E-Waste Systems Inc. (fka EWSI)

[buckyboy]

It's very possible that there are accounting rules that only allows for a certain amount of accrued salary to be paid off via share issuances each qtr. Just a guess (could be wrong).

Also, the 0033 number is not random. It was the lowest price a note holder received this year. So, the CEO matched up with that number. See the last 10Q.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9308203

"...on May 6, 2013, the note holder converted $8,450.00 of debt to 2,500,000 shares of the Company’s unrestricted common stock at a price of $0.003385."

I think we get an explanation soon on just how that 50M block is going to be used as leverage to move the business forward. I do agree that this event suggests something big, and something very positive for the company moving forward.

I absolutely love the 50% qtr over qtr growth projections the CEO just provided. Don't you?