Second Wave Petroleum Inc SCSZF

RE: Big suprise!!!

[idleSpeculator]

"My "Ignored By:" just went up by two." LOL, at least SCS is providing entertainment value. Have to agree with Vandenp. Last SCS financials showed they had so little in the bank there was not sufficient to cover the following months wage bill. Solarnet deals (including Hitchhiker, don't bring in the sort of money SCS needs to cover overheads, even if they reduce overheads buy cutting staff and moving to smaller offices in Vancouver). In the last two years I have heard severtal claims that SCS are 'about to go into the black' none have come even close, sometimes wonder if the person doing the sums cleaned his calculator and put the numbers back in the wrong place on the keypad. I agree with Vandenp this is not about share price. It is about management having a plan, informing investors honestly and delivering what they say they will. I invested in SCS on hte strength of Blackbird / Airtek. I was still investing in them long after they had canned the AIrtek project, because there was no NR stating this. Faremate, a joint project delivering similar functionality / income to Airtek also announced in a fanfare NR, then all goes quiet when development hits technical problems that suggests without major rewrites the system will never work, maybe no SCS's fault, but again I don't remember NR. If anyone could spell out the maths showing SCS are going to break even I would be interested. Simple stuff like current expenses / burn rate, income by product, then I might start believing some of this hype. Currently I am convinced most likely outcome is that this company is heading for bankruptcy, fast. Idle