elleryqueen, ECDC gave Ironridge 100,000,000 free-trading shares at a 35% discount to market and may have received another tranche of 50,000,000 - 60,000,000 shares by now with a gagged T/A shareholders will not know about until the next 10-Q in late August.
Monkeys?
The only people that think Ironridge is no big deal or is good for ECDC shareholders simply do not understand it or think it is a Resrticted Stock deal because that is the only part ECDC mentioned in the PR. There is nothing good about the Ironridge deal as it alone could crush the company. All of the other debt ECDC remains unpaid and accumulating interest and penalties. Adding insult; ECDC borrowed $16,000 and $32,500 promising stock at a 45% and 55% discount to market which approaches .0009 with further PPS erosion.
This stock is not about those investors that already love the company. As long as ECDC can get new buyers with Press Releases alone, ECDC has a chance to go up with extreme volume required. If anyone reads the 10-K, 10-Q and PRE 14 first, there is no way they buy ECDC stock.
Good luck.