I wish someone in the spirit of full DD would talk to some
I wish someone in the spirit of full DD would talk to some of Marty's old business associates. They would of course be careful in their answers to queries about his personality but something might be gleaned. A pattern may be developing here of moving too fast and acting too aggressively. Heck, this is his first "lone wolf" venture and it's much different than working in a corporate environment. Now he's the "boss" to whom no one can say no. Ego? And he is trying to accomplish a lot in many arenas and geographies. He may simply be over zealous.
Let's put aside the habit of putting the best spin on everything EWSI does and look objectively.
1.) The 2trg deal we all thought was smoothly done and behind us. But, something must have been in disagreement for it to have taken so long and, now, for there to be a lawsuit. The fact that EWSI sued first means something wasn't understood and agreed upon. And now the former owners see something they wish to pursue. Actually doesn't matter who's right or wrong. It's a black eye for EWSI!
2.) The Malone debacle is inexcusable IMO. A black eye! Something, again, was not understood and agreed upon. I'll say it again, a possible pattern is emerging of Marty moving too fast and perhaps too aggressively.
My fear is that Marty's plan has been, and is, predicated on moving this fast and having to do so much in a short period of time - a dangerous game plan. Perhaps it's due to the financing choices he made: dilution and having to reach a certain point quickly before it's necessaty to stop raising money this way. Perhaps it's due to a commitment to 50% Q over Q which forces dealing with many people in many places all very quickly. Who knows?
But I'll tell you this, the next possible happenstance, logical in terms of a too strong ego, is that someone in the inner circle chooses to leave over some disagreement with Marty. And that for a lot of us would be writing on the wall.
E-Waste Systems, Inc. (EWSI) Stock Research Links
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