Posted On: 06/30/2014 10:36:07 AM
Post# of 3844
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could this be the rare exception where the market is lying?
..as well from the 10k:
While the lease agreements are still in force and generating revenues, the company is working with XuFu to ensure that sufficient operational and financial controls are in place to warrant consolidation and has de-consolidated for the purposes based upon the suspension of the management and related agreements creating the VIE. It is expected that this will be resolved in the second quarter of 2014.
..or shareholder letter:
Our Invested-Asset Business includes primarily our significant Operation in China. Our decision to shift
operations to the Invested-Assets group meant a shift of nearly $20Million in revenue. Our decision to
move the operations was done after careful consideration and was ultimately made to give us time to
strengthen the controls and compliance foundations necessary to be consistent with our commitment to
remaining a SEC fully reporting public company.
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If today is the last day 2013 can be amended is this not a huge, pivotal day for EWSI?
..as well from the 10k:
While the lease agreements are still in force and generating revenues, the company is working with XuFu to ensure that sufficient operational and financial controls are in place to warrant consolidation and has de-consolidated for the purposes based upon the suspension of the management and related agreements creating the VIE. It is expected that this will be resolved in the second quarter of 2014.
..or shareholder letter:
Our Invested-Asset Business includes primarily our significant Operation in China. Our decision to shift
operations to the Invested-Assets group meant a shift of nearly $20Million in revenue. Our decision to
move the operations was done after careful consideration and was ultimately made to give us time to
strengthen the controls and compliance foundations necessary to be consistent with our commitment to
remaining a SEC fully reporting public company.
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