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  4. E-Waste Systems, Inc. (EWSI) Message Board

Guidance and earth shattering news PLEASE!! Am

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Post# of 3844
Posted On: 05/21/2014 10:20:58 AM
Posted By: BoBo
Guidance and earth shattering news PLEASE!!

Am I correct in saying EWSI pulled out of China leases due to their lack of adequate procedures and doesn't this mean no ongoing revenue from this source after they did so? And none till they pass muster when they get all the procedures for proper accounting in place? And could this mean the revenue from China before this separation may be invalid and never brought on the books for the same sloppy business reasons? In other words no China revenue at all?

Also, when does the dilution, which seems to be a major ongoing source of working capital, become a problem? People have said the share structure is such that dilution is not a negative at about the level it's been, but that if it grows too much it will be. Does the share price at current low levels necessitate so many shares be sold that dilution does become toxic to their plan, and how investors view them?

Bottom line I guess is are we in a death spiral?

Even if we're not, It seems at best the definition of "long", for me anyway, has changed from "months" back in late 2013 to "years" at this point. Perhaps some more astute players have known that all along. Uplisting now seems 2016 doesn't it?


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