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FFF, I DOUBT you have any "definitive" proof that shares are being dumped at "huge profits at .0025-.0028"(in YOUR words).. and quantify "huge". For all we know, ECDC could be drawing on the line of credit($10M) from Southridge via issuing shares as STATED! in the agreement...
"...East Coast Diversified Corporation (OTC.BB:ECDC), through its subsidiary EarthSearch Communications, Inc., announced today that it has secured a ten million dollar equity line of credit with Southridge Partners II LP and plans to accelerate the execution of its business plans.
The agreement allows EarthSearch to do a draw down on the equity line on an as-need basis by issuing shares of its common stock. The Company filed a form 8K with the Securities and Exchange Commission on July 8..."
http://ih.advfn.com/p.php?pid=nmona&article=48390297
In FACT! Southridge has been already been given 28M shares since the agreement, courtesy of the SC 13G(12/11), for ECDC to use the CASH! as fit. How do YOU know that Southridge isn't selling some??.. and they CERTAINLY! didn't receive them @ .001(READ! the details of the agreement) and then look at the pps SINCE the agreement... no where near did it reach .001.. PERIOD!
Last thought.. WHY?? would you issue shares @.001 "to these one or more parties" YOU claim, when you could draw on a "line of credit"($10M!!) for "shares to issue" @ double or TRIPLE! this BOGUS! .001 share price you talk about.. the 52wk Low is .0022!
I've REALLY been interested in ECDC since the Rogue(2nd screen) acquisition for obvious reasons... BIG BUZZ!! around the tech community.
GLTA!!
I'll be waiting for THAT! list... "..TEN REAL NAMES OF MANUFACTURED MMJ E-CIGS"... as well as everyone else here I'm sure.
GLTY!
Have been following this convo... BOTTOMLINE! is that the mmj industry is VERY! "fractured"(no "clear" dominate player). You state.. "..to show how long people have been using this type of product and that it is not new"..HUH?? What, meaning of the "Homemade Contraption" variety??(GOOGLE! verifies this). RFMK is the first I heard of someone ACTUALLY! trying to "market" a THC e-cig that has "specs" that can be mass produced, which by the way RFMK has stated they are in production NOW!
Another poster stated "vapor rush" was out there with a THC e-cig... WRONG! Vapor Rush's website doesn't even exist anymore. For all intended purposes.. they may have dropped out of the game COMPLETELY!
On the other hand RFMK's MCM website DOES! exist which offers various "remedies" in the mmj field and the "THC e-cig" could be another notch in their overall offerings.
RFMK's "MMJ Offerings" could very well become the "go-to" for dispensaries/medical personnel. the field is WIDE-OPEN!
GLTA!!
New Generation Biofuels converts Baltimore city buildings to clean energy
New Generation Biofuels has landed a one-year, $1.3-million contract to heat three Baltimore City buildings. Successful completion of the biofuels trial – in two phases – could propel the fledgling Columbia-based company into a much larger venture: a city-wide plan to heat public buildings with clean energy.
During the first phase, New Generation Biofuels heated the Pimlico Fire and Police Training Facility and Eastern Health Center for six months. During the second phase, New Generation Biofuels will continue to heat the two facilities as well as the Back River Wastewater Treatment Plant to determine the biofuel’s performance over the course of a full year.
New Generation Biofuels
“We have to make sure we can demonstrate to the marketplace that although we can do these test burns that our fuel operates efficiently over a longer period of time. That’s one of the reasons this long-term test burn with the city is so critical to us,” said Bryan McPhee, a spokesman for New Generation Biofuels. “That becomes our calling card. That is going to give us the information that we need to provide to others in the industry. We’re a fairly new technology but we will be able to show the results we are able to achieve in the long term. As we develop that deck of information, then we will grow our customer base.”
New Generation Biofuels’ product, which is made from new and recycled plant oils and animal fats, is revenue-neutral for consumers, McPhee said. The company, he explained, sets its price to be competitive with ultra-low sulfur diesel, a product that Baltimore City had already begun using in some facilities.
Less than five years old, New Generation Biofuels currently employs 12 people and can produce up to 5 million gallons of biofuel annually at its plant in South Baltimore. The company has also partnered with the Baltimore City Public School System to run biofuel trials at two schools: Franklin Square Elementary and Woodhome Elementary.
City officials, McPhee said, may consider converting public buildings throughout the jurisdiction to biofuels if the upcoming, year-long trial at Pimlico, Back River and Eastern Health succeeds.
http://www.mdcleanenergy.org/news_and_events/archive/thecurrent-january2011#9
Yes, the "Year-long"(Phase l & ll) trial has been going on "behind the scenes" and the RESULTS! should be PR'ed sometime SOON!
Have been adding here and there.. trial SUCCESS! w/ additional Baltimore sites added= pps KABOOM!
GLTA!!
Yeah, BUT will it be able to overcome the DILUTION! before they enact a R/S(I DON'T! believe that AFPW will want close to a BILLION! shares O/S) when and IF they turn a profit.
~200M!! more shares ADDED! to the O/S since last Qtr... sheesh!
They ALREADY! raised the A/S to 1.5B!! in August and they're WELL! on their way to hitting that if they continue to dilute 200M+ shares/qtr.
Will re-visit AFPW's situation at the end of next qtr. MAYBE! something changes from USUAL! 0.00 in revenue and continued dilution.
GLTA!!
After hurricane Irene, I would expect them to be real BUSY! There are a number of DAMAGED! roofs in the east coast corridor. BOTH! municipal and residential.
GLTA!!
Just a matter of time. They(Insurance Co., etc..) want to protect their A** by methods that PROVE!(what better way than recording the events leading to the "moment") "no-fault"... they just CAN'T! afford the "liability".
GLTA!!
Data Collection Devices Could Soon Be Required in Vehicles...
http://knowledgebase.findlaw.com/kb/2011/Jun/355036.html
I AGREE! with your statement...
Yes, the "Idrive" is a REAL! product with REAL! sales.... that I feel will continue to GROW! whether it's installed on "commercial fleets"(bulk sales) or "individual vehicles"(through insurance carriers).
GLTA!!
Yep, expecting MORE! "insurance carrier contracts" to be signed going forward... they've got one already estimated to bring in 2-3.4M!...
EXACTLY!.. I was probably writing my post when you posted.. but that is my POINT.
Paraform Design/parasignsystems have been in business for 7 years with a REPUTABLE! client list.
Why would chic-fil-a be any less of a client?? Since some ppl. want to discredit that association... UNREAL!
GLTA!!
WTH! are you talking about?? Whether it was 5 or 300 stores, the "franchise/Co." stores REPRESENT!! the Chic-Fil-A! NATIONAL! brand.
To say...
Yes, but you MISSED!(so did I at first) the "client list" from Parasignsystems, of which Paraform Design(ZMGD) is the PARENT Co.....
http://www.parasignsystems.com/services_clients.php
Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD)(www.zamagedigitalcorp.com) subsidiary Paraform Design www.paraformdesign.com is pleased to announce the launch of Parasign Systems www.parasignsystems.com, a new customizable signage solution designed to save businesses money.
GLTA!!
Some IMPRESSIVE!(established institutions) names in their "client list".....
http://www.paraformdesign.com/index.php#Our_Clients
Obviously, the potential for MANY more contracts down the road.
GLTA!!
I AGREE!.. falls right in line with my sentiment in regard to "legit" TRANSPARENCY! Anyone, investor or NOT! should be able to VERIFY! sources/statements made by PGIE.
GLTA!!
The PROBLEM! I have with PGIE is WHY! are they "emphasizing"...
They LOST! "contracts" because of shareholders???... WOW!.. I didn't realize "shareholders" had that kind of voice.... sheesh!
GLTA!!
Curious?(watching to see where this leads), if as YOU say that WhiteCanyon is "public" already, what is their ticker symbol???... DTTO?
Sorry!.. but being a "private"(NOT traded on an exchange) subsidiary(WhiteCanyon) to a "public" PARENT!(DTTO) does NOT automatically qualify WhiteCanyon as a "public" entity... and that's a FACT!
If WhiteCanyon wants to be a TRUE "public entity", they have TWO! options. R/M into DTTO or BUYOUT DTTO's ownership and go out on their own.. that's IT!
We should know which direction soon enough and btw.. they are BOTH! "positive" scenarios for DTTO.
GLTA!!
I DID! already. To bad the PERTINENT! DD gets buried by these "TO DA MOON!" post. Here is the post where I talked about it...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65042896
GLTA!!
Hilarious!.. SAME! ole blabber as last FRIDAY! and look what it has done since then(and I've done VERY! well)... "typical" expressions last Friday "one and done", "ohh, they diluted into the run" and so on.
It traded close to 70M shares YESTERDAY! and it traded 70M shares TODAY!.. one day was MORE buying and the other MORE selling... HOW! is that dilution??
Get with the GAME!.. heck it may rebound another 100-200% from today's low like it did YESTERDAY!
GLTA!!
What money left over??.. there is NO!(barely) money to cover the DEBT!
Even if you assume the $2M/mo., TSTRQ can BARELY! cover the "interest/dividends"(balance and GROWING! of ~$52M a/o 6/11) from the PREFERRED! shares.
~$400M is DUE! to the "Preferred Shareholders" and let's say they make a MODEST! 6% annually in "interest/dividends"... that's $24M!!(a YEAR of revenue from the lease agreement) right there. WHAT'S?? left to pay "other" expenses.
You guys crack me up!.. TSTRQ hardly received a DIME! from the DISH buy-out because MOST! of their investment in Terre Networks was UNSECURED!
The DEBT! is spiraling out of control.. and the revenue from the spectrum will NOT! suffice.
All I'm saying is that TSTRQ is in a very PRECARIOUS! situation and the chance of the "commons" surviving is very LOW!
GLTA!!
Well I'll tell you, the "E-Waste/Green" division is a "natural" fit for their "IT Solution"(which partly identifies FAILING "Hardware/Systems"..so SCRAP! it).
GLTA!!
What makes you think CDMA's "IT network monitoring" solution is insignificant?? It almost a REQUIREMENT! to be "knowledgeable" in Codima software when using "Microsoft Visio" in MISSION CRITICAL! environments.
Here's a RECENT job posting..
Alexandria, VA Senior Network Engineer
07/11/2011
detailed, accurate network diagrams using Microsoft Visio. Experience with Codima a plus. Experience with and ability to support deployed Cisco based solutions...
https://careers-apptis.icims.com/jobs/2861/job?&sn=Indeed&?mode=apply&iis=Indeed&iisn=Indeed
If you seriously think this is the ONLY Co. that uses Codima Solutions, then you are seriously out of the loop.
It is one of the "2011 TOP Network Monitoring Companies"(go to the middle of the page).... a KEY! Provider.
http://www.jazdtech.com/techdirect/leaf/Enterprise-Communications-and-Networking/Network-Management/Network-Monitoring.htm
I'll tell you what... I'm IMPRESSED!
Wasn't part of the run.. but when I saw it was Codima(A Co. I use to work for used its "Toolbox Suite")... I was SHOCKED! What happen??
You have NO clue to the "intrinsic" value of the Codima "IT solution" and what it represents to companies who employ the solution.
GLTA!!
Oh, I'm not worried. I do my "own" DD. I don't Buy/Sell stocks because some "poster(s)" makes BASELESS! innuendos.
GLTY! and ALL!
REALLY??.. So, when the A/S was 500M did they dilute up to the max??.... NO! not even close.
Now, they authorize some shares for "Series A Preferred"(which seems like the only plausible reason).. they are a diluting machine??. WHAT??
They may have diluted shares here and there.. but MAJOR! dilution?? I DON'T! see it in the volume history. Maybe YOU! can point it out?
All I can conclude is that your just flapping your jaws(no FACTUAL references at all) with the rest of the HERD! yelling FIRE!!
GLTA!!
I READ! it.. and like I SAID!.. the increase in "commons" is PROVISIONAL! for the "Series A" preferred shares in all likelihood based on the FACT! that they were BOTH!(Series A & Commons) included on the amendment.
Are you that naive that you think "preferred" shares convert to "commons" 1:1??... GET REAL!
GLTA!!
That was my general understanding too. Just seems bizarre why ppl would dump on an amendment that "provisioned" an increase of the A/S to cover "Preferred Series A shares"(most likely convertible).
Also, as you noted, "Preferred share" buyers are not "short-term" sellers... so WHY are ppl expecting a flood of "commons" to hit the market any time soon??
Really if you think about it, if the company wanted to JUST "dilute" the common.. why bother with "preferred" shares?? They could just increase the A/S, dilute,.. involving JUST "commons"... and be done with it.
Looking for a position BEFORE the "commercials" hit... I'll see how it goes.
GLTA!!
As good as a HALT!.. hope ppl made a little back on the "PR bounce"(resignation).
GLTA!!
LMAO!!... a "Dtc Lock"... NO! surprise.
I WARNED! ppl months ago... even RECENTLY! and they still believed that SFIO was the next best thing since SLICED BREAD!
Just UNBELIEVABLE! that "dreams of GOLD!" has turned to LEAD!(.00's-->.000's a REAL! possibility).
GLTA!!
"..company is still generating revenue"..what $2M/mo.?? DEBT!(including interest/dividends) is probably rising just as much or MORE!
"You have to look at future earnings too."... REALLY?? Is that what was said back when to the "creditors" before the BK!!.. LMAO!
Just PIPEDREAMS! that everything is going to be "A-OK".
GLTA!!
Soo, a $177M(+/-) sale/auction of the "spectrum" to service ~ $500M!! of DEBT "...puts the shareholders in the money."(in your words)...LMAO! That makes a lot sense.
GLTA!!
So, you think the "preferred shareholders" are going to wait YEARS! to get paid??... GET REAL!
.. and that "Lease Agreement" could be TERMINATED! very soon.
The way things are headed for TSTRQ.. MAINLY the "debt" problem... the spectrum has a STRONG! possibility of being sold/change ownership.
"Change of Ownership" is due cause for EARLY! Termination of the "Agreement"... so bye bye to their remaining "significant" revenue.
This is the DETAILED! "Lease Agreement".....
http://sec.gov/Archives/edgar/data/913665/000119312509229035/dex103.htm
Oh, about the May expiration(thought I read in a previous post).. it was actually the "pre-paid" amount for leasing the spectrum that "expired" in May.
GLTA!!
This sums it up and is right on POINT!...
"..UPDATE: Details on the agreed $1.375B stalking horse bid have now been filed with the Court. It is stated that the bid amount will exceed the secured debt (15% Notes plus PMCF plus DIP) by $90M. Thus the Exchangeable Notes (nearly $200M) and other unsecured creditors will have to make do with well under 50 cents on the dollar and no value would flow down to the equity holders in TSN (which is owned 88% by TerreStar Corporation and 12% by LightSquared). For these unsecured creditors to be paid in full and excess value to flow to the TSN equity would therefore require the winning bid in the auction to be increased to something between $1.5B and $1.6B (rather higher than I had previously estimated). Of course the disappointed equity holders (in TSN and by extension in TSC) may have some company, because at the current $1.375B bid level, Harbinger will also take a bath on its majority holdings of Exchangeable Notes, which it was buying at up to 82 cents on the dollar back in November."
http://tmfassociates.com/blog/2011/06/14/whats-happening-with-terrestar/
Proceed to the bottom(in the comments section)...
"Because most of the supposed “assets” are investments in a bankrupt company (TSN) which may NEVER be recovered"
"Never be recovered"... because the majority of the DISH offer went to "bondholders".
If you do a line analysis of the "assets" of TSC(TSTRQ), you can roughly determined that ~$400-$500M is attributed to TerreStar Networks, which SIGNIFICANTLY! diminishes the "asset value".
So, in REALITY! the "Net Asset Value" on the "Balance Sheet" is RED!(- $100-$200M)... which makes the "common" stock at this point.... WORTHLESS!(As I said before).
And I REPEAT! again, there is ONLY! ~110M remaining for "equity" and the "commons" are at the BOTTOM!
GLTA!!
WHAT! are you smoking?? The word "SOLD" is NOT even mentioned in the post.
WHAT! is mentioned is...
1.) "On the 6/21/2011 "Consolidated Statement of Operations"(Monthly)... TOTAL! revenue was $2M.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64938294
$2M derived from LEASED SPECTRUM!!"---> to a "Harbinger Affiliate"(wasn't sure of the name).
2.) "DISH has that NOW!"---> referring to TerreStars's 1.4(S) spectrum.
"Dish Network as soon as Tuesday could cinch a deal to buy the radio spectrum licenses of bankrupt telecommunications firm TerreStar Networks for $1.37 billion. When combined with Dish Network's other spectrum, the TerreStar deal will make the satellite broadcaster one of the biggest airwave holders...".. Deal APPROVED by the judge on 7/7/2011.
http://www.satelliteconsumer.com/dish-network-tv/dish-tv-news.html
3.) "Bottomline!.. TerreStar NO! longer has a network, they NO! longer have spectrum, which = DEAD!"---> pending regulatory approval from the DISH acquisition of the SPECTRUM!
Get your head out of the clouds!.. WITHOUT the "$2M in leased spectrum/mo." they have ZILCH! in revenue. So, where do they look for revenue??... in "satellite phone" sales??.. LMAO!
Soo, with little to NO! revenue.. how are they going to service the "preferred shares" DEBT!(~400M+ and GROWING!)??.. $110M(left over from DISH offer) will certainly NOT! cover THAT! liability going forward.
TerreStar is DONE!.. the SOONER! you realize that the better off you'll be.
GLTA!!
"reamining segments of the business"??... get REAL! gonzi.
On the 6/21/2011 "Consolidated Statement of Operations"(Monthly)... TOTAL! revenue was $2M.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64938294
$2M derived from LEASED SPECTRUM!!...DISH has that NOW!
What you thought DISH just paid the debt and left the "assets" with TSTRQ??.. LMAO!
Bottomline!.. TerreStar NO! longer has a network, they NO! longer have spectrum, which = DEAD!
Like I said, ALL they have left is PUSHING! a "satellite" phone and that's straight from the CEO's!! mouth---> "Now we can concentrate just on our "satellite phones"..."(paraphrased, but nevertheless).
GLTA!!
"Object" to WHAT?? DISH had the BEST! offer. "Take what you can get" applies to EVERYONE!
GLTA!!
That's right, the deal is FINAL! I don't think DISH would have bid if they thought they couldn't get regulatory approval. 1.375B is the FINAL! sum.
"Secured Creditors"(Bondholders) get 1.26B.
That leaves about ~100M for "Unsecured Holders" which is comprised of PREFERRED! and "commons". The preferred alone is OWED!! 400M+, so they will end of with PENNIES! on the dollar.
So what do you think that leaves commons?... NOTHING!
Even if the commons were to remain intact emerging from BK, all you would have is a Co. pushing ANOTHER! "wireless" phone. They WEREN'T! selling(if at all) that well BEFORE! the BK and I don't think they'll sell AFTER! the emergence.
These are the FACTS!... anybody talking different is blowing smoke up your ARSE!
GLTA!!
Oh, and the "1.4 spectrum" wasn't worth SH*T??... get REAL!! Down the road that spectrum is going to be worth 10X!! the amount that TSTRQ had listed on their books as "intangible asset".
GLTA!!