Take the time to read the filings and PRs. Don't
Post# of 3844
Posted On: 04/23/2014 10:19:32 AM
Take the time to read the filings and PRs. Don't get message board projections confused with what the company has actually stated. The company never stated 13 - 15M 2013 gross revs. What they said was conservative 12M revs with conservative 6M in the final Qtr. The numbers that were reported previously in the Qs, when combined with the conservative final Qtr projection of 6M obviously added up to about 14.3M.
Anyway, the Letter to Shareholders was very nice today and supports the idea that EWSI will accomplish 100M FY2014. I sent the following e-mail to the company today:
"Thanks for the update Martie. I appreciate your candor. Another shareholder has suggested that you consider auditing your Qs for FY2014. Personally I think the added expense is well worth it to eliminate any doubt at all about revenue numbers being reported in your Qs. This would solidify the idea that you actually have legitimate accounting procedures in place in China that are reportable under GAAP. There are only positives associated with a move like this. Investors saw 93 percent of prior reported revenues vaporize at the last second. Auditing your Qs after considering all angles IMO is a stellar idea.
Best Wishes and thanks again for today’s update."
Anyway, the Letter to Shareholders was very nice today and supports the idea that EWSI will accomplish 100M FY2014. I sent the following e-mail to the company today:
"Thanks for the update Martie. I appreciate your candor. Another shareholder has suggested that you consider auditing your Qs for FY2014. Personally I think the added expense is well worth it to eliminate any doubt at all about revenue numbers being reported in your Qs. This would solidify the idea that you actually have legitimate accounting procedures in place in China that are reportable under GAAP. There are only positives associated with a move like this. Investors saw 93 percent of prior reported revenues vaporize at the last second. Auditing your Qs after considering all angles IMO is a stellar idea.
Best Wishes and thanks again for today’s update."
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