Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My average is .033 at a million shares so I know what your talking about still holding waiting for clarification and audited fins. Would be nice to see the 2014 business plan which will be the next release on numbers for 2014. I know that's where they were at when last contacted ewsi. Lawyers and accountants were looking it over for release.
I think they will come before April 15 I think if any run starts I would expect the audited fins right after that......I am more curious after the recent accountant fiasco.
It is a 20 billion a year industry.....now that is smoke and mirrors. There are companies making millions and millions do a google search and tons of private companies will come up with huge profits.
There is a ton of money in ewaste industry especially more and more regulations throughout the world....the only problem ewsi has at the moment is china. China is the biggest area for e waste but US companies can't audited fins from there.
Well we will fin out in another month when the audited fins come out....
What the heck are you talking about? There is a discrepancy in how to report some revenue from China. ....Saddler didn't resign they were fired. Now Malone did resign and is a problem for the time being. It's definitely not from cooking the books.
The industry is not the problem it's literally a gold mine in the ewaste industry. The short term problem is dilution and China right now. Talking to a friend of mine he says any business in China with the sec and audited fins are a huge problem. You can't use revenues or expenses from China for the time being.
http://www.triplepundit.com/2012/05/waste-generates-additional-revenues-consumer-electronic-retailers/
This is just one do a Google search and many ewaste companies produce huge revenues off of one plant. Ewsi is opening up in untouched markets
Check this out disagreements happen all the time....I mean if you panic sold it's OK but read this list
http://auditorcarousel.wordpress.com/tag/sec/
Malone is under the microscope so anything they can't 100% verify which is impossible in China on both ends they have to discredit. Trust me my heart was racing and upset until I did some reading.
Malone was in a probe a couple years ago on those matters....Chinese government is not allowing foreign countries to look at their bank statements. ..my understanding that is where the problem is right now. There is actually a freeze from the sec to all Chinese companies as far as reporting....This isn't just an ewsi problem.
Oh I know float is very low for an otc company. They are diluting but takes money to make money...just as long they are spending money to generate revenue I am fine with it.
Wow...you kidding me this is the worst timing. Malone didn't want to mess with any China company tied to any US company. That article explains a lot....just wondering if they are going to release something for the mouth breathers.
Why would you pay for a cpa to look over their qs? What red flags give me one example? I have a professional science masters in finance and didn't see one red flag. Please explain cpa this time of year isn't looking over anything without some serious dough....report your findings.
Exactly takes money to make money....Every starting company dilutes to a certain extent. Depending on what they are spending it in is the real question. They only have a state of the art facility right in Cincinnati. 40 million in revenue.
Hey guys my heart was racing just as fast as some of yours.....they have a plant 3 hours away that is going to produce 10 million pure profit in 2014.... Revenue around 40 million. I have done the numbers and comparison to this plant. Drive to the plant if you are scared and are unsure. They fired Sadler because they missed 750k in revenue.....that's a lot. Would you keep a company who did that????? Ewsi wants stuff done and Martin probably was chewing some butts out and argument developed....this is my opinion on the matter. Maloney didn't say the books were cooked like some stated......disagreement over leasing agreements....that's it.
I sold in the beginning just a tad before I actually got to do some DD....ended up picking some extra shares. That was a crazy shake.....my heart was racing but things seemed to settle down. Remember 2013 will be audited and on time.
Sorry it was just stating that RBSM is going to be the new auditor and is American based so I am actually happy about it. They are pcoab and aicpa certified. With such a low float it's not a bad thing....not sure how much naked shorting was going on with ewsi.
The audited fins are being released by Saddler not Maloney.....They are still going to be audited for 2013. There is no delay about it either.....stop making stuff up to reflect the stock price.
Read they found another auditor already
Everything is the same.....nothing has changed. Look for another CPA and found one.
Haha you kidding me who is complaining about that share structure needs their head examined. .....find a better share structure in the whole otcbb
I agree a 100% but they need cash now....they have permits filled ready to go in different regions...et si can't wait too long. It's better than any toxic financing that would get.
Yes sir takes money to make money no problem with dilution if it's being invested for growth. Can't expect to generate over 100 million in revenue with nothing hope that 2 million buys a lot of equipment. For the eplants popping up everywhere.
Still undervalued if the revenue is over 12 million which it is to be way over that....even if they have all the AS 490 million still undervalued
April will be here before we know it...I expect great news before the audited fins are released.
Yes I have pictures of their offices and keep in contact of their Italian manager. Should add another 20 to 30 million in revenue and 6 to 8 million in profit. That's more than the current market cap from one subsidiary. Just imagine the one in China India And US.....just those huge markets alone should generate over 100 million in revenue.
They have a CPA that will answer your questions you should know that because you are the one calling both of their accounting firms scams......I do have a lawyer a very great lawyer it has to do with ewsi but not for the company itself.......hahaha. Easy to copy and paste information so keep it coming......hahaha.
This isn't going anywhere with maxm and puma on the bid....they are known for buying shares for smaller hedge funds. Once worl shows up you guys better fasten your seat belts.
Again with revenue........let me make this simple so you can understand. Apparently you slept through economics class....if you produce something let's say widgets it costs money called operating costs....when you sell those widgets that's is what is called revenue. Now the hard part,when a company is first starting out it costs money to set up offices warehouses plants collection of materials and employees to make a profit because you haven't sold enough widgets....YET. Once you are in business longer your overhead gets smaller...then you start seeing profits. Anything from small diners to major corporations have somewhat of a loss starting out. That's why shareholders buy into a company and that company releases shares to cover the initial and growing costs.
That's easy with the huge revenue growth....why not look at revenue and operating costs instead of just operating costs.
Actually that is a nice post that makes perfect sense.....you have to remember ALL companies have to start somewhere and operating costs are always around the revenue. Especially a company so focused on growth they reinvest every dollar back into the company. This doesn't mean they don't have assets as well....you have to agree to a certain level that companies don't spring up making huge profits in a year. There are many private ewaste companies making a killing after two years of operating. There isn't any reason why the same can't happen with ewsi.....do I think this is priced right? No, but I think an adjustment will be made with the audited fins.
What do you think I was doing I had a 50k bid work up to .037 then just started whacking the .038s just right now but I am out of powder. Dropped 5 grand today....wide open now.
Something is up...I put a 25k order in for those .038s about 5 minutes ago.....we are going over .04 really soon. When orders don't get filled quick there are buyers lined up
That's all you got cheap wall is going down funds cleared this is fun....
I am I just need a little more help....come on every little bit counts
There you go some ask smacking going on.....someone want to help with the .036s now I got us there again
I am going to slap to .036 so anyone like to join feel free to jump in
Look maxm just woke up....just on the bid. Grab your shares now guys. Those walls will be pulled down really soon.