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Why am I now looking at a penny stock?After I sold my previous company, SyncBASE/OPTRACK about five years ago, I was released from the restriction of trading shares of my public clients. Environmental Waste International Inc. (TSXV: EWS) (OTC:YEWTF) was one of those companies. The price of the stock was less than CAD 10 cents a share at that time, and I invested a good chunk of money in it. One of the reasons for my investment was my relationship with EWI’s CEO, Bob MacBean: Bob was the first client of OPTRACK when he was CFO of another public company. Bob also sat on the Board of my company. When he took the position as CEO of EWI, he began using my product, OPTRACK, again for EWI. Last month, EWI had a breakthrough through a deal with a Danish company called WindSpace to develop waste tire recycling plants across Europe. That announcement, combined with the receipt of the Environmental Compliance Approvals (a few days later) to operate its tire recycling plant in Sault Ste. Marie, Ontario as a commercial facility, resulted in a significant jump in the stock price.
Source: TD Waterhouse Charts Holding a significant number of …
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