Replies to post #45278 on E-Waste Systems Inc. (fka EWSI)

[SeanBoy]

This doesn't appear to be about what they weren't able to find, but more about what they did find.

"It was our understanding that E-waste entered into certain "lease" agreements with several Chinese companies in 2013. Under these “lease” agreements, E-waste apparently accounted for gross revenue and expenses of these China based operations during 2013. Based on the documents we have reviewed and interviews we have conducted so far, it does not appear that there is substance related to the “lease” agreements to warrant E-waste to account for gross revenue and expenses for these China based operations. Our conclusion was reached based on our review of the "lease" agreements and an interview with E-Waste’s key management team member that has closed every transaction in China and maintained management of the business units"