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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
if you want me to continue will be glad to prove it to you. there are shorts on ECDC
May 12th short report
otal Trading Volume: 2862460
Daily Short Volume: 827251
Avg. Price of Shorts Today: 0.038
Short %: 28.90
Volume at Offer: 830012
Buy%: 29.000
Volume at Bid: 2032448
Sell%: 71.000
Shares Crossed: 0.000
Cross%: 0.000
Net Buying vs. Selling: -1202436
Price Change: -0.02000
Friction Factor: -601218
May 6th short report
Total Trading Volume: 4828834
Daily Short Volume: 1746712
Avg. Price of Shorts Today: 0.053
Short %: 36.17
Volume at Offer: 2854899
Buy%: 59.120
Volume at Bid: 1973935
Sell%: 40.880
Shares Crossed: 0.000
Cross%: 0.000
Net Buying vs. Selling: 880964
Price Change: 0.02200
Friction Factor: 400438.1818
May 6th short report
Total Trading Volume: 4828834
Daily Short Volume: 1746712
Avg. Price of Shorts Today: 0.053
Short %: 36.17
Volume at Offer: 2854899
Buy%: 59.120
Volume at Bid: 1973935
Sell%: 40.880
Shares Crossed: 0.000
Cross%: 0.000
Net Buying vs. Selling: 880964
Price Change: 0.02200
Friction Factor: 400438.1818
May 5th short report
Total Trading Volume: 867554
Daily Short Volume: 492666
Avg. Price of Shorts Today: 0.030
Short %: 56.79
Volume at Offer: 365053
Buy%: 42.080
Volume at Bid: 502501
Sell%: 57.920
Shares Crossed: 0.000
Cross%: 0.000
Net Buying vs. Selling: -137448
Price Change: 0.00490
Friction Factor: 0
April 21 short report:
Total Trading Volume: 11301102
Daily Short Volume: 6148600
Avg. Price of Shorts Today: 0.023
Short %: 54.41
Volume at Offer: 7391190
Buy%: 65.400
Volume at Bid: 3900246
Sell%: 34.510
Shares Crossed: 9666.000
Cross%: 0.090
Net Buying vs. Selling: 3490944
Price Change: 0.02500
Friction Factor: 1396377.6
That is absolutely wrong, I have seen short report as high as 60% on ECDC trading all you have to do is go to Finra and look back 30 days.
Even if ECDC pays BUYINS how does that negate the fact that there is shorting going on? and that was years ago.
As of June 15 2010 the float was just 230,000 shares right after the merger, but when you look at trading just in the month of June more than 5ml shares traded on a stock with 230k float. Sharky, I am with you on this all the way
As of June 15 2010 the float was just 230,000 shares right after the merger, but when you look at trading just in the month of June more than 5ml shares traded on a stock with 230k float. Sharky, I am with you on this all the way
Gail what rule is that? bring me up to speed been under the weather last couple of days, I see things have sparked up since i left last week
Sharky you are 100% right, its going to be a battle but once the field opens up and MM gets beat up its going to be a race
New people!!!! ECDC CEO leaving for China this weekend to meet with ZSTN, I think the deal is going down
R u kidding me? if he makes no announcement we bash, if he makes announcement he is playing the stock game? Have you considered that it may be the most effective way to provide weekly reports to the shareholders and not necessarily to play the stock market?
However, his objective and how the market really use the information may not be the same.
NP. I have no problem with them raising money if it to fund growth.
OK, you are right, lets look at it this way sometimes you have to borrow your way out of debt. If they are growing they need money to grow, they have to issue shares, how they do it is going to be key, for us to think they will not issue shares to raise money for growth is to be unrealistic. What they must do is create a hell of anti-dilution clause in their agreement when they issue shares.
I don't care, I am long on ECDC and I am going to pick up $2k today whoa!
lol! I hear your frustration. This is crazy, I cannot even believe his comments. We are talking of a pinky with a real business and real technology, putting incredible fundamentals in place and all he talks about is bashing the company. You are right he needs to invest in IBM or some other blue chip.
Look at yesterdays announcement!
Company is building solid fundamental, we should take a long position and wear out the shorts, I am picking up some lows this morning as I ride this baby back up
4 Day rule is for "Definitive Agreement", I have not heard of a definitive agreement has anyone? however I think the company at its election can release a 8k to announce an interest but an interest is not a definitive agreement. My gut feeling say we see a 8k on Monday. They have to think about how to respond to yesterdays drop and the 8k in my view will be the most effective way to do it
Sharky I agree with you absolutely, but let me ask you, how would you suggest they address the issue of debt? the one problem I see is how they manage growth without cash, this can stop them in their tracks, they need inventory and marketing dollars
You did not look into the innovation? what are you investing in? that is the real problem here, people will short a stock because they have no interest in the business itself or in for the long as most of us here are. There is a real business here and a real story.
Even as it is right now when you look at the structure over 80ml shares are in the hands of insiders which represent more than 50%.
Technically only 80 ml in public hands, lets assume they are all FT which they are not, so assume 25% in the float = 20ml for a pinky this is nothing, Guys take a breather.
regarding the debt issue I agree but hey have to resolve it somehow and I don't know any other way but to issue stock so I agree with you. how management do this will be key to judging their skill.
How will you suggest they do it
put your self in his shoes, how many of us call him each time there is action we don't like, when does he have time for the business, after talking to him I understood his position, lets give him a break the problem is on the streets
Maybe! lets not speculate
This does not look like the type of company that hoards news, look at the history. He obviously understand that
poor guy, better him than me
Company picks up 1/3 of its 1Q revenue in a single order and the price take a nose dive, I think we are prepping for a rebound
I guess you are right, i just wanted info on the 8K
I feel exactly the same way. Seeing the news today is sing of revenue trending up
No he did not, he said everyone was calling and asking him to put news out he seemed pretty upset about something
Think about it if I know there is news coming next week or whenever will I not want to pick them up cheaper today to make more money?
I made the mistake of calling CEO today and the guy was on fire. He would not tell when the 8k will come out. "I am not in the business of putting news on the market to play the stock game, my job here is to build the fundamentals of a solid company"
Kind of made me feel good about my investment which i rarely do about pennies
See my last answer, the announcement on the 8k might have been a curse more than a blessing, it allowed everyone to put a game plan in place some of which may be selfish interest
I also thinking some people want to pick up some cheapies before the 8k come out as everyone expect we will get a bump
I keep going back to June 7 2010, the stock took a massive drop from .50c to 6cents, somebody has got to cover. The MM who did that are threatened by the new move on the stock.
Also I get the Short report ECDC is shorted 40-60% daily
What is your point, clearly there are some people here who have not had any knowledge of the history of company I have a feeling they are the ones trying to bring the stock down.
Heard news is coming out today, not sure if its the 8K or revenue but suppose to be big news for the company
Chicagodog you have put your finger on makes me like this company, management is very strategic thinking. Think about it, other than Apple with Steve Job, how many companies do you know that make the type of gutsy call to completely change business, operation and product strategy? Has to be visionary
Report has been filed, spoke to Kay, report was filed late today, delay was due to a board member not available to sign off, should be online in the morning