On Thursday, London based E-Waste Systems (OTC: EWSI) announced that Steve Manning would be joining its advisory board. After a steady morning of trading, this afternoon saw E-Waste begin a descent into a Carrollian sized rabbit hole, finishing the day down nearly 40%.
This is not to say that Mr. Manning is wholly responsible for today’s losses, but it’s difficult to think of this industry insider not questioning his mettle over a pint of bitter or cup of tea this evening.
Before delving into Steve Manning’s credentials, E-Waste is, again, a London based company whose mission is to acquire companies that will help consumers deal with the world’s most stringent disposal requirements. For example, it’s not out of order to question whether you will be visited by the boys (and girls) from New Scotland Yard if you accidentally drop your iPhone into the toilet.
The WEEE market, Waste Electric and Electronic Equipment, is without question an emerging market that bears mention, and E-Waste’s credentials are only emboldened by UK standards as it looks to expand its expertise worldwide.
Back to Mr. Manning and his experience in the recycling and reverse logistics field. With over 30 years between ReCellular and Selectron Global Services, Manning has been at the top of an industry nearly unheard of prior to Hollywood celebrities suggesting that the pocket of a passed out homeless person is not an environmentally suitable disposal option for a perfectly functioning cell phone your friends would scoff at when seen.
“Steve brings a tremendous amount of industry knowledge to our Advisory Board,” said Martin Nielson, CEO of E-Waste Systems. “As we continue to identify and convert the significant opportunities we have in front of us, Steve’s experience will be of great value to our Company,” added Nielson.
Traders seem to disagree. Perhaps the world, or at least the financial world, isn’t ready, prepared or interested in 30 years of proven responsibility in a field that can only profit from a lack of transparency or irresponsibility.
E-Waste Systems merits attention. The following links should get you started on your research and understanding of this emerging market that while surmised tongue-in-cheek, is a necessity for investments in overpriced education for children, or yourself in a career changing world.
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