Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Second Wave Petroleum Inc SCSZF



GREY:SCSZF - Post by User

Bullboard Posts
Comment by idleSpeculatoron Jun 11, 2002 10:49am
171 Views
Post# 5197685

RE: 600 to 1000 bookings per day

RE: 600 to 1000 bookings per day Got me thinking Van. Two points on the annual Expenses you quoted. - They are for year ending November 2001, there was a lot of cost cutting, loss of staff, moving to smaller offices towards the end of last year that would not show up much in that figure. - They include over $1.1m in write offs (I Don't think these are recurrent but I am no accountant). You used total expenses rahter than net loss in you calcualtion for number of tickets required, which ignores income they have from other sources, ie Solarnet. The important figure in this calculation is loss for the period (quarter) of $318,818. This figure is not cash out the door in that quarter as it includes amortization of previously spent money to the tune of $141K (again I am no accountant, please correct me if this is wrong) So cash out the door / burn rate I would estimate from quarterly accounts ending Feb 2002 to be about $318.818 - 141,000 = $180K Expressed as a daily figure $180K / 90 = $2K daily burn rate. Number of tickets required per day would be; $2000/11 = 181 full price tickets So 200 to 300 tickets leaves plenty room for tickets sold at less than $11 and a margin for error. well IMO anyway Interested to hear what you think Van Idle
Bullboard Posts