Flippin
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ALERT ALERT $ZHNE$ BUY BUY BUY ORDER IN AT $4.04....I do not believe ZHNE will fall below 4 before it begins a run....I'm in at the glimpse of a reversal
$ECDC 2's are gone by eod...BET!
$ECDC BoOyAh!!! Damn I'm good. We will see from 3 to 2 pullbacks and probably from 4 to 2 pullbacks.....what you won't see is anymore 1's and what you won't get is any more 2's and 3's as it breaks 5.....the logic behind it people just don't get...the money in the bank is what I've got.
$GPRS$ Outstanding Update...No doubt an excellent investment....I'll consider selling at .03....GRPS is the "real deal"! Lot's more green left here for the wise investor.
$$$ECDC Verizon Sales Force on board!!Student Connect 4 districts in 4 states with 7 more states on board for pilot programs!!!
I then see logiboxx everywhere...so ok....can we find a patent number? If this patent secures the only means of communication between RFID and GPS......I am sad to say this guy will have dangerous power.....and he knows it.....link that WITH CURRENCY AND WE'LL BE ASKING OURSELVES WHAT KIND OF MONSTER DID WE INVEST IN! But we could be rich...then again by that point Motorolla will buy logiboxx or the patent at any cost.....watch the market....is it 3d printing? is it biotech? is it mining? is it stem cell?..... NO DOUBT it is RFID....I hate RFID like I do Bitcoin.....but it's never about the company....it's where the crows flock to and ECDC is heating up quick
I would like to see cash paying debt rather than dilution but bull in mind the exponential growth ECDC is poised to endure and the revenue growth already taking place....also bull in mind what those shares paid for....1.2 million listeners on the hottest radio station in Atlanta....all they have to say is ECDC and this rocks!!!
latest 10-q filing Nov. 19 2013
Plan of Operation
2013 operations represented a significant shift in focus and business restructuring for the Company. We completed the development of 2 new divisions, "StudentConnect" and "WetWinds," and began to commercialize both divisions. The Company is continuing to focus its resources on completing the development of its two newest divisions StudentConnect and WetWinds (Vir2o).
To accomplish our commercial objectives we hired key executives to manage development activities for all divisions of the Company.
Marketing and Business Development
We completed the development of Vir2o and launched the site as planned in Brazil, India, US, Nigeria, Canada and UK representing markets where we will offer commercial content.
We hired SocialRadius to engage in public and media relations campaign for Vir2o.
We began the development of the mobile application for Vir2o and will launch the mobile application on September 1 st 2013.
We opened the Amazon aStore to all users on Vir2o on July 22, 2013.
EarthSearch Communications
In March 2013 we reconstituted our sales team for EarthSearch. We hired a a new Director of Sales and a team of outside sales executives. Due to the rebound in the US economy we have refocused our resources on the expansion of commercial activities in the US and North America.
We are currently engaged in numerous pilot projects with several major organizations, including but not limited to the following partners and customers: Proseguer Uraguay, and Oando Oil in Nigeria. Our business with each of the aforementioned organizations consists of the following:
Proseguer Uruguay:
We executed a 2 year licensing agreement with Prosequer in Uruguay and delivered an initial pilot order of 50 TrailerSeals. Proseguer is currently working on a project with the Uruguay Customs Authority for the tracking of Cargo transported between Uruguay and neighboring countries. Our TrailerSeals will be installed on all containers traveling between Uruguay and neighboring countries. We have developed and localized a version of our GATIS software in Uruguay for the intended deployment of a full operation in 2014.
Oando Oil in Nigeria
We completed our pilot project for Oando Oil in Nigeria and delivered 400 units of oil tanker monitoring devices for the project and are implementing several pilot projects for our Regional Master Licensee for West Africa (Halogen Security), these pilot projects include Lagos State Government Waste Management and an oil pipeline monitoring project for the Nigerian National Petroleum commission through our partner Halogen Security.
StudentConnect
The Company has commercially launched StudentConnect, our school transportation and safety division. We executed 5-year contracts with school Districts in South Carolina, Kentucky, Louisiana, and Arkansas. We intend to have all 4 school districts fully installed and implemented for the school year beginning January 2014. In addition, we are continuing pilot testing and discussions with school districts in GA, SC, KY, AR, AL, NC and LA. We anticipate additional agreements executed by year end for further deployment in 2014.
We executed 2 agreements with Verizon Wireless, The Verizon Partner Program and the Verizon Master Services Agreements (MSA). The MSA agreement gives us access to the Verizon network and grants Verizon wireless exclusive right to provide network services to all schools utilizing StudentConnect. Under the Verizon Partner Program, Verizon and StudentConnect shall engage in joint sales and marketing of the StudentConnect product to school districts across the country. Verizon's sales force shall market StudentConnect to school districts nationwide.
We anticipate having access to the Verizon sales force which will allow us to reach greater audience for the continued and accelerated growth of the StudentConnect division of our business. To meet the potential demand we have expanded our technical and customer service operation and plan to increase our warehousing capabilities.
WetWinds dba "Vir2o"
WetWinds is a technology company that provides interactive social media experiences for users across the globe through its online platform Vir2o. We launched the beta version of Vir2o on April 5, 2013. We filed provisional patent application with the US Trade Mark office in April of 2013 and expect to complete a full non provisional application by January 2014.
We launched the full version of Vir2o on July 1, 2013. The platform will offer an online movie service, music service "VMaestro", a ecommerce platform "MarketPlace" , Gaming platform, Web Radio, Live event broadcast, a World Headline news feature and our proprietary "nVite" technology. The social media product was designed to improve social engagement on the internet.
On August 1, 2013, we executed an agreement with Ad Media to provide advertisement content to Vir2o.
We offer commercial content and advertisement platform in 4 additional markets outside the US. We implemented advertisement capability on the platform and currently display advertisement on the platform in 40 countries.
In September 2013 we hired several independent consultants in Nigeria and Brazil to help facilitate the growth of the platform in both markets with the recruitment of users and content providers,
Our user recruitment strategy includes the engagement of a public relations firm to target and introduce our proprietary nVite technology to the public. We are consistently promoting the platform on social media, engaging potential users with games and contest in all markets where we are actively promoting the site, and hope to engage online bloggers and celebrities to endorse the platform.
On October 18, 2013, we launched the mobile app for Vir2o on iOS, Android and Blackberry platforms making it available to all users with smart phones. In addition we launched the app in html for users that do not have smartphones.
On October 20, 2013, we entered into an agreement with AdMob, the mobile ad division of Google, to provide advertisement on the mobile apps. We anticipate that these advertisements will be deployed by the end of 2013.
We intend to accelerate and increase our promotion and marketing efforts to grow the site as we move into 2014. Our goal is to have the site actively growing with users, content and revenue.
We filed a trademark application with the USPTO for our brand and logo Vir2o and the "V" brand as a social plug in and widget.
Rogue Paper
We do not have a management role in Rogue Paper or its operation. During the fourth quarter of 2012, the management of Rogue Paper effectively shut-down operations, denied the Company access to financial records, refused to participate in shareholder or management meetings and all members of Rogue Paper management resigned on January 25, 2013. No legal action has been taken by either Rogue Paper or the Company.
Results of Operations
For the Three Months Ended September 30, 2013 and 2012
Revenues
For the three months ended September 30, 2013, our revenue was $106,949 compared to $66,314 for the same period in 2012, representing an increase of 61%. This decrease is attributed to increase in orders of our EarthSearch products, while we continue our focus on completing development of the StudentConnect and WetWinds divisions.
Revenues are generated from three separate but related offerings, RFID/GPS product sales, consulting services, and user fees for GATIS - our advanced web based asset management platform. We generated revenues from product sales of $101,563 and $52,721 for the three months ended September 30, 2013 and 2012, respectively. Revenues for consulting services were $-0- and $-0- for the three months ended September 30, 2013 and 2012. User fees were $5,386 and $13,593 for the three months ended September 30, 2013 and 2012, respectively.
Operating Expenses
For the three months ended September 30, 2013, operating expenses were $530,632 compared to $1,007,834 for the same period in 2012, a decrease of 47%.
Cost of revenues increased $25,634 and is directly attributable to the increase in revenues for the three months ended September 30, 2013.
For the three months ended September 30, 2013, selling, general and administrative expenses were $453,896 compared to $956,732 for the same period in 2012, a decrease of 53%. This decrease was primarily caused by professional fees related to public company compliance and investor relations decreased by $131,500; bad debt expenses decreased by $125,002; royalties owed on a license agreement decreased by $1,024; and salary expenses of $243,203.
Net Loss
We generated net losses of $384,802 for the three months ended September 30, 2013 compared to $974,993 for the same period in 2012, a decrease of 61%. Included in the net loss for the three months ended September 30, 2013 was interest expense of $125,578 (of which $101,476 represents accretion of embedded beneficial conversion features on notes payable); offset by the change in derivative liability of $160,000 and non-controlling interests' share of the net loss of EarthSearch of $4,459. Included in the net loss for the three months ended September 30, 2012 was interest expense of $134,083 (of which $138,230 represents accretion of embedded beneficial conversion features on notes payable); offset by other income of $57,003, change in derivative liability of $8,518, net loss from disputed subsidiary of $12,047 and non-controlling interests' share of the net loss of EarthSearch of $47,136.
For the Nine Months ended September 30, 2013 and 2012
Revenues
For the nine months ended September 30, 2013, our revenue was $169,168 compared to $710,718 for the same period in 2012, representing a decrease of 76%. This decrease is attributed to our focus on completing development of the StudentConnect and WetWinds divisions.
Revenues are generated from three separate but related offerings, RFID/GPS product sales, consulting services, and user fees for GATIS - our advanced web based asset management platform. We generated revenues from product sales of $155,385 and $514,397 for the nine months ended September 30, 2013 and 2012, respectively. Revenues for consulting services were $-0- for the nine months ended September 30, 2013, compared to $151,920 for the nine months ended September 30, 2012. User fees were $13,783 and $44,401 for the nine months ended September 30, 2013 and 2012, respectively.
Operating Expenses
For the nine months ended September 30, 2013, operating expenses were $1,639,374 compared to $2,911,471 for the same period in 2012, a decrease of 44%.
Cost of revenues decreased $264,905 and is directly attributable to the decrease in revenues for the nine months ended September 30, 2013.
For the nine months ended September 30, 2013, selling, general and administrative expenses were $1,522,806 compared to $2,529,998 for the same period in 2012, a decrease of 40%. This decrease was primarily caused by professional fees related to public company compliance and investor relations decreased by $529,538; bad debt expenses decreased by $309,517, royalties owed on a license agreement decreased by $39,563; travel expense decreased by $8,413; and amortization of intangible assets and prepaid license fees decreased by $9,273; offset by an increase in salary expenses of $37,000 and consulting expenses of $51,470.
Net Loss
We generated net losses of $1,758,516 for the nine months ended September 30, 2013 compared to $3,221,480 for the same period in 2012, a decrease of 45%. Included in the net loss for the nine months ended September 30, 2013 was interest expense of $460,295 (of which $400,424 represents accretion of embedded beneficial conversion features on notes payable); offset by change in derivative liability of $154,277and non-controlling interests' share of the net loss of EarthSearch of $17,708. Included in the net loss for the nine months ended September 30, 2012 was interest expense of $635,280 (of which $604,841 represents accretion of embedded beneficial conversion features on notes payable), a loss on conversion of debt of $575,263, change in derivative liability of $2,291; offset by other income of $58,387, gain on settlement of debt of $141,141, net loss from disputed subsidiary of $41,167 and non-controlling interests' share of the net loss of EarthSearch of $33,746.
Liquidity and Capital Resources
Overview
For the nine months ended September 30, 2013 and 2012, we funded our operations through financing activities consisting of private placements of equity securities with outside investors and loans from related and unrelated parties. Our principal use of funds during the nine months ended September 30, 2013 and 2012 has been for working capital and general corporate expenses.
Liquidity and Capital Resources during the nine months ended September 30, 2013 compared to the nine months ended March 30, 2012
As of September 30, 2013, we had cash of $368 and a working capital deficit of $3,573,986. The Company generated a negative cash flow from operations of $669,789 for the nine months ended September 30, 2013, as compared to cash used in operations of $1,242,037 for the nine months ended September 30, 2012. The negative cash flow from operating activities for the nine months ended September 30, 2013 is primarily attributable to the Company's net loss from operations of $1,758,516, offset by noncash depreciation and amortization of $3,166, issuance of loan payable for consulting services of $78,922, stock issued for services of $12,900, amortization of prepaid license fees of $37,500, accretion of beneficial conversion features on convertible notes payable of $400,424, accrued interest on loans payable of $56,626, changes in operating assets and liabilities of $671,174, and increased by change in derivative liability of $154,277 and noncontrolling interests in the loss of EarthSearch of $17,708.
The negative cash flow from operating activities for the nine months ended September 30, 2012 is primarily attributable to the Company's net loss from operations of $3,221,480, offset by noncash depreciation and amortization of $24,046, provision for doubtful accounts of $311,671, amortization of intangible assets of disputed subsidiary of $114,750, issuance of loan payable for consulting services of $60,000, stock issued for services and compensation of $425,205, amortization of prepaid license fees of $37,500, amortization of payment redemption premiums of $12,076, loss on conversion of debt of $575,263, change in derivative liability of $2,291, accretion of beneficial conversion features on convertible notes payable of $604,841, accretion of stock discounts on convertible notes payable of $2,160, accrued interest on loans payable of $47,224, liabilities of disputed subsidiary of $11,116, changes in operating assets and liabilities of $101,986 and increased by gain on recovery of redemption premiums of $28,975, gain on settlement of loans payable of $38,646, gain on settlement of accounts payable of $102,495, assets of disputed subsidiary of $ 107,271 and noncontrolling interests in the losses of EarthSearch of $73,299.
No cash was used in investing activities for the nine months ended September 30, 2013 while $700 was used for capital expenditures for the nine months ended September 30, 2012.
Cash generated from our financing activities was $670,157 for the nine months ended September 30, 2013, compared to $1,192,878 during the comparable period in 2012. This decrease was primarily attributed to the proceeds from the issuance of preferred stock subscriptions of $91,500 in 2013 compared to $325,002 in 2012, proceeds from the issuance of common stock subscriptions of $14,000 in 2013, proceeds from loans payable of $302,500 in 2013 compared to $676,076 in 2012, proceeds from loans payable - related parties of $65,157 in 2013 compared to $56,500 in 2012, repurchase of common stock of $5,000 in 2013, proceeds from the issuance of common stock of $20,000 in 2013 compared to $1,000 in 2012, proceeds from the issuance of preferred stock of $184,000 in 2013 compared to $151,900 in 2012, the repayment of loans payable of $2,000 in 2013 compared to $12,600 in 2012, and the repayment of loans payable - related party of $5,000 in 2012.
We will require additional financing during the current fiscal year. During the period from October 1, 2013 to October 31, 2013, we received proceeds of $23,500 from the issuance of convertible promissory notes and loans and $12,500 from the sale of preferred stock.
On April 20, 2012, the Company entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") with Ironridge Technology Co., a division of Ironridge Global IV, Ltd. ("Ironridge"), providing for the issuance and sale by the Company to the Ironridge of an aggregate of 1,500 shares of the Company's Series B Preferred Stock (the "Preferred Shares") in fifteen (15) equal tranches of 100 Preferred Shares each, at a price of $1,000 per Preferred Share. Pursuant to the Certificate of Designation to create the Series B Preferred Shares, each Preferred Share may be converted at any time at the option of Ironridge into shares of the Company's common stock, par value $0.001 at a conversion price of $.01 per share, subject to certain adjustments. During the year ended December 31, 2012, the Company received $100,000 for the first tranche of 100 shares and $229,000 of the subscription receivable. During the nine months ended September 30, 2013, the Company received $42,500 of the subscription receivable.
In connection with the Closing, on April 20, 2012 the Company entered into a Registration Rights Agreement with Ironridge, pursuant to which the Company will file a registration statement related to the Stock Purchase Agreement with the Securities and Exchange Commission covering the resale of the Common Stock that will be issued to Ironridge upon conversion of the Preferred Shares.
On April 20, 2012, the Company issued 99,400 shares of the Company's common stock to Ironridge in reliance on the private placement exemption from the registration requirements of the Securities Act of 1933, as amended, provided by
Going Concern
Due to the uncertainty of our ability to meet our current operating and capital expenses, our independent auditors included an explanatory paragraph in their report on the consolidated financial statements for the year ended December 31, 2012 regarding concerns about our ability to continue as a going concern. Our consolidated financial statements contain additional note disclosures describing the circumstances that lead to this conclusion by our independent auditors.
Our unaudited consolidated financial statements have been prepared on a going concern basis, which assumes the realization of assets and settlement of liabilities in the normal course of business. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they become due. The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that we will be able to continue as a going concern. Our unaudited consolidated financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should we be unable to continue as a going concern.
There is no assurance that our operations will be profitable. Our continued existence and plans for future growth depend on our ability to obtain the additional capital necessary to operate either through the generation of revenue or the issuance of additional debt or equity.
Off-Balance Sheet Arrangements
We currently have no off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
Critical Accounting Policies
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make a number of estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Such estimates and assumptions affect the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions and conditions. We continue to monitor significant estimates made during the preparation of our financial statements. On an ongoing basis, we evaluate estimates and assumptions based upon historical experience and various other factors and circumstances. We believe our estimates and assumptions are reasonable in the circumstances; however, actual results may differ from these estimates under different future conditions.
See Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" and Note 2, "Summary of Significant Accounting Policies" in our audited consolidated financial statements for the year ended December 31, 2012, included in our Annual Report on Form 10-K as filed on April 16, 2013, for a discussion of our critical accounting policies and estimates.
Nov 19, 2013
Answer to where is the cash:
-Student Connect in 4 districts in 4 states with pilot programs in 7 more
-A 2 year license agreement with Uruguay customs to begin tracking all cargo entering and exiting the country using GATIS software.
-Obtainment of Regional Masters License to monitor oil tankers in Africa
-61% percent increase in revenues
-47% decrease in operating expenses
-53% administrative cost deduction
-61% decrease in net loss
......................................................................What this shows is a balls out CEO who sacrificed rougue to kickstart 3 other platforms with tremendous opportunity.................the cash is being made it just can't be banked......this is why we are seeing dilution right here right now.....debts are being paid......revenues are increasing......word is getting out........costs are being cut.......exponential growth will be raking in the cash........BUT WHEN THAT HAPPENS THE CAP WON'T BE 800,000 AND TRADING AT .0003 ...IT WILL BE 30 MILLION AND TRADING AT .01 !
6BEERS1DOOB
my record...in at ....elay.0004 qasp.0002 mdnt.0084 aegy.0004 grps.0004 gers.0004 ...yeah I LOVE THIS ISH !!!!lmao I gotta admit I often sold too early though especially aegy....now I know better....ECDC will rise
ECDC runnin hard not scared!!! MM's movin up
Now...see if it goes back to .0001 at all.....nope!
The dumping is the chance to get in....these are creditors paid in shares....yes dilution....but when these shares are gone the run begins....and with great momentum......bet!
3's coming up!!!!!!
ECDC RFID/GPS communication patent = $$$BILLIONS$$$
$ECDC is going to run.....bet! Once the dilution dries up the walls will come down.....I sell at .0014
lmao congratulations somebody!!!
Beware: My DD @3months ago indicated ripoff....diluted shares to pay wages to 3 employees while product has been discontinued/or at least is not on store shelf = big difference......looks like a pure chart play....I know some pumpers were behind this
$ECDC shares being dumped are creditors cashing in....when the shares are gone ECDC will have enormous momentum
No Worries. I'm a skeptic. I also do well at predicting triple zeros. The RFID/GPS link is a technology we should abolish considering it's ability to massively infringe on privacy....soon...every move we make....every good bought or sold....will be using this technology....when they link it to currency.....no man may buy sell nor save....catch my drift?...dude looks like he could ride a black horse to me
In on the trips...did this one right! Nice chart way to keep it alive Bullie buds...I'd like to see an 8-k a week for allowance
I dropped on the 2's this is going to run soon....when is the last time someone closed on the ones? It's going to jump when the dumps done 1..2...3...4..5..6..7.8.9.
Lot's of dumping going on
Q: What's saying when the cashing in stops there wont be a R/S and an increase in A/S?.....Anybody in on the ones recently?
2014 q1 release = Highest pps HD may EVER see = sell sell sell I'm not bashing HD they're a great company but the time to get in was when they were outing HQ and Builders Edge......Menards is the upcoming rising star.....BET! q1 reflects "seasonal" revenues which are the bread and butter of HD's fiscal revenues and should do quite well this spring
Another thought...2244 stores already....where to expand?.....HD everywhere...they're topped out the 1 year chart reflects it.....sure they'll fluctuate with the seasons and economy but the all important growth just doesn't exist....add in upcoming competition and whoaa.....Menards on the other hand......is an IPO to look out for! My prediction: HD will see they're highest share price ever when 2014 Q1 is released....BET?
HD is making a crucial mistake...they are cutting too many "middle class" employees to replace with lower wage employees resulting in a higher cost of revenue as these higher skilled employees are turned over. Lowes rid management during restructuring but increased efficiency saving money...HD is cutting wages causing skilled workers who drive the "excellent customer service" out the door. Wrong move HD. I can imagine UNION is a very scary word for HD. HD is biased towards the very people who helped lift them to fame. Definitely "good ol' boy" management tactics.
Most beautiful 16 perfect q's. This is what a security is supposed to look like. "I heard" Dollar General B/V (?) is $200,000 psf..... phenomenal....nice business model to replicate....outstanding management.
GOGC is vacant....at least 2820 Remington is
Count listen...........................ssshhhhhh.......hear that...............no hype..............pps is falling......don't create Deadwood........message me any recent updates if you would......Thanks
Anybody following GOGC? 2 employees? Plans to plan a factory? 2820 Remington up for lease? Latest filings show immense risk........33M market cap? Share structure? 3B a/s? Latest stage????????????? What happened to the test to determine if Merck was interested?....No volume and holding.....? Nice website! Makes think they're worth a billion bucks
large orders should move to the 20's
back to .25 or better now
well that was fun
Green morning...let's get it on!!!
Discipline resists self destruction leaving $2800 on the table.....that's for you guys.....buy me a beer. Could go higher....much higher....play it as it is.
Let's see.....25k @ 50
5k @ 49
5k @ 47
5k @ 46 didn't hit my tank at 30
40k @ 55
= $2224.26.....nice.......coldbeerpaid
A 2% discrepancy creating a 60% drop = BUY BUY BUY
GGS is going to run! Back to $1.50 plus when the smoke clears look for bulls to take over and shorts to cover tomorrow. News provides the opportunity for market makers to accumulate before the inevitable rise.
IMO ECOB should run on the Jacuzzi news looks like their optimizing multi streams of revenue....Jacuzzi is a big dog....funny their sold at Lowes...even better....see a plan? What is next roofing supplies at Menards! I'm looking forward to that IPO