PERIOD ENDING 31-Dec-05 30-Sep-05 30-Jun-05 31-Mar-05
Total Revenue 1,188 610 217 16
Cost of Revenue 1,293 828 336 59
Gross Profit (105) (218) (119) (43)
Operating Expenses
Research Development 27 39 33 43
Selling/G & A 1,824 1,030 1,063 972
------ ----- ----- -----
Operating Loss (1,956) (1,288) (1,216) (1,058)
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If you look at these quarterly financial statements, you clearly saw that for each contract WWAT signed, they lost money. This is not counting the millions of dollars they pay for interest expense and inducement fees to raise cash while working for free.
At the rate of 35 million shares dilution per quarter, WWAT is losing 25% in value per share for each quarter.
Fundamentally, I think this company is in trouble. However, this stock is still playable as the players (warrants and convertible debt holders) will pump it up before they dump. I think .27 is a safe entry for this stock, and take profit often when the pump begins. |
