And I would be interested on how they are referbing the equipment and selling for a profit
My understanding is that an e-waste recycling company is contracted to take all the old equipment. The original company can say they've recycled it, record it as such, and doesn't care what's done with the equipment after that - whether that be reselling it, recycling it, whatever. The e-waste company is the one that handles finding the useful stuff and refurbishing it.