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Like everything else you read...you misinterpret the information provided. I did not say anything of the sort. I said I don't have to do that...because EWSI is doing it for me. It really isn't that hard to comprehend my brief post.
I don't need to keep it down...EWSI financials and CRUSHING debt will do that for me.
The same story as last year...when you can't prove it in your 10K or 10Q...You put out a press release. The only true picture is shown in the 10K and 10Q financials. all else is noise. just like last year that drove the stock up...guess what it came down based on reality. Same will happen here.
Same OLD SONG. Remember last year...Everyone was promised the moon from EWSI and Martie...none of which came true. He is promising again...Same people are biting. To Martie you all are a bunch of fish., he keeps baiting you and you keep biting. Looking forward to the fish fry coming soon.
Me too. Marie's letter to shareholders looks like a desperate attempt to prop stock up to dilute.(needs to pay the bills)
Same OLD SONG. Remember last year...Everyone was promised the moon from EWSI and Martie...none of which came true. He is promising again...Same people are biting. To Martie you all are a bunch of fish., he keeps baiting you and you keep biting. Looking forward to the fish fry coming soon.
Stand By for FURTHER DILUTION
Stand By for FURTHER DILUITION
Fact is Fact...net loss from continuing operations of $6,432,826
"Livin' on a Prayer" by EWSI
LOL...This thing is a DOG...promises of BIG revenues...LOL...Where are all those Chinese revenues the longs swore would be in Q results....LOL. I smell a BK
Martie may have a different motive to help inflate share prices (i.e. "cook the book" as some have stated)
It would be WAY to obvious to attempt to inflate the share price by providing misleading information and then sell his shares...most people would see right through that. However, if Martie was attempting to inflate the share price (as mentioned above)to use the shares (at the inflated price) to acquire businesses with legitimate revenues.(thus further driving up the stock) Once all of the initial issues(with the VIE, etc.) are uncovered Martie and EWSI share price would not be so negatively affected because EWSI would have acquired legitimate businesses, with legitimate revenues, thus furthering their business model and driving up the stock price...once all complete, he would then CASH OUT. Of course this is all just complete fiction
That is my $.02
Insolvent by any measure. you have not been "FOLLOWING" me for a few month...I have only been on this blog for a couple weeks.
Sorry. wrong person. I too am an industry executive. I am probably more familiar of EWSI model than most. If you are an industry executive, you surely understand what I am referring to regarding risk. No capital means no growth for EWSI. selling a few million shares of stock a day....amounts to nothing in terms of working capital. They can't make it without additional financing...which is not likely forth coming.
EWSI is insolvent.
EWSI is insolvent.
The good news is you only have $364.00 to lose.
The lack on knowledge, of the industry that EWSI reside, by some on this board is shocking. No reputable company such as a large producer of e-waste is going to risk its Brand by sending waste to company that is insolvent. Mom and Pop's may, but no large producer with a valued brand will do so. They would not want their Brand ending up in an abandoned warehouse in Ohio, or in a picture of a kid, in a third world country, chewing on a power cord with their brand on it. Do you get it? Its all about Risk....They will NOT take that chance.
Are you reading the same 10k we just read? You must be referring to another company. 800K revenues, Debt galore, Default on LOC, This is OVERVALUED IMO
I can answer simply: NO
Show me the revenues in the 10K...you can't they are NOT there. if NOT there they don't exist. In the NUMBERS not the VERBIAGE. Show me one line in the 10K NUMBERS that shows China revenues...Just one line. NOT There. DRHarleyboy is correct.
Please leave the Sticky...
"Our counsel has advised us that any pending legal actions should be able to be resolved without significant impact on the Company. We are not aware of any pending legal proceeding to which any of our officers, directors, or any beneficial holders of 5% or more of our voting securities are adverse to us or have a material interest adverse to us."
Does not say "is resolved" or " will be resolved"...it says "Should be"
Which only the Judge or Jury can determine.
DR. I agree....They just don't get it.
I didn't say Laptop warranty repair (which I believe is a dying model as well, as previously posted) I said:
"Who wants to send their E waste to a company that doesn't' have the capital to pay its bills? Who?...Anyone....No One..Not long term."
Tells me how little you really know about this business and industry. I think it was you that I asked to name their top 5 competitors...You haven't done so yet. Do YOUR DD...it goes a long way.
Who wants to send their E waste to a company that doesn't' have the capital to pay its bills? Who?...Anyone....No One..Not long term.
Probably an attempt to figure a new way to pump up revenues
I am making the assumption that the AUDITORS have read the agreement....ALL HAVE CONCLUDED including the revenue is inappropriate. I guess they are all wrong too. The other companies can continue to do business in China...They have figured it out. EWSI ...not so much.
Read the standard,,,It ain't coming back
I don't believe Consolidation is appropriate. Sorry, But I believe the Revenue from the "Lease agreements"...has vanished, gone.
Please read:
FASB Accounting Standards Codification 810, Consolidation (the VIE model)
and
ASC 810-10
Looks like the 3 accounting firms are correct.
That is exactly what I said about the 10K....NUMBERS DON'T LIE.
Ohio Facility e-Stewards certification suspended.
Why would they not have it together enough to insure this didn't happen? This is a very important certification in this industry.
"2trg achieved e-Stewards certification and that certification was expected to be continued by the new owner e-Waste Systems Inc. Currently however due to several factors including a sudden change of address and a lack of required reporting of significant operational changes to the certifying body, the certification has been suspended."
http://pr.e-stewards.org/2014/03/crt_glass_located_at_former_2trg_site_in_cincinatti_ohio.html
Actually a good point. Honestly, I haven't speculated on that issue.
The company is not going to communicate...because it would only be communicating BAD news. If it had GOOD news to communicate....you can be they would have already done so. IMO
Good Assessment.
If true...Why are they in default on LOC?
[color=red][/color]The 8k says nothing about Revenues "being there" What it says is :
"The interests in XuFu were initially consolidated on the Company’s interim financial statements as a Variable Interest Entity (“VIE”)"
Most are simple construing "Interests" equate to Revenue....Not so.
It seems interesting to me that some believe that TWO (2) Accounting Firms weren't smart enough to figure out how to include these revenues...In fact one resigned and stated exactly the reason...Contracts in china are Fluff...Air...
EWSI press Release when they hired Malone Bailey (below) Now magically the third audit firm is going to figure this out... Do you REALLY believe that?
"In addition to finding the skill-set that can help us achieve our exchange listing goals, it is crucial that our new audit firm have a strong on-the-ground presence in China, because we expect to continue to experience tremendous growth there," said Mr. Nielson. China's economy is the second largest is the world and research shows that as much as 70% of the world's electronic waste ends up in China2, of which the majority is handled by informal processing centers, where health code and environmental regulation violations are often the norm.34
EWSI's audit partner is George Qin, one of five SEC Audit Partners, who also oversees MaloneBailey's practice in Beijing, China. "We are excited to be working with such a well-respected audit partner," said Martin. "And, we are pleased with how Mr. Qin and the MaloneBailey team fits with our overall strategy."
These are my personal opinions.
How can anyone read the 10k and spin a positive out of it? This thing is a dog. It is dead. Flat Broke. Convertibles....Done, over. BK right around the corner...In my opinion.
not likely. .but good spin
excuses and more excuse...it is a dog. All of you "faithful" investors will certainly have an opportunity to gobble up more shares tomorrow when the bottom drops out of this thing. (just my opinion). Do the "faithful" investors realize the facts are in the numbers...not the verbiage. Help me understand...All of the company's revenues are associated with China? If true, and was producing significant cash flows, why are they currently in default on their credit line?