Replies to post #10849 on E-Waste Systems Inc. (fka EWSI)

[cashstrapped]

I have no problem with what Martie did. He's put millions of his own money into this company so it can be successful. IMO, he absolutely knows what he is doing and we will all benefit. Patience is the theme that is constantly preached. GLTA

[CaliMansion]

My thoughts on all of this (take it as what it is: just my opinion in the way my twisted mind works lol.)

I believe 100% it is to set up a particular deal as far as financing goes. When I look at EWSI, it is still a startup (obviously) that is run by a CEO with tremendous past successes in RAPID growth, Now lets just entertain the idea for a second that they have a couple bigger deals coming up, perhaps involving the transfer of stock, perhaps not.

A. Martie could have had all his debts paid off and just took 50m shares at the .015 price. Looks good on paper, cleans up debt, etc. Downside: No more shares. If deals move quickly, he runs the risk of not having any shares "owed" to him that he can bank on to make sure he retains control.

B. Martie takes the 50m at .003315. He is still owed money, which IMO isnt the worst thing in the world. Doesn't look as great on paper, but it does show that he is willing to bypass pay and bonuses in order to retain extra capital for expenses/deals. This allows him to retain a "back-up pool" if you will, of debt that can be converted to stock IF deals rapidly are popping up AND/OR some of the BIG investors get in.

If this thing was to get up to say .20 a share (which i honestly wholeheartedly believe at some point it will) the fact that Martie still has a back-pool in case of large amounts of shares being bought up by one person or an investment group is a plus to me. As said by other posters, the company can buy back the shares or retire shares if need be.

Long story short, I believe it is just "posturing": they are simply trying to be in the best position for what is more than likely one or two bigger deals that are on the horizon. I could be completely wrong, not denying that, just my take on it all. I'm certainly not an expert, but I put my money where my mouth is.

[tomirons]

Restricted shares are secretly sold with a written non-disclosure contract all the time. The so called rules of the stock market are very rarely enforced. They find a way regardless of the security laws to do what benefits them. Remember the banks, Corzine, and the decades people reported the blatant proven illegal activity of Madoff, but there was no enforcement. That's just the ugly reality of the current era of corruption in America and could be worse in the financial markets elsewhere. However, it is legal for employees to commit stock at an agreed upon price before they are allowed to actually sell them, as many facebook employees did before it went public.