EWSI is very confusing these days. It doesn't feel
Post# of 3844
Posted On: 08/24/2014 2:16:39 PM
EWSI is very confusing these days. It doesn't feel like the total scam many say it is. But neither does it seem the "give it some more time, it's only 2 years old" company those still positive say it is.
If those experienced on the OTC, for example, say there is 7 things all passed scams have done and EWSI has now done 5 or 6 of the seven so far, then that seems convincing. Especially when Martin has done nothing in the past few months to make anyone feel confident (maybe that's the 7th thing). LA speaks of knowledgeable investors he knows who saw writing on the wall and bailed (like Buckyboy, and notice no more dShade) a while back. Hard to argue with what many experienced folks do. They clearly must have seen some things they didn't like and that reminded them of other OTC failures/scams. Everyone has their own level of risk, but enough people are gone to be able to say those who've bailed are not just the skittish ones. And, think what you like now, LA19 was definitely not a skittish EWSI investor.
The argument about EWSI being young and needing more time is valid as well. But only with some signs that are consistent with a company trying hard and being up front and communicative. An up and up company would not stay so quiet: stop O/S updates, gag the PR folks, let the drop to pinky happen without a murmur, let the investors twist in the wind and the manipulators have a field day, give absolutely no progress reports on the varied objectives underway (new eplants, monthly progress at Cincy, software sales, partnerships, ewaste consulting engagements, etc.), no explanation of what's up in China.
The ability to see the light at the end of the tunnel is getting harder and harder. The excuses we all give to Marty for what he's doing, or not doing, are getting harder to find. Last week's minimal Q2 info was another of many disappointments. For months we all kept saying "Oh, wait till the next quarter comes out". Then you wait for the quarter to be over, then you wait for the filing, then you wait for the delayed results, then you hear nothing of what you wanted to hear. Then as an investor 95% down (I'm like $10,000+ down to $550) you begin the wait till the next quarter configuring in your head the update from Marty that would explain everything. But as time passes the update needed from Marty to make things alright becomes larger and larger: explanations of all sorts of things, now almost every aspect of the company's endeavors, all of which are suspect.
Right now we're all hoping Marty will come out with a huge update over the next few weeks, about a lot of things. Put us right on all the issues we've been struggling with and analyzing to death on the boards. Make us feel silly about not trusting him, premature in our criticism. Hey, Marty knew what he was doing all along. Praise the Lord!!
IMHO the only thing that can save things is China news. That the leasing agreements have been reconfigured somehow, the revenue is real what ever the hell the accountants call it, the partners there are now on the up and up with good business practices, EWSI is on its way! And the money is so big it means good bye to toxic debt, good bye to losses, so long dilution, see how all those professional fees are now bearing fruit? And Marty announces all the new hires of late and how that newly accomplished fleshing out of the business will bear continued fruit as well.
See that? I still have a dream. One that if Marty would just follow everything would work out. Problem is, he don't seem to be following it.
If I had more powder I would average down big time so it wouldn't take such a large bounce to recoup my money (right now I need a 20X bagger). Get my average down around .015. But I don't. And with not enough left to play the flip game (what everyone is saying is all EWSI is worth) to make some money back I'm sunk.
Lesson learned, right? Boy that's hard to swallow when the financial damage is significant. No wonder I/we keep hoping against hope.
If those experienced on the OTC, for example, say there is 7 things all passed scams have done and EWSI has now done 5 or 6 of the seven so far, then that seems convincing. Especially when Martin has done nothing in the past few months to make anyone feel confident (maybe that's the 7th thing). LA speaks of knowledgeable investors he knows who saw writing on the wall and bailed (like Buckyboy, and notice no more dShade) a while back. Hard to argue with what many experienced folks do. They clearly must have seen some things they didn't like and that reminded them of other OTC failures/scams. Everyone has their own level of risk, but enough people are gone to be able to say those who've bailed are not just the skittish ones. And, think what you like now, LA19 was definitely not a skittish EWSI investor.
The argument about EWSI being young and needing more time is valid as well. But only with some signs that are consistent with a company trying hard and being up front and communicative. An up and up company would not stay so quiet: stop O/S updates, gag the PR folks, let the drop to pinky happen without a murmur, let the investors twist in the wind and the manipulators have a field day, give absolutely no progress reports on the varied objectives underway (new eplants, monthly progress at Cincy, software sales, partnerships, ewaste consulting engagements, etc.), no explanation of what's up in China.
The ability to see the light at the end of the tunnel is getting harder and harder. The excuses we all give to Marty for what he's doing, or not doing, are getting harder to find. Last week's minimal Q2 info was another of many disappointments. For months we all kept saying "Oh, wait till the next quarter comes out". Then you wait for the quarter to be over, then you wait for the filing, then you wait for the delayed results, then you hear nothing of what you wanted to hear. Then as an investor 95% down (I'm like $10,000+ down to $550) you begin the wait till the next quarter configuring in your head the update from Marty that would explain everything. But as time passes the update needed from Marty to make things alright becomes larger and larger: explanations of all sorts of things, now almost every aspect of the company's endeavors, all of which are suspect.
Right now we're all hoping Marty will come out with a huge update over the next few weeks, about a lot of things. Put us right on all the issues we've been struggling with and analyzing to death on the boards. Make us feel silly about not trusting him, premature in our criticism. Hey, Marty knew what he was doing all along. Praise the Lord!!
IMHO the only thing that can save things is China news. That the leasing agreements have been reconfigured somehow, the revenue is real what ever the hell the accountants call it, the partners there are now on the up and up with good business practices, EWSI is on its way! And the money is so big it means good bye to toxic debt, good bye to losses, so long dilution, see how all those professional fees are now bearing fruit? And Marty announces all the new hires of late and how that newly accomplished fleshing out of the business will bear continued fruit as well.
See that? I still have a dream. One that if Marty would just follow everything would work out. Problem is, he don't seem to be following it.
If I had more powder I would average down big time so it wouldn't take such a large bounce to recoup my money (right now I need a 20X bagger). Get my average down around .015. But I don't. And with not enough left to play the flip game (what everyone is saying is all EWSI is worth) to make some money back I'm sunk.
Lesson learned, right? Boy that's hard to swallow when the financial damage is significant. No wonder I/we keep hoping against hope.
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