Yes I wondered about that myself, where is Tanke getting the money from?!
I'm awfully busy now & when I have time I'll have a look. Noticed the trolls on Ihub posting excerpts of Tanke' financials, and it has to be said, they have a point tho. I never disregard what a basher says, unless its repetitive junk that is proven to be wrong. But ocassionally they call one right and ask basically the same question as us, where's the money coming from? Does Tanke serve as a sort of Angel investor, or Asher type? Both required stock then, be it Restricted or directly sold in the market to get $30 Mil. This is something that needs to be cleared up. If so, at current prices that would simply be devastating, as that would equate to 600 Mil. Would be nuts! But even if they're Restricted it still amounts to the same # of shares, albeit with a Legend for 3 months to 2 years. Luckily tho he won't be needing all that money at once either. So it serves as a LoC. Withdraw money when he needs it & convert it to shares. At least this is how I see it now, without DDing that... Other ideas are more than welcome because I don't like the thought of that!
About the OS. Well we know it has risen don't we?!
Also the Float, and that tells me that shares are sold. Could come from Insiders, but there's no Form 4.
Options, S8, Conversion of debt, Preferreds A or B (converted), ordinary dilution to fund operations... Take your pick.
They must come from somewhere don't they? There has been enough volume to at least account for a decent amount of that...
The #'s should add up! Those who have been longer in EWSI ought to know what the previous OS was & account for shares added to the OS of the last update. These could come from acquisitions and S8's. Add those up with the previous OS count & the difference should be common dilution.
It takes some study but one should be able to compute that... If you check the latest Fin report you'll see +- $5 mil in Current Liability & these ought to be paid in Q4. We don't have the Q4 report, and most likely some, if not all are already paid, I don't know yet. Chances are real that some are moved to this Q, or new Liabilities emerge to pay for, which is normal for a startup, but the money has to come from somewhere right?! These Liabilities come in the form of dilutive shares, thats the way it works, and thus answers where the shares are stemming from. When I see explanations of (Naked) Shorting when there's lots of selling its usually the company that does it. These are Venture Markets so people shouldn't react agitated by that. Its the nature of the beast, thats how it works down here in the OTC. I have no problem with dilution if it ultimately creates value for the company. If the salaries are too high and the company hasn't anything to show for it its time to hit the road. Fortunately thats not the case with EWSI, but the dilution is, and you know what, it will be the same for a couple more quarters, until more money roles in to pay for all costs, operations etc without our help. This is a young company and the debt has to be dealt with as we go along, with the prospect of seeing that paid off with revenue, but until then its the market that will need to come up with money & soak up shares. If the expected revenues for 2014 come to pass then it won't be needed to convert debt or dilute us. The situation should thus stabilize this year... probably 2H 2014...
By which i don't mean that all the selling of late can be attributed to the company, because my previous post described how MM's can make buy volume into sale volume.
All in all its a mix of all
I'm awfully busy now & when I have time I'll have a look. Noticed the trolls on Ihub posting excerpts of Tanke' financials, and it has to be said, they have a point tho. I never disregard what a basher says, unless its repetitive junk that is proven to be wrong. But ocassionally they call one right and ask basically the same question as us, where's the money coming from? Does Tanke serve as a sort of Angel investor, or Asher type? Both required stock then, be it Restricted or directly sold in the market to get $30 Mil. This is something that needs to be cleared up. If so, at current prices that would simply be devastating, as that would equate to 600 Mil. Would be nuts! But even if they're Restricted it still amounts to the same # of shares, albeit with a Legend for 3 months to 2 years. Luckily tho he won't be needing all that money at once either. So it serves as a LoC. Withdraw money when he needs it & convert it to shares. At least this is how I see it now, without DDing that... Other ideas are more than welcome because I don't like the thought of that!
About the OS. Well we know it has risen don't we?!
Also the Float, and that tells me that shares are sold. Could come from Insiders, but there's no Form 4.
Options, S8, Conversion of debt, Preferreds A or B (converted), ordinary dilution to fund operations... Take your pick.
They must come from somewhere don't they? There has been enough volume to at least account for a decent amount of that...
The #'s should add up! Those who have been longer in EWSI ought to know what the previous OS was & account for shares added to the OS of the last update. These could come from acquisitions and S8's. Add those up with the previous OS count & the difference should be common dilution.
It takes some study but one should be able to compute that... If you check the latest Fin report you'll see +- $5 mil in Current Liability & these ought to be paid in Q4. We don't have the Q4 report, and most likely some, if not all are already paid, I don't know yet. Chances are real that some are moved to this Q, or new Liabilities emerge to pay for, which is normal for a startup, but the money has to come from somewhere right?! These Liabilities come in the form of dilutive shares, thats the way it works, and thus answers where the shares are stemming from. When I see explanations of (Naked) Shorting when there's lots of selling its usually the company that does it. These are Venture Markets so people shouldn't react agitated by that. Its the nature of the beast, thats how it works down here in the OTC. I have no problem with dilution if it ultimately creates value for the company. If the salaries are too high and the company hasn't anything to show for it its time to hit the road. Fortunately thats not the case with EWSI, but the dilution is, and you know what, it will be the same for a couple more quarters, until more money roles in to pay for all costs, operations etc without our help. This is a young company and the debt has to be dealt with as we go along, with the prospect of seeing that paid off with revenue, but until then its the market that will need to come up with money & soak up shares. If the expected revenues for 2014 come to pass then it won't be needed to convert debt or dilute us. The situation should thus stabilize this year... probably 2H 2014...
By which i don't mean that all the selling of late can be attributed to the company, because my previous post described how MM's can make buy volume into sale volume.
All in all its a mix of all
