I came across the following sentence in a practice book:
Wasting money as it does, I don't know how this business can succeed.
When I looked it up in dictionaries, the closest use I found for as in this case is to show constrast, similar to although. For example: Angry as he was, he couldn't help smiling.
So, is the above sentence correct? It doesn't show contrast.
If it did, it would be: Wasting money as it does, the business still succeeds.
Or can as be used that way to add information?