LONDON, UNITED KINGDOM--(Marketwired - Dec 9, 2013) - E-Waste Systems, Inc. (OTCQB: EWSI) ('EWSI' or the "Company"), an electronic waste management, reverse logistics, environmentally focused services and technology company and the first pure public eWaste operator, announced today the simultaneous closing of a series of transactions resulting in the acquisition of the assets of 2TRG utilizing a portion of a $5M line of credit provided by TCA Global.
So the company has a 5 million dollar line of credit with friendly terms. This is new to me. Very happy to see Asher being shut out as a financier, and replaced by a reputable firm based in the financial capital of the world, London where the CEO of EWSI resides. Another reason why dilution IS minimal on this issue