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I'm a former reporter, private investigator and institutional equity analyst who digs deep to find niche undervalued and undiscovered securities. I manage money for individuals, institutions and family offices via my business Long Cast Advisers. This blog is part decision-diary, part investment observations and part general musings about Philadelphia sports. It is for entertainment only and should not be viewed as a solicitation for business or a recommendation to buy or sell securities.

Monday, March 30, 2015

$ESWW going dark and the stock "into the vault"

ESWW has announced it will deregister its securities and stop filing financial statements. The announcement makes it pretty clear they will not be filing future financial statements.

"Following deregistration, the Company does not expect to publish periodic financial information or furnish such information to its stockholders except as may be required by applicable laws."

http://www.sec.gov/Archives/edgar/data/1082278/000128634515000022/exhibit99_1.htm

However, as I understand it, FL corporations are required to make annual reports accessible to shareholders so I expect to be updated at least once / year. In the meantime this undervalued asset goes into the vault.

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