...simply referring to the expectation of revs ann
Post# of 3844
Posted On: 06/30/2014 12:39:22 PM
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...simply referring to the expectation of revs announcement that many must be experiencing *except* the 'many' that are the market, lol.
MN addresses that here:
http://www.ewastesystems.com/wp-content/uploa...-05-21.pdf
Risks Associated With Our Business
We have limited operating history. 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.
Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stages of development. As we grow the business, we are expanding systems but the implementations have challenges including added cost as we expand our infrastructure to keep pace with our growth. We cannot assure you that we will be successful in addressing the risks we may encounter, and our failure to do so could have a material adverse effect on our business, prospects, financial condition and results of operations.
http://ih.advfn.com/p.php?pid=nmona&article=61859415
... so the bolded statement not only appears in the “Risks” section of a 10k but with “expected” falls well within forward looking jargon. Make a nice surprise wouldn’t it?!!. C’mon Marty!.
MN addresses that here:
http://www.ewastesystems.com/wp-content/uploa...-05-21.pdf
Risks Associated With Our Business
We have limited operating history. 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.
Our prospects must be considered in light of the risks, expenses and difficulties frequently encountered by companies in their early stages of development. As we grow the business, we are expanding systems but the implementations have challenges including added cost as we expand our infrastructure to keep pace with our growth. We cannot assure you that we will be successful in addressing the risks we may encounter, and our failure to do so could have a material adverse effect on our business, prospects, financial condition and results of operations.
http://ih.advfn.com/p.php?pid=nmona&article=61859415
... so the bolded statement not only appears in the “Risks” section of a 10k but with “expected” falls well within forward looking jargon. Make a nice surprise wouldn’t it?!!. C’mon Marty!.
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