After almost six months EWRC was finally able to pay their debt due to the Nevada SOS. Congratulations, I wonder where the money came from?
EWRC is now ACTIVE.
As we pointed out on numerous occasions the default status was just one of many red flags for anyone even thinking about buying shares in this reverse split offender. They have finally resolved the default issue and with the authorized shares just about maxed out you have to wonder the reasoning behind becoming active after being default for so long. (besides the obvious of not having the money to pay their bills). A company in default with their Secratary of State is unable to raise their authroized shares. The last thing EWRC did before neglecting to pay their bill, was raise their authorized shares to 7 billion. You get the point.
Lets see what happens next. I've called all the shots for EWRC including the 2 sentence offer acceptance press release, which could have been writtien by a second grader. The Nevada SOS issue was another.
But lets be clear, simply paying a bill thats 6 months late, does not erase the aweful history this stock has. The most vague and proposterous of press releases has done little to move this stock, much like the last two years. Any "loyal" investor has lost money, plain and simple and that is a crime. Let us hope others do not see their money taken from them via vague and misleading press releases and obscene reverse splits.
Happy trading.
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