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Watch out for the last 10 minutes of trading that's when they show up to bang the stock. Manipulating MM!
There is a defensive line drawn by market makers to hurt this company and those of us that believe in the company mu st put the pressure on them with our buying strength
I agree with you, that's exactly how i would have done it
From my perspective I think ECDC will be putting some serious projects on the board in the 3rd Q, i expect to see .15-.20 cents by end of 3rd Q
I believe ECDC is already working on Cattle rustling project in South Africa
Great post Neuronal, and I grabbed this quote from the article, this is exactly what we have all been saying about ECDC hopefully flaflyerfan can get it "After all, investors and traders tend to look at future projected growth and forward looking events to justify price appreciation". Does this not describe ECDC perfectly and our insistence that it is undervalued?
What I don't understand is this, the company did $129k all of last year, and 1Q $164k, 2nd Q project $200k low end, projects $1.2-$2ml for the year, announced several distribution agreements, demonstrate revenue growth, what is there to bash?
Most R&D companies pile up debt in their first 5 years. Look at US department of commerce statistics, 95% R&D companies fail in the first 5 years, they survived 5 years, the other 5% will survive if they start to generate revenue now they are generating revenue. Those are other fundamentals that the average investor does not consider.
All Sharky, drdroomy and moneyflowmyway and the rest of us are saying is, if we like the stock and the execution of the business plan as we are seeing it unfold today, why allow someone else come in here and kill the stock.
So what? that's what happen when you are a development company, I want you to look at the financial of any development stage technology company it looks the same. Skype is a good example.
Microsoft paid $8bn for a company whose financials was riddled with debt
Unless you are reading something else, it said "contracts" with an "S"
and if what the announcements are correct lets look at the numbers:
1Q 164k
2nd Q lets say low end $220k
3rd Q as they projected $600k
4th Q $800k
My logic is they have claimed that revenue will accelerate in the 3rd and 4th Q. assuming they execute a formal agreement with ZSTN based on the release we should see at least $800k in the 4th Q. I am then arguing that most of their pilots coming in the 3rd Q assuming they are small but numerous and their partner network becomes mature.
Unlike a lot of people that play the stock market who have never run a business before, I have run a business before and know the progression involved when building one. I see patterns I am familiar with here that's why I am bullish in the stock
Just let him be. He is a naysayer and that's fine some people are naturally like that. On the other hand when the company begins to turn all those agreements and and the revenue change he will give us another reason not to believe. With that view you cant change any minds. so give it up
If revenue continue north this 2nd Q $200k or higher then we can all know this is a solid play.
You know what I like everybody on this board even when we disagree because it seems ultimately we all want the same thing for ECDC. I think we should start to see news of revenue again.
Lets assume you are right, from your observation do you think there has been no market for this stock?, because just looking at the buy done by the people on this board alone and following your argument there has been a market for the stock, then one has to assume the MM is manipulating the stock. So you just made our case which you have been resisting all this time. MM Manipulation
From my Street contacts most of the action is coming from NITE and CSTI. Please if you have complained about CSTI to Finra, complain about NITE
Are you saying once the final agreement is signed you will agree that the company's market cap is actually worth $8ml-$10ml? then I don't think you have long to wait because that should happen within 30 days. we will see what you have to say
I see it. OMG, this guy is laying the pipeline for growth
Sharky from his conversation with me, something is already being done, he may not share them with us now. He mention the SEC lawyer reviewing any evidence we have for action. so lets be patient.
I am sure he is working on that as well, cos he told me he would and he is looking to compile evidence. So please send him anything you So far he has done everything he said he would do. We will hear about this soon. Probably want to catch the shorters off guard
Please get us the data as this will be the key data for SEC action. I am ready to go.
It depends on how many people and how complaints are framed
Kay is back. Says anybody that have any question can call him at the office, he is planning on a news release tomorrow to address short selling and will also publish comments on his trip and operation on the web site tomorrow.
Also if you look at the increase in the outstanding mostly went to insiders who cannot sell, Kay and board member Anis Sherali, so once again you are wrong, the least the guys could do is get paid in shares, how is that a big deal, the jump in outstanding was not that big a deal, it was something we should have expected after a merger, the insiders need to take control.
Stop trying to make a mountain out of a mole. You are the only one doing that on the ECDC board personally I think you are shorting the stock. One thing you need to know is there is nothing you bring up we cannot get confirmation from the company, as you have seen in the past, this is not one of those pinky that flim flam stock
I agree they need to increase shares outstanding, however I disagree on the issuing shares angle, if they are we will be seeing 5-10ml volume, this stock do that without news so why would it not do that with news and IR firm on board. I think your assumption is wrong in that respect.
Not if it is done at the most critical time to do the most damage like the EOD trade to take down Sharky's trade
This was the contract that got them out of the GPS business and into the RFID business. It was a 5 year contract to deliver first Navigation devices to West Africa. The deal from my understanding was secured by a LC from a bank in Nigeria backed by Citibank. the LC was pulled when the economy collapse that's when they went downhill. My research showed revenue of $1.1ml in 2008 before economy collapse. Kay is a open guy will give us everything we need.
OTC is a strange place to be listed
Its not just that, the idea that people fail to understand that you don't deliver $10ml in revenue just because you launched a new product, it takes time and it is what we are basing our judgement on, good product, good management, good plan and strategy and you go long because the fundamentals are in play.
for penny players it is all about flipping stock, this stock belongs in the Amex
Are you kidding me? in the OTC whoever has the money to short can determine the stock valuation.
The point is the MM and shorter are active today, they feel threatened, they came o hold us down, naturally you have a determined group of joy killers, its like a suicide bomber how do you prevent him from his goal? Bid the time and place for the battle. Tomorrow will be our day to walk this thing up to where it needs to be
Sharky I have to give you the credit here, you always said it was going to happen
Cos' they have been shorting all year, they are scared to show their hand
Yeap, very smart guy, very strategic, I will not be surprised if he pulled something else to complement this news. He is still in Asia
No doubt, Kayode always said, when the market understand their technology things will take care of themselves and we are seeing that right now.
No, correction, quarterly sales to equal $5ml per year
Its about to get crazy y'all here comes the .10's
"EarthSearch CEO continues his visits to other Southeast Asian countries visiting Malaysia and Singapore in an effort to continue expansion of its product and technology sale into the region"
What I have observed since following this stock is that they are more strategic about everything they do than any penny I have ever traded. every move is calculated.
"We are not ready for either a merger or acquisition at this time as we feel our company has yet to reach its full potential valuation, so this agreement gives us what we feel is appropriate at the moment. Access to the fastest growing market in the world"
Stop the none sense this is the reason short sellers get away with what they do. In April of 2010 the company had only 230k shares in the float and the share traded over 5ml, I guess those extra shares were sitting in your account, right?
People like you will like us to believe the numbers are meaningless, but they are not, they impact the shares. Shorting the shares and covering on margin after hours whether you like it or not is still shorting the stock