PPS Updated! It was the Chinese Revenue issue all
Post# of 3844
Posted On: 05/21/2014 1:29:57 PM
PPS Updated! It was the Chinese Revenue issue all along!
I'm actually not surprised by this:
Read all the K's & Q's, and all the statements from the CEO and form your own opinion. The reality is that this is a real company and they are filing numbers through the SEC in a timely manner.
Quote:
We were incorporated on December 19, 2008 in the State of Nevada. Our wholly owned subsidiary, E-Waste Systems (UK) Ltd. was founded in January 2011 for the purpose of implementing our business strategy and has had limited operations. We acquired all of the issued and outstanding capital stock of EWSO on October 14, 2011. On September 20, 2012, certain of the assets and business of EWSO were physically transferred to Two Fat Greek, LLC. In 2013, the company acquired 100% of Surf Investments and entered into a series of lease arrangements through XuFu which was previously consolidated as a Variable Interest Entity. While the lease agreements are still in force and generating revenues, the company is working with XuFu to ensure that sufficient operational and financial controls are in place to warrant consolidation and has de-consolidated for the purposes based upon the suspension of the management and related agreements creating the VIE. It is expected that this will be resolved in the second quarter of 2014.[/quote]
http://www.sec.gov/Archives/edgar/data/148830...inbody.htm
I've been to EWSI facilities and attended the grand opening in Cincinnati. I know Martie. Martie is ALL about measurables. There are those that like to give him a daily bash, but he is a good guy, and he has yet to sell any shares.
You can feel free to look it up at EDGAR. All verifiable. In fact NO insider has sold yet.
Again, I did not like the revolving accountant game last year. It made everyone uneasy and did nothing but fuel rampant speculation. It appears Martie finally found the right accounting firm with the right area of expertise.
Give Martie his props here. He had to eat a boatload of crow based on prior projections. As a businessman, I’m sure it killed him to have to leave that revenue on the table. If the 10K had come out with $20M on it audited, less people would have questioned his competence. Dealing with adversity in growth is also a solid character trait.
Its time to again revisit basic math on $EWSI. The longs know what they hold, and here's why we toss out the emotional games and look at the numbers.
Based on 400M shares.
Martie said that 2013 would be substantially ahead of $12M. Looks like he said he has left $20M on the table. We now know what substantially means. I originally was running with $19M based on Sadler statements, as well as the 2Q & 3Q unaudited numbers that CLEARLY CONTAINED THE CHINESE REVENUE EXPECTATIONS. Now Martie has stated the 2013 number that they are trying to solve by the end of 2Q2014. $20M is a nice 2013 number.
Awesome growth, and Martie has stated that he will continue to focus on his growth as a priority for 2014. Feel free to scale the Q4 up and down based on your own DD.
The next thing we have to discuss is a multiplier value. I’ve used all sorts of econometric modeling to test out different theories, but a good back of the envelope Market Cap multiplier should be about 5+ times a company's annual revenue. This multiplier adjusts up or down for profitability, growth, assets and other variables, but it is a good back of the envelope estimator. Feel free to use your own. I modeled everything from 2.25 to 7.75.
$20M, making market cap 5x20=$100M Market Cap
@ 400,000,000 = $0.25 PPS
So right now we not only have a PPS BELOW the annualize revenue, but we are trading substantially below a completely reasonable PPS estimate.
Lets roll into 2014 Numbers, and use Martie’s words on projections, but doubling of Q’s has to slow down at some point. You can play with this as well, but thus far, one must take Martie at his word on his business plan for 2014. I’m going to take his $50M estimate and over perform to $60M. He likes to downplay numbers so he can surprise in a positive way.
Hopefully any future S8 shares will be tied to performance benchmarks, especially for consultants. Tie them up for a year as well. Lots of flippers get hung up on dilution, and there's been a huge amount speculated on this, but proper dilution does have its place in growing a company out. These are my estimates and you can scale them at will.
2013 TTL 20M
Q1 -14 ~12M
Q2 -14 ~15M
Q3 -14 ~15M
Q4 -14 ~18M
2014 TOTAL: $60M
Market cap: depends on multiplier.
At 3.0 = $180M or $0.45 PPS @ 400M Shares
At 5.0 = $300M or $0.75 PPS @ 400M Shares
Feel free to mod the math with your own projections. Do your own DD on this one. It is one of the only OTC stocks that I trade, as it operates with the clarity and filing of a big board company.
I'm actually not surprised by this:
Quote:
To complete the picture, our new audit firm will complete a full audit of the Invested-Asset Operations so that we can consolidate the revenues and start making the intrinsic value of our firm more clearly recognized in the market.
Quote:
Our Invested-Asset Business includes primarily our significant Operation in China. Our decision to shift
operations to the Invested-Assets group meant a shift of nearly $20Million in revenue. Our decision to
move the operations was done after careful consideration and was ultimately made to give us time to
strengthen the controls and compliance foundations necessary to be consistent with our commitment to
remaining a SEC fully reporting public company.
Read all the K's & Q's, and all the statements from the CEO and form your own opinion. The reality is that this is a real company and they are filing numbers through the SEC in a timely manner.
Quote:
We were incorporated on December 19, 2008 in the State of Nevada. Our wholly owned subsidiary, E-Waste Systems (UK) Ltd. was founded in January 2011 for the purpose of implementing our business strategy and has had limited operations. We acquired all of the issued and outstanding capital stock of EWSO on October 14, 2011. On September 20, 2012, certain of the assets and business of EWSO were physically transferred to Two Fat Greek, LLC. In 2013, the company acquired 100% of Surf Investments and entered into a series of lease arrangements through XuFu which was previously consolidated as a Variable Interest Entity. While the lease agreements are still in force and generating revenues, the company is working with XuFu to ensure that sufficient operational and financial controls are in place to warrant consolidation and has de-consolidated for the purposes based upon the suspension of the management and related agreements creating the VIE. It is expected that this will be resolved in the second quarter of 2014.[/quote]
http://www.sec.gov/Archives/edgar/data/148830...inbody.htm
I've been to EWSI facilities and attended the grand opening in Cincinnati. I know Martie. Martie is ALL about measurables. There are those that like to give him a daily bash, but he is a good guy, and he has yet to sell any shares.
You can feel free to look it up at EDGAR. All verifiable. In fact NO insider has sold yet.
Again, I did not like the revolving accountant game last year. It made everyone uneasy and did nothing but fuel rampant speculation. It appears Martie finally found the right accounting firm with the right area of expertise.
Give Martie his props here. He had to eat a boatload of crow based on prior projections. As a businessman, I’m sure it killed him to have to leave that revenue on the table. If the 10K had come out with $20M on it audited, less people would have questioned his competence. Dealing with adversity in growth is also a solid character trait.
Its time to again revisit basic math on $EWSI. The longs know what they hold, and here's why we toss out the emotional games and look at the numbers.
Based on 400M shares.
Martie said that 2013 would be substantially ahead of $12M. Looks like he said he has left $20M on the table. We now know what substantially means. I originally was running with $19M based on Sadler statements, as well as the 2Q & 3Q unaudited numbers that CLEARLY CONTAINED THE CHINESE REVENUE EXPECTATIONS. Now Martie has stated the 2013 number that they are trying to solve by the end of 2Q2014. $20M is a nice 2013 number.
Awesome growth, and Martie has stated that he will continue to focus on his growth as a priority for 2014. Feel free to scale the Q4 up and down based on your own DD.
The next thing we have to discuss is a multiplier value. I’ve used all sorts of econometric modeling to test out different theories, but a good back of the envelope Market Cap multiplier should be about 5+ times a company's annual revenue. This multiplier adjusts up or down for profitability, growth, assets and other variables, but it is a good back of the envelope estimator. Feel free to use your own. I modeled everything from 2.25 to 7.75.
$20M, making market cap 5x20=$100M Market Cap
@ 400,000,000 = $0.25 PPS
So right now we not only have a PPS BELOW the annualize revenue, but we are trading substantially below a completely reasonable PPS estimate.
Lets roll into 2014 Numbers, and use Martie’s words on projections, but doubling of Q’s has to slow down at some point. You can play with this as well, but thus far, one must take Martie at his word on his business plan for 2014. I’m going to take his $50M estimate and over perform to $60M. He likes to downplay numbers so he can surprise in a positive way.
Hopefully any future S8 shares will be tied to performance benchmarks, especially for consultants. Tie them up for a year as well. Lots of flippers get hung up on dilution, and there's been a huge amount speculated on this, but proper dilution does have its place in growing a company out. These are my estimates and you can scale them at will.
2013 TTL 20M
Q1 -14 ~12M
Q2 -14 ~15M
Q3 -14 ~15M
Q4 -14 ~18M
2014 TOTAL: $60M
Market cap: depends on multiplier.
At 3.0 = $180M or $0.45 PPS @ 400M Shares
At 5.0 = $300M or $0.75 PPS @ 400M Shares
Feel free to mod the math with your own projections. Do your own DD on this one. It is one of the only OTC stocks that I trade, as it operates with the clarity and filing of a big board company.
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