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Bids building....this could run back to .50 soon
Oh yeah big projects coming from Shanghai, china. I know they are forming deals their for ewaste and logistics industry. Revenue from their doesn't surprise me but you need money to make money.
If you like tnke you should check out their partner company. They should be higher than tnke but had accounting issues with china where tnke is making their money. Tnke can show this in their financials because they are unaudited but it's getting fixed. Check I tout.I bought into a small position yesterday into tnke tons of money in ewaste in china.
That's so awesome when you see third parties printing Ewaste news...Goodwill, Green Initiatives, Cerebra, Broome county, Steuben County....showing 1) not a scam with real operations 2) growing and developing relationships 3) Martin is determined to make this a dollar stock. With revenue coming in and new projects being started and completed, EWSI is going to be a really awesome OTC to have and hold. We are 1 PR from jumping up to .15 in a day. I am hoping we have a nice little uptrend rather all at once....
Ewsi?? Nobody paying attention check what's coming..
Ewsi...Anyone get on it when I posted it at .015 it's up to .022 and climbing
Awesome well written post
He was there for like 15 minutes today got smacked a couple times and left....
I think if csti is taken down who knows where we will finish today....anyone who has done some DD not a good time to sell. When they release the updated numbers that market cap should be around 25 million not 8 million....we kept telling everyone get the .01s now before they are gone...by this time tomorrow we will be saying that about the .02s
I am hoping we close above .02 anything after that is a bonus. News is coming soon....dilution is down to a trickle. Huge blocks went off like nothing and big buyers want millions and millions....this still has a low float check out the insiders have....over 130 million out of the 350 OS ...that's not a lot of shares left over especially for an OTC
Yes people love seeing people lose money and root for that to happen... This movement and volume is great....but there are flippers and profit takers. After a 50% run there needs to be a retrace and some churning.
I am pretty sure they have the china revenues figured out. Again the market always knows...for instance it knew revenues weren't going to be included in the 10k and dropped into the .018s then .012... Just glad we are starting the recovery and moving upwards. I couldn't believe I got to pick up some .01s I got killed in my taxes so couldn't throw more money down. I had 15k in the bank that went to federal state and local. I got a lot of low ones my average is at .021 now...I told you not to worry Chris.
Maxm bought some at .012 not a lot though he will move on a couple more slaps
MMs are pulling back getting very thin...something is in the pipe the market always knows when something good or bad is coming.
Short term....audited amended 10k showing China revenue or q1 2014 showing substantial growth in the US. Minimum expected revenue for 2014 is 50 million....so I mean that's a market cap of 100 to 125 million which translate a price of .25 to .35 with using just the OS of 400 and not the free floating share ratio. Even though Martin isn't selling his 60 million. That is revenue keep in mind and if EWSI is profitable I could easily see a price target in the dollars. Being profitable for a penny stock is very huge and those are the ones that up list. From my research and finding all these ewaste companies who are profitable in a short period of time I won't be surprised that EWSI could became profitable. Two known county contracts in New York and the goodwill contract could carry EWSI to a price of .075 on one fully reporting quarter.
Read some of the posts here and it is pretty clear. Accounting issues with China but that is cleared up. EWSI will file an amended 10k and according to Martin "substantial" revenue.
Yes like the 2nd better and excess of 50 mm....in my eyes minimum revenue
I love this part.....I been saying this for a week......."The revenue generated in China is substantial and is expected to continue to grow at very rapid rates. Our decision merely changed how we accounted for it in 2013."
I didn't see any know corporate mms on the ask...brkt...but was on the bid too. The ask was getting slapped a round a bit and hit .02....too many flippers bought in the .012s hopefully they got out today
Who knows somebody is buying a lot of shares that's for sure. Maybe someone found out something about China. ...
Holy crap someone just bought a million shares....something is definitely up....maybe verification revenues are real?
I really think we are this low because of the accounting mess.....if EWSI and accounting issues can be cleared up with the revenue this will go big...if not we go lower simple as that. It's all What YOU believe or can find. Do operations in china exist or don't exist? In opinion from research I believe revenues in china exist and this will be cleared up.
Ok...so your saying revenue never existed? Why didn't any insiders sell their shares then? Why did they even go to all that trouble to file a 10k? Look up what a vie is and it would make more sense. Remember this is an audited 10k....where did the money go? Did it go to operations like the 10k says???? There has to be operations...right? Remember it's audited...7 million just fall out of the sky it went to operations. A vie is basically consolidated numbers in a consolidated financial reports....new accountants couldn't verify anything if consolidated right? So they have to redo a whole years worth of numbers from china in the correct accounting terms. I could be wrong but find it hard to believe Martin would go to all this trouble for nothing. Right now what did he get out of this company...check the sec filings he takes his salary in shares. It doesn't make sense to make up revenues....he has a lot to lose...check his past history.
Did you read the letter or the posts or the accounting standards in the 8k? De-consolidate!!! VIE consolidated financials can't be verified Sadler screwed up....they have to deconsolidate and go through all the numbers.....
If Martin lied about revenue why didn't he sell his shares????? If the revenue didn't exist why did he file a 10k at all??? Why didn't he dump his shares??? Why would they file an 8k stating all the accounting stadards to de-consolidate all the VIE revenue if there was no revenue?
If you read anything about a Why EWSI used a ViE is was because Sadler forced EWSI to use it as a consolidated VIE which was incorrect. Consolidated numbers especially from China was the wrong thing to do. If you look at the accounting standards in the 8k it states plain as day...EWSI needs to deconsolidate all numbers from the VIE and have the new accountants to go through all those numbers. This takes time when your dealing with millions in revenues. It doesn't make sense in the slightest bit for Martin to lie. He holds millions and millions of shares and haven't sold. If he did make the numbers up he would of dumped his shares before the 10k....again Sadler screwed up on the vie and told EWSI to consolidate all numbers from china. Read what a VIE is set up to do....not sure what Sadler was thinking that is why everyone is firing Sadler right now.
Yes glad you got that every company that isn't in the black has to post that information. ..that is majority of the otc market by the way. 8k and standards clearly state they are going to fix the accounting issues.
Actually glad you brought up the 5 eplants up and running by the end of the year...can't just use negative information in the 10k...5 eplants will generate anywhere from 9 to 18 million...is 15 million times 5 please. ..haha
Nice good sign...people do their DD they can figure out what's going on...too much verifiable information...scam? No one shred of proof zero...give me anything please. ..I have county contracts pictures facilities labor pacts and other agreements.
Actually no why don't you read where some of that loss went to....This is your first 10k? Read it...7 million isn't from operations...read through to find that information then post it correctly
Here check out how much ewaste companies are bringing in
http://news.medill.northwestern.edu/chicago/news.aspx?id=183350
It's cool they are actually buying more if you read the sec filings...If you live close enough to Cincinnati you can drive to the plant which signed a huge contract. ...40 million pounds at .50 a pound isn't bad
Insiders selling? Think they are smart enough to know when to sell definitely not now...look at the chart. .hey do your DD might surprise you. I wouldn't trust someone telling you to do this haha...
I know...do you even know where that money went? Or how much money is in ewaste???? Open a facility with no money...they spent a couple million to make 9 to 18 million a plant...they have 5 opening you do the numbers
You mean the 150 million they hold and haven't sold a share yet to date....wow imagine that insiders own over half the OS and haven't sold a share....don't you think they would of saw this coming and sold? Nope they know what they own
Stop sign...oh man that's sucks warning right off the bat...no wonder nobody is buying
http://www.otcmarkets.com/stock/GPSI/quote
Haha wow...I guess you really don't know what they were doing? Yes billions are being diverted through ewsi...This post actually has nothing to do with ewsi. Thanks though
Haha he is in the picture holding the scissors with Martin....so thanks for the post.
Agree....EWSI will prevail on this short term problem. It seems all the panic selling is done and should move north of this area. Just hoping the amended 10k comes soon with some good news. Not one of the 90 million insiders shares have been sold....
Wow look at how thin the level 2 is on the ask and I don't see a corporate mm on the ask until .019....it doesn't look like dilution to me...