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The company has not released the specific on who it is. Only that there are existing international customers and OEM. Also current sales are in excess of 230,000.
New releases of PDQ-WARP, PDQ-WLR 7, and ASUR-SDR which will result in projected sales of approximately $108,000,000 over the next three to five years.
It could be possible that Gary and company are waiting on the "new" payment agreement for the monthly payments to settle CWS technology issues with Sandia to be excepted.
But either way its their baby now WAFR owns CWS.
Thanks for your reply.
I don't think many people are interested right know with the holidays here. This could make some money if you can get some shares down here IMO.
I appreciate the reply from you and Tom,
I was a little confused of how the name change from Action Products (APII) to Corewafer Industries (WAFR) was for FINRA and didn't effect the NY SOS still holding an active registration on Action Products.
It seem that they will just let the Action products registration expire next year probably right?
Will they still be able to keep offices in NY then?
Maria, my question about Action Products is why they are still showing up on the NY SOS?
Why isn't Corewafer Industries (WAFR) required to consolidate it into WAFR?
Can a business that changed it's name still operate under the old registered name in NY? I may have to go back the the Name change and do some deeper DD to see what actually happened with the name change.
So how does a company like Corewafer Industries(WAFR) not have a NY SOS registration or be required to be consolidated from Action Products.
It is confusing to me that the NY SOS law reads:
WAFR Net Assets = $10M (liquidation value )
WAFR Current Market Cap = $1,081,592
$10M / $1.08M = 9.25 factor
Current PPS = 3 cents x 9.25 = 27.77 cent PPS liquidation value only.
Maria, give them a chance they just released the update. I am pretty sure they aren't too worried about the web site updates with lining up the contracts and all.
Net sales from NEEL and NEX global is $170,885 combined with CWS sales at $195,000 with current sales orders in excess of $230,000. Not to bad .4 million in sales in 2012 so far.
Wow there are contracts and more will be coming!
I am excited that the news is finally released so we know where we are at!
I still like your post from earlier I will copy it and post it everyday lol:
WAFR Net Assets = $10M (liquidation value )
WAFR Current Market Cap = $1,081,592
$10M / $1.08M = 9.25 factor
Current PPS = 3 cents x 9.25 = 27.77 cent PPS liquidation value only.
Conclusion: WAFR is trading 9 times lower than its liquidation value, thus we have a STRONG BUY here. Period !
My DD was right on the money here !
Does this statement confirm there is nothing to really file in New york?
Item 1 – The exact name of the issuer is COREWafer Industries, Inc., also referred to the “Issuer” or “WAFR”. WAFR is a Nevada Corporation (registered in Nevada on May 25, 2012); The Issuer was formed in New York in 1977 and reincorporated in Florida in 1980. In 2012, the Company relocated its state of incorporation to Nevada.
Looks like a few people picked up some cheapies at .021 today. Strange though there were no trades listed after about 1:30 PM today
I was waiting on the numbers to come in on a value for CWS and its here now. They made money and there is significant value to the company. The company didn't hit their target and are regrouping. I will agree we need a new "full time" CEO.
This is a perfect time to get in at the dip load up!!
yes they do volume doesn't confirm this drop at all.
WAFR alert
WAFR Net Assets = $10M (liquidation value )
WAFR Current Market Cap = $1,081,592
$10M / $1.08M = 9.25 factor
Current PPS = 3 cents x 9.25 = 27.77 cent PPS liquidation value only.
WAFR Net Assets = $10M (liquidation value )
WAFR Current Market Cap = $1,081,592
$10M / $1.08M = 9.25 factor
Current PPS = 3 cents x 9.25 = 27.77 cent PPS liquidation value only.
I love it and some said that WAFR was a scam lol. Crow taste like crap.
6(b) – COMPLETION OF MERGER WITH CORE WAFER SYSTEMS, INC. – On October 25, 2012, the Issuer delivered the Articles of Merger to the State of Nevada and the Certificate of Merger to the State of New York as the final steps in completing the merger between the Issuer and Core Wafer Systems, Inc., a Nevada corporation (“CWS”)
CWS merged with the wholly owned subsidiary of the Issuer, Action Products International, Inc., a New York corporation (“Action Products”), whereby CWS became the surviving corporation and shall continue its corporate existence under the laws of the State of Nevada under the name “Core Wafer Systems, Inc.”
Mods please remove the misleading post that was stickied about the merger not completed.
Mods can you please sticky this post.
Thanks
I can clearly see why they wanted the the equity financing. They are beefing up CWS in a big way.
I love that net shares of 17,628,341 low float here!!
I believe we will run up now you were right on PC!
Show me the money woo hoo
As of October 25, 2012 CWS had net assets of approximately $10,000,000 primarily attributable to proprietary software licenses, and IP. Total liabilities of approximately $3,500,000 include long term notes payable to related parties in the amount of approximately $2,900,000. Year to date sales are approximately $195,000 with current sales orders in excess of $230,000.
CWS estimates expenditures of approximately $1,300,000 for the completion of the new releases of PDQ-WARP, PDQ-WLR 7, and ASUR-SDR which will result in projected sales of approximately $108,000,000 over the next three to five years.
New information just out https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=95495
That will be very good! There were some attempts yesterday and previous days to paint this down red. A couple of 100 share sells whats your take on this?
Hey Big D! are we gonna see some green today? Been a long time coming! is Gary disclosing anything on Facebook lately?
Ask is going up, a little ask slapping will make this run up. I would like to retract one comment from my previous post, a person could flip this stock with a little patients this usually sits around .04 to .08.
Bought some more yesterday Troop, It will be a little while before this goes up IMO. Not a bad investment IMO, definitely not a quick flip. I just check the price everyday and ignore most of the post on here. It will get better someday.
TJ your forecast came true! after all the hoopla and dog and pony show yesterday here we sit lol.
They must have spent the 525 dollars of petty cash in the cigar box yesterday on the show.
I have plenty of time to wait for some useful information from management.
WAFR is the surviving corp and is not formed under law in any other state only CWS is and they are formed under law in Nevada.
On April 10, 2012 COREwafer Industries, Inc. (“WAFR”) entered into a merger agreement (the
“Agreement” with its wholly-owned subsidiary (“Merger Sub”) and Core Wafer Systems, Inc.
(the “Company”) the Agreement was subsequently amended on October 20, 2012 whereby (i)
Merger Sub shall be merged with and into the Company, (ii) the separate legal existence of
Merger Sub shall cease and (iii) the Company shall be the surviving corporation and be a whollyowned
subsidiary of WAFR.
Since there is not a CWS registered in New York there won't be any changes for SOS New york to make only Nevada SOS.
WAFR
damn I thought we had got past this @#$% lol. I guess I didn't pick up on the sarcasm thought you finally understood.
Really I thought this was acknowledged yesterday by you.
Maria56 Member Profile Maria56
Monday, November 19, 2012 6:14:45 PM
Re: dlc7509 post# 26902
Post # of 27507
OMG!! Y'all are right! Sort of...
The Merger Agreement says "The Merger shall become effective upon the filing of the Certificate of Merger with the Secretary of State of the State of New York and the filing of the Articles of Merger with the Secretary of State of the Slate of Nevada."
O-face palm-M-G! OF COURSE, the Certificate was FILED.
It just wasn't Accepted. It hasn't been Rejected either (which means the filing wasn't altogether unacceptable).
But it doesn't matter whether Gary finishes it or not...
...because it only has to be filed!
Clever, Gary, clever! Kudos to the scammers!
GLTA.
I like the green today Mulligan lets see some more tomorrow.
I think that the people saying this is going up soon is because we expected the information on CWS's value to be in the Q3 but it wasn't.
This still is the kicker to this stock going up or down would you all agree?
I guess my biggest question is what is CWS worth? A PR with the details of the merger would be great even if it's an estimated value.
Since this is a reverse merger I would expect the value to go way up on WAFR.
Yes for sure !! I been thinking that this could easily double this week .04 seems to be the spot this sits at lately.
What a great buy at these numbers.I will have to double down again! maybe we will see a penny today.
I am not surprised that they will put more shares in. With the acquisition of CWS the valuation of the stock will be increased wouldn't you think?
My hope is that CWS will put forth more revenue than NEEL ever did and the increase in the amount of shares trading will be insignificant.
We just need a more focused management team that works full time on WAFR!
That is some great news Dlc I hope the rat gets what they deserve a nice trap slamming on their heads!
It is clear that Gary isn't focused on WAFR we need a better CEO.
I am disappointed that Gary doesn't give this more attention he appears to have lost his core values of pride and professionalism and attention to detail.
The board of directors should get busy looking for a new one.
I am looking forward to some positive movement.