in the last two years. Last time was refering to September this year. In April, company needed to bridge gap betwen income and expenditure, where expenditure was 10x income. They have announced 2 cost cutting excercises, from IR and a bit of guesswork, may have halved expenditure. They have announced a number of deals many very small but of the larger ones exactly how many are online and earning income? I am struggling to count 1 since the launch of LL+ There is still no AIrtek. There is no announcment that Tourtek Bureau is actually online and live with customers, and that is the only way it earns income. Yet it was meant to be online by now. The tourtek sale that was in the bag, other than a deposit has now slipped to april+ next year. Other imminent Tourtek Sales.. well we have heard nothing. For shares to be worth something, you have to have product you can sell for a profit. Solarnet generates customers but an income dwarfed by the companies expenditure. Too many 'deals' have been announced with great prospects for income, only to miss deadlines then vanish into obscurity usually without an announcment saying why. Airtek, Patheo Faremate link, Hitchhiker..... Save your 12c and wait till they actually get something that will make them profitable work. So what if it costs you a little more than 12c at that point, at least then you know you will have a decent bet. Idle