E-Waste Systems Inc. (fka EWSI)

[steeledge]

interesting theories, and i think mostly right. here's something i heard of though: the holders of toxic convertibles, which is the type of convertible where the # of shares-received goes UP when the stock goes down (because the convertible is for a fixed amount of dollars instead of a fixed amount of shares), SHORT shares of the common not only as a hedge to their bond, but ALSO so that they can get more shares upon conversion.

not saying that's what's happening here, but it's somewhat common for companies that have no other choices of financing.