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Why I respect FFF and his views even.... when I Disagree
Let me assure you I completely disagree with his conclusions, but he remains a consummate professional unlike some whose only interest is to denigrate. I disagree with him because his analysis can only be relevant if the business was in commercial phase. ECDC is just coming out of development. Average tech company need 5 years to deploy commercially. ECDC under its present management is only 3.5 years old. That said, unlike some.
Portrait of a professional
1. He has never insulted, abuse or attack Kay personally. Respect
2. In spite of his criticism of the company he has challenged some on this to show what law Kay has violated to warrant some of the comments here. Such as SEC action, lawsuits etc.
3. He has never posted half story, pass off half or fake research to support his arguments. Such as the post made here that "Kay bankrupted 3 businesses which has never been proven, and looks to be false" or the "Security Fraud Conviction" which is now debunked as I have now uncovered all the facts.
4. He was the only basher on this board that acknowledge that ECDC did one thing right when he saw the mobile app story. - Respect
However I will win the argument as I believe business always trounce stock argument. All you have to do is look at Apple and Steve Jobs, fired for focusing more on foundational development than stock appreciation. Business argument always win.
Like I posted earlier the Genius in Kay will make true believers a lot of money. Facebook and Twitter did not make any significant revenue until after they raised over $500ml each. If FFF was analyzing Facebook and Twitter in their development stages he will say they are dead businesses. Kay has only raised $20ml and 2 of the divisions looks to be very promising money makers.
As for your posts and those who follow it. GLTA!
Kayode Aladesuyi is a genius in the making
All you have to do is look at the numbers in this news article. Compared to what he has built for the lousy $20ml he has raised I am impressed. Granted he only raised toxic money, but he is in Atlanta not silicon Valley. The share value will adjust in time if we allow it to get going.
"But for the sake of putting the monstrous amount of money into perspective, here are a few figures to chew on: Facebook, which received its first investment in June 2004, operated for a full six years before surpassing the $500 million mark in June 2010. Twitter, created in 2006, managed to get by with only $360.17 million in total funding until a $400 million boost in 2011. Instagram ginned up just $57.5 million in funding before Facebook bought it for (a staggering) $1 billion last year. And LinkedIn and Spotify, meanwhile, have only raised, respectively, $200 million and $288 million."
ECDC does not have $20ml in debt, ECDC has raised and invested $20ml and has less than $4ml in debt. That's what it is in a nutshell, it can be spinned anyway we want, but those are the facts and numbers.
If he succeed it will be biggest return on investment people have ever see in the technology space in a long time. All of these businesses took 5 years or more with a lot more money to accomplish their goals. Kay has been running ECDC for just 3.5 years (developing 3 divisions, 2 of which are looking very promising right now). Talk about serious research, there you have it. It also explain why some people keep giving him money. Q's and K's show not all money raised is toxic there are private investors putting money in.
Facebook raised $500mlbefore it started making money, Twitter raised $740ml before making money both more than 5 years of development before generating any revenue of significance. We want to hang this guy to a pole only after 3.5 years and a lousy $20ml. Which in technology space is a drop in the bucket. Something I have stated many times on this board. Avg tech company need 5 years to get going.
Only time will tell. To see full article go to: http://www.digitaltrends.com/opinion/obamacare-healthcare-gov-website-cost/
GLTA! I am sticking with this one
Go ECDC!
Proof: Kay was never convicted of Fraud[b]
Yes, Kay provided me with some of the facts (other people on this board also got the same info, he will send it to you if you ask) and I did my own DD. Everything you posted here were charges that were dropped for lack of evidence. Please post a matching record of conviction with your posted record of indictment and show us all, your evidence of fraud conviction. It does not exist.
Like I said before he cannot be granted US citizenship if convicted of fraud.
Kay was charged with “Receiving Fraudulently Acquired security” (money) the man has never been charged with security fraud as everyone has been posting on this board. The information below is even more interesting.
Its a long record, as the Judge broke down the entire case, so I am only posting Judge's Decision only:
Unites States Immigration Judge
Hon. Charles M. Honeyman
Philadelphia
Decision:
“Clearly the goods were stolen”. (Exhibit 2, Judgment: FBI Criminal Information). However nothing in the record outlines any fraudulent action by the Respondent (Kay). Although the securities were clearly obtained through fraud, there is no indication Respondent (Kay) played any role in obtaining the securities, or that he even knew they had been procured through fraud. (Exhibit 2, Presentence Investigation Report). Further, Respondent did not plead guilty as a conspirator or as aider and abetter or an accessory to those convicted of the initial fraud. Therefore as a matter of law, the act of the other defendants cannot be attributed to Respondent (Kay). In the guilty plea Respondent stated only that he received and possessed the securities. This alone does not unequivocally establish …that his act involve an element of fraud. Respondent will be removable for aggravated felony only if the Government could show Respondent was actively involved in fraudulently obtaining the securities and there is no such evidence in the record”
Conclusion:
“Accordingly Respondents motion to terminate shall be granted and these proceeding shall be dismissed”
Cut the personal vendetta, this man must have suffered terribly to go through this experience. This Judge was indicting the criminal court for convicting an innocent man. It was after 911, everyone hated foreigners. One lawyer told me what they did to this guy must have been so bad, he has never seen one area court system chastise another area of the court in his 35 years of legal practice. Notice the Judge made reference to all investigation reports used by the criminal court. By the way Kay took a plea was not convicted. Right after 911 as a foreigner only a foolish person will not take a plea. I would the same
Give the fraud claim a rest! Stop the personal vendetta let’s talk business and stock.
Go ECDC!
The perspective on the company is amazing to read and watch. I have never met anyone with such passion. However for those of us who choose to keep an objective observation, we see life coming back into the company.These are my perspective.
1. They launched their mobile app for Vir2o,(3 platforms)impressive
2. We saw an impressive CBS Atlanta News broadcast on StudentConnect
3. PPS has started to move back up and bid is back
4. All speculation that it was going to go bankrupt are receding fast.
5. All claims that it has no cash to operate continues to fall apart as we see milestones after milestones achieved. They must have cash
The bears are running for cover.
I even read a guy online who has always said the technologies of ECDC are not real and fake deny ever saying so yesterday when the CBS Atlanta news was aired, it was funny to see. Next several weeks and months may yield similar denials as the company starts to unfold its product and tell its stories as Kay promised will happen this year.
Sometimes it is not about the last 1000 post but what you believe is going with the company. Some people think it is a scam other think its a company in development.
The question I always have is this. A scam means someone is tricking people and stealing their money. What interests me is how the logic is twisted around.
If this guy is scamming he will be the worst scammer ever. Why? we can see right in front of us what he is doing with the money. Call him a bad business decision maker, terrible CEO and all that stuff but scamming is not one of them. why?
If he is scamming how is he building all these businesses?
www.vir2o.com (call it what you want it took money to build it)
www.earthsearch.us
www.studentconnect.us
global.earthsearch.us/gatis/caras
global.earthsearch.us/gatis/GTIS
www.scaap-ad.com
global.earthsearch.us/schconnect
Vir2o Apps in iOS, Android and BB.
I know it cost a boat load of money to build all these web assets and businesses. Where is the scamming?
In the middle of all the predictions of bankruptcy, no cash, company going broke, we saw the launching of mobile apps, learn that Gordon County is actually testing StudentConnect, who knows what else is there. Suddenly the stock is heading back north. If what he has said comes true that they are out of development stage, a lot of people may find egg all over their faces.
Just my opinion
If you see my last post, you will see my question to those saying the company is a scam. I think this company is about to shock all of us. It has been in development for some time now we are seeing that it is actually launching commercial operation. Vir2o has so many advertisers on it it is not funny. 100,000 users and it will become a cash machine. StudentConnect surprised me last week with the show on CBS News Atlanta showcasing the company, that was huge.
I am putting my bet on this one.
Sometimes it is not about the last 1000 post but what you believe is going with the company. Some people think it is a scam other think its a company in development.
The question I always have is this. A scam means someone is tricking people and stealing their money. What interests me is how the logic is twisted around.
If this guy is scamming he will be the worst scammer ever. Why? we can see right in front of us what he is doing with the money. Call him a bad business decision maker, terrible CEO and all that stuff but scamming is not one of them. why?
If he is scamming how is he building all these businesses?
www.vir2o.com (call it what you want it took money to build it)
www.earthsearch.us
www.studentconnect.us
global.earthsearch.us/gatis/caras
global.earthsearch.us/gatis/GTIS
www.scaap-ad.com
global.earthsearch.us/schconnect
Vir2o Apps in iOS, Android and BB.
I know it cost a boat load of money to build all these web assets and buinesses. Where is the scamming?
In the middle of all the predictions of bankruptcy, no cash, company going broke, we saw the launching of mobile apps, learn that Gordon County is actually testing StudentConnect, who knows what else is there. Suddenly the stock is heading back north. If what he has said comes true that they are out of development stage, a lot of people may find egg all over their faces.
Just my opinion
EarthSearch is SAP certified.
http://www12.sap.com/partners/directories/SoftwareISVPartnerDetails.epx?context=21B87D61C0F646A22B2A6DB254A010CA8C9C141B7529F029910FE6FF9EEEC5A701BF20EED61AC07159D98BAA068EBE1B8C5C7665EA2226374E942CF1D2A49D202711A97F135182CC|4570AF86649415E2ABE20AC207C1C2BF
You all can talk trash all day long. This company is as real as apple pie. By the way the campaign has not started yet from what I was told when I called. A developer left the page on by mistake.
You all can keep calling him a crook and thief all you want. I think he is going to put egg on all your faces.
Brandon like I said in my last post when it launches and deliver on all promises, people will look for a new reason to raise question I already hear it.
Somewhere along the line you may have missed something called the "Cloud" which allow you to scale server usage based on demand then one day when you become a FB size company you can go build your own. And if you do it right you are making money from day one and not waiting to have 1 50million users before you become profitable.
If I remember correctly one of the reason Kay said they pulled back launch date was monetization strategy. uuuhmmmmm! I wonder maybe it will make money form day one.
A few days ago I saw a guy post that he works in a warehouse and it explains to me why few can understand what ECDC is doing. They don't have a clue.
I will suggest you get his o.k, before you publish any content of your conversation with him. there a lot of people who are more concerned about harming him and business to make fee right than follow the business trend
No It is Not Competition
People can you please get with the program. ECDC still has that edge that nobody on this board seem to understand. Let me educate everyone.
Today you can buy an RFID device with GPS modem on it. HandHeld Readers like ECDC's or TrailerSeal like ECDC It simply gives you information of where the RFID tag is being utilized. There are RFID seals and locks like ECDC "TrailerSeal" that has both GPS and RFID on the same device. Don't be fooled by all the server this and server that you are reading form IBM, it is nothing but a smaller version of ECDC GATIS software.
the solution is incapable of giving you real time information without employee interaction. ECDC can do that.
Now to talk about the proprietary nature of ECDC solution that everyone has failed to understand.
When you have RFID separate from GPS you have an incredible solution. the device that IBM is talking about cannot be installed on a vehicle it is strictly a warehouse or mobile application. DHL and FedEx have been using this for years.
When a GPS device installed on a truck can communicate with an RFID reader without wires no connection no joint installation. That's the power of ECDC solution. That's what nobody has been able to do, IBM, Motorola, Qualcomm etc, do you think SAP which dominates global oil and Gas is partnering with ECDC for a joke? that's why it made sense to me when Kay said they pulled the patent application, that's why none of these big boys have been able to do it.
The only thing I hope is that ECDC begin to invest money in promoting the solution. Once they do that its over.
People spend time on the EarthSearch solutions pages. I have spent hours trying to understand this company and its claim to Business Secret and I finally get it. now i understand StudentConnect
If it is true that the company will engage in a Buyback once it is generating revenue and not do a R/S Devil96, your point about pps at this stage is moot. It clearly demonstrates that the company is growing using the shares for capital and will be buying back the shares when it no longer need to issue shares for cash.
This will cause the pps to surge to nth degree. I am in this for a very long ride. everything that is coming out now tell me we are in for a hell of a bull ride in 2013. I hope you got several millions hares stacked up.
People put the R/s rumors to rest. It is dead!
Devil96, "On he surface it does appear ECDC is growing" is that the first sign of you throwing in the white flag?
Share Buyback, does anyone have any idea what may happen to the pps if ECDC should do a buy back of stock next year. It seem that's what Kay is planning to do instead of R/S to help pps. I like the idea. If they start making money this may be the strategy that take us "long" where we want this stock to be. Does anyone have any idea how buyback usually work?
I WILL JUST LIKE YOU DEFINE DILUTION TO ME. BECAUSE DILUTION TO ME MEANS INCREASING SHARES WITHOUT CORRESPONDING INCREASE IN ASSET OR REVENUE.
FOR THE LAST 2 QUARTERS BOTH REVENUE AND BALANCE SHEET HAS GROWN SUBSTANTIALLY WITHOUT EVEN CONSIDERING THE BUSINESSES THAT ARE EVOLVING.
SO WHAT DILUTION ARE YOU TALKING ABOUT. WE ARE NOW LEARNING THAT FB HAS BILLIONS OF SHARES IT ISSUED OT RAISE MONEY TO DEVELOP ITS APPLICATION. IT DID ISSUE THOSE SHARES AS A PRIVATE COMPANY. IF IT WAS PUBLIC EVERYTHING THAT PEOPLE ARE SAYING ABOUT KAY RIGHT NOW IS WHAT THEY WILL BE SAYING ABOUT MARK.
ALL COMPANIES ISSUE SHARES TO FUND GROWTH AND ECDC SHOULD NOT BE HANDICAPPED, IT SHOULD ISSUE AS MUCH SHARES AS NEEDED TO COMPLETE THE DEVELOP OF IT BUSINESS. I HOPE KAY IS NOT EVEN PAYING ATTENTION TO DAY TRADERS WHO HAS NO CLUE ABOUT BUSINESS DEVELOPMENT,
Will ECDC do a Buy Back?
I know why you are still here even though you got out. You are scared what if this thing just go crazy suddenly and head past .02. will you have lost. I know the feeling. Most here are going through the same even as they say they hate the stock and say nasty thing about Kay. In the back of their mind they cant help thinking, what if the Social media business is real? what if studentconnect takes off, what if the SAP thing turns out to be true.
What if it becomes the next Facebook. Yeah, the fear is real. Smart people just buy more shares.
Here an excerpt "food for thought" email from Kay yesterday:
"We are significantly underestimated and it is an advantage to be underestimated, smart money will be acquiring shares today. Who say when revenue rolls in we cant go to the SEC and file to buy back our shares and drive PPS. Everyone talks about Reverse, that is an option for businesses with no growth. Buy back is an option for business with potential exponential growth."
"The first step any serious company in our situation will do once its operation is fully running to reverse the trend will be to hire a major research firm to analyze the business and write a research report to guide the market on true valuation and PPS for the business. Then consider other strategies to reduce number of shares outstanding without R/S. Right now we need the shares to build the business. some call it dilution, I say we are investing in the future. But make no mistake about it, we are not asleep.
If you read the financial carefully, you will notice operation losses are dropping and EarthSearch and Rogue Paper are getting closer to profitability each quarter. Most of the losses are non operational off book losses, from discounted shares write offs etc. these are cost of building the business. Imagine this, a 4 division technology company with only $3.2ml in debt?
Do you know how quickly after all operations are running; we can begin to pay dividends?. We have run a very tight almost debt free operation (using equity). I need shareholders to understand what I am doing, we will be a solid organization and debt free at the end of 2013.
I am sure most people did not know FB has all those billions of shares because it was private and it issued them to raise money. It did not make money in the first 7-10 years. Relax my friend there is a focus and strategy being executed here"
GLTA
ECDC Plan of Operation - 2-4 Years ECDC may be a billion dollar company. I think this company is only just getting started
For the next 12 months, ECDC’s overall operation plan will be to expand its overall marketing and sales efforts of its proprietary technologies in all four subsidiaries which include EarthSearch, StudentConnect, Roque Paper and WetWinds.
Marketing and Business Development
ECDC recently hired a Director of Marketing and Business Development responsible for orchestrating marketing and sales support and managing market research, advertising and sales support to sales teams within each corporate subsidiary.
The Marketing and Business Development division will help manage communications outreach and will outsource marketing and public relations consultants to launch and promote products and services within various mediums including print, interactive media and industry events as a means to get exposure and visibility in the marketplace.
EarthSearch Communications
Clients
We have completed the customization of our GATIS software for the Kenyan Revenue Authority and expect deployment by end of August. Our marketing division will support our local partners in Kenya to increase sales in the market. We will also market the software to other revenue agencies around the globe looking to closely monitor and manage movement of cargo across the border. We recently entered a joint venture agreement with McLeod software to provide a software integration agreement with SAP. The Company will focus on introducing our products and services to logistics companies currently utilizing McLeod Software and SAP partners globally as a means to introduce them to our wireless GPS/RFID technology. This technology will be offered to clients facing complex logistics issues. Our integrated GP/RFID products, combined with our GATIS software, offers a unique solutions for several industries. We intend to publish white papers via on our web sites and industry journals to demonstrate and introduce advanced solutions that our technology can provide. The GATIS software offers an end to- end integrated RFID/GPS solution that can provide continuous visibility from sales processing to warehouse operations, wet cargo and containerized cargo monitoring, workforce solution and demand visibility for the manufacturing industry.
StudentConnect
ECDC has officially launched StudentConnect, our school transportation and safety division. We have had several presentations to a number of school districts throughout metro Atlanta. As a result of the positive response from parents and school officials, we expect to formally launch services to a number of schools during the new school year. Our strategy is to focus on the metro Atlanta market and strategically expand service offering to other parts of the country for effective deployment of the product.
We have also received a positive response from other countries specifically Nigeria, Guatemala and Dubai and will look to develop support operation for international deployment over the next 12 months.
WetWinds
WetWinds is global technology company that provides interactive social media experiences for users across the globe. We are currently developing a virtual desktop-to-mobile technology called “Vir2o” that will help change the way users socialize and interact on the web in real-time. As part of its operations, WetWinds has hired a team of seasoned designers and developers to complete the development of the social media site and mobile application. We intend to deploy the site on game consoles, mobile devices and desktops.. Vir2o beta platform is schedule to launch by end of 2012.
Rogue Paper
Rogue recently relocated to a larger facility and is hoping to expand its sales force by the end of the fiscal year 2012. Our key client recently expanded the use of our software and we intend to continue adding additional programs to the platform. The Company is hoping to grow via merger or acquisition over the next twelve months in order to help enhance revenue opportunity and add key personnel to our operations.
Plan of Operation wow! Get the picture the future looks incredible
For the next 12 months, ECDC’s overall operation plan will be to expand its overall marketing and sales efforts of its proprietary technologies in all four subsidiaries which include EarthSearch, StudentConnect, Roque Paper and WetWinds.
Marketing and Business Development
ECDC recently hired a Director of Marketing and Business Development responsible for orchestrating marketing and sales support and managing market research, advertising and sales support to sales teams within each corporate subsidiary.
The Marketing and Business Development division will help manage communications outreach and will outsource marketing and public relations consultants to launch and promote products and services within various mediums including print, interactive media and industry events as a means to get exposure and visibility in the marketplace.
EarthSearch Communications
Clients
We have completed the customization of our GATIS software for the Kenyan Revenue Authority and expect deployment by end of August. Our marketing division will support our local partners in Kenya to increase sales in the market. We will also market the software to other revenue agencies around the globe looking to closely monitor and manage movement of cargo across the border. We recently entered a joint venture agreement with McLeod software to provide a software integration agreement with SAP. The Company will focus on introducing our products and services to logistics companies currently utilizing McLeod Software and SAP partners globally as a means to introduce them to our wireless GPS/RFID technology. This technology will be offered to clients facing complex logistics issues. Our integrated GP/RFID products, combined with our GATIS software, offers a unique solutions for several industries. We intend to publish white papers via on our web sites and industry journals to demonstrate and introduce advanced solutions that our technology can provide. The GATIS software offers an end to- end integrated RFID/GPS solution that can provide continuous visibility from sales processing to warehouse operations, wet cargo and containerized cargo monitoring, workforce solution and demand visibility for the manufacturing industry.
StudentConnect
ECDC has officially launched StudentConnect, our school transportation and safety division. We have had several presentations to a number of school districts throughout metro Atlanta. As a result of the positive response from parents and school officials, we expect to formally launch services to a number of schools during the new school year. Our strategy is to focus on the metro Atlanta market and strategically expand service offering to other parts of the country for effective deployment of the product.
We have also received a positive response from other countries specifically Nigeria, Guatemala and Dubai and will look to develop support operation for international deployment over the next 12 months.
WetWinds
WetWinds is global technology company that provides interactive social media experiences for users across the globe. We are currently developing a virtual desktop-to-mobile technology called “Vir2o” that will help change the way users socialize and interact on the web in real-time. As part of its operations, WetWinds has hired a team of seasoned designers and developers to complete the development of the social media site and mobile application. We intend to deploy the site on game consoles, mobile devices and desktops.. Vir2o beta platform is schedule to launch by end of 2012.
Rogue Paper
Rogue recently relocated to a larger facility and is hoping to expand its sales force by the end of the fiscal year 2012. Our key client recently expanded the use of our software and we intend to continue adding additional programs to the platform. The Company is hoping to grow via merger or acquisition over the next twelve months in order to help enhance revenue opportunity and add key personnel to our operations.
What you call dilution I call investment. Smart money is accumulating and waiting for StudentConnect and WetWinds to blow the pipes off this one
From what I know Mr. Kozak is not working at ECDC and has not been reflected in any filing as having any managerial role at ECDC. I believe Kay booted him as well.
Yes, Joe Kozak raised $40ml, what does he have to show for it. NOTHING you should stop painting wide strokes without differentiation. Kay has raised $13ml, he has 4 divisions to show for it. If he was still there we would have seen it on their SEC filings
Two proprietary technologies companies (EarthSearch and StudentConnect)
one acquisition - Rogue Paper
One social media company - WetWinds
Please take a step and stop painting wide strokes, you might get to see the picture. Not every company using stock to fund development is necessarily a dilution. Dilution is when what you are suing the money for has no valuation attached to it.
We can clearly see what ECDC is doing with the money.
I am already seeing a trend of consistent announcements coming out weekly, we are getting ready for a spike. If we continue to see news like we have seen since last week, you may be eating crow. Just because you have not seen news about SC right now does not mean you will not see one tomorrow or on any given day.
Slow down cowboy!
My friend we all knew expense is growing, it is hiring, it is developing 2 new divisions, they are hiring developers, they will show up as expenses because SEC reporting no longer allow capitalization of R&D cost.
Showing that revenue is growing is relevant to demonstrate that the organization is succeeding in its efforts even if continued development is causing it to show increasing losses. There will be a point of diminishing expenses when there is a sudden drop in those expenses and revenue growing will shown sudden explosion of profit. Based on the YTD report from last week that will happen in 2013. Some are patient and others are not. The bottom line is revenue is growing. Not many penny stocks can say that.
GLTA
I did more research on the case law. In GA you do not need to commit a bank account fraud to be charged with one. Only someone had to have given you a bad check that you cashed. So lets not start jumping until we get the facts.
You are absolutely on the money.there may be other reasons we don't know. Is it not strange for such a minor issue. From what I have seen there is always more to this stories that we read so. Its happened to me before so, I know what I am talking about.
dilution? really at the price level? I think if there is dilution at this price level you will see volume at 100ml.
Will not be a bad idea if you sell today. Unlike other penny stocks chasing smoke, ECDC is building real businesses and companies, accumulating contracts, for the first time has structured a great management team. This "now" mentality is what wrong with our economy, we have no patience with innovators, the time and money required to innovate. It is why other countries are starting to catching up to us.
CEO's are scared to invest in R&D, that's why the only growth area of our technology space is software. Have you seen another Apple? All the consumer electronics are coming from somewhere else. The SEC and GAAP no longer allow capitalization of R&D it has to be expense which mean CEO's like Kay are on the loosing end with shareholders when they put money in R&D.
some people are use that as excuse too destroy a great many companies talking about it's loosing money, of course a company in R&D phase will have increasing losses if it cannot capitalize development cost. Hello?
I am sure the message is not intended for people already soured towards the company, don't believe there is anything it can do to please some people, even if it acquired Apple tomorrow, there will be reason why some people will think it is hype or makes no difference.
But thanks to those who feel different
ECDC should consider a reverse. Your comment is exactly why I will recommend the company to R/S and get out of the sub penny so a lot of the day traders cant afford the flipping game.
Ironridge will probably be issued even more shares. That for me is not the issue. The issue is, what is ECDC doing with the money raised. Building 4 businesses. $ technology company. From what I see in terms of real valuation for this business, if FB or twitter raised hundreds of million to build one business and ECDC raise $20ml to build 4 it is a good deal for ECDC investors.
More importantly is that those of us buying in the sub penny stand to win big if the businesses start to generate major revenue. This company will make more millionaires than FB, Google combined.
That's in my view is why the risk is worth it.
GLTA
And the number of businesses went from 1 to 4. Hello! are we missing something. Need money to build or acquire them.
Authorized shares does not equal issued shares, for a 4 business division in the penny land no one should even have been concerned even at 1 billion issues which we are not there yet. Don't forget these are 4 different technology divisions. People have to understand, this company is not private and or in private equity land, it had to raise money to build the business. Issuing shares was the only option, It is a ply only for people who intend to be long.
Everyone need to do their on DD on what the company is doing with all the shares issued and determine whether management is being foolish or using the shares for the overall long term interest of the shareholders
where have you been OC! good to see you back
I don't get it, I cannot understand why people invest in a development stage company then start to complain about the ups and downs. Please explain to us what exactly did he say to you that had you fooled? The guys is still building his business, the various divisions he said he was building is still in process, how has he fooled you or anyone else.
I can understand people talking about "dilution" but can you build a 4 division operation on no money. The proof will be shown when he is done. Maybe be the conference call will tell us what we need to know.
GLTA
Is that not the same type of control that the Google guys have in their company, they may have picked up that up from google, not a bad idea. would it also not be a good way to fight hostile takeovers?
Why would these insiders be looking to defend a failing business from a takeover? Are we missing something?
In addition would that not be a strategy to use in reducing the float or outstanding? I think I am going to acquire more shares, thanks for sharing this with us, uuuhmmm makes me think more deeply.
Stock price may have nothing to do with fundamentals and I think this guys are making their move.
On a different note I cant believe you think the company should have ihubers have access to call the transfer agent all day? these same ihubers with conspiracy theories running allover the place? are you serious?, do you have any guess the TA will receive per day?
What is it about a development stage company that makes people think they have lost money before the game begins.
This company has always said it was in development stage, let whoever wants to play with this do so, if you are a long term investor seat back and relax, Kay has said that more times than I can remember.
This company is developing 4 businesses simultaneously, we should not be surprised if there are people who take advantage of the stock with ups and down that is a normal part of business development. i don't know why that reality is so lost on everyone.
If the company is issuing stock at a discount and there people selling cheap, if you believe in the company buy it. Because the same stock they bought at .0009 according to the writer and sold at .0024 may someday be worth .20 or more. What will you say then? what if the discounted stock was used to build a WETWINDS that becomes extremely successful? has that crossed your mind. If you are not a long, it makes sense to get out as it might get even more brutal before it gets better as there are those who thrive on the negative side of things dominating right now.
I think they would have lost more than the guy that bought it at .0024. the question is whether you believe in the company or what it is doing. the challenge we have posed to writer over and over again is to show us any other penny stock in all of his years of trading that has done anything similar to what ECDC is embarking upon. 4 divisions in cutting edge space under development at same time?
The answer will be a resounding NONE
FKA thank you for making my point for me. let me repeat myself "What is it about a development stage Company that people don't understand"?
your rhetorical questions are simply speculation not based on any facts. Neither you nor I know if anyone has tried to buy the company, what they offered and who refuse or rejected what? Secondly is it not rue that most of the divisions are fairly new?
RP -acquired 4th Q 2011
StudentConnect/WetWinds started 1st Q 2012
Really? why ? can they be allowed to finish the development work?
Once again it goes to demonstrate why some the comments are onthis page considered bashing
Let me guess, if a development stage company, does not issue stock to raise money how will it develop? with "WHAT" and if it issue debt you will say what "WHAT"? I wont repeat some of your past comments about debt. what is it about words "Development Stage" you seem not to comprehend.
All these silicon Valley companies such as Facebook, twitter all piled up debt before they ever made a penny and I mean serious debts in the hundreds of millions of dollars but they are doing it as private companies so people like you cant trash them.
The last $233ml how did you think they raised it? Sales? Debt? Stock?
Nobody raise money with revenue? Why do you think a company like Facebook which does $3bl a year have to go public to raise money? "development"
Like I have said when stock brokers and day traders start to analyze a business without a clue of how thing really work we get something called ihub
That's why smart people are holding on to their shares. You can move some people with your skills to search SEC filings but you also need to explain basic business development principles or concepts, fundamentals of capitalization strategies etc. You think a business should just start off with revenue and start becoming successful by spending revenue to build its operation, how childish is that concept,
Some people here have never run a business before obviously. Day traders true and true
Do you really believe a small penny such as this one will not issue any more shares trying to build a Facebook killer? Are u kidding me?
they will need to dramatically increase debt or use stock, it is either one or the other, those who believe in whats going on will stay strong those looking to make a quick buck will jump out. Simple as that.
It amazes me how some people think they should be the only one with opportunity to own the stock. If they did not increase O/S how would you have been able to acquire the stock?
What is it about increasing AS shows dilution? Can anyone please educate me. Am I in a different world or does it seem nobody on this board read the 8K on the Ironridge transaction? It clearly require that ECDC maintain a minimum of 2Bl in authorized shares. Why is everybody jumping off the bridge. Please sell your shares I am waiting to load up. Did everyone on this board think the deal was good for ECDC cash flow then?
You cant eat your cake and have it. The PPS forecast by Ludlow was based on that Ironridge transaction. What is it about a development stage penny with revenue growing new contract coming up that makes someone says the company is going under
WHEN 8K IS FILED WE WILL SEE THE STOCK BOUNCE BACK AND THE SAME PEOPLE TALKING TODAY WILL BE PRAISING TOMORROW WHAT A WEIRED BUNCH ON IHUB.
what exactly do you think may have changed betwen Monday when they announced $5ml contract and today ....NOTHING
I will be on tomorrow looking for 5ml cheapies. Please sell to me
Maybe it is because it is a good stock for those who want to manipulate it. It has potential and keeps moving up so for someone who is looking to make a lot of money on manipulation this is the perfect stock.
everyone keeps talking about manipulation I simply don't get it. Is a company not public so it can access capital using equity to raise money. If it did not, how would any of you on the board have acquired the stock.
So issuing shares is not dilution, so long as the company can demonstrate increase in revenue, expanding operation and growth, IT IS NOT DILUTION
PROOF: Rev 129k > 412K same quarter comparison
Bal Sheet 239k > 2.3ml
so show me the dilution please people. I want to see it.
the story of this stock is not about dilution more so than about manipulation by day traders and MM.
Everybody wants to see WetWinds but nobody wants Kay to raise money to do it. What a joke
O.k. So this is not just some African country right? as some have alluded in the past this is "mother" Russia we are talking about. ECDC is about to blow the pipes on this sail for a fast move. THIS IS A BIG MOVE. i SAY ECDC do between 3-$5ml this year in revenue and next year will be in the 10-$25 millions range
I went to ECDC office and took some pictures how do I load them up. The company is real real real real!!!!
Whoa! hold your breaches cowboy. what significant increase did you see between now and the 10k filing? stop acting as if we are seeing something new. increased expense is only evidence of investment in WetWinds and StudentConnect
Nothing in this report is new other than we now confirm the revenue growth, we know balance sheet has growth dramatically from 239k to $2.3ml
we also saw increased in Selling and Admin cost compared to prior quarter, it is safe to assume that is due to the development of WetWinds and promotion of StudentConnect.
People can bash this company all you want all indication is a upward trend and i like what I see. GLTA