Msg. 07202 of 54959 (This msg. is a reply to
07201 by
tkc)
Jump:
Hi tkc,
COGS: I am not because I assume Wave is in defining its requirement for $51m. I've just subtracted the minimal cash requirement from that and established a range of $1m on the downside and $3m on the upside.
I suppose I should add something for BASF, BP and maintenance, so let me amend the income range upwards by $4-5m. Okay - how about $50-55m.
CF, are you considering COGS @ 5-6% when determining revenue requirements? Re: another shelf. Didn't bother to do any math. Now that I see yours, you're right. They shouldn't need to. Sometimes I a little quick to assume the worst when it comes to Wave's management. My bad.
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