E-Waste Systems Inc. (fka EWSI)

[buckyboy]

I've only been investing/trading this company for a couple months. However, a quick peek at their history shows that the prior business model (different CEO/BOD) failed. Hence, the drop in price. The current team took the helm in May 2011. They put in place the current business plan and a new BOD shortly thereafter. It has been quite natural for the PPS to continue its decline as the business model was executed.

The first 18 months seems to have involved a lot of work establishing the company as a legitimate global e-waste producer. They acquired an Ohio e-waste recycler and have formed numerous teaming agreements. Now they are using their brand/expertise to form Master Franchisee/Licensee Agreements.

The 500M A/S (increased from 200M) will most likely be used to acquire hard e-waste processing assets as well as a means to raise capital such as what just occurred with TNKE.

Anyway, long answer to a short question...and of course JMO.

800K operating capital is more than a bit. Maybe Oracle helped generate these numbers for EWSI based on industry projections and EWSI's future prospects?

GLTA