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E-Waste Systems, Inc. EWSI
Posted On: 03/08/2014 12:28:57 PM
Post# of 3844
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Posted By: 12 year pipedream
Having just read this article which is based on a 'scientific' study of the issue of audit firms working with and in China I'm more likely to give the benefit of the doubt to Martin and company. No company seems to be exempt from the challenges of the process and Martin moving at the speed of light coupled with a high Asiatic % of business would logically meet the limits and complexity. One month from 10k again seems reasonable - crunch time. According to the article there is no solution or one in sight. Malone are accountants not base jumpers, lol.  Even if revs have been greatly exaggerated which I highly doubt, the valuation by most accounts here is still low.  Just a gut feeling and wouldn't speculate further with little acctg knowledge or hope of much more. But offer this opinion based on the 50M cubic yards of re-enforced concrete - the accomplishments to date verified by the solid DD here and elsewhere, that is the foundation supporting the structure of this little company. The track record will inform this outcome and dilution as well - well telegraphed part of the plan Martin make's no excuse for.  Bumps in the road/speeding tickets no worries, buying the dips. Call it cheerleading if you want, I call it my gut that guides my trigger finger. These unpleasant tasting ingredients will have no trace in the uplist soup of 2015. Look forward to the further vetting of these issues and the one's to come...
http://www.acfe.com/fraud-examiner.aspx?id=4294976261













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