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Anyone have any idea why otcmarkets shows this:
Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Audited
Latest Report Sep 30, 2013 10-Q
CIK 0001488309
Fiscal Year End 12/31
OTC Marketplace OTCQB
Is EWSI going for an audited level/designation that will allow them to uplist? If that is not correct, why has OTC had that "audited" status on their website for months now?
How many pink stocks have audited financials? EWSI has the revenues, waiting on the audit.
Are you waiting on any other audits from the extremely large percentage of the number of pinks stocks that are unaudited?
That's pretty much SOP for pink stocks, especially the ones with promise. There is no reason to engage in any sort of negative activity with companies that aren't strong to begin with. They will fail without any added push given, or on their own merits, or lack thereof, as the case may be.
Day by day fluctuations are interesting to observe.
As Snagglepuss so often said, "heavens to murgatroyd," what are we longs suppose to do?
Btw, I enjoy reading these doom and gloom posts.
Sometimes you can end up trying to be too smart for your own good.
You win some, you lose some. Definitely a learning scenario. But next time you try that, you just might be successful. I'm sure you were not the only one experiencing the same bad feeling.
If enough just throw in the towel, then this won't recover regardless.
Sometimes, when you poison the well, with the plan being that everyone will leave, you end up the sole beneficiary of a poisoned well that no one wants. Congratulations.
Probably won't be much more than a flipper stock between 6 and 3 cents regardless of what the company does and how well they execute their plan.
It is what it is.
Late last week, I posted on DEW&, something about that gap that occurred there. So far it has never been filled, and a poster replied that that, not filling the gap, is something that has happened with these pot stocks. Take it for what it is worth.
There's a big difference between a 1 for 10 vs a 10 for 1 split. At $1.00 pps, you either end up with a 10 cent pps, or $10 per per share.
Let's hope it is simple enough to figure out which is which.
That 8K show that there are 839 million outstanding shares as of 2/07/2014.
This company will start having NASDAQ revenue and profit numbers down here at the penny level. It will be interesting to see if it stays at the .04-.06 range with those kind of numbers.
Down to the seeds and stems. And now-a-days, the leaf. Nothing "e" about it.
What do you think it will take to leave this .04-.05 territory? Can this company report a $30 million audited profit, and still be at 5 cents pps? I guess that would be the question.
I think EWSI pps was higher before the latest Tanke funding agreement was announced and now this new facility in Ohio.. Those two bits of good news cause the pps to drop from .05 to .04, 20%. Maybe if the company pr's a few more good pieces of info, we can take it down to .03, or below.
IMO, the walk down was from .05 to .037. That has already happened, hasn't it?
I guess we will test the axiom that gaps must be filled.
Doesn't the company know it can get into trouble with all of these bogus bits of news? Don't they know that they can get into a heap of trouble by continuing this scam?
After the news was pr'ed last week, and based on prior management actions, I can't believe anyone was actually able to create any doubt in anyone's mind that this $30 million funding was not real.
How does anyone convince another that what they just read is not true and bogus? That takes some serious skill to pull that off.
The pps has dropped 10% twice now in the last three trading days. I'd say that for those working towards that end, mission accomplished.
Will never wrap my brain around the day tripper.
Makes you wonder why folks sold it down to .315 yesterday, only to see it bounce back today.
Why did anyone sell yesterday? Just because some posters were goading you to? I guess they would say mission accomplished.
That's been SOP for this stock for a while now. Someone always wanting to keep it down, even if they have to wait until the minute to accomplish their task, like today.
Why do you think some of the posters are here that post what they do? It ain't rocket science.
So what are you saying? That the license agreement pr'ed last week was fake, bogus? Or is your intention to maybe put doubt in someone's mind so that they sell?
By deductive reasoning, Tanke did post news about 2013 license agreements, as pr'ed by EWSI last year.
If EWSI recently pr'ed another agreement/commitment from Tanke, there is no reason not to believe that that one went down as well.
That was 2013 news, so maybe they haven't updated their website to start including 2014 news yet. Wasn't that news very recent, as in the last week or so.
Trust me, I didn't make up the website just to spoof you.
They have it in the news section on their website.
Tanke News
Corporate Press Release and News:
2013:
Tanke signs master license with E-Waste Systems Inc. (OTCQB:EWSI) and invests $650,000. eWaste is the fastest growing segment of the greentech and recycling market. E-Waste Systems Inc. is the sole pure play public company in the emerging waste electrical and electronics equipment (“WEEE”) industry.
Tanke deepens its entry into environmental technologies with building recycling, electronic waste and green hotels. Signs investment agreements with building recycler SuQian ChengXiang Plastic Co., Ltd. and Shanghai Yibao Commercial Information Consultancy Ltd, a high end hotel services companies.
Tanke increases investment in E-Waste Systems Inc. (OTCQB:EWSI) by additional $800,000 which includes 2 more brand licenses.
As the song says, "you can't always get what you want..."
To some folks, yes. They will buy and sell on news and after news, regardless of the news.
That's why I said, a Q showing a profit of $30 million for a young company on the NASDAQ would be met with much differently than a young company on the pinks. A week goes by, and that $30 million profit news is old news, and flippers would sell, even though the company just reported $30 million profit.
That's the difference between a trader on the pinks, and an investor on the NASDAQ. The news is important to one, and the lack of news is important to the other.
I can imagine if EWSI had reported $30 million in actual profits, and not just a contract that would bring in that amount, that since that is old news, the same trading pattern would be in place.
Got to love the pinks.
What's wrong with .04 pps for this company?
I hear you are concerned about potential dilution with the increase in authorized shares.
No mention of any acquisition today, so there was no need for the company to sell any shares today.
My guess would be no.
Must be referring to F!TX and got a little confused.
I don't think the issue is whether a decent portion of the extra shares will be used, but what they will be used for. There are very good uses that will increase shareholder value greatly, and very bad ones that will diminish it greatly.
If that be the case, then I will look forward to a much much larger company going forward by their use. I doubt they will get close to needing all of them, because the revenue generated from any stock-based acquisitions will preclude their use at some point.
Neither one of you answered my question about the number of shares entitled to vote and percentages, showing a total of possible shares being 573,735,000.
Does that figure represent the current O/S was what I am more interested in than biased positive or negative opinions that have no bearing here. I realize facts can get in the way of agendas, but I'm asking for a fact, that I actually do not know. My thinking is anyone holding outstanding shares is entitled to vote. If 88.2% represents 506,000,000 shares, then the total shares = 573,000,000 shares.
Here's a passage from the pr:
From their website:
Tanke News
Corporate Press Release and News:
2013:
Tanke signs master license with E-Waste Systems Inc. (OTCQB:EWSI) and invests $650,000. eWaste is the fastest growing segment of the greentech and recycling market. E-Waste Systems Inc. is the sole pure play public company in the emerging waste electrical and electronics equipment (“WEEE”) industry.
Tanke deepens its entry into environmental technologies with building recycling, electronic waste and green hotels. Signs investment agreements with building recycler SuQian ChengXiang Plastic Co., Ltd. and Shanghai Yibao Commercial Information Consultancy Ltd, a high end hotel services companies.
Tanke increases investment in E-Waste Systems Inc. (OTCQB:EWSI) by additional $800,000 which includes 2 more brand licenses.