Nicely put SevenODouble! You summed up what probab
Post# of 3844
Posted On: 03/27/2014 10:44:40 AM
Nicely put SevenODouble! You summed up what probably is keeping heavy investors from stepping forward at this time. Now the question is what metrics and time without black eyes has to pass before they do.
To look at it unemotionally, I submit that most of us, if we were today looking at EWSI for the first time, would not invest. The filing has to be on time ( and w/o the new accounting firm bailing), China business has to become clearer, the results of 2013 have to be what we hope, first quarter 2014 has to be impressive inline with expected growth, and some new compelling PR has to come out. It's that simple.
As to that quote about companies not being able to talk turkey with a prospective client, it's very curious to me. How does an accounting firm with a great reputation screen new clients? I can say with surety that no reputable accounting firm gets in bed with a new company w/o some DD and knowledge what they're getting into. They don't just go down the phone book and randomly pick. And if this statement is true in practice we have no guarantee this new firm will not just be another false start.
To look at it unemotionally, I submit that most of us, if we were today looking at EWSI for the first time, would not invest. The filing has to be on time ( and w/o the new accounting firm bailing), China business has to become clearer, the results of 2013 have to be what we hope, first quarter 2014 has to be impressive inline with expected growth, and some new compelling PR has to come out. It's that simple.
As to that quote about companies not being able to talk turkey with a prospective client, it's very curious to me. How does an accounting firm with a great reputation screen new clients? I can say with surety that no reputable accounting firm gets in bed with a new company w/o some DD and knowledge what they're getting into. They don't just go down the phone book and randomly pick. And if this statement is true in practice we have no guarantee this new firm will not just be another false start.
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