Tuesday, September 22, 2009
EWRC - Can't Pay Their Bills
EWRC was placed on Admin hold and is in default.
An entity is placed on administrative hold by the Accounting department when that entity has submitted a bounced check or has a trust account that is in a negative balance.
To sum it up EWRC owes Nevada money and/or has bounced a check. They remain in default since their last reverse split of 20-1. That might be the reason we haven't seen a reverse split just yet. Although it hasn't stopped them from virtually maxing out their 7 billion authorized shares.
Take a look at the Secretary of State filing for EWRC. It has almost more amendments than our constitution.
You have to wonder what legitimate company would let their Secratary of State filings remain default while peddling an obscene amount of shares to unwitting investors. Do we even have to answer that?