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Wrong my friend I have dug deeper than most on this board. Most only dig into stock performance and not business development stages. First you are wrong and your information is completely false and contradicts the filings with the SEC.
1. Kay developed the wireless communication between GPS and RFID, that technology was assigned to the ECDC in exchange for a royalty. Not uncommon that is standard with almost all businesses - please let me know what is strange about that.
2. ECDC was not in the social media business, Kay sold 51% to ECDC in exchange for funding completion of the development. If it succeed it is good for shareholders, from what I see now, both StudentConnect and Vir2o are moving the business. Have you checked the patent on FB see who owns it all, it ain't shareholders.Have you checked lately who controls Google, a few guys with super voting shares.
The only thing Kay has is super voting preferred shares (not majority shares) which he has been acquiring with his unpaid salary. I don't blame him considering some of the crazies holding shares in the company. Again you are totally wrong when you say Kay gets paid before anyone, he gets more than 50% of his salary in stock. Read the financial my man dont repeat/rinse what is being posted here.
I wonder if you or anyone on this boards will accept stock as compensation from their employer, the fact that a CEO is taking stock and not cash is a demonstration of his confidence in the business so I am going along simple as that. When you see a CEO not taking stock, that's when you run and run fast.
You have not been on the board for some time you should read some of the debunking I have done with research. Providing link and proof to debunk a lot of the garbage posted on here, Nine out of then times I get one line responses abusing Kay, no factual challenge to my information or they misuse facts or information that is continuously debunked by me.
One example, did you know that ECDC actually filed in one of their 10Q's that they pulled out of the Russian deal because the Russian government demanded to get a copy of the source code to GATIS Software? I am sure none of the incredible researchers saw it.
If you have read some of the post on this site about that deal you will think Kay put out false news release. None of us know the intricacies of the EarthSearch agreements, however what I will say 90% of the releases were about partners and annual commitments the partners committed to buy as part of the contract. The company never said it had those revenues, no one has ever proven those agreement never existed. That type of information require filing with the SEC.
None of us know, but my feeling is the partners could not deliver for whatever reasons and if they are still around maybe the rebound of the global economy may make EarthSearch the comeback kid. Like everyone else I am speculating based on the SEC filing and my observation of the global economy.
Finally all of our experience has been with EarthSearch business and for the first time we are seeing action from the other 2 new divisions, how has anyone concluded they are scams? or not legit? or will not succeed.
Unlike EarthSearch which was B2B (which we did not understand) these 2 are B2C so we are hearing more detail and learning more of the successes and that gives me comfort with my investment.
I am sticking with this one for the long term. My advise? do your own research and stop repeating what everyone else is posting as fact without your own research, I am finding these guys are taking half information or half baked truth and manipulating them.
The only things that are factual is that the stock is in the dumpster and that the company is using toxic funding. About the business itself 90% of their posting is garbage, the other 10% is that it needs to generate and demonstrate revenue. All of that can be attributed to any development stage tech company.
I believe if it succeed in implementing StudentConnect we will be having a different conversation. Just that one division alone can make everything look completely different. Maybe that's why some people are trying to sabotage it.
GLTA!! GO ECDC!!
Which of your statements is not a fact. Its easy for black person to walk into a bank to raise money? Really?
For education purpose - Banks don't loan money to development stage tech company. The business is only now just getting to a stage where bank lending will be feasible. Until now, no way.
You failed to see the CNN show about Google's concern that Black in technology are not able to find capital? I guess as long as you can keep the wool over your face you don't have to see whats around you.
A lot of major companies including fortune 100 companies use joomla to build their platforms. Joomla is simply a framework with a specific coding pattern it is not not a program. Vir2o will still need to develop its own codes.
I can tell you have never seen or used the site, yes it is revolutionary for social media. You ever heard the phrase "session sharing". Not screen sharing but session sharing, that's what the technology is. The day they bring it to the app Vir2o will blow up.
For those who don't know what the Vir2o technology is suppose to do here it is on your tube:
That's the error in all the prior postings. The retained Earning reflects consolidated financials from all prior operations, including those of EarthSearch since 2003 and ECDC since 1999.
If you go back and look at prior ECDC it had less than 200 shareholders with most of the stock held by insiders who are now long gone. So technically all the people on this board and all the so called toxic money raised by this news ECDC has been no more than $5ml to build everything we now see on the ground.
Which is why all the screaming and the shouting makes no sense o me when you look at what has been built for what was raised since 2010.
Take EarthSearch out of the picture and Vir2o and StudentConnect alone will make this a bargain and worth the investment
I have seen people even post $20ml as a debt. Which lets you more about the quality of commentators on this site than anything else.
R&D is expensed not capitalized on ECDC financial hence the large losses we see.
Sdave2002 I agree with you. How often have you seen a sub penny go out to build the type of businesses we see this company building, truthfully. CBS Fox Atlanta story, NBC News10 story, Agreement with South Carolina DOE, confirmed by Vanwes1, Interview with Ralph Night at Napa Valley School District, Interview with guy at Gordon County. Contract singed in Louisiana and South Carolina Schools. Even if we feel Vir2o might not make it and EarthSearch is a fluke. StudentConnect gives me goose bumps, will not be surprised if someone make a bid to buy it from ECDC. Tat would give it enough resources to get the other 2 running right. I am betting long term on this one.
GLTA!! GO ECDC!!
ECDC that you are referring to went out of business and became a shell. It was purchased in April 2010 by EarthSearch a GPS company. EarthSearch began to rebuild ECDC which we have today. So you are talking about 2 completely different companies and if you look at the prior ECDC it barely traded had over inflated share price that traded couple hundred shares a day probably being manipulated by prior owners.
Between 2010 and today it (in my view accomplished the followings)
1. Rebuilt its GPS operation to what I considered to be a more robust technology integrating GPS & RFID(Time will tell if it will make a difference)
2. It created 2 new subsidiaries:(both of which are showing incredible promise)
Wetwinds - Vir2o, a Social media division
StudentConnect - a School Transportation technology
I am not sure how much money it has actually raised since 2010 but from what I have seen it would be approximately about $4ml.
So for all intent and purposes what the current shareholders of ECDC have gotten for their $4ml investment are 3 very promising businesses for a very meager sum compared to similar operations.
The fight on this board is very simple:
Those who thought they were misled by news releases and therefore the company should go out of business. They also believe they were scammed by the CEO pocketing investors money and there is no real business. They also feel the shares will never have value again These are the loudest ones on the board. They invested in the stock not the business and were looking for quick return on investment
The other group which I am with, feel different:
We feel we purchased shares in a brand new company building product and operation that would take time to deploy and require patience.
We see the glass as half full not half empty and we feel a strong operation with maybe 2 successful division can bring the share back. We don't see fraud or scam as we see the results from the investment (existence of business, product ,technology and now increasing opportunities). We don't subscribe to killing the business and our investment because we are angry at share price or abusing the CEO whose hard work is starting to show result and believe there is more to see.
Technical a fight between people who invested in the stock and people who invested in the business. Simple as that. Objectives are always different
FFF stop blowing smoke when you know the financial for a R&D company always look like crap until it start making money. Just because we never got to see FB or twitter does not it mean would have looked any better than ECDC. Most of these companies have incredible amount of debt on the books in the several hundred millions. If it succeed with its commercial strategy ECDC will be the first social media platform that is debt free within the first year of commercial business its debt is incredibly low at $4ml.
The financial is the last bastion of defense for the naysayers and I am now diving into it to debunk that too.
RJ5 who are you researching social media or web sites, there are many facts you must consider for a site to come to us with your conclusion. Are they exclusively earning ad revenue off each user or they have other revenue driven content like Facebook and vir2o.
As I am typing this response I realized , wow! that's just one division I have not even considered StudentConnect and EarthSearch revenue. Why the heck am I even thinking of share price at this stage. Share price will adjust itself in 2014 sooner rather than later. Like someone just posted, FFF did you even consider what an acquisition could do to the stock price? Did Microsoft not buy a huge money loosing debt ridden skype for $1bl? I am sure the stock was not an issue, it looked strictly at the BUSINESS
Business analysis people that's whats most important now not stock unless you are flipper. The company is evolving right in front of our eye and all some people want to talk about is stock oh! my! my!
what most of you also have not considered is this, if someone came and purchased StudentConnect today and pay say .50cent per share, not only will most shareholders have made money they wills still be holding the same amount of shares in the other 2 divisions and with share price appreciation. wow!
Your investment is in 3 companies not 1
GLTA!! GO ECDC!!
Smoking hot News on Vir2o!
First let me worry about my investment you worry about yours. Stop posting me garbage research, I have a college degree in business Management and Analysis.
Finally I went through the financial and there are many private investors putting money in ECDC the amount of toxic funding has been dropping. My research on some of the named investors in the 10Q were current and former NFL players. All the noise of how it will not make it and has no cash is BS.
RJ5, maybe that’s why it took Facebook 5 years and $500ml to make its first dollar, I however don’t think it will take the same with Vir2o, revenue sources are too diversified and numerous. Here is how I see it.
Most web sites don’t work like a social media platform and most social media platform are not designed for interaction such as Vir2o. Social media platform has a higher rotation per user based on user driven content versus web sites where user is only there to read content. All theories on how much it will make based on user is wrong.
Vir2o, if it succeeds with its strategy will have a higher per user revenue than any other social media platform including Facebook.
Here is why, it will succeed with ecommerce where Facebook has failed, it already have Amazon just need a few more and in each country it serves. It will offer online movie viewing with multiple users in an interactive way, something that could strengthen pay per click revenue and pay per impression (ppm) with several users sharing content simultaneously. Especially if it delivers this feature on the mobile app.
Unless I am mistaken it also will be offering Music Service VMaestro announced earlier and Live broadcasts. Talk about deep revenue source for a platform. Patience in execution will yield massive result, will take money and time. Call it what you want I see it changing Social media, it is integrating everything web into social media
Unlike Facebook which failed miserably in implementing eCommerce I like the Vir2o eCommerce strategy. DIY video section of its movie space can drive users to the site in millions. This thing has leg to run for years and decades. Going international to build the audience was a smart strategy Facebook is too entrenched.
Like I said I am doing deep dive into research on the business not the stock. I strongly believe stock will follow business sooner rather than later.
I am investing in the business not the stock, the stock will pay off if my business analysis are right. That's the way I roll.
GLTA!! Go ECDC
Yeah, when the brain get stuck on facts, people go to abuse mode. Too classic and old. That's the only and poor defense to logical thinking. Could not respond to any of my points? not one? Really ? That's the only answer? "Any lying CEO does" that's the extent of response to a detail rebuff given to an incoherent illogical post?
Well does not work anymore there are those of us who now do our own research and are not drinking form the fountain of anger. Or should I say fear that all their negative predictions are not panning out may be coming to a crashing stop.
People will be eating dust when this thing fly, watch, the engine is revving. I am so happy with my investment. Imagine collecting shares at .0001.?
GLTA!! GO ECDC
Unless you are trading on insider information how you do now it has no cash? The Q shows its cash position on a date specific, how does that prove it has no cash?
How did it build Vir2o, FFF and Brandon12 have been saying it has no cash for 18 months now that is 6 Q ago. Fact number one argument is challenged, how do you know it has no cash? If you only see one day of its cash position? Love to get an answer or we give that argument a rest.
How did it build the apps, finish Vir2o, doing all these pilots? Since the last Q? --- Fact please …… It has access to cash from somewhere. How did Kay travel to Nigeria to promote Vir2o, I know Delta does not accept monopoly money.
Since you try to debunk deductive thinking, let’s do one exercise.
Are you admitting that it has access to cash when you say it is using toxic funds? Cash is cash toxic or not. So could you be the one misleading us? When you try to allude to a pending failure due to lack of cash? And at the same time say it has access to toxic funds. Are you arguing both sides of the same point? I am not saying it is still using toxic funding I just want to point to the follies of your argument.
On the other hand how do you know it will not find alternative funding source since it has never been in this position before? Which are the 2 divisions we are seeing news about, not pr, news, as there is a difference.
Now, to the BIG POINT. “The common shareholder dos not have time for a grand plan”. Everything in their Q and K was a grand plan, Remember ECDC did not have a business in 2010, no operation it was a shell. So what exactly was the common shareholder investing in when he/she made the investment?
Deductive thinking
So, a common shareholder invests in a business that has no operation or business and was hoping to make a killing within months because it ‘a penny with a great grand plan. Whoa! You said no grand plan. See deductive thinking does have some merit to it. There has to be a grand plan to build a business if it had no prior operation. Making bad investment decision does not make the company bad.
What was that you were saying about “real lack of substantive DD” you must be referring to that common shareholder
GLTA GO ECDC!!
Yes I have and what does development stage have to do with commercial stage of a business. They are like night and day. What does the last 3 years have to do with the next 4 years. Last 3 years have nothing to do with Vir2o or StudentConnect. It had just one struggling division my bet is on the 2 new divisions. The news we are getting are not PR (wake up) they are TV news with testimonials from transportation directors and School Superintendents talking about why they need it Does it matter that the people who are buying the product are on TV saying we want it or something about that, that did not click.
Every news that is coming out is debunking all the arguments that this company will fail. The problem is nobody ever comes out and give cohesive and intelligent counter point, they simply attack the person. That is defensive, bullying and sign of lack of information or ignorant of facts. I want to argue facts.
Yes a lot of people are angry about their share price, don’t play penny stock if you can’t loose your $500.00 and don’t invest in a development stage company if you cannot have patience.
They said it will fail when it completed Vir2o
The said it will fail when it built apps for iOS, Android and BB
The said it will fail but we find out it has been funding pilots for many schools across the country. Am I missing something here about this “fail arguments?”
To debunk revenue projected one guy (Chicagodog) confuses sms messaging price, pay for # of impressions
Another guy (RJ5) posted Ad pricing from 5 years ago. Take a look at pricing on Facebook, guys do real research before posting.
When I make my point, I lay out basis for my argument whether flawed or not, come back with some counter points don’t attack me, don’t try to bully me, you can’t bully me, will not happen. One line sentences or paragraphs full of abuses are almost retarded.
I have crushed all research they have posted in the past to discredit the man and the company. Like the Russian post that have been posted all this time as a lie, turns out there was information in the 10Q saying they pulled out of the deal. I have admitted the only flaw I saw In the business, he used toxic money but the business is solid. I have challenged anyone to debunk my arguments, facts for facts from a business perspective, no takers yet.
I love the company and I am not going anywhere.
GLTA!! GO ECDC!!
That I dont know, however what I said in my post earlier today based on the news we are getting lets make deductive thinking here.
We know there are 2 contracts
We know there are2 pilots (we saw the media news)
So lets assume they sing he other 2 schools, we go into 2014 with 4 contracts. assume each school has 7500 students we have 30,000 students.
Most digital ads runs between .10cents and .25cents
So lets go low end.
Avg student get 4 messages/day (see press releases)
we have 120,000 messages per day at .10cents = $12,000/day $60k per week
$240k/month 1st Q approx. $1ml revenue
Assume Vir2o that everyone keeps making fund of, just make a little inroad in Africa and Brazil and have 50,000 users, we could see another $150k in revenue
Assume EarthSearch continue to slowly grow again and we see $100k in 1st Q
StudentConnect = $1ml
Vir2o - $150k
EarthSearch = $100k
1st Q projected Revenue = $1.25ml
It surely will have its first profitable quarter, and the race will begin. Everyone keep missing the point that development stage is over and this is the time to average down, that's why I have gotten aggressive in posting here to make sure these people dont destroy a good thing for me personally.
They accused me of posting insider information I asked them to show evidence and proof, but n answer, The key is careful unbiased analysis of the business not the stock. You cant project where the stock will go looking at the stock, you have to look at the business itself and track it s progression. Everyone is fixated on the failures of EarthSearch which was the first but just one of 3 divisions. Everybody failed to see Vir2o move form concept to the web, then improved, from 500 users to 3,000 users from desktop to apps. From US to Nigeria and Brazil and everybody will still be complaining when the stock go explosive on us.
The guy is form Nigeria for crying out loud, we will get 50-100k users I am sure in a country of 154ml. Have you seen all the news coming out of Nigeria regarding his trip. Do a search for news abut Vir2o, it will wake you up
They refuse to analyze the difference the 2 new divisions are going to make. That's where we part way in our views. They are stuck and will not get off the past, they will be crying when I will be going to the bank.
They can never factually dispute anything, they immediately go to abusive mode. I ain't buying it. It is time to get paid and I am watching this closely. All diligent research, my man, no fluff, no BS, no emotion, no abuse and no insider info just careful business analysis.
GLTA!! GO ECDC
3 comments, 4 Answers and no factual challenge. .
RJ5
Thursday, 11/07/13 08:58:56 PM
Re: Confuscious post# 56614
Post # of 56618
are you trading with brain cells??
And your point issmart guy. Its called advance education
Realityhurts
Thursday, 11/07/13 10:28:27 PM
Re: Confuscious post# 56612
Post # of 56618
'Loose' shares are the only things keeping the lights on. Which translates into investors rapidly losing $.
I will not be surprised with 6 months from now, however, unless this is all a charade, I suspect that you may be
Will not be surprise in 6 months? am I the only one tracking the news releases and projecting a future for this thing, short term player never win the real thing
brandon12
Thursday, 11/07/13 07:53:27 PM
Re: Confuscious post# 56612
Post # of 56618
You routinely post data and information not readily available through public channels. Do not try and attribute it to DD. You either are a company insider or a Kay follower. I could careless about news articles and what people post I the media. We all know it must be true if you see it there right? I remember this little enterprise called Enron that had all these great accolades.
The bottom line is no matter what deal for FREE services the snake oil salesman Kay May have persuaded someone into pursuing he does not have the money or technical staff to implement it in any time frame.
So like all his previous empty promises nothing will happen the only difference is this one would cost millions to roll out before it had any chance of making any money. And since Kay can't borrow two nickels through any legitimate source good luck there.
All IMO
Finally the guy with the faulty research what were they :
1. Kay Convicted of security fraud - was false research posted for more than a year.
Kay has bankrupted 3 businesses - was not true fake research
The GPS map was in the outskirt of Moscow - not true expanded the map vehicle was in the center of Moscow
Company going to bankrupt , close down, product are not real, company has no real technology - all completely debunked
Post me right here one single fact I posted that is not 1, public information, 2. Research that can be supported with source 3. Result of careful analysis of public information, company announcement derivative of my well rounded college education and analytic skills.
No frills, no emotions, no antics, no slander, no abusive comments, no childish banter just simple logical analysis. In case you never heard of it before let me tell you what it is. "Deductive Thinking"
I am issuing a challenge to you to post one single thing that is insider information I will pull my public source. Not being able to think beyond the stock price and abusing Kay while hiding behind your computer and bullying people off the board does not work with me.
I am a ECDC and Kay follower- is that a crime?
budmgd
Thursday, 11/07/13 09:06:45 PM
Re: Confuscious post# 56614
Post # of 56618
Here is some news: ECDC - .0001, and....oh yes....NO BID! GLTA
Yes I know, you have posted it 100 times, trading for today does not make sense for tomorrow
Kay is more powerful that we all think
He was able to convince CBSAtlanta to do a story with fake buses and students and an "actor" transportation manager. then he got together and forced NBC 10 to do the same story in Louisiana and got a fake school superintendent to discuss why the system was critical for his school, when that was not enough he made sure when Vanwes1 called SC department of Education someone will talk to him and give him confirm the fake story that they have approved StudentConnect can be implemented on all the school buses in SC.
What a monstrously powerful guy, next thing we know he will be in our homes watching us and helping us write the the garbage we post on ihub.
O! Kay O! Kay the almighty and all powerful. Please do not forsake "budmgd" as he has such faith in your power and abilities to scam us all with all these events and news. Your love for him shall be undying for his faith in your scamming skills. When you finally install the school buses and start reporting the revenue please don't forget to let him know you also get paid in fake dollars.
Almighty Kay !
http://logosandaudibles.blogspot.com/2013/11/social-media-got-boost-as-vir2o.html
GLTA! Go ECDC!!
I don't understand the speculation. Everybody has an opinion of the company;s cash position but Q after Q we see progress we see money being spent we see that it has been able to sustain its operation and development. So I say lets give this speculation thing a rest and let the company do what it needs to do.
Yes I do and so can any of us here if we don't call and be belligerent and abusive as most people here seems to do. From what UI understood form my conversation. The company commercial efforts are now clicking and they expect to see the turn around be reflected in 1st Q 2014 report.
No, I do not speak for Kay, I just do more DD on business than on stock. Stock and business sometimes can show different story about a company. Most people that loose money in stock do so because they do one without the other. A lot of people here invested in this company as a gamble as most people assume all sub-pennies are which is not a bad thing but I saw a business portfolio being built and I knew it was not just about stock alone there is an underlying business here. Reading stock chart works for most sub-pennies when you find one with real business portfolio and operation in development you better change your approach to DD quick.
Most times when a business is coming out of R&D the stock movement lag almost 6 months behind and I think most will be shocked 6 months form now.
GLTA!! Go ECDC
As I stated earlier everybody is focusing on the wrong thing. Kay cannot control anything related to value, what Kay can control, he is showing us and proving to us what he has been doing and that is building the business.
All the latest development proves that. I can assure you like any business person, you don't build a business such as the ones we see here for the sales of playing games. 3 technology companies? This is not some penny stock just taking people s money to cash in this guy is building real operation and businesses why cant everyone see something in that.
Generally share value does not keep up with business growth until after several months.
I don't expect to see the revenue impact until 1st Q 2014 but I bet it will be explosive and you and I can stop worrying about shareholders value.
I have total and complete confidence in this guy and my confidence has exploded since Vanwes1 confirmed the deal in SC Which tells me this guy has been working on things we just have not seen.
Vanwes1 - thanks buddy, but seriously, the stock is a scam but the company may not be? seriously, Kay pocket he money? really,so he is building the company that is not a scam with what, monopoly money? You speaking thru both sides of your mouth. Keep the story straight man, Stock cant be a scam unless company is a scam.
Be bold, be brash, cross over to the other side, those of us that believe remain unwavering. Join those who want to throw the baby out because the water is dirty. The only thing Kay has don wrong is raised toxic money to build the business point blank simple. He has done nothing but build the company and he told us he would do that in all of his SEC filings
GLTA! Go ECDC
Now you know how it feels when some people act like f..ls. Especially when you have done your DD and have facts and all you get is a bunch of speculation and abusive comments, from people that can barely speak correct English with proper punctuations. It is frustrating for me just like you as I have $50k on the table but I am not that down, as most of my accumulation came after the .0001 so I have averaged down and looking to make massive money on this and not going to stand back let some people try to crush it because they are angry. I am not backing down for anybody unless they facts that contradict my DD. No emotional BS, no personal attack on the guy.
If FB took $500ml and 5 years and Twitter took $760ml and 5 years and loosing their back on it, I am yet to be convinced what this guy has done to deserve all the abuse on this site.
Just like Neuronal posted the other day, none of us know what strategy will be deployed to restructure the capital stock, but everyone is speculating and jumping up and down. We don't even know if there is still dilution going on, maybe old money being converted.
All the noise that is was going bankrupt and closing down and SEC action has turned out to be garbage.
Good luck making sense with intelligent mumbo jumbo posted here. I dont just do stock research I also do business research and study business strategy and I am still betting this one is a winner. Everyone under estimated the news yesterday, Nigeria and Brazil represent the largest mobile app and device growth in the world. I am loving the way this guy is thinking and loving my holding. No offense I am sticking with this one.
If this takes of in Brazil and Nigeria it will be coming back home here to surprise us all. Nevertheless thanks for the info on SC it was a major and powerful validation to give the rest of even more confidence in out decisions.
Here it is, Pure facts
http://venturebeat.com/2013/11/04/startup-valuations-soar-to-highest-levels-in-10-years-report/
“We have seen some incredible funding rounds and valuations in 2013 — Uber raised $285 million at a $3.5 billion valuation, Snapchat is rumored to be raising $200 million at a $4 billion valuation, and Pinterest recently secured $225 million at a $3.8 billion valuation.”
“Two of these companies have yet to demonstrate that they can actually make money.”
This proves all the banter on this site is non-sense. Kay is only getting beat up because ECDC is publicly traded. Most technology companies are deeply in the hole before making a dime. For most it takes 5 years or more. This ECDC has been running for 3.5 years only.
As I have stated before a lot of these other company have half billion dollar debt or more before making a dime and nobody say they are bad or scams. It takes money to build a technology company.
Can anyone tell me how these companies got their jaw dropping valuations????
ECDC is "Boxed In”, the news and the product are too good. It is now hunted by the way it raised the money to build the company. All the shouts about scam is garbage. The problem is, he raised money from scum bags.
If I was him I will default on their f'upd loans or demand to restucture the loans, take care of my shareholders and tell them to sue me. Give the stock a breather. What this guy has developed is just too good. Someone need to advise him on how to get out of this situation. It will have to fight to break the choke hold from the Southridge, Ironridge and Asher Enterprise. The reverse was a mistake; it should have waited till now, when it has all these news and growth, it was done too early.
The chill is killing retail buying, that's why its struggling to break out, all the trades we are seeing are MM killing this thing. It is a good company and I am sticking with it.
GO ECDC!!
You can blow that smoke all you want. I know my stuff. ECDC does not need to tell me that. I can go on the market and look at what people pay for online ads, pay per click, impressions, bidding, google ad words. I went with the low end since it is a start up. Since you only do stock research and no business research you might want to log in to facebook, twitter, Google Ad, Bing Ads, and Admedia (which ECDC has partnered with) and find out what people pay for messages
The problem is, you don't care what the business model is, you dont care what progress the business is making, it does not factor into your thinking, you cant see beyond the forest (stock) and that is o.k and other people can buy that from you. But that nonsense is not for me. I can research and I can think.
ECDC should negotiate its way out of its debt. Restructure the toxic debt or let them take it to court.
GLTA! GO ECDC
Not worthy of a response
ECDC has incredible strategy to corner the market. That what you will like others to believe. No they don't give it away for free, what they are doing is very similar o what everyone else is doing "The best way to make money in the 21st century" Advertising revenue. I have done the numbers and they are incredible and breathtaking.
Here is the breakdown just for metro Atlanta where ECDC is located:
500,000 students ride the bus in metro Atlanta
Assuming only 60% will participate that equals 300,000 students.
Each child will have 4 standard messages:
Pick up at home, drop off at school
Pick up at school, drop off at home
300,000 students 4 messages per day = 1.2ml messages at .10cents per message = $120,000 per day
Everybody can scream all they want about how terrible Kay is, I describe him as a genius. Sooner or later they will have 300,000 students.Maybe a combination of metro Atlanta and other cities I see it coming already. Its a freight train even ihubers cant stop.
Then What? PPS goes crazy and the naysayers jump in the lake?
Kay thank you. We appreciate the sudden life you are giving to your supporters. These guys are going crazy at the great news we are now getting, they are making every effort to debunk them, but facts are facts, television shows are televisions shows,(CBS Atlanta) radio interviews are radio interviews Napa Valley interview), agreement or contract (SC. Louisiana) hair splitting makes no difference we are seeing the result of the many years of work.
Guys you cant debunk what we can see, hear and read. A picture is worth a thousand words
.
Both Vir2o ans StudentConnect now give us better insight to the business and I am loving it. Vir2o, Virno,call it what you want, it has advertisers on board and user is slowing growing. Money will follow sooner or later. Those who have no knowledge of software let me be clear. Vir2o uses joomla only as framework, it developed its own proprietary codes.
Continue to live in the past if you must. We are seeing new reinvigorated ECDC. I will rather see the business development growth now than share appreciation because that tells me we are going to make money soon. When revenue comes in share price will change.
People can speculate all they want, for those who believe in the company, it is time to accumulate and average down, wait to make serious money.
GLTA! Go ECDC!!
Neuronal, you and I have been behind this company through thick and thin and I am sure like me you have had your moments of doubt. The real original shareholder are the ones still giving Kay money, so what do they see that we don't see. Look at the private money coming in and go all the way back to beginning same people.
We can now clearly see they are near or at end of development, everything we are seeing now indicates that. So before we start allowing these negative guys to climb up a tree why don't we let the man now focus his attention to shareholder value. Remember all he has been doing is raising money and building business. Now maybe he can build revenue and focus on other strategy related to shareholder value.
What we should not be doing is speculating. So many speculation goes on here. People said there was no money in the company, it is obvious they have been wrong as it was continuing the development of vir2o, we see the apps, we see StudentConnect, so there was money or he has access to money. This is totally wrong. Please don't encourage them. I am here to debunk false claims and stories.
All the shares we are seeing could be investors just converting debt, we don't even know if the company is now generating money to fund parts of his operation or even if it is still using toxic funding. Lets all take a deep breath.
GLTA!! GO ECDC!!!
Quite sorry you have to get to the bottom of the stench with the rest of them. Fact is you ignore the challenge to your points. No I started accumulating when it dropped to trip zero.
Facts need to be point of discussion not personal feelings, insults and abusive languages that have become pervasive on this page and all the other junk posted here. What most of you fail to recognize is that nobody work so hard to build these many businesses for a joke.
The same guy that yu are abusing is the one that will implement strategy to bring shareholder value back. All the non sense being posted is simply a failure to understand there are separate strategies for development and for share appreciation/growth. And I will bet this guy having accomplished the things we are now seeing, is not going to stay down here longer mark my word for it.
If he can apply the same determination he applied to get StudentConnect and vir2o up and running against all the odds, and apply it to shareholder appreciation most of you are going to have egg on your faces.
All the shouts, no money, it is the end, its going to bankrupt, scam, instead all we are getting is news of continued growth
GLTA! Go ECDC!!!
No fictions, Just bare knuckle facts
This is the misinformation I am talking about and he still posted it. My question was this let me rephrase in case you missed it:
Show me where he has received CASH COMPENSATION. Total compensation which is majority stock is normal nothing unusual.
Instead you posted same data to support wrong information.We should stick to facts not fictions, wishful thoughts, just the bare knuckle facts.
It debunks all the non-sense that has been posted on this site all this time, all the story of his high lifestyle is all but made up stories. I want someone to post and show us when Kay has received $350k in cash compensation.
He gets a majority of his compensation in stock.
GLTA!!
Key phrase " Either are organizing or moving money out"Now for all the people on the board getting angry for not doing proper DD, how can they say the company is just getting money. Before StudentConnect or Vir2o we were all in the blind about what the company was doing as it is tough to tell in B2B business.
Now we have B2C businesses Vir2o and StudentConnect and we can see clearly the company is not moving money out, it is build its business portfolio and operation news in the last 2 weeks clearly indicates that.
I have 120ml shares because unlike people here I average down significantly and now see money my way and not going stand by and let these people cut the business down. I believe in what I am seeing and feeling and wil laugh all the way to the bank once it is all said and done
Wrong, and you are not doing anything different than what I say you do, Exclusive focus on stock price. A company is more than just share price GLTA! Got to look under the hood.
You have to remember some people speculate for a living. My feeling is that this company suddenly has started an aggressive release of news, something is brewing and going on. A preparation for 2014? a stabilization of shareholders apprehension? not sure but certainly something is going on, what I am confident of is that it cannot be a R/s not with all these good news, sounds to me like the company is looking to make some move.
FFF. I enjoy our dialogue because it is more intellectual and about fact more so than about the person. I agree but beg to differ. As I stated in one of my earlier posts about you, my disagreement with you is generally based on your exclusive focus on stock and disregard for the business position and strategy.
Yes issuing a lot of share after a reverse will and has impacted the share price. What you did not say however, is what other strategies are there to reverse the share price trends because there are many and the things you say will not affect share price are exactly the things that will be catalyst or other strategies. So your argument was half baked.
Everyone continue to disregard why the shares were issued in the first place. It is clear form the last several news that they used the money wisely. How does it impact share price? lets look at a few business moves that may now open up.
1. Acquisition and joint ventures that could move the share price or change the company.
2. Revenue surge in 2013 that can trigger a buy back
3. Increased access to more solid capital that can help buy out debt still on books which can also trigger surge in share price.
Your argument about lack of revenue were valid,(but for the past) and you and I know addressing that single issue which seem to be where we are now headed could completely turn this into something totally different. Why will you now not give us the other view should revenue start to grow in real numbers. Tell us what could happen, because from reading your post I know you know and you have the investment experience to know, lets all be honest here.
In fact once revenue starts, a combination of buy back and reverse may not be bad to drive share price to the $5-$10.00 dollars range, where it should be if it successfully can get users on its social media platform and change its SIC code to match facebook.
The strategies to change capital structure to impact share price become limitless once the revenue stream begins. 2014 will be a very interesting year for this stock. I hope you will remain here so we can see which of us saw further down into the future of ECDC
Go ECDC! GLTA
Let me shred your fact to pieces
Fact 1. No revenues added since I bought in 2011
Wrong Facts: Company reported almost $1.8ml in revenue since 2011 not including 2013
Fact 2. He is unable to get financing at normal rates by stock purchase or legitimate banks due to the fact he doesn't pay his bills.
What world are you living in. How many black people do you see in tech space. 1. Banks to give loans to Tech company. Tech is complicated and long development cycle. 2. Black people are not in tech because they cannot find money. Silicon Valley is black averse Situation is so bad Google is doing program to help convince people to invest money in black owned tech companies. Know your facts before writing. Did you not seethe CNN show about blacks in Tech. This guy if he succeed big, will break a huge barrier for blacks in tech space.
Fact 3. He pays himself a large salary and has produced nothing of shareholder value. Just look at the stock price.
Guys stop spreading false stories, look at the financial, it is clearly broken down cash vs stock. Please tell me how much he has actually been paid in cash. He get stock. As usual most people on this board don't read the financials they repeat other people's comments
Fact 4. He prs major deals that never go through. Just look at the quarterly statement. No revenues from one deal stateside or international.
Wrong again. Reported $1.8mlsince 2011. He PR annual commitment in agreements with partners, not revenue get your facts right. If those partners don't come through does not make it false or wrong but obviously some do come through considering $1.8ml reported. Secondly if you look at most of the PR, like Kenya, Nigeria were government deals. Those partners could have fallen apart or even the government contracts. You are only speculating. Read the last few Q's. All the noise about the Russian deal was explained, why it fell apart, the KGB demanded source code to EarthSearch product Will everybody just stop speculating and read the Management Discussion in the financial
Fact 5. All of the subsidiary are under ecdc for which Kaye has total control. Shareholders has no say in anything that goes. It's a dictatorship.
If you were building a business would you not want to have control. Its called super voting shares. Ford family has it, Google guys have it, Facebook guys have it. Bill Gates had it. At ECDC it is called preferred shares. Kay is using it to control the votes, imagine him allowing people on this board in
Fact 6. From 50 cents to no bid in less than a year says it all. He doesn't care about increasing shareholder value.
Did you not read the 10Q's and 10k before investing? it states there like night and day. "Business is in development phase, will need to issue a lot of stock to raise money to meet its obligation" you should have waited till now to invest it is the perfect time. I have 120ml shares and just waiting for it to go to .01 and my 50k turns to $1.2ml. What I will not do is stand by and let some people destroy that opportunity for me because they don't know how to invest
Fact 6 is IMVHO
Good morning and go ecdc
Just because you pay people to answer the phone and work on a couple of RFUS doesn't make your business legitimate. Most who have invested her have come to see this for what it is. An investment it surely is not!!!!!!!!
First know the business you are investing in then you will make good decision, that's the key no need to get angry. It is RFID not RFUS. Obviously the news we are now getting tell us it is very very legitimate. Unless you want to say the interviews with all the transportation directors and the new contracts announced for StudentConnect, the Vir2o site and app are not real business. If not what will constitute real business for you?
GLTA! Go ECDC
wow! Incredible Radio interview - StudentConnect
http://peggysmedleyshow.com/index.php?q=node/1599
Show me a sub-penny that has been this real in a long time. Everything Kay has said is true. I will grant some facts, the EarthSearch business did not work out well, a lot of the contracts they announced did not pan out. For reason we may never know. (Everyone here is just speculating, economy was bad glbally) Give this guy credit. He diversified the company and came up with 2 blockbuster businesses. Most CEO go under and file bankruptcy.
I never understood the scam thing, when you can see feel and touch the products. EarthSearch we did not know enough because it was B2B, StudentConnect and Vir2o we can see because it is B2C. So we have conformation it is not a scam and it has real business and products.
People are angry because they developed unrealistic expectation for a business in development. They can get over that. Its risky investing in a development stage business, take your chops or licks and look at what is now happening and hope it will soar to height that will make it worth your while.
Want to stay in the past Good luck to you. The news and the things I am seeing tells me Kay was right all along, they were building credible products and business.
All is now starting bear fruit and I am loving it.
GLTA! Go ECDC!
Proof is in the pudding... Big News out again!
http://finance.yahoo.com/news/south-carolina-state-doe-approves-123000603.html
You are on the loosing end man. Give it up this sleeping giant is starting to wake up. One day you will wake up and it will be at .05.
It appears I was right, development is over and cash machine is about to start ringing. Like I said in several emails before, only those who have never done it before thinks it is easy and happens easily.
Go ECDC! GLTA
I deal in facts, no bogus information….. No emotional comments.
Fact 1: Kay developed wireless communication between GPS and RFID, he assigned all rights to the company and gets a 8% royalty. Not unusual and quite normal
Fact 2: Company uses same technology to build StudentConnect
Fact3: ECDC was not in the social media business, Kay created a social media platform (no conflict of interest as ECDC was not then in social media business)then sold 51% of the social media platform to ECDC for development fees only.( I think long term it is a good deal for shareholders).
It’s all in the SEC filings no insider information here. Read the reports. Can someone tell us how Kay owns everything. All you have to do is look at the patent filings for Facebook. Mark Z owns everything, 100%. Let’s get facts on the table. Kay assigned all to ECDC. there is nothing unusual in any of his transaction with the company.
Someone said ECDC owns nothing, really? Since we are in the cyber age I think we would all agree, most company’s assets are intellectual in nature and web property. So let’s look at the assets built in last 3.5 years that we are all so impatient and angry about:
www.earthSearch.us - EarthSearch
www.global.earthsearch.us/gatis EarthSearch logistic business
www.global.earthsearch.us./gatis/caras -Custom Operation www.global,earhsearch.us/gatis/schconnect StudentConnect - School transportation System
www.vir2o.com – Social Media
www.scaap-ad.com – Advertisement platform
Vir2o Mobile apps, iOS, Android, BB
Now I will imagine someone stealing money will not be spending the money stolen to do all this work will he? We have seen Vir2o, good or bad it was built we have seen the apps good or bad, we have seen StudentConnect on TV, good or bad. Maybe that’s why the SEC have generally ignored the empty noises.
One quick note Joomla is just a framework with specific coding pattern, it is not a code, to build Vir2o, Kay had to develop codes in Joomla coding pattern educate yourself before posting wrong information.
VanWes since you have met Kay, seems you have been to Corporate offices, did he have employees, did you see an operation , offices, was it in his house or office park tell us more. You are the only one that have that information yet you come here and say it is bogus.
There is a difference between saying someone is a bad business manager and saying it is a scam. One is dissatisfaction the other is slander. Just because people on this board were looking for get rich quick opportunities does not make ECDC a scam. If you could not invest in a development stage company you should have read the SEC filing before investing.
I say when the dust settles ECDC's real investors will win.
Go ECDC! GLTA
Great minds discuss ideas and simple minds...... well you know how it goes they discuss people. i.e kay
The issue is this... A lot of people are still living in the past 12 months and cant see what is happening right in front of their eyes. when a business start to move, it takes 6 months for the stock to catch up, the same thing will happen to ECDC. We will wake up one day and it will be over 10cents.
For one thing, Kay said they were developing several divisions, truth be told we are now seeing those to be true. We are now seeing all the developments coming to life.
Regardless of what anybody says, the launching of the mobile apps is the beginning of life for this company's social media
The recent news of school district starting to adopt the StudentConnect is a precursor of a very successful company in the making.
Naysayers are about to have egg all over their faces.
Go ECDC!!
Everything you said is defined "Development Phase" it is this lack of understanding of stages of a business life that is driving most of the inaccurate comments on this board.
If the people on this board were to be investors in facebook or twitter during their development stages it probably will never make it. I will make you a promise. Both of those companies were loosing hundreds of millions of dollars during their development stages. Difference is they were private.
If you cant loose your money why are you investing in a company still in development?
By the way you are making my point. ECDC has achieved significant milestones for raising less than 10% of what either of those 2 companies raised.
One thing that is very obvious about all the negative comments is that is they never address any core business issues raised, they go back to the same thing. "Kay is this and Kay is that" "Stock value" "PPS". I have asked now 3 times for anyone to explain to me how Kay is taking your money if he has used it build all those web properties. You and the rest of them just gloss over it as if it is irrelevant and that what make your argument partisan and weak. We all saw the StudentConnect product and software on the CBS Atlanta news. There were people here saying it did not exist. So they are spending money building something. Good or bad they are spending investors money building product.
Address a few things for me
What is the average life of a tech company in development
What is thew avg cap raise of the avg tech company
what is thew avg lifestyle before deploying product and generating revenue for tech company.
Look in the mirror say I will be honest if I don't know the answer I will go to US department of trade and research.
Then I have another question for you. This is really hypothetical.
Lets say someone comes in and decide to buy ECDC or say any of the businesses and the stock goes to say $5.00 will you still thing the company is bad or that Kay took your money?
Just want to see if you will be honest with your answer. And if that happens will you say it is result of luck or hardwork by ECDC management.
GLTA! ECDC !
Not sure if sabotaging the business is the way to make money on one's investment.
Consider this.....
When ECDC announced it has agreement with Gordon Count School, the people you are now following sent emails to Gordon County and tried to derail the business. What do you think is their real interest, definitely not yours.
If you read ECDC filing before making your investment you will notice several things. They said they will issue shares to raise money.
If ECDC was just taking our money and running can you explain how they build the following web assets:
www,earthsearch.us
www.vir2o.com
www.global.earthsearh.us/gatis/gtis
www.global.earthsearch.us/gatis/caras
www/global.earthsearch.us/gatis/schconnect
www.scaap-ad.com
mobile app in iOS, Android, BB
I am sure you will admit it cost money to do. Can we let it finish building before making money. Cant live in a house that is still under construction can you?
Get your fact before jumping on the bandwagon. Some or at least one of the people leading the abuse was a fired employee of ECDC. Some will admit they don't have any investment in the ECDC, so why else will they be on this board every day trying to sabotage the business.
On this board, we can no longer have the intelligent discussion we used to have about the business now you only have 2 choices. Here to destroy your own investment or here to support it.
Those of us that have money in this company are standing our ground and doing serious business analysis and defending our investment. I have 50k in this company and I am not going to stand by and allow some guy who does not have $1.00 at stake take it down because he was fired by the company. He has never explain to us how he knows so much about whats going on inside the company or what type of car Kay and his wife drives.
GLTA! Go ECDC!
I don't think there was anything fuzzy about my comparison. People can be selective in what they want to hear or see.
Facebook raised 500ml dollars and took 5 years to start generating revenue. Twitter took 740ml 5 years. ECDC has only been here 3.5 years and $20ml under this management. Not sure if you missed that part of my comment.
Anyone with any degree of business research skill will know average tech company takes 5 years and $25ml before deploying product to the market. ECDC falls squarely in that statistics. Cant understand why people think they would invest money in a company in development and they should be making money. Investing in a Development stage company is not for everyone.
Only few people on this board want to have intellectual discussion around the business. Its all about pps and the $500.00 investment they lost.
What I am happy about is that ECDC management is fearless, does not waiver on its plan and remain focus and we are starting to see it pay off with he announcement in the last few weeks
The only dynamic playing out here is this.......
The fear that some may have perpetuated lies on everyone and suddenly may be proven wrong after the company start deploying is causing panic. Being in denial of what is happening in front of you does not make you right. ECDC is starting to make big moves.
What happened today was a classical chess move by ECDC outwitting all those who wanted to sabotage it.
If it gets contracts international they will say agreement is bogus and cannot be verified.
If it gets contract domestically they start sending email to the party in the contract in an attempt to derail it. They did so with Gordon County. Some attempted to sabotage the deal. Some are petrified that ECDC may actually succeed in spite of their wishes.
So ECDC outsmarted them. It did domestic agreements and did not give them detail information that can be used to sabotage it.
Now check this out. The word agreement is not same as contract - even though it says it executed for 5 years. See with this group ECDC cannot do anything right so best thing is to ignore them.
One observation. I happen to believe one of these guys use to work for ECDC and got fired. The attack is personal, bore semblance of an angry person and I can only speculate because someone on this board posted the color and type of cars driven by Kay and his wife. Now, how would anyone know that unless they work with him before and he canned that person. That is why the nature of their anger is personal in nature.
The company is getting smarter and some are getting pissed about it.
2 (5) years agreement "EXECUTED" is a fact.
GLTA! Go ECDC!!!!!
ECDC getting smarter.....
They have come up with a way to put news out without allowing people who want them to fail to be able to contact their customer. I think we will see a lot more news form this point going forward. Why should he allow you to have that information about he school so on of the ECDC haters can contact the transportation managers again in an effort to sabotage the business?. ECDC getting smarter.
The "does not have cash" I thought should have been put to rest by now. Any smart mind will know by now that what we see in the Q at end of the quarter does not reflect the cash in the operation.
Several things are clear that indicates he has access to cash.
1. He has been installing and doing pilots for school districts. Agreements obviously shows that and the CBS news shows that is going on.
2. He completed Vir2o crappy or not
3. He completed the app not just for one but 3 platforms
4. He has developers
%. He has employees all yu have to do is look at the activities on all social media sites
What else do we need to see that he has access to money, ECDC is not going anywhere. My feeling now is that it is ready to Rock!
I think the naysayers are more scared of being proven wrong than anything else.
GLTA! Go ECDC!
Randy, great! But I am not interested in a discussion about Kay. Just setting the record straight. He was not convicted of security fraud or fraud as stated on this board for months. The conviction does not match the indictment records that have been posted for months. We are being fed false information. There is no reason to getting aggressive because your claims are now being undermined by facts.
I did not invest in Kay I invested in ECDC. Yes for a technology company $20ml is chump change. Comparing money they raised with others in the same industry the company actually did not scratch the surface of capital required. I am not particularly happy about people trying to destroy my investment for personal vendetta. Most of the people making negative comments don't have real investment in ECDC, they invest $1000 or less so they don't care to destroy the company for the rest of us.
Quarter after Quarter we hear the story of how there is no money in the bank. Obviously there is money in the operation, even though they zero out at end of each quarter. The only thing that tells me is he is raising money as they move the business along. Considering he is not in silicon valley, it is understandable.
Aggressive responses intended to intimidate people is a defensive strategy for not having business facts.
Small minds discuss people Great minds discuss ideas.
Go ECDC! GLTA!
I honestly believe the company has surprises in stock for all of us. I will make my prediction for 2014 in the next few weeks, I want to see what else they do between now and thanksgiving. I am convinced their development phase is over. After seeing and using the mobile app and the story on CBS Atlanta news on StudentConnect, I am convinced we will start to see serious revenue in 2014. Have you seen all the advertisers on the site. If the app bring in users in the next 90 days ECDC is in big money. I am inviting everyone I know to join and download the app.