Published On: Mon, Jul 29th, 2013

eDoorways: What Exactly Do You Do?

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eDoorways International Corp. (EDWY) is a stock I have followed for the last two years. One question that comes to mind, what the hell does the company actually do? Shareholders have seen dozens of press releases over the past two years, with absolutely nothing to show for it.

Let’s start with one of the most basic indicators to a ‘good’ stock, the volume. EDWY’s 3-month average volume is a pitiful 130k shares, with the majority of days showing no trading activity. No trading activity?? Come on man…

This looks like a company that is led by this great visionary…with absolutely no clue on how to get things done. Missed deadlines, missed promises, failure to bring a product to the table… what’s next?

EDWY has a 52-week range between $0.05 – $0.002; and currently sits at $0.005. With continuous days of non-trading and an average of 130k shares being traded in a 3-month span, it looks like EDWY is stuck here for the foreseeable future.

The positive side? EDWY has a tiny float of 23M shares and has maintained a ‘current status’ with the OTC Pinksheets. Should the company actually pull off ANY of their promises that they continually speak about in their press releases, level II’s show EDWY can hit $0.01 with a slight nudge in the market.

Check out the company, do your due diligence and most importantly contact the company prior to making any investments!

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