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Loss? Out of thousands of companies find me one in its first year that made a profit. ..it took 6 years for Amazon to turn a profit.
No crap that's how a small growth companies does it. Even on the big boards they issue stocks for people to buy so they take that money to grow the business. ..so with the recent dilution they paid cash for 2 facilities and equipment with all assets no liabilities to me that's a slam dunk
Can you deny the facilities in Cincinnati and Gevena bought with that dilution. Cincinnati has contracts with goodwill around 25 million a year and Gevena has a couple county contracts already
Well put Beach....everything is speculation until audited fins are released I am hoping for 15 million and anything even close to that should see a nice run. Assets in the Q1 2014 will be huge can't wait for another month for that as well.
Yes exactly...The dilute card when it takes money to make money...simple business sense and forget why a company even has shares... to raise capital. Why posting hard today when claims sold his shares haha.
It isn't a loss until you sell my I been bringing down my average so I don't care...If they have to dilute to get revenues over 100 million I want them to do it...and that's their goal. Billion? Are you joking? This is a real company in the otc which is rare in a thriving industry.
Dilution has slowed down tremendously and the SS is still great. Close to 80 million locked up my insiders of the 350 million....need money to make money.
Funny thing is ewsi sis it to buy a company and set up two state of the art facilities with the dilution that will produce around 25 to 30 million a year
Sadler had no problem with Chinese assets
Item No. 1: The company prepared and made the filing and was advised by the auditor that the consolidated financial statements should be amended immediately prior to the filing of the Form 8-K. The changes in the consolidated financial statements resulted from some information provided by certain operations in China that led to corrections to the statements. The auditors requested the amendment and it was supplied as per their request.
Item No. 1. For the second quarter, after the initial filing the company made two changes to the consolidated financial statements based upon the review by the auditors to wit: One investment had been booked at the a lower valuation based upon the first half of a transaction and the company had not restated the valuation to the proper face value of an investment in preferred stock upon receipt of the actual certificate. That change resulted in an approximate $700k increase to the balance sheet. In addition, based upon documentation review by the auditor, agreements by the Company for lease and operating relationships with business in China had been booked by the company as a VIE and both parties agreed that the consolidated financial statements should be changed to eliminate the consolidation based upon the auditors determination. This change affected revenues and expenses.
http://jutziremy.blogspot.com/2014/04/interview-with-cristian-marketing.html?m=1
You like stuff like this intern who interviewed Cris from Italy. ..
Exactly, I couldn't believe it dropped really quick with bid whacks then nothing. ..you can shake all you want but all the weak hands are gone.
Italy coming soon showing how hard they are working there
http://jutziremy.blogspot.com/2014/04/interview-with-cristian-marketing.html?m=1
Exactly feel 100% confident that the China issue is resolved and huge news is in the pipeline from Europe.
Are you going to trust Martin or someone posting on I hub. People think we have a lot to lose but he has more invested into ewsi than anyone...probably all of us combined. Looking at his track record you think he is going to fail with ewsi? I certainly don't...the Cincinnati plant opened my eyes to this being the real deal.
Real company with assets...drive or fly and you can touch the facilities. Cincinnati and Geneva are real facilities that are going to generates 10s of millions of dollars. Cerebra is a real company that is going to have the best facility in India and EWSI is a part of it. I am holding until the end of 2015 and adding along the way.
Definitely not dilution look who the buys and sells were from today....find a dilution MM even close to the ask.....last shake like every other time this runs check the chart and the RSI right before big runs..
It's someone with a tdameritrade tradeking or individual account...low volume games no dilution mm in site.
Notice it was brief and someone posted the exact second it happened....whatever last shake hopefully is today.
Wasn't from dilution I can tell everyone that right now maybe something else going on.....I called a shake yesterday and today....check the cheap sells
Yeah I think Monday will be interesting to see what happens. ..Friday. ..might go sideways again but looking forward to the audited fins
I agree either way we will find out what is going to happen very shortly....OTC companies are very easy manipulated....I am not saying it's happening here but it does happen. In my opinion I think it is being manipulated to a certain degree. Good or bad I can't wait for the audited fins. I still can't believe we are at .02 with a real company and some shells are trading in the teens. The market cap should not be 7 million that is crazy low. I really think the problem is the auditing situation...if this gets cleared up we should move very easy.
We have been moving sideways for weeks now....going to be interesting either way. Dilution has been very low lately and just waiting for some news to get this moving. Monday should be interesting and should tell us where this is going. Maybe Friday but I think we are in the middle of a shake and I think the weak are gone at this point. Nobody is really going to sell especially all the accumulation over the share price of .022...we dropped because of two things dilution and Malone resigning....dilution is basically down to a trickle and the second we should find out really soon. Glta go EWSI
Look Sadler had NO problem with the Chinese leases....none
Item No. 1: The company prepared and made the filing and was advised by the auditor that the consolidated financial statements should be amended immediately prior to the filing of the Form 8-K. The changes in the consolidated financial statements resulted from some information provided by certain operations in China that led to corrections to the statements. The auditors requested the amendment and it was supplied as per their request.
Item No. 1. For the second quarter, after the initial filing the company made two changes to the consolidated financial statements based upon the review by the auditors to wit: One investment had been booked at the a lower valuation based upon the first half of a transaction and the company had not restated the valuation to the proper face value of an investment in preferred stock upon receipt of the actual certificate. That change resulted in an approximate $700k increase to the balance sheet. In addition, based upon documentation review by the auditor, agreements by the Company for lease and operating relationships with business in China had been booked by the company as a VIE and both parties agreed that the consolidated financial statements should be changed to eliminate the consolidation based upon the auditors determination. This change affected revenues and expenses.
Yes I know they already have one year signed and just waiting on 2013 audited fins thanks for mentioning that....I don't see a mulligan anywhere....links please????
Sorry posted what you were looking for...they actually don't sign their name but look over everything because audits don't happened between jan and march it actually happens throughout the quarterly reports thanks though....
Item No. 1: The company prepared and made the filing and was advised by the auditor that the consolidated financial statements should be amended immediately prior to the filing of the Form 8-K. The changes in the consolidated financial statements resulted from some information provided by certain operations in China that led to corrections to the statements. The auditors requested the amendment and it was supplied as per their request.
Item No. 1. For the second quarter, after the initial filing the company made two changes to the consolidated financial statements based upon the review by the auditors to wit: One investment had been booked at the a lower valuation based upon the first half of a transaction and the company had not restated the valuation to the proper face value of an investment in preferred stock upon receipt of the actual certificate. That change resulted in an approximate $700k increase to the balance sheet. In addition, based upon documentation review by the auditor, agreements by the Company for lease and operating relationships with business in China had been booked by the company as a VIE and both parties agreed that the consolidated financial statements should be changed to eliminate the consolidation based upon the auditors determination. This change affected revenues and expenses.
That's 100% false...Malone would be legally obligated to immediately report this to the authorities or they would be in deep trouble...looks like Sadler didn't have a problem signing the quarterly reports heck they added 750k
I really think people are waiting on the audited fins. Accounting issue had everyone scared and we had close to 8 million sells on that day taking us Down to the low .02s....I think from my previous posts I have made this clear why Malone resigned
Actually closer to .75...The industry multiplier is around 2.5 to 3.0...well the ratio of sales/revenue to pps
Awesome still under 350 million....I am very happy they stayed under that...
For this to drop when the 10k comes out is basically no revenue....we only need about 3 million in revenue to stay current with the share price....now if the revenue is even over 10 million this should do a correction.
Relax man if you need any info to make you feel better let me know....the financing fell through so they used cash from shares for the 2trg deal. Big things coming my man....
Glad you brought up dilution is has been down to a trickle if you look at the volume for the past month. As you can see what has this stock done in the last month...trade sideways. The dilution came from setting up two plants in the US...one Cincinnati and the other in Geneva. They picked up all the 2trg contracts such and goodwill and the county contracts in NY. These counties in NY actually pay per pound for ewaste to be recycled and not to mention making cash from the waste itself. I will trade a couple million dollars in dilution for 25 to 30 million in revenue per year any time.
I agree the chart looks like it has bottomed out and tested the bottom several times. You can see the double bottom bounce coming from the 6, 3 and 1 month charts at different bottoms. We just need......NEWS on fins. The market cap is around 9 million which is very low especially if the fins are between 12-16 million. Now this is evaluated at 3.6 million in revenue and anything over that we show see an increase in the market cap. The sector multiplier for price per share is around 2.5 to 3 times sales per revenue....keep in mind that majority of the pricing is focused on the free floating formula and I am using 350 million OS. I am figuring the Cincinnati plant will generate around 20 million in revenue alone. This plant is up and running and is real as it can be so the plant alone could carry the stock price in revenue. That isn't including the Geneva plant with the county contracts in place.....
Thanks I am glad you agree there isn't a problem with that but apparently Malone saw that as a problem. Sadler didn't have an issue with it at all. I am pretty sure new accounting firm won't either. Go EWSI nice to see you in board
Yes exactly...I am glad you agree that Malone resigned prematurely. iF EWSI would be sued for fraud technically those leases couldn't be verified through those Chinese companies in which they are leasing facilities. Malone got in hot water before and is now being over cautious. Go EWSI
Actually no the article has different parts for the trouble with accounting issues between China and the Sec. Malone and one of their clients are being sued for adding income to an audited statement from China. It's against Chinese law to send any income or expenses to the sec for auditing reasons. I am pretty sure Malone was auditing financial statements from china when the problem happened. If you are being sued for submitting Chinese income as income would you be weary in the slightest bit????? Those leases involved Chinese companies that have records with Chinese banks that you can't verify with audited statements. That's what the problem is that EWSI is leasing from Chinese companies...either facilities or equipment and is selling recycled material to.....Chinese companies. Malone is in litigation for fraud so do you think they want to take a chance? From proof of the article IF EWSI is running a scam Malone would be on the hook because again its against Chinese law to give financial documents to a foreign entity. Malone is being over cautious right now and from reading the link you can see why.
Wow I am hoping people are smart enough to read through links rather than just post a contradictory statement. China law forbids any documents for auditing purposes to the sec....I thought that EWSI was being audited to the sec with.....hmmm Chinese income and expenses.
Actually Malone would be legally obligated if it was a serious matter did you read any of my posts on the matter. Looks like a play on words if there isn't any quotes so looks like it was paraphrased to me.....http://www.lowenstein.com/files/Publication/6016dd8f-028d-4a50-918f-979d8348cd52/Presentation/PublicationAttachment/61941eec-c70a-40a2-84b5-3f8db05957d0/LitigationWoes.pdf
Uncommon?????? Looks like it's pretty common to me....
http://auditorcarousel.wordpress.com
Malone doesn't want anything to do with china black and white right here....http://www.lowenstein.com/files/Publication/6016dd8f-028d-4a50-918f-979d8348cd52/Presentation/PublicationAttachment/61941eec-c70a-40a2-84b5-3f8db05957d0/LitigationWoes.pdf
Sadler signed off on the fins they even added another 750k in assets. They thought everything was ok when they signed off on all the quarterly reports. Malone didn't work out just like some here....http://auditorcarousel.wordpress.com. They had a disagreement on the revenues from china which a sec problem that Malone got busted for before.....here is the problem here....http://www.lowenstein.com/files/Publication/6016dd8f-028d-4a50-918f-979d8348cd52/Presentation/PublicationAttachment/61941eec-c70a-40a2-84b5-3f8db05957d0/LitigationWoes.pdf