The prospectus filed today states:
Based upon our current expense forecast, assuming current revenue levels, we estimate that our current available capital (including capital raised in this offering) is sufficient to fund Wave into October 2008. In addition to our efforts to begin to generate revenue sufficient to fund our operations, or complete one or more commercial or strategic transactions, Wave is evaluating additional financing options to generate additional capital in order to continue as a going concern, to capitalize on business opportunities and market conditions and to insure the continued development of our technology, products and services. We estimate, based upon our current forecasts, we will need to generate no less than $7,200,000 from a combination of revenue growth, commercial or strategic transactions and/or additional financings, to continue as a going concern for the twelve-months ending June 30, 2009.
The 2Q08 10Q called for $7.9m through June 2009 - in other words, there is no change. |
