Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
lol .0014 bottom & up for now
IMO its made to look that way..Money to be made traded the right way
E-Waste Systems, Inc. Announces Second Quarter 2014 Results
Highlights and Insight Into Developments to Follow
Aug 20, 2014 (eTeligis.com via COMTEX) -- LONDON, UNITED KINGDOM, United States, via ETELIGIS INC., 08/20/2014 - - E-Waste Systems, Inc. (OTC Pink: EWSI) (PINKSHEETS: EWSI) ('EWSI,' 'the Company,' or "eWaste Systems"), an electronic waste management, environmentally focused services and technology company, released financial results for the Second Quarter 2014.
The quarter ending June 30, 2014 reported total assets of $1.5 million representing a 30% increase over 2013 year-end. Total liabilities net of derivative liabilities increased 47%. Revenues grew to $1.1 million representing a 310% increase year to year. The net loss grew to ($.03) versus ($.01) for the same period last year. Full details are available on both the company's website and have been filed with the SEC.
"These quarterly results do not meet our expectations but our goals for establishing a strong platform for growth are completely intact and we expect to move forward with laser-focus to accomplish our plan. When we made the decision to deconsolidate our invested assets in China and elsewhere, complete restatements of 2013 was mandated -- a process that was comprehensive and time-consuming -- but all of that is completed and the restatements filed with the SEC. With that behind us, our undivided attention is on moving ahead to expand our global brand by developing and deploying unique technologies for the industry. We are confident that the rest of 2014 will bring positive developments as we continue to build our foundation and expand our team as well as our network," said Mr. Martin Nielson, Founder & CEO of eWaste Systems. "We have not walked away from the vast opportunities we have created in China and will announce our restructured strategy soon," said Mr. Nielson.
"We continue to invest in our strategy to grow through acquisition and strengthening our existing structures. We have nearly completed the operations in Ohio, New York and California and we expect to receive our industry credentials and certifications very shortly. Our excellent team is dedicated to our core objectives of creating value for our shareholders and we believe we have much to look forward to!" added Mr. Nielson.
Along with the expansion of the Company's foundation, E-Waste Systems is improving the operations of its lines of business represented by the units eWaste, eVolve and eIncubator. Those business units as already outlined in the business plan earlier this year and in the recent quarter filings are routing the operations toward a focused management to take advantage of the rising opportunities of the market. All the e-waste operations are under the eWaste unit which is also operating the facilities in the US while the management agreements and the business leases go under the eVolve unit. Promising ventures that are not ready for acquisition are channeled in the eIncubator program. Further details and updates on our plans and opportunities will soon be provided.
I can see the future!!
trade it don't marry it.. anyone still in long is at a almost total loss...IMO hold it... Updates coming...
how low are you gonna bring this? looks like a wwwweeee bit more to me..
10M dropped now time to fill me up
LOL 10M bid at .0015...
.0014 doesn't want to hit.. what a shame
it ssoooooo is... isn't it :)
I know these things!!
News due shortly..
in at .002 out at .0025.. in at .0016 out at .0019. in at ???? out at ????
keep up the great work!! thanks for making me some easy cash
my sells are filling just fine..
putting all your eggs in one basket is no ones fault but yours...Got me hard to.. 1 mistake in a full year of trading nearly wiped me out.. Trade smart and easy money can be made here.
almost at my next fill... little more please ;)
WOW look at this heavy selling.. LA when is it coming?
every conversion is limited to 5% of the outstanding currently 425M... 20Mish
VFIN is being used as a scare..
FYI PUMA raised his bid just before Q was released
Your right I did beat them ;).. quite an easy read.. this pull back was also predicted to a select few.. Good luck..
expenses will grow.. It was stated the company is in hyper growth..
US operations are growing..
Revenue 6 Months Ended 2013 v 2014
$257,012 increased to $1,054,282
Q isn't as bad as first glance.. easy money
August 14, 2014:
Cerebra Integrated Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2014, has transacted the following:
1. Recommend the increase of Authorised Capital to enable fund raising by way of issue of Equity Shares / Share Warrants / ADR / GDR / FCCB for the upcoming E waste recycling plant.
2. Consequential alterations in the Memorandum of Association and Articles of Association with regard to increase in Authorised Capital.
Martin Nielson is a smart man with a team that knows what they are doing.. The guidance was said for those that listened..I've recouped some and very shortly all...
tough lesson learned...all the writing was on the wall..hope many don't fall for the oh I was right posters...sure as hell will cost them in the future
For the last 18 months we set up a plan to create a global brand, develop state-of-the-art technologies for the industry and accelerate our revenue and that plan is well underway. Based upon our progress to date, we are confident that the rest of the year will recoup rewards based upon the strength of the closed operation and the expansion of our network,” said Martin Nielson, Founder & CEO of eWaste Systems.
IMO This statement says shareholders can expect to see revenue from China hit the books the last half of this year..
The following paragraph states..
The audit firm of RBSM LLP, joined the company at the beginning of 2014, and performed a complete audit of the financial records of the Company for 2013 . The 2013 10K included the fully audited results for the entire 2013 calendar year. The quarterly statements have been revised to conform to the audit and filed as amendments to each of the quarterly filings. At the request of the Company, the auditors and financial consultants prepared restatements of the first 3 quarters of the year to conform to the audited results. “The quarterly filings contain unaudited numbers prepared based upon our best advice but are by definition not definitive until audited. During the audit process, we concluded that the treatment of the activities associated with the penetration of the vast markets in China should be changed but that does not change our commitment to grabbing the opportunities available to us in China. Accounting treatment is only one factor in the business decision and while we would prefer to be able to include the results of our work in China in the financials, this is not a reason to walk away from vast opportunities we have created. The restatements were housekeeping so that the quarterly statements match the audit in all respects”, said Mr. Nielson.
IMO this states EWSI would like to include this revenue based on hope and only that..
In china signing a business contract to bring in 30M in revenue allows that to be accounted for.. GAAP standards do not account for that revenue until money is in the bank sort of speak.
“The 2014 filings are (and will continue to be) based upon the financial structure for 2013."
This is basically a warning the Q is not going to be pretty IMO.
what's more to ponder... The release date of that statement.. 61 days later started some heavy selling which brought us below .01...Also the issuance of more series A which were announced in such a way and timeframe investors would need to wait till 8/20/14 for more information..
Releasing statements like such have been a history of EWSI IMO..
What's sad is the constant posting this will hit triple zeros... This company will be sold or liquidated in .0011-.0015 range if it makes it down that low IMO.
Some info for those still invested. Pulled From Audited K.
Risks Associated With Our Capital Stock
The floating conversion price for our Series A Convertible Preferred Stock may lead to significant shareholder dilution and a corresponding drop in the market price of common stock. Our Series A Convertible Preferred Stock is convertible into our common stock at a “floating” conversion price. This conversion price adjusts according to the market price of our common stock. If the market price of our common stock declines, the Series A Convertible Preferred Stock will be convertible into a greater number of shares of common stock, which has the effect of diluting the ownership interest of all other holders of common stock. If the market price of our common stock were to decline significantly, this dilution could be substantial.
Furthermore, any dilution may cause the market price of the common stock to decline further, resulting in additional dilution and a continued potential adverse effect on the common stock price thereafter. To the extent that the holders of our Series A Convertible Preferred Stock convert part of their Series A Convertible Preferred Stock and sell the common stock into the market, this could result in an imbalance of supply and demand for our common stock and reduce its price. Because the lower limit on the floating conversion price is very low at $0.001 per share, these series of events could lead to a vicious cycle, driving the market price of the common stock downward until it reaches that lower limit. Until it reaches that lower limit, the further the market price of our common stock declines, the further the floating conversion price will fall and the greater the number of shares we will have to issue upon conversion.
Conversion Limitations on Our Preferred Stock May be Waived, Permitting a Change in Control of the Company. Because the Certificate of Designations, Preferences and Rights for the Series A Convertible Preferred Stock contains “blocker” provisions, the number of shares of common stock into which our Series A Convertible Preferred Stock is convertible is currently limited to 4.99% of the outstanding shares of our common stock. However, either or both of the blocker provisions in the Certificate of Designations may be waived by the holder of our Series A Convertible Preferred Stock upon 61-days’ notice.
Consequently, if the holder waived these blocker provisions and converted the Preferred Stock into common stock 61 days later, the holder would be able to exert substantial influence over our company. In addition, depending on the market price of the common stock on the date(s) when the Series A Convertible Preferred Stock is converted, the holder may even be able to control matters requiring approval by our stockholders, including the election of all our directors, approving any amendments to our certificate of incorporation, increasing our authorized capital stock, effecting a merger or sale of our assets and determining the number of shares available for issuance under our stock plans. If the holder acquired this control, no further change of control of our company could likely occur without the holder’s consent.
The holder’s voting control might discourage transactions involving a change of control of our company, including transactions in which you as a holder of our common stock might otherwise receive a premium for your shares over the then current market price. The holder is not prohibited from selling a controlling interest in our company to a third party and may do so without your approval and without providing for a purchase of your shares of common stock. Accordingly, your shares of common stock might be worth less than they would be if the holder were not to acquire voting control over us.
would be nice for a bounce off .003 support..
Recruiting_Campaign_2014.pdf
Refurb/Resale Individuals
EWSI offers the use of well-equipped and vendor-authorized repair/refurb facilities, processing capacity and corporate overhead such as office space, processing space, phone and internet access, etc. Individuals must have strong eBay skills and will remain independent contractors.
Its quite simple..
Tech Charlie has a keen ability to troubleshoot and repair technology.. Provided the tools ( Authorization to repair under manufacture warranty)and leads Charlie now can provide world class service while maximizing revenue.
eBay is STILL and untapped revenue stream many continue to fail at daily..
actually a whole bunch can be done.. This market has been attacked by many with complete failure over the years!!
Quite shocking really!!
eBay, combined with service has the potential to generate 50k-100k per month, per individual..
"Because many of our team members are based in the United States, we are actively pursuing that market as a top priority with a mandate to become the sustainable solution across the entire US” added Mr. Nielson"
83% short.. never has been that high with more than 1M traded..very well could be games.. MN is playing in to it if so
MN & JP probably need new shoes.. More dilution...
and a 22% drop in share price.. guess it doesn't matter though.. As long as they get paid..
4x250k
1x1M
1x100K
1x500k
MN and team can't deny they don't know investors true thoughts... EWSI facebook comments have been removed from the listings..
"They dont own any of chinese revenues. It wont change unless they acquire operations there"
One can only assume the professional fees was the fees paid for this leased operations which clearly have yet to be accounted for as stated so CLEARLY. We shall see..
seems from the outside to line the pockets of Martin Nielson, Julie Peterson, and Dan Feeney while those who invested go bankrupt.