EWRC - The Idiot Willing To Buy EWRC at $.019 Can Now Buy All He Wants at $.0001

EWRC is now bidless. No one wants to buy this stock, just as the Guru had predicted many moons ago.

Anyone remember this press release?

eWorld Companies Receives Major Offer for Purchase of All Outstanding Shares LOS ANGELES, CA, Sep 09, 2009 (MARKETWIRE via COMTEX) -- eWorld Companies, Inc. (PINKSHEETS: EWRC) has received an offer for purchase of all of the company's outstanding shares for 1.9 cents a share. eWorld CEO Henning Morales has forwarded the offer to the company's attorneys for review and due diligence, and the shareholders will be kept informed as further information becomes available. Contact: Henning Morales CEO (310) 471-7674


Here was my take on it back then. http://pennystockgurus.blogspot.com/2009/09/ewrc-who-is-running-this-company.html Today the stock is bidless. EWRC has run out of suckers willing to buy this stock. Whoever was dumb enough to offer $.019 for this worthless company can now do so at $.0001. Just as the Guru had predicted. Beware if the next 10,000-1 reverse split and subsequent ticker change, with the hopes of fooling investors yet again. Of course if you read this blog you'll know what the next EWRC materializes as.

EWRC - Arrest Warrant Issued - CEO Henning Morales Facing Arrest For Evading The Law

Reader's you can search this blog for all of our posts about EWRC.  We have been on top of this money sucking company from Day 1, and today all of our posts about this stock, many of which were laughed at and called slanderous, are being proven true.

EWRC's CEO Henning Morales is on the lamb with an arrest warrant for completely ignoring the law.  He had no trouble sucking the money out of EWRC shareholders the last three years but for some reason he can't abide by the law:

For those of you new to this blog, the chart above illustrates that three years ago EWRC was trading at $24,000 a share split adjusted.  Essentially after all the reverse splits the last three years a $24,000 investment has been turned into $.0003.... and you all thought Bernie Madoff was bad?  Finally the law is catching up with this crook named Henning Morales.  It's one thing to rip of investors, its another to ignore a court of law.

With each of my EWRC posts I received a bevy of emails telling me how I was wrong.  Telling me how EWRC was a great stock and that they were investing their kids college money into it.  They told me how great Henning Morales is and that he is looking out for shareholders.

The stock price speaks for itself.  Henning Morales has lied and now is facing jail time.  The Guru takes no pleasure in people losing their money.  I hope the crooks behind these money pits go to jail and it looks like our buddy Henning Morales might just be headed there... if they can ever find him.




WARRANT ISSUED FOR eWORLD’S HENNING MORALES
LOS ANGELES – Fastlink International, Ltd., a corporation with its
main place of business in Hong Kong, China, and the Law Offices of
Mark R. McKinniss today announced that a warrant has been issued for
the arrest of Henning Morales, co-founder, president and CEO of eWorld
Companies, Inc.  (EWRL).  The warrant was issued following Morales’
repeated failure to appear in response to a subpoena related to the
July 31, 2008, judgment which was entered on behalf of Fastlink
International and against Morales, which judgment is a matter of
public record.  Despite demands by Fastlink and its attorney, Mark R.
McKinniss, Morales has made no effort to pay the judgment and as a
result he was subpoenaed to appear for a debtor’s examination on
December 4, 2009.  Morales failed to appear and a warrant was issued
but ordered held until December 31, 2009, to which date the matter was
continued.  When Morales again failed to appear, Commissioner Jane D.
Myers of the Orange County Superior Court released the warrant.


For further inquiries:
In English:     Mark R. McKinniss, Esq. 310-275-9600
In Cantonese:   Raymond Seto  626-818-2800
In Mandarin:    Raymond Seto  626-818-2800

 

EWRC - Let's Take A Walk Down Memory Lane, More Like Nightmare Lane

For all you EWRC "shareholders" a look in the rear view mirror might give you a glimpse of what LIES ahead.  Your CEO, prior to the 12,000-1 reverse split, said that the reverse split would benefit shareholders!  Now that was a lie.  It did nothing of the sort.  The lies have not stopped and the dilution just continues at absolute mind boggling rates.

Below is the press release that EWDI shareholders were given just before they saw their holdings reduced by a count of 12,000 to 1, toss in the later 20 shares for 1 reverse split and today's 6.6 billion outstanding share count really stands in the quadrillions.  Here is the definition of quadrillions:

quad⋅ril⋅lion

 /kwɒˈdrɪlyən/ Show Spelled Pronunciation [kwo-dril-yuhn] Show IPA noun, plural -lions, (as after a numeral) -lion, adjective

Use Quadrillions in a Sentence

See web results for Quadrillions

See images of Quadrillions

–noun

1.	a cardinal number represented in the U.S. by 1 followed by 15 zeros, and in Great Britain by 1 followed by 24 zeros.

The exact reverse split adjusted number for EWRC from January 2008 using today's 6.6 billion outstanding share count  is:   1,584,000,000,000,000. That's an awful lot of shares. Must make EWRC shareholders pretty excited to be holding shares that, reverse split adjusted, number in the quadrillions.


Back in 2008 when EWRL, I mean EWDI, I mean EWRC, with each reverse split it gets tougher to remember which ticker this company has had, decided to do the 12,000-1 reverse split there was even talk of a share buyback!  That would have been great news.  I bet it drew in a couple more suckers before the guillotine whacked whatever shares they bought into nothing.

Here is that big lie of a press release, once again protected by the Safe Harbor that is so boldly posted directly on the main page of EWRC's web site (BTW:  EWDI = EWRC 2 reverse splits ago.  Same company, same management, just before shares were reduced by a 240,000 to 1 count)

eWorld Companies, Inc. Announces Plans for Upcoming Reverse Stock Split
PR Newswire - January 10, 2008 9:41 AM ET


eWorld Companies, Inc. (Pink Sheets: EWDI), announced today that the company has filed the necessary paperwork and expects a reverse split of its common shares to be completed on January 17, 2008. The terms of the split will require all shareholders to turn in a physical certificate in order to receive their new shares. The Company has also announced that they are contemplating a stock buy back after the reverse is complete.

Upon releasing this announcement, Henning Morales, Chairman and CEO of eWorld Companies, Inc., stated, "This reverse split should benefit our shareholders in several ways. The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders, to better identify the magnitude of the short position we believe may have existed in our stock, and to signal the marketplace that we are positioning ourselves as a company worthy of serious consideration as we prepare to move out of our developmental stage and into our marketing and expansion mode. The timing of this restructuring is reflective of the steady progress of our fund-raising efforts, and coincides with the final beta testing of several Internet technologies that we will officially release to the public at our official launch in February 2008. We are very excited about the future of our company, and look forward to making additional important announcements in the coming weeks and months." 



Just look at what the CEO is saying! The movement to a significantly smaller number of traded shares will allow us to better service our legitimate shareholders


You service your shareholders by reverseing their shares 12,000 to 1 and then 20 to 1 only months later leaving them with virtually nothing! A year later you dilute the stock back to 6.6 billion, how is that service? Seems like shareholders have been shafted to the tune of all their "investment". How is that SERVICE?


13:34 3/26/2008 EWRL eWorld Companies Inc Common Stock --------->EWRC eWorld Companies Inc Common Stock New 1-20 R/S




With EWRC's stock price cratering, even with a supposed $.019 offer on the table, one might have to wonder when the next reverse split will come.  When it does come EWRC won't have to look hard for a new stock ticker.  It looks like CRAP is still available.

EWRC - Covering It's Ass

Take a cruise over the EWRC's company web site. It's chock full of fabulous info and then at the bottom you find a very noticeable link to its Safe Harbor Statement.

http://www.eworldcompanies.com/safe_harbor_statement.php

In case you don't have the time here is the Safe Harbor Statement directly from EWRC's web site:




Safe Harbor Statement
eWorld Companies, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This site includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as eWorld Companies or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements herein that describe the company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward- looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

The forward-looking statements included in this release are made only as of the date of this release and the company undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.


The pennystockguru can give you this same safe harbor statement in one quick sentence:

"We can say whatever we want and get away with it"

So there you have it. EWRC in very obvious fashion is covering its own ass on its web site to be sure investors know that statements on that web site are forward looking and thus can not be relied upon. To the average investor this might not be something they understand, comprehend, or even care about. But to anyone looking to make an investment this should be a red flag.

Another red flag should be the obvious selling of stock during recent trading sessions. Today the stock succumbed to selling pressure falling over 20%.

Look at the selling on our chart:





If the selling picks up in earnest this stock could be back at $.0001 before Morales returns from his trip to Washington (PR pasted below). That $.019 offer for all 6.638 billion EWRC shares is looking more obscene by the day. Please tell me why this stock continues to fall while a supposed $.019 bid sits on the table? Are we not right in calling out this obvious misleading of investors? We'd enjoy some feedback. If you are an EWRC investor please tell us we are wrong and why you are buying this stock.




CEO Henning Morales Goes to Washington D.C. and Kicks Off Sponsorship Alliance With National Hispanic Foundation for the Arts at Gala Event Where Supreme Court Justice Sonia Sotomayor Was Special Guest

LOS ANGELES, CA, Sep 17, 2009 (MARKETWIRE via COMTEX) -- eWorld Companies, Inc. (PINKSHEETS: EWRC) and the National Hispanic Foundation for the Arts have agreed to a series of cross-promotional efforts to promote one another's activities and charitable causes. The program got under way this week in Washington, D.C. when eWorld was presented Monday evening at a VIP Salon Dinner and Tuesday night at the Foundation's Annual Gala. This year's gala was themed "Noche Musical" to help launch "Latin Music USA," a four-part PBS documentary airing next month, and the guest list included a veritable "Who's who" of insiders from Washington, Wall Street and the entertainment industry including special guest new Supreme Court Justice Sonia Sotomayor. Others in attendance included Secretary of Labor Hilda Solis, FCC Chairman Julius Genachowski, Executive Director of the President's Commission on the Arts & Humanities Rachel Goslins, and a wide range of A-list celebrities, politicos, and executives including representatives from NBC Universal, Disney/ABC, Fox Entertainment, CBS Corporation, Ford Motor Company, AT&T, The Coca-Cola Company and others. eWorld was represented by CEO Henning Morales and Sr. VP Don Grenough, and video footage and still photos of the event will be available soon on eWorld's Boomerang Media Station(TM).

eWorld and NHFA will continue to work together on a series of additional activities, including eWorld's sponsorship of a special fund-raising event for NHFA's charitable causes, which will take place in Los Angeles during Grammys week, in conjunction with the eWorld Music Awards Show on January 29, 2010.

The NHFA was co-founded by Jimmy Smits, Sonia Braga, Esai Morales, Merel Julia (widow of Raul Julia), and Washington, D.C. attorney Felix Sanchez, to increase participation of Hispanics in the entertainment industry. The Foundation offers graduate scholarships and an outreach program at prominent colleges and universities for young Latinos aspiring to careers in entertainment and media. It also seeks to expand career opportunities for existing talent in all aspects of entertainment, telecommunications and performing arts.

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. markets and distributes cutting edge Internet technologies through its International network of Affiliates, users and strategic partners. eWorld's patent-pending Boomerang Media Station(TM) is a free Internet application that features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art broadcast quality video player.

For further information visit www.eworldcompanies.com or call (310) 471-7674.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's actual results could materially differ from those discussed. The Company intends that statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact:
Henning Morales
CEO
(310) 471-7674

EWRC - a $126 million offer for a stock that recently performed a 12,000 -1 reverse split

eworld Companies, now stock ticker EWRC (after a 12,000-1 reverse split), had investors buying shares today at a rate that slightly exceeded selling of stock. Considering the $126 million offer you would have expected more price appreciation, but with a stock that has sucked so many investors dry it was no surprise to see the upside action suppressed.

The stock opened near prime reverse split levels before a press release hit the wires that is in the running for the most ludicrous Pink Sheet press release of all time.



Before we get started take a look at this chart. Over the last 4 years, if you included all the dilution and reverse splits, a $10 million+ investment would now be worth less than a dollar! You have that right. $10+ million dollars turned into less than a $1 over 4 years. Those are Bernie Madoff type numbers. Shouldn't their CEO be running the NASDAQ by now?



EWRC today received "A Major Offer" per their press release. That "Major Offer" was to purchase all 6.63 BILLION shares outstanding for $.019 a share. This is all right from the press release that we have posted below. The stock opened at $.0013, yet someone was willing to buy these same $.0013 shares for $.019? And not just a few million shares, they were willing to buy all 6.63 billion of them for a total cost of $126 Million dollars? Does this make any sense at all? Why buy 6.63 billion shares when you can just wait a month for the next 12,000 for 1 reverse split and only have to purchase several million shares? Heck why not buy them on the open market. Check the chart out. There have been shares to buy for years. No reason to scoop them up all at once for 1000 times what they are worth.

The pennystockgurus are stumped at this "major offer". Even more confounding is why the company has not already accepted the offer. If a CEO of any publicly traded company had to consult with lawyers before accepting an offer that values their "company" at 1000% more than it currently is worth , then they should have his/her head examined and be promptly terminated. Anyone holding shares here should wonder why they aren't already worth $.019. Maybe they can seek the person(s) behind the "major offer" and sell their shares privately seeing how the market was willing to pay only $.0019 for them at the close today not the $.019 per the press release. You think the company was filling that 700 million share gap today. Couldn't the perosn behind the "major offer" buy a few billion shares at a 90% discount today to lessen the $126 million purchase price? Then again if your willing to spend $126 million on a $.0019 stock you probably aren't working with a full deck.


"eWorld CEO Henning Morales has forwarded the offer to the company's attorneys for review and due diligence." Due diligence? Review? Someone is willing to pay $126 million for a company whose sole business has been selling shares and performing reverse splits. Take the money and run.... oh wait isn't that exactly whats going on here?

Who is the one lacking intelligence more? The CEO who wont accept a 1000% premium for a stock that has done nothing but print shares the last 5 years, or the person willing to fork over $126 million for a Pink Sheet stock that has sucked investors dry every day of its existence? Let's forward that question to our lawyers for further review.







eWorld Companies Receives Major Offer for Purchase of All Outstanding Shares

LOS ANGELES, CA, Sep 09, 2009 (MARKETWIRE via COMTEX) -- eWorld Companies, Inc. (PINKSHEETS: EWRC) has received an offer for purchase of all of the company's outstanding shares for 1.9 cents a share. eWorld CEO Henning Morales has forwarded the offer to the company's attorneys for review and due diligence, and the shareholders will be kept informed as further information becomes available.

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. markets and distributes cutting edge Internet technologies through its International network of Affiliates, users and strategic partners. eWorld's patent-pending Boomerang Media Station(TM) features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art high-definition quality video player. Boomerang is a free software program that streams rich media within the actual application and remains ever-present as the user browses the Internet, offering the user one-click access to limitless entertainment experiences and convenience benefits. For more information visit www.eworldcompanies.com or call (310) 471-7674.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact:
Henning Morales
CEO
(310) 471-7674