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I know haha well they were an expense because ewsi paid for them....In 2013 tnke price jumped over .50 a month ago in 2014 oh well couple million ain't bad
Well if they were worthless.....I bet they sold them for over .50 a share. That's nothing though they only probably got a couple million. ..
That's nice you have inside information and is posting this on a message board. Ewsi is an audited company that is very transparent and you are making this too obvious what you are doing.
Ewsi us already generating revenue on the books in Cincinnati and Geneva. With another eplant opening up in Italy any day now. Each eplant can generate at a minimum of 9 million a year. That's one shift working 8 hours...Martin is in China reworking the leases to get them on the books.
See this was posted to you several times but you seem to ignore this coming from Sadler. It's filed with the sec with Sadler letter agreeing to what they told ewsi to do with the Chinese revenue.
Did you even read my post? Sadler allowed the revenue they are the ones that recommended it to be a VIE...I have posted this 3 times for you. Again SADLER HAD NO Problem with the revenue. They dropped the ball by making it a VIE. Malone didn't want to touch sadlers mistake so now new accounting firm needs to go through all the un-consolidated numbers.
Sadler had them claim it as a VIE consolidation after looking over the revenue and expenses. ..This was actually wrong thing to do at the time. Malone didn't want any part of the VIE so quit. New accounting firm is taking care of this since they didn't have adequate time to go through all the de-consolidated numbers. It's all in the 8ks and 10k...I posted that info before
I like how you think...I am glad you brought that up because in the 10k it says there is a vast opportunity in China because of the amount of e waste and no facilities. .. making deals...nice
Haha go ewsi Martin in Shanghai as we speak
What? How do you make that assumption to anything in the 8k or 10K. ..what info did you read that would make you assume that????
Actually I researched it for you many times and posted it for you...what does the 8k say please? Oh wait that doesn't count? Wait didn't Sadler have a letter stating this was all correct....yes...didn't Sadler want this counted as a VIE but shouldn't have?
Actually Sadler is the one that wanted them to count the revenue as a VIE so don't post misleading information. ..where are links? Or even quotes? I posted this information about 3 times for you black and white on the sec.gov website.
To be honest...it all depends on how Martin does in Shanghai right now. He is reworking out the lease agreements and news about this should happen soon. If he can strike a deal that meets sec auditing regulations we will be in good shape.
Yes isn't dealing with Chinese companies and their books are closed from outside entities? China is not a democracy you know...Most small companies open up with Chinese government funds. It's actually in a 8k when they first went into these agreements.
Actually Martin holds the most shares out of anyone and hasn't sold a share. There is proof on the sec.gov website. Actually 80 million shares are held my insiders and nobody sold. There is proof where is yours? All the dilution went into the company fact in the 10k.
Good and bad news in the 10k you can't ignore one side or the other...plants are real nobody can dispute that neither the 9 million a piece they bring in
Yes 5 eplants up and running by end of 2014 makes me more relaxed 9 million a pop on regular shifts.
Actually incorrect according to the 8k the corrected numbers will be audited so again no disputing those. Sadler screwed up big time making those revenues a VIE. The new auditor is working with ewsi right now to figure it out.
Heard Martin in China now reworking the leases. I really hope this rumor is true and makes it much easier to audit to US standards
Numbers don't lie....Some traders picked a good spot to enter....looks like there was a lot of support. I got to pick up some...not a whole lot but I am happy getting shares here.
If someone was going to sell today was the day...I thought it would of been worse but some investors know what we own. The technology at Geneva and Cincinnati plants is state of the art and will carry this stock by themselves. Goodwill contract also verified in the 10k and county contracts still unannounced.
Sorry still have my eye on the prize with the eplants 5 operating at minimum 9 million a pop is 45 million in revenue. ..we already have 2 in the states no disputing those plants....right?
Exactly not one insider trade....look at some stocks just halted every insider sold and ran for the hills. Nope not here if this was a scam that would of made up huge numbers for the Q3 and sold their common shares.
I agree but the question is some of those losses from china or just from every thing but china. There are good and bad in the 10k. I am very disappointed with the revenue and had a feeling they weren't going to include it from china. It was nice to see they expect 5 eplants up and running by the end of the year. They can generate about 9 million in revenue just in basic operation. I don't like seeing the convertible notes or dilution but this is the OTC. I do believe the china revenues are real and I do believe a nice Q1 2014 will show us some more guidance.
What part are you referring too? You read it?
Again no slight of hand two accounting firms signed off stating
"has concluded that consolidation is not proper at this time pending implementation of appropriate financial systems and controls"
Actually brings more clarity to the situation neither are denying it exists just what to put it in the audited fins
Again give me a copy and paste please....give me one of your red flags please not caps please yelling is not proof of a red flag
Please state one example please it's an audited document....revenue was the only shocker here
Actually no, they are going to have an eplant in Italy any day now. They just signed a labor contract to get this started. Give me one company that requires no money to start out and generate contracts without meeting anyone in person.
I am not a guru in the accounting industry but every time I read the 8k over and over again. It sounds like Sadler made the recommendation to use china revenues as a VIE. Again sounds like an auditing issue and not a revenue issue.
" has concluded that consolidation is not proper at this time pending implementation of appropriate financial systems and controls"
That's an understatement....it all depends on how the 8K released explaining the issue of consolidating the china revenue. I would like to know the numbers even they aren't audited. Plus is the debt stated is any of that from Chinese transactions? I think we need some clarity on the china situation. Actually there were a lot of good things in the 10k but the most important thing revenues were left off from china.
Yes exactly even Sadler stated it's correct...what's funny Sadler counted in the quarterly reports as VIE
I mentioned those things because they weren't released by ewsi but from county records, goodwill contract releases, cerebras financial statements.
What? Did you even read about the deals they have in place for the plants in Cincinnati and Geneva? How about cerebra operation in India? That's great your stating your opinion. .would be nice to back it up with links or facts.
If anyone remembers last time a couple whacks and they left. Who knows what's going on just waiting in that 10k.
Two reasons why we are at .02 right now. I am long on this stock but dilution is definitely one reason. EWSI needed to bring 1.3 million dollars for the closing of 2trg. They did that by not financing but diluting shares turning that 1.3 million into 20 to 25 million of revenue per year. This has been verified and posted many times, I am not going to do it again. Second is the accounting issue, nobody is buying today for the sole reason. Everyone wants to see what they are going to do with the revenues and expenses in China. I believe it will work itself out and if they don't include it....big deal for this to drop we need the revenue to be under 3 million for the year....not going to happen. Best case 15 million putting the market cap right around 35 million with the os being 350 million that's .10 a share. Keep in mind I am using the yearly audited fins and not the 4th quarter revenues times the industrial average.
I am just really curious about the Q1 2014...I think that will be the major difference on this stock. The two American plants running with state of the art equipment. Plus the assets alone will probably double the market cap. Seeing how much revenue produced will definitely be a good sign.
Tomorrow
Thanks for the link....um...it wasn't ewsi glass...read it. It clearly states that ewsi didn't know it was there but will help clean it up with a low bid. WWS Associates Inc is totally responsible for it according to the contract posted in here awhile back.
It's what they do with the sale of diluted shares that is important. ..to me the Cincinnati and Geneva plants were worth the short term price. If they produce 25 million it's definitely worth it. If they buy hookers and coke with it....it's a little different.