Item 8.01 Other Events.
The management of E-Waste Corp., a Florida corporation (the "Company"), disavows
the price of its publicly quoted stock on the OTC Markets under the trading
symbol "EWST." Management is aware of no basis to support the Company's stock
price, based upon its revenue or assets.
As reported by the Company in its filings with SEC, including its audited
financial statements, the Company is a "shell company" (as such term is defined
in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the
"Exchange Act")). In April 2021, the Company raised $2,500,000 from several
institutional investors in a private placement offering. Management disclosed
that the proceeds from this private placement would be used for working capital
and general corporate purposes, and to seek, investigate and, if such
investigation warrants, engage in a business combination with a private entity
whose business represents an opportunity for the Company's shareholders.
The Company's shares are quoted on the OTC Markets. However, there has not been,
nor is there, significant trading volume in the Company's stock. Management
consistently files and is current in its public filings with the Securities and
Exchange Commission ("SEC") and intends to maintain its business plan as
disclosed in those filings.
Cautionary Statements
This filing includes "forward-looking statements." All statements other than
statements of historical facts included or incorporated herein may constitute
forward-looking statements. Actual results could vary significantly from those
expressed or implied in such statements and are subject to a number of risks and
uncertainties. Although the Company believes that the expectations reflected in
the forward-looking statements are reasonable, the Company can give no assurance
that such expectations will prove to be correct. The forward-looking statements
involve risks and uncertainties that affect the Company's operations, financial
performance, and other factors as discussed in the Company's filings with the
SEC. Among the factors that could cause results to differ materially are those
risks discussed in the periodic reports the Company files with the SEC. You are
urged to carefully review and consider the cautionary statements and other
disclosures made in those filings, specifically those under the heading "Risk
Factors." The Company does not undertake any duty to update any forward-looking
statement except as required by law.
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