E-Waste Systems, Inc. (OTCMKTS:EWSI) Looks On from 9-Cent Peak
Just between 9 and 10 cents, E-Waste Systems, Inc. (OTCMKTS:EWSI) is awaiting a resolution, as the ticker stands in the highest position for the last year and a half. The company recently shared financial results, and the new opening will show how the market absorbs the news. 
While electronic waste may sound like a promising recycling effort, the company is still a bit far from the industry leadership that it suggests for its future. EWSI has: 
- $121,543 cash
- $3.5 million total assets
- $4 million total current liabilities
- $1.67 million service revenues
- $146,905 net loss
The net loss has been narrowing, and while the company holds significant debt, still it has actual activity, and not merely a plan. With old electronic devices becoming more and more of an obstacle, e-waste companies are indeed a promising industry.
EWSI has not been promoted since the middle of July, but was active with PR reports on the expansion of its activity, so the real upward leg of the trend began in August. And in the past month, EWSI grew 10 times, with the potential to attract pumpers once again for its potential.
The promotion for EWSI was paid for by Seven Miles Securities, and its subsidiary eStock Daily Team. The campaign seems the sole effort of Seven Miles.The campaign for EWSI was worth $50,000 for three emails. Premium Stock Picks received another $125,000, as well as several lesser promoters that briefly mentioned this selection.
Innovative companies gain attention, but sometimes a bit too much. Another ticker that tried for a lucrative and widespread industry, agricultural irrigation, is now also undecided in its durection. BlueEarth, Inc.(OTCMKTS:BBLU) ended last week with two weeks of buying, standing at a respectable $3.40. The new week should show if BBLU has enough power to keep investors’ attention.
And Bluforest, Inc. (OTCMKTS:BLUF) is doing even worse, sliding after a heavy promotion from above $2 to below a dollar. The new period should show if the fallout from the fast and loud promotion would continue.
If you still believe the longer-term potential of EWSI, keep in mind that the company is not among the heaviest-volume selections, moving only 57 million of a free float from a total of 357 million outstanding shares. Daily volumes are around 2.5 million shares, rarely passing the 5 million mark. So while EWSI is relatively accessible, there is still a space for losses beneath 9-10 cents, so keep your investments within affordable ranges.
