hi tkc,
i'm talking about the cash needs figure from the year-end financial statements. in the y/e financial statements, wave predicted it would likely require $6m in cash (over and above its cash from operations etc) in 2013.
not sure if the clock starts on the date of the statements or the day after the prior y/e. if it is the former, wave had already sold a $1m tranche of stock as part of its $6m total. if it's the latter, the $1m is excluded, meaning there's some way to go before wave's needs are exhausted.
| 