Action today was exciting (mostly in an oh shit wa
Post# of 3844
Eleniak is screaming dilution. Hopefully everyone here completely understands that we as EWSI shareholders will continue to see some dilution until the company can go cash flow positive. I'm optimistic that we're not that far away from that goal with a current Qtr run rate of at least 2M per month when operating costs in Q3 were still a tad under 1M per month. But hey, that's just my conjecture.
2TRG acquisition should help the balance sheet in multiple ways as they can claim all of their assets and use their losses as write offs. We just need to wait for the 8K on the TCA deal and see what kind of terms we just ate as long investors.
Go back and read the original 2TRG 8K. It shows a bunch of their numbers which probably haven't changed much. EWSI now needs to increase feedstock through both plants and create net cash flow. Project 1st year gross revs are 5M (500K per month). My bet is it will come in closer to 10M...maybe more. PhredG would be a great person to pontificate about the possibility of an immediate increase in product throughput in these facilities.
EWSI just banged out a 5.33M Qtr. I bet we do 7.5 - 8.5 current Qtr. With this type of growth in revs, I'm going to sit on my shares and let the games play out.
That's all for today eh! The rest of the week will be very interesting for sure.
GLTA