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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet

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To: Chisy who wrote (1105)7/11/1999 10:00:00 PM
From: Larry Brubaker  Read Replies (1) of 1848
 
Wolanchuck is hyping this stock? Why does that not surprise me?

From a brief review of the SEC filings, I see

$75,000 of sales last quarter.

Burnt $1.5 million of cash.

Remaining working capital less than $1 million (or less than 1 quarter's worth).

What appears to be floorless financing in place.

Boy, that Wolanchuck sure knows how to pick 'em.
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