Replies to post #50481 on E-Waste Systems Inc. (fka EWSI)

[DrHarleyboy]

He sure does, with a debt ratio of 342%, he needs $3 dollars to make $1 worth anything, heck of a way to use shareholders money!

"We need to buy widget XYZ Marty, it costs $20,000 dollars"

"Ok guys, I need to sell $70,000 worth of stock to buy it then"

Huh??? DEBT RATIO is the signal for death spiral here, should be BK and out of business by the end of the year, losses are $7 million compared to revenue of only $840k...piteeeeeful!

Dr H