Replies to post #3244 on New Energy Systems Group (fka NEWN)

[weeblewobble09]

I can tell you I'm not short. I do think in this environment NEWN mgmt should do EVERYTHING they can to address any single red flag. They started posting photos of their warehouses and all that did was make things worse as there were a bunch of problems with them.

It doesn't matter how trivial the red flag might appear to be, they should address them. John Matteo never answered my emails regarding Anysolar.


IMO had NEWN adequately addressed all of the red flags the stock price would be around $7 right now. Still undervalued if their numbers are real but much better than $3.60.

Their inability to properly answer many of the red flags leads to believe that they can't.

[realfast95]

page 18 of the 10K - clear, concise and answers the question.
End of subject (the long form of the birth certificate)

Company recorded $675,000 and $103,000 and $32,000 as stock-based compensation to consultants, an independent director and an IR firm, respectively, during the year ended December 31, 2010.

Those consultants who were granted stock as compensation are working as branding strategy and financial consultants. The branding strategy consultants help the Company conduct stage analysis in the development of products and the industry; analyze customers’ motive of purchase; analyze market segmentation of similar brands; set strategic models and develop principles of the Company’s self-owned brands; assist the Company in identifying target consumers and designing brand development strategy; advise the Company on implementation of brand strategy including brand recognition, packaging, advertisement, etc. and draft brand strategy planning reports. The financial consultants provide the Company financial advice on matters including: mergers and acquisitions (“M&A”), management buy-outs (“MBO”), restructuring, asset management, investment and financing.

[downthehatch]

excellent post, Cha Tea.
I believe you are right, and those of us who believe in NEWN will be rewarded for our patience!

I have been in it for a long time, and see no reason for all the pessimism. You can make up a story with a bunch of evidence fragments about anything-- just look at all the nutty conspiracy theories about 9-11.

Thanks for a very well written post.