Second Wave Petroleum Inc SCSZF

RE: Burn rate ...is there money left??

[idleSpeculator]

Nice numbers spinner. don´t think PE will be 20 for compnay with rising income, will be lower, or based on anticipated earnings 2 years out. "As to 8 months to double income or they need more money" They claim rising income currently as Standard Tours Migrates its customer base accross to TT/SB (rather than the overnight big bang approach), not sure what is happening with other TT/SB clients, we also know tech7 have been doing better than expected. Anyway suffice to say that even if they don´t double their income in 2nd half, the bvery fact income is rising will cuase that 8 month target to recede further into the future. In the timescales we are therefore talking about, several other variables come into play, such as ongoing staffing levels (I would wnat to see implementation crew continue to grow if TT/SB justifies it) and posible aqquisitions and mergers all of which could change the picture quite signifcantly imo. All that said, your figures are well argued and give good perspective imo. Idle