Replies to Msg. #742120
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 Msg. #  Subject Posted by    Board    Date   
09332 Re: Wave's precarious position
   And I didn't even notice the A/P number on the balance sheet until ano...
tkc   ALEA   14 Aug 2012
2:26 AM
09318 Re: Wave's precarious position
   tkc. You trying to plug the dyke or open it? ///
tryagain   ALEA   13 Aug 2012
9:48 PM
09316 Re: Wave's precarious position
   Hi tkc, my hope is a bloody sale or five. of course it is precar...
Cactus Flower   ALEA   13 Aug 2012
9:31 PM

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Wave's precarious position

By: tkc in ALEA
Mon, 13 Aug 12 9:22 PM
Msg. 09315 of 54959
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As of 6/30/12 Wave had negative working capital of $7M and $14-M left in the ATM. They'd borrowed $853K against $1+M in A/R. The 8/8/12 PP provided $1.66M cash. They're burning thru $500K/week. We're 6 weeks into Q3. What's it gonna be: new business, pink slips, more financing via ATM/PP or a combination? More financing (dilution) for sure. I see lower SP just over the horizon, so I suspect PP w/ warrants and more borrowings against A/R (if that hasn't already been done). They have dug themselves quite a hole. My hope is pink slips..