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You guys should remember that this stock once traded @ .0138 February this year, and @ .0095 in April same year. I see no reason why ECDC will not hit those numbers again. I also see no reason why any shareholder of this sick stock won't panic, I know I am. But am just applying patience while calculating my projected huge proceeds at my target exit price.
Nah its not done yet. I see ECDC picking up steam again. Similar situation like this happened last year, just that the PPS then wasn't this low.
Someone is definitely beating down this stock. Over 8 million shares at 0.0005? When the buyer converts at 0.001, that would be over 8k in the bag! How about converting such amount of shares @ .01? With only 4k investment.
I hope this thing won't hit .0001? Cos' no shareholder would bare that. The messed up thing is that Kay is not really worried about the current PPS, matter fact he's responsible for the current price of the stock. He's more concerned about making the subsidiaries profitable which is what most companies in same situation would do.
I keep on acquiring regardless, but I know my loss limit - am not there yet. Still patient.
As far as your #4 question, I remember him mentioning before that 2013 is the revenue generating stage of the company(s). That they have now setup the strategic portfolio of companies they needed to enter various markets, utilizing the resource of one management to monetize four diversified ventures is the strategy.
Kay believes the tech space is where the company will make it and/or survive.
The company issued out lots of shares to develop the subsidiaries, which were then dumped into the market, as we have seen in the past few days of heavy trading.
I'll forward your questions, and post his response once he replies.
Will ask on your behalf.
Anyone who has a question he/she would like the CEO to answer, reply to this post. I'll be writing Kay again soon. GLTA
'budmgd' you don't seem to be following up. Typically, those are chat transcript in Kay's own words, not mines. Don't get it twisted.
More of my chat with Kay earlier today, in regards to the low PPS:
Kay: How do u loose money in a Development stage company if it has not launched? Unless you can predict the future. You only loose if you get out before launch.
Not too well Don. More from my chat with Kay:
ME: Many are frustrated right now, and longs are dumping their shares for fear of hitting .0001 bottom soon.
Kay: Long will regret dumping. Someone created panic to acquire stock, stock will come back after summer. Someone will make 200%+ accumulation at this price.
Sounds like more B.S, but regardless of what he said - those who acquire at this level will surely make more than us who entered at .00+. ECDC really cant remain at this low level for long. We are all taking a big chance on this one. Hope we make it.
It's hard to tell when the dilution will cease. But I'm going to post my chat with the CEO recently in regards to the depreciating PPS.
ME: Hello Kay, It has gotten to the point where ECDC has to drastically save the PPS of the stock, and do so now. Shareholders have had enough.
Kay: Cant do anything. Will be price manipulation. 2 things we can do is R/S I am not doing that. Buy back we will do at the right time. Patient!
I think it's high time we demand the ECDC board of directors/CEO to setup a conference call addressing the crash of the PPS (breaking 52-week low), the delay on the social media site, and the delay on StudentConnect, among other factors. No more expectations, it's time for action. The CEO cannot let the PPS surfer this much and expect shareholders to bear.
This is no longer dilution, Ironridge have no ECDC shares at this price to dump. However, shareholders are averaging/leveling down due to fear this might eventually hit the bottom.
According to Kay via email communication:
Me: Hello Kay, Learnt you are currently in Kenya. What can shareholders expect from this trip?
IBM and EarthSearch are actually not working together, I don't think that's what the news states. But EarthSearch and IBM are actually both in Kenya's Narobi capital, expanding their technology into their emerging markets. I wonder if Kay will get to visit the site for IBM's new research lab in the country.
I see a new website for EarthSearch master distributor in Kenya AsonicsLive, proudly carrying EarthSearch's products.
http://www.asonicslive.net/hardware/logiboxx
IBM, EarthSearch Communications, in Africa emerging markets?
InformAfrica – IBM, a top IT Company seen in almost every industry and EarthSearch Communications, a technology company boasting the world’s first wireless communications between GPS and RFID, are two technology companies expanding their solutions to Africa’s emerging markets.
http://www.informafrica.com/business-africa/ibm-earthsearch-communications-in-africa-emerging-markets/
ECDC is in Kenya, so is IBM.
For those not seeing the potentials in emerging economies in Africa, please take note.
If legendary tech companies like IBM, is expanding to Africa, best believe they have conducted extensive research on the economy they chose to invest or do business in. Right now, Kenya is the most promising economy in Africa as far as technology is concerned, even surpassing the gigantic Nigerian economy. Unlike Nigeria, Kenya is a more stable economy and has little to no conflicts.
The following was culled from businessdayonline.com regarding IBM basing it's Africa’s ICT lab in Nairobi:
The choice of Kenya as the location for International Business Machines (IBMs) first research laboratory in Africa is raising fears that Nigeria is being left behind with regard to Information and Communication Technology (ICT) development.
When IBM, the $230 billion American Information Technology (IT) and Software Company sought a spot in Africa to build its new research centre, it didn’t pick Nigeria with its 168 million people and $270 billion economy.
It chose Kenya instead, a country whose economy at $34 billion, is about the size of Lagos (Nigeria’s commercial capital), and has a population seven times smaller than Nigeria’s. http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/43074-kenya-ahead-nigeria-as-ibm-sites-africas-ict-lab-in-nairobi
IBM, with an annual research budget of $6.5 billion, runs similar research facilities in 11 other countries, but this is the first in Africa.
The point there is this: The CEO knows what he's doing, part of ECDC's scope of business is to target emerging markets, and it gets even better (advantageous) when you actually hail from such region.
Though we have no factual clue what CEO's trip to Kenya is all about or will yield, but we can always expect more deals (partners) licensing EarthSearch's technology. One or two partners is not enough for ECDC to achieve it's goal, not with such powerful integration between RFID and GPS that many don't have yet (not in Africa). Any serious or real company - expands it's clients base, it's that simple. Expansion into emerging markets is the key when it comes to ECDC. Mind you, Kenya is one of the 10 fastest-growing economies in Africa.
Good luck to the CEO! Go ECDC!!
CEO is in Africa, where a country like Kenya is entering a technology boom. EarthSearch already partnered with a growing number of technology/monitoring companies, including Security Group Africa.
It's certain that the CEO's trip to Kenya will yield positive outcome - more partners will license EarthSearch's technology. The opportunities this fast-growing east African country called Kenya presents, is huge.
It's even more exciting that the country Kay is from, Nigeria, their working age population is expected to increase by 123% in the next four decades, and it has started to exploit its large natural resource endowments more sustainably. Its private sector has spawned companies that are expanding to other African regions, and western markets.
With a yearly growth rate at 8.5%, Nigeria's GDP is estimated at $9.5 trillion by 2050, which is #6 in the world. Source: Businessinsider.com
If you've been paying close attention you'll notice investors are now rushing emerging markets, ECDC will not miss the opportunities and momentum it can gain from the fast-developing nations in Africa. Take note.
ECDC can keep up with big/popular media companies in the same media space, by simply building Apps via RoguePaper that complements other existing and big name devices or software. In this case, the big opportunities in the TV/media industry. There is enough potentials in that area for our little ECDC to bring some fortune to patient shareholders. Still examining the level of potentials SAP will bring to EarthSearch Communications.
RoguePapers TV Tune-In is getting more online exposure along with Apple, Google, and other big media companies. See what this recent article on DevOpsANGLE has to say about TV Tune-In: What Lies Ahead for Apps Developers Beyond Smartphones? A Lot. | DevOpsANGLE http://devopsangle.com/2012/08/10/what-lies-ahead-for-apps-developers-beyond-smartphones-a-lot/
I feel you and every other persons frustration about this stock, even I myself is frustrated. Anyone not frustrated at the current PPS is either not invested here or simply lost.
But let us not be too negative or over-frustrated/stressed at the current situation - it is unhealthy for both the stock and our health. I'm sure the CEO must also be frustrated, considering that someone mentioned here earlier that he is losing his home though am not sure how true that is.
*UPDATE*: (I just spent the past 10 minutes looking for sources citing Kay to be losing his home, and couldn't find any. Disregard any rumor you read on this board about Kay losing his home, it is false.)
Let's not forget that the company recently brought new management aboard, and that EarthSearch is currently the only subsidiary with revenue stream. Others, apart from Rogue Paper, are still being developed. There is no guarantee whatsoever that StudentConnect and Wetwinds Vir2o will be a success, but the company is willing to take the risk. So it's a win or lose situation.
One thing I know for sure is that the PPS won't be at this level for long. I have been riding this stock for nearly 2 years now and will continue to do so for a very long time. If the company had nothing going on, then I and many others, won't be here in the very first place. Please, let's be patient and let management work things out.
Yes it certainly will. I think Kay is doing a great job with the company. He facilitated the acquisition of Rogue Paper, a mobile development company. Now, ECDC with the expertise of Stephanie Boyle, is about to launch Vir2o, a virtual desktop-to-mobile social media platform.
To be honest, am very excited about Rogue Paper. I have been constantly digging into the potentials of TV programming, and what RoguePaper is doing in that area with its second screen experience.
Did you know that the global market for broadcast advertising is over $160 billion? Broadcast advertising is still the core business of media companies. Earlier this year, Rogue Paper's TV Tune-In rolled out update for its second-screen platform that allows networks to synchronize exclusive content to shows as viewers are watching.
Content Sync displays interactive polls, quizzes, behind the scenes videos and more perfectly timed and in sync with what's happening on the screen. This is being extended to other forms of content such as synchronized broadcast television advertising, making broadcast television ads interactive.
Not to mention that RoguePaper has people like CEO of Twitter, Dick Costolo on board as an angel investor and advisor, among others.
Here's a list of their angel investors and advisors:
Dick Costolo, CEO of Twitter
Walter Delph, SVP at NewsCorp Digital
James Finn, Head of Innovation Centre at O2 UK
Luca Franchi, Entrepreneur in Residence BSkyB
Ken Hayes, SVP Global Sales & BD at Appia
Gustavo Bosignoli, Director at Ericsson
Abdiel Mendez, Director at Ericsson
Harry DeWhirst, VP at Amobee
Doug Mandell, Principal Mandell Law Group
RoguePaper is already powering mobile apps for big entertainment companies like MTV and VH1 with millions of users already. http://www.roguepaper.com/angels-sherpas
I'm quite sure Kay's acquisition of RoguePaper was very strategic. Looking at the connections, partners and publicity RoguePaper has already attained.
Here's an update from RoguePaper website following the acquisition:
I believe ECDC will eventually breakthrough and move onto Nasdaq or NYSE in the near future. I'm even surprised to find a company with so much huge potential trading as a penny stock on OTCBB.
Just looking through the web to see how much publicity the company has gained over the years, found a PR on EarthSearch's Logiboxx on Reuters: http://www.reuters.com/article/2011/02/16/idUS236186+16-Feb-2011+MW20110216
Also found a video on YouTube about 2 years ago for EarthSearch's Logiboxx here:
This PR is not the type that tend to send the PPS skyrocketing. The PR you're longing for is yet to come (not far away). The future is bright, am sure Kay is up to something.
You guys should not hesitate to ask the CEO questions or things you need clarity on. Email the CEO, chat him on Twitter or any other social network site you find him. Those naysayers here are just pranksters and are here to infect your investments with their negative energy. The future is bright with ECDC, I know how much I've made from this stock over the years so am definitely long here.
GLTA
ECDC is gaining lots of publicity, following the employment of new staffs such as an Ex-Philip Morris Executive, Andrej Jeremic, among others.
I did a Google search for Phillip Morris Executive, and lots of PR/news about ECDC from big publisher websites were part of the results shown.
One concern I do have is that, Andrej Jeremic, who recently left Switzerland for the US according to my understanding, may not have the necessary knowledge or experience of US markets. Business is a different ball game in the States (highly competitive) and can never be the same in other markets overseas.
So the question is, will mr. Jeremic be able to outperform in a new market where he has little to no experience? Does he have solid connections here in the US that can give ECDC a leap forward to effectively compete in the US markets? I truly hope he can head the marketing and business development at ECDC effectively. This are just some of the questions running through my mind as a shareholder.
Well, let's see how the new international executives perform with the company. They all have to prove their ability to succeed.
Yes, the time for ECDC to have another big run is very very near. I'm doing my best to keep track of all publicity, marketing, and promotion the company is doing for Vir2o or any other of the subsidiaries.
After noticing the company have hired the services of MailChimp as part of their marketing strategy, I said to myself - this guys are truly up to something this time. The company truly hired new staffs (more like professionals), and I've observed that the staffs have connections/friends/associates in few universities. I think they are strategically promoting Vir2o in one, two or more academic institutions where they can easily penetrate.
For instance, Alex Shields, a student at the University Of Mississippi studying business management, is a contributor at Vir2o, according to his Google+ profile: https://plus.google.com/113673497857253531496/about Additionally, his FB profile shows EarthSearch as his most recent employer.
Not to forget, Andrej Jeremic who was hired as director of marketing and business development for the parent company, and George Porras, director of System Engineering and design, including Tish Spaulding, managing and creative director for WetWinds Inc.
The company added interactive web development and designer team to develop social media apps, softwares, etc for WetWinds Inc. The company has designated Wetwinds as their social media division and RoguePaper for entertainment/TV innovations.
To answer your question, in early June, I directly messaged Kay (series of short messages) on Twitter asking when the company will penetrate the US markets, as few shareholders on the ECDC board here have been complaining about the company doing business/partnership outside of America with companies they cannot investigate or check for their genuineness and he made mention of a feature article with a top selling tech magazine to introduce them officially to the US market - stating that ECDC is ready to play and he's finalizing some important deals in the US at that moment.
In my opinion, am thinking Black Enterprise or Entrepreneur magazine. I'll be on the look out for more publicity the company is garnering. GLTA
I'm checking every social media sites twitter, facebook, google+, etc and searching the web for trends on Vir2o or ECDC in general. I notice the company is now using MailChimp for their email marketing...this is starting to look serious. I also think Kay and ECDC technologies (subsidiaries) will soon be featured in a major tech/innovation magazine. Kay and most of ECDC staffs are on social media sites, follow them, friend them, ask questions till you get satisfying answers.
I think am passionate about my investment here. Things are starting to get serious...we can only hope/strive for best. If Facebook, Twitter or Instagram could do it, Vir2o could too. Go ECDC
I bet tomorrow, last trading day of the week, this stock will run - greens all day.
BTW, ECDC is using MailChimp for their email marketing of Vir2o. See: http://eepurl.com/oa589
Vir2o news again: WetWinds names new social media technology
ATLANTA, July 30, 2012 /PRNewswire -WetWinds recently introduced the name for its new social media site “Vir2o” to parlay into the highly interactive social media platform the company is developing. The new site will consist of a combination of technologies designed to offer users a virtual social experience in real time.
“We’re excited about the progress we’ve made thus far,” said Tish Spaulding, managing creative director for WetWinds. “Vir2o will be the most innovative social media platform allowing users across the globe to share real-time, user-to-user social engagements.”
Vir2o is currently in its development phase and will serve as a destination point that will offer a number of unique features that are currently not available on other social media sites. The company is planning to launch a global promotional campaign in 2012 to drive beta users for its pilot release.
In addition to development, WetWinds is working on the design phase of Vir2o’s interactive platform and is implementing a strategic business development plan that will explore a unique monetization strategy to drive sales and increase market appeal to users and potential advertisers.“WetWinds will continue to incur research and development costs for the successful launch of Vir2o as well as continuing cost of integrating our technology platforms with other legacy systems,” said Aladesuyi. WetWinds’ parent company, East Coast Diversified (ECDC) has streamlined the cost of operations, with shared administrative resources, such as accounting, legal services, personnel and other services.
“Our revenue strategy is more focused and diversified. Licensing, data mining and advertisement-driven business models will help propel our financial success beyond all prior years. It is my belief that our operation has matured and will result in significant growth and revenue successes in the next several quarters,” said Aladesuyi.
Register at www.vir2o.com and be part of the first one million users to experience the next level in interactive social media. http://www.vir2o.com/?p=10
More Vir2o News: Kayode Aladesuyi, a Nigerian born entrepreneur based in the US and CEO of East Coast Diversified, is working with his team of engineers and social media experts to launch a redefining social media platform known as “Vir2o”. http://www.informafrica.com/tech-news/us-based-nigerian-entrepreneur-to-launch-new-social-media-platform/
I'll be more than glad if I could acquire some at .001 alone, since that's the discount price ECDC gives Ironridge and the likes. However, I don't think ECDC would allow the PPS to drop below that mark IMO, and they're putting together a professional team that would handle all PR's so I think some big promotion is underway. I do have buy orders at different low levels though, even .0009 just in case.
Overall, I think ECDC is a great company to invest in even though the stock is kind of complicated as you can see.
I also entered again at .0012, and another buy order at .0011 and .0009 should in case it drops further.
Don't let the PPS drops bother you that much, MM's are playing foul here. ECDC will eventually pop soon. We've seen it happen over and over again. We at the bottom now, we can only go up from this low levels.
Kay is not selling, many are holding - waiting for this thing to pop, am sure you are too. It's almost 10 30 est and not even a million traded yet.
MM's are the ones driving the PPS down. There are things CEOs cannot control, this is one of them.
GLTA
Looks like someone or MM's exchanging shares among themselves at .0014 in order to trick people into selling. My order at .0014 (since yesterday) is not filling at all, yet MM's exchanging shares among themselves. It's terrible how some like to drag the PPS down.
GO ECDC!!!
Have you seen the new social media site Vir2o? Go and signup now if you haven't...joint the movement: http://www.vir2o.com/
Thank you for providing this. Can someone add this to the news ticker so people can find it?
The future is bright with ECDC
Vir2o.com is now live guys! Woww it looks astonishing!!!! Check it out: http://vir2o.com/
That's right! Any social media venture must have a cool name that people can integrate into their daily life/activities. We need to know the company's demographic target with the social media division. If for people of specific ages such as teens 13+ or adults 18+ or those with some level of income, or education...there has to be a strategic plan for the social media division to be successful - something different will draw people's attention.
It's still not clear if the name would be "WetWinds Vir2o" or just "Vir2o". BTW, the website is now live wow here check it out: http://vir2o.com/
You hit the nail right on the head, something like a carpenter! Those selling are pretty much impatient. Only the patient can win here IMO.
I usually add up at different low levels, so whoever lacks patience pls sell me your shares. Let me help you get that ECDC load off your back so you can relax!
SMH at those complaining about ECDC even at a thriving period. Life is not a bed of roses, the road to success or wealth, is a very bumpy one - get use to it.
Those of you that are new holders of ECDC, you may have no clue how this stock has been performing since the year began so your assumptions may be vague.
ECDC is a very rare penny stock and those that are truly paying attention to its performance - has a long view on its future. If you know what it feels like for your portfolio to once report over 300+ in gains from just one stock, then you'll know the strength of ECDC to breakthrough.
In the company's mid year report, EarthSearch has entered a joint venture marketing agreement with McLeod Software, a major US logistics software provider that would integrate its GATIS software with the McLeod software. I do not know the quality of the relation Kay or ECDC has with the guys at MCLeod, but the software company has been in business for over 27 years! and it's reputation has been solid.
With the joint venture marketing agreement with McLeod, EarthSearch has truly broken barrier and officially entered the US market. I remember sometime late last year, some complained about ECDC doing business deals with foreign companies they cannot track or investigate - now that opinion has been laid to rest. Anyone can look into McLeod's track record and create fresh opinion on the future of ECDC.
In other words, McLeod, who am sure recognized the potential ECDC has with it's proprietary technologies, is throwing ECDC a big bone into a bigger market. I think it's a smart move for the guys at McLeod, and looking at the list of partners on their site - there's no doubt Kay and the team at ECDC are excited about the joint venture. I believe revenue will increase due to this partnership.
I also found a review site where employees share experience with companies they have worked for. The review for McLeod was quite impressive, though - not without faults. See the review here: http://www.jobitorial.com/mcleod-software-job-reviews-C7269
To conclude, let's not divert all our focus on the good debts, dilution, or fear of reverse split, without considering the deals being signed, revenue growth potential, etc plus new ventures that are kicking off soon.
So what if ECDC eventually pays off all it's debts, buy back shares and go private? Like McLeod is?
Anyone with questions or doubts, get your questions ready for Kay when the conference call @ 11am is due.
About McLeod Software
McLeod Software is a leading provider of transportation, brokerage and document management systems. Specifically developed for the trucking industry, McLeod’s advanced management solutions and services enable transportation companies to increase their efficiencies in all areas while reducing costs. McLeod Software’s integrated best-in-class software products include LoadMaster®, PowerBroker™, DocumentPower™ Enterprise, HirePower™ and the McLeod Freight Management Solutions product line. Founded in 1985 and headquartered in Birmingham, Alabama, the company serves truckload and LTL carriers, freight brokers, 3PLs, and shippers throughout North America. For more information, contact McLeod Software toll free at 877-362-5363 or visit www.McLeodSoftware.com.
Yup, I enter at different low levels and plan to exit some at different high levels in the near future. My next level of entry is .0011.
I won't count on it, but would feel nice to see my buy order @ .0011 fill today. That would mean I get to acquire some ECDC almost at the same price Ironridge had theirs for.