Friday’s Trading Advises E-Waste Systems with a “Steve Manning? Meh..”, and 40% Loss (EWSI)

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.

http://finance.yahoo.com/news/e-waste-systems-inc-adds-110000915.html

http://www.prnewswire.com/news-releases/e-waste-systems-inc-signs-letter-of-intent-for-strategic-multi-facility-acquisition-159700815.html

 

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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