What are some activities a healthy person would ideally avoid? There is beating or flogging a dead horse, trying to draw blood from a stone, and so on. However, when you’re getting paid to do it, that’s what you do.
Despite a number of obvious failures, pumpers are once more trying to create some hype around E-Waste Systems, Inc. (PINK:EWSI).
A $50 thousand compensation is enough for the eStocksDaily team to tout EWSI stock which has lost more than 90% of its value over the last two and a half months.
The pumpers claim they have made “a ton of profits” for their subscribers. Funnily enough, here you can see the performance of two of their previous clients.
OREO was a costly mistake for a lot of people, and so was RACK. Both of them were promoted by eStocksDaily.
The pumpers further state that EWSI has reached some kind of bottom, and “there’s not further it can trade down.” A quick look at EWSI’s financial reports 
might convince you otherwise.
- $80 thousand in cash
- $112 thousand total assets
- $988 thousand total current liabilities
- $35 thousand revenues for Q1
- $345 thousand net loss for Q1
There is plenty of room for EWSI to drop further, and this may very easily happen soon. As we already mentioned, this isn’t the first time EWSI has been pumped by paid newsletters. The previous two tries resulted in two significant drops.[BANNER]
It’s not that the electronic waste industry doesn’t have potential. The problem is that EWSI is a really minute company operating out of a warehouse unit. Also, apparently their principal executive offices are located in a post office box.
On the bright side, if EWSI manages to stop losing money from operations, they have enough cash on hand to pay the rent for the warehouse for nearly 20 months. That said, the pumpers are facing an uphill struggle.
