To the thread: All things are possible in this market.
Yesterday on the Zitel thread someone popped up suggesting WAVX (OTC:BB, up something like 50% yesterday)was ready for a run up. Curious I looked into it a bit. On the WAVX thread they are excited about the 20 fold increase, quarter to quarter, in revenues reported today. Digging a little further that seems to be true. However, according to the report "Revenues for the quarter ended March 31, 1998 increased to $8,613 versus $415 in the first quarter of 1997." That is not revenue in thousands, folks. Quarter before last they sold $415 of product! Lost a couple of million last quarter even with the "20-fold increase in revenue". They sell software on the Web and have a chip that provides secure access that will be included in an add on board that some people might put in their PCs so that they can watch TV on their PCs and order stuff on the Internet (at least I think that is the story).
Current market cap = $100,000,000. (Curiously Jas Singh, M.D., familiar to ZITL regulars, is over on the WAVX thread, courteous as ever, long and strong. He knows how to pick 'em.)
Now are we at the top? |
