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Look at level 2...35k then nothing until .012
Yes I would read through the report and keep in mind most of those revenues came from a plant open for a couple weeks. I am figuring minimum of 100k a week from the operations of ewsc. That's a minimum price of .04 and every company starts off at a loss.
Well at least your admitting they are turning a profit...can you least agree that majority of that profit came from a plant that was only open for 3 weeks....they had a grand opening at the end of March but we're running operations slightly before the grand opening. So your dividing up 3 weeks of profits into a whole quarter?
Ewsc producing about 100k a week in revenue....that's 5.2 million a year. Actually look closer and see surf and ewsc produced a profit of 200k. I bet the majority of that came from ewsc. Let's just look at 5.2 million revenue at 2.5 market multiplier and use 500 million os....that's a pps of .026 cents. Again using minimum revenue and 100 million more in the os. Now could ewsc produce 10 million.....yes 2trg had that number a couple times.
Where you getting 2 million? The Cincinnati plant was only open for 3 weeks..... You are forgetting eplants in India and Italy. Chinese revenue could still be put on the books by June 30th we will know then...
Yes we are....people reading the Q shows that ewsc is turning out 100k in revenue that's 5 million minimum a year putting EWSI at a value of .04 minimum
Now I been trying to figure this out myself...now from what I have gathered. It's actually the debt/expenses from the Chinese operations. The whole accounting issue has to do with revenue and not debt/expenses. They categorized the money spent on those leases as professional fees. I know for a fact some of these leases were millions of dollars but turned into way more money for a profit. We are going to have to wait and see in June to see what happens.
Fact is fact read the 10q ewsc is generating 100k a week in revenue read the report. Look when they moved facilities it was only open for a couple weeks.....read it
June 30 I think is the date they posted on sec.gov with the extension....
No...ok if you make 100k a week in revenue you make 100k a week in revenue. Actually I have posted repeated here actually responded to you on the subject of the VIE. It's in an 8k which I am not going to post for you again. I did read it and posted for you too many times.
I think you have a couple people selling from not reading the whole report....check out the bid support over a million shares on the bid now look at the ask small amounts up could reverse one you crunch some numbers. Remember Cincinnati plant was only open for part of March and check out how much of the revenue came from Cincinnati. 100k of revenue per week isn't bad at all.
Yes I put the value between .04 and .05....according to the revenues it puts the plants revenues around 100k a week...that's 5.2 million a year minimum. Use 2.5 and market cap of 13 million we are only at 4 million right now
No I am blaming the VIE on Sadler...they are the ones that forced EWSI to put the revenues into a VIE you are missing information .5 million for 3 months and Ewsc was only operational for a month. So quick calculations put the operation at 5 million a year putting the market cap according to revenue from that operation at 10 to 15 million. We are at 4 million right now....
Actually that puts on EWSI on pace for a lot of revenue EWSC accounted for 60% of that revenue for only 3 week that's 400k a month times 12 is 5 million roughly and a market cap of 10 million putting the pps of .04 minimum
Sadler dropped the ball big time...if you look up what a vie actually set up to do and its a head scratcher why sadler told ewsi to use a VIE. They basically deconsolidate all revenue associated with the vie and redo all the quarterly reports and amended 10k.. a lot of work.
Well thats your opinion if Martin wanted to cook the books he would of picked an unaudited company to take over....see when ceos cook the books they usually sell their shares...Martin hasnt sold a share. It was accounting issues with Chinese revenue that is the problem...do a google search.
Not sure depends on what is in the quarterly report...need only about 3 to 4 million in revenue to get past .025...now if they fixed the revenue from 2013 this could run over .10
I believe that all the way...ewsi is working out the revenue as we speak. I know they are working overtime getting these revenue issues sorted out. The vie was a terrible way of stating revenue...Sadler dropped the ball.
Actually it was Sadler would told ewsi to treat all Chinese revenue as a VIE. Its right on sec.gov. I posted this info awhile back but Sadler is the ine whi dropped the ball with this accounting issues. Martin stated that some of the US revenue was left out as well. Whats going to happen by end of June is anybodys guess...I really think all this mess is an accounting issue.
Agree...hopefully ewsi will overcome......nice slow day waiting on fins.... Check mail by the way
I think EWSI and the auditors have kept a tight lip on any information. I have noticed that throughout trading this stock for months now. Especially now with the china revenue....
Correct Sadler should of never made ewsi use china revenue as a vie
Well it looks really thin right now...is this the bottom?
Hey from Pittsburgh area and I believe you since I made one phone call to a goodwill. Even if the Cincinnati plant produces 5 million....this low is a steal.
Actually up and running from my understanding the NY facility has 3 county contracts posted on the county websites. Lots of press releases from 3rd parties for ewaste pickup. You may jave to look for 2trg for now. They are in the process of changing all naming of contracts to ewaste systems.
Nice find...US revenues should be on the books. Looking forward to Q2 2014...Q1 should show a little bit a couple weeks worth. 5 to 10 million per plant per year....market cap under 5 million.
Yes but nore known for retail too such as tdameritrade...tradeking...Scottrade...acra is a known ecn and been seeing them at the bid at .0088 right before the open.
Arca was there on bid and ask then disappeared after a couple of hours...vfin was on the bid for a bit then rest of day retailers such as nite and csti were bid whacking.
So your stating nite and csti are diluting mms? Because I been seeing a lot partial bid whacks and under 20k bid whacks too.
Actually that's incorrect I thought you would know the difference between the float and OS. If EWSI was doing a share exchange with let's say cerebra that would raise the os to get the shares doesn't mean they are diluting. Same thing if the shares were for a toxic financing as well. I am not saying it is or isn't dilution but you can't claim either or without the float numbers....you don't have the float numbers d you????
Not disagreeing that it could be toxic debt....or could be more shares from the 2trg deal too. I saw arca on the bid as well and that is a fact...also arca is known as a big shorter too. So you cannot say its dilution or shorts either way....I don't see arca anywhere. We will never know the answer...you can't discount if that many shares were dumped shows strength absorbing millions of shares at these levels.
Market makers can also hide their actions by trading through ECNs. Remember, ECNs can be used by anyone, so it is often difficult to tell whether large ECN orders are retail or institutional.
So arca wasn't even here today anyways....this past week yes
Actually arca is not...it's an eon...anyone can use arca.....vfin is a dilution mm
I am pretty sure nite and csti are not dilution mms....
Your saying that nite cdel and csti are dilutors then you are correct...never seen partial bid whacks from a company diluting either.
I had a 100k bids that went unfilled or partially filled. ..its ok I ended up smacking
Yes that's correct. cerebra anticipates 100 million a year when up and running. Just curious what ewsi cut will be....cerebra gets the property and permits and ewsi gets the equipment, set up, and joint management....sounds like 50/50 but cerebra has spend a lot of money so I am thinking 70/30.
It's actually in their yearly audited report statement to shareholders too....
Um...so your saying Cerebra is a scam....ewsi letter is posted on cerebras website that contradicts everything you just posted.
When was the date on the message board??? I have heard anywhere from June to September 2014 should be the opening. Takes roughly 4 to 6 months to set up an eplant. I heard from multiple sources that construction has begun already. I have copies of all the permits approved too.