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I am wondering how you just turned 43 million discounted shares into 100s of millions of diluted shares. I believe it is still illegal for a CEO to lie to his shareholders so at this point I believe that there are not 100s of millions of diluted shares may 100 million total for all of 2011 as a way to finance but that would even be high...IMO
Kind of Annoyed and a little happy that we aren't trading tomorrow cuz this one is so ready but I will be able to buy another 1.3 million on Monday to sit at 3 million. Want to make a little money here and still keep enough in to make a lot of long run money. GO ECDC!!!
I emailed him last week to ask if the O/S had chnaged since he advised the 500 million O/S and he stated the answer was the same. I will check again with him this week to see if his statements have changed since than and will get back to everyone with any response he sends. It has been about 10 days.
According to CEO, there are less than 500 million outstanding shares so dilution is not a concern. A/S was only increased to secure lines of credit and as of my last communcation with him, those shares have not been sent to the market.
Welcome to you...Nice to see more interest everyday. Just took a look at my account and just at Zecco we have 25 more members holding today then we did Monday. More and more love fore ECDC. We are on the way up.
I would say 2 cents is before end of April 10 cents is by end of year. IMO
The price spike was due to huge deals made by the company in february. It dropped back here because the company has not released much news since, has not released the financials as of yet, and is still an indebted company. All of those things are problems however many of us believe we are are highly undervalued because revenues are increasing rapidly (1Q 2012 outpaced entire year 2011) without 2 of our subsidiaries even being completely functional. Not to mention connections with Twitter, Ericcson, and IBM. Big days ahead...IMO
ECDC ON PACE FOR MINIMUM 2.5 MILLION REVENUE 2012
First three months of the year have yielded more revenues than the entire year 2011 at 617k Times 4 quarters is 2.468 Million dollars.
BIG THING ABOUT THIS:
ASSUMES NO REVENUE FROM 2 NEW SUBSIDIARIES WETWINDS OR STUDENT CONNECT.
ASSUMES NO NEW DEALS WITH EARTHSEARCH OR ROGUE PAPER.
ON PACE FOR MINIMUM 2.5 MILLION REVENUE 2012
First three months of the year have yielded more revenues than the entire year 2011 at 617k Times 4 quarters is 2.468 Million dollars.
BIG THING ABOUT THIS:
ASSUMES NO REVENUE FROM WETWINDS OR STUDENT CONNECT.
ASSUMES NO NEW DEALS WITH EARTHSEARCH OR ROGUE PAPER.
Any new deal simply raises that revenue estimate and pays down the debt even faster. I am now predicting a company Profit year end 2012. Bank on it!!!! IMO
The way I see it last year in June the stock was at .07 with much less going for the company and it was losing money at a very fast pace. Now, it is starting a turnaround where it could actually be paying down that debt (meaning profitable for the quarter but not overal due to debt). For that reason, I truly believe it should be sitting around the .03-.05 range. The current valuation of this stock is not its true worth. Part of the lower valuation is a higher share structure but still if this comapny was worth .07 when losing money then it should be worth at least near that when making money. IMO
I would say one more day. Markets are closed Friday. Not to say I wouldn't welcome news anytime but I wouldn't expect news on a day when the markets are closed.
Actually it is the 14th but because it is the weekend they will have until the next business day to post them. Monday April 16, 2012
Do the math for yourself then... 250000 per year means 62,500 per quarter then 333000 means 86,000 per quarter. Rogue Paper has been averaging around 150,000 in revenues per quarter according to reports. Average revenues for 2011 per quarter before these new deals was 150000 so adding those all together would mean that a rough estimate of 1Q revenue would be: (assuming student connect has no orders or user fees)
62,500
86,000
150,000
150,000
448,500
That is really not that far off from last years total so Devil you may be right that we have not overcome the entire year but we have likely gotten close to the entire year in the one quarter. I think your post is completely uninformed but I will not delete it because the ignorant statement made here was not on this post or my last but rather that some on this board do not see the real potential this company is showing in 2012.
Are you saying you disagree with his statement about huge things coming?
It is hard to believe that anyone would believe that this company is going down much from here but I am wondering. A company that has had more revenue in its first quarter than in all of last year is obviously worth more than it was last year in the 1Q which was around .07 IMO
Agree completely. Just what we know about thus far tells me the revenue for 2012 will eclipse the year end 2011 reported revenues. The annual 250k added to the 333k from the 1 million over 3 years deal places revenues from only 2 deals at 583k with no other revenue streams at all. Last years total was 617k. To meet last years revenue we would only need revenues of 34k from the other 3 subsidiaries. 2012 will be amazing for ECDC. I predict a yearly surplus to pay down some, if not all of the debt by year end 2012. IMO
They have until the next business day after the due date which would be Monday April 16, 2012
They have authorized shares as part of the line of credit and purchase of Rogue Paper. I believe that have been using the other revenues to help cover old debts such as loans payable, etc. I am not saying that we have made a profit but only that I don't believe that we have added to the debt load (maybe a shift of debt but i think the extra revenues are helping stop the increase in debt). IMO
I don't agree I have a feeling that the 10-K will show real positive growth. Not a profit but I do think we will be closer to zero than we were. RP had its own 3Q profit so I have to assume with largewr revenues in 4Q they would have another quarterly profit. I believe that the 10-K will show a comapny that has paid down its debt through the revenue of 4Q...IMO
I agree...just would like to hear something positive about the company more than 1 in every 4 weeks. i mean with four divisions even just one development every 2 weeks would mean only having to get one development per division every 8 weeks...doesn't seem that demanding. IMO
Would be nice to have any PR. At this point we have had no real news for nearly 4 weeks. what ever happened to that March was supposed to be an amazing news month stuff they were selling us in Feb?
21 trades at 1600 means those of us here know it isn't worth it to sell but they have played so many games that now people are scared to get in.
They have until April 14 (so Monday April 16) to submit the report. Second, simply yes we could be awaiting news for a while and we haven't had any in 3 weeks. Looks like the turnaround has begun. LOL
I said this yesterday and I will say it again: Why in the world would ECDC not have had an independent valuation done before the merger? I jjust do niot understand why this has not been done well before this point in time. It seems very amateurish that this hasn't been done already.
Actually for the 10-k they have 15 extra days. Lets hope they don't make us wait that long.
I agree with you but this is just making Kay sound like a real amateur. I mean purchasing a company without an independant valuation then deciding last minute that it may be a good idea to get that for your financial records. I like Kay as a CEO but I hope he starts learning the business side of things quickly or we will all be up the creek with no paddle...IMO
He is a great inventor and idea man but let's hope he can turn that into a better, more prepared business plan without deception and with some care for the investors which are the only reason he is in business.
I guess that is ok but really annoying that they had 3 months since EOY and decided to do this now after the due date. My only other questions would be:
Why in the world wasn't Rogue Paper independently valued before we bought them out? Why wouldn't that have been part of the decision making process before the merger?
Or time to take this down to levels because people sell because they do not want to play these games anymore. Then he reverse splits and screws the rest of us. I mean honestly, the worse case scenario is getting more and more likely for ECDC. I am really getting sick of the deception by ECDC.
The thing that is horrible is that it was good informtion from the CEO. He didn't actually lie but is very close to a lie what he did. He made us all believe that he was going to get these financials in today through his statements. Ridiculous!!!
The thing that upsets me is that in the past when he has requested extra time, there has been an amount of time in the narrative so we would not be kept in the dark. This is ridiculous!!!! This simply allows him to do it anytime between now and April 15, which is when he reported last year so I guess I have no reason to expect anything until then. Thankfully my buy didn't go through today.
1.75 million here....hoping to get that last quarter million today
In fact the last 10-K posted was posted at 19:11 so it may be that we don't get anything til after today's trading day. FFF may have been right with his assertion that we would get it on Monday. The nice thing about that is we can sift through it find all of the good information and get it posted for a huge run next week. Big Days Coming no matter when we get this information.
Actually when we thought it was to come out last week, The CEO was asked and he advised that it was due March 30 and that would be the beginning of the turnaround for ECDC.
You make me laugh...Just wanted to make sure the board had the correct information. Let's hope that or not doesn't come true. I want this thing to move forward so I can make a little money and stay in for the bigger and better.
The 10-K is due on Friday not Monday. It is a leap year so 31 days in january, 29 in February and 30 in March. Add those up and that is 90. It is due tomorrow.
That looks real nice....and it is nice to see that NITE onle has 227k and VFIN is off entirely. This this is going up today.
It just seems to me that they have had it ready. It probably needed to be audited which is why it was delayed until the due date and if the audit took a while then they probably just decided to release the information on the due date.
My post was meant to have a hint of sarcasm as well. I am excited about today. I think there will be a nice run up in anticipation of the Financials tomorrow. Let's just hope they don't file an extension and make us wait until next week. It seems that they have been ready for a while though so I wouldn't anticipate the need for an extension.
I am sure he is speaking about in depth dd he has done on his own without any information from the company's employees. Not to mention that it is not illegal for the CEO to share information with other stockholders as long as he would share it with anyone if he were to be asked. Many times the CEO can and will release information that is not secretive to shareholders that request it. Perfectly fine and I am sure this is the case. OC seems to be a stand up fellow and I am happy to hear that there is big news forthcoming.
on another note: Has anyone else notices IHUB, with its L2 problems has also not been showing the Ask price in its quotes?
GO ECDC
Calm down....It is back up already. To me, volatility right now is a great sign. This thing is so ready to go and that is why were seeing weird things on L2 and big drops and jumps. The next 5 trading days will be great for all of us...just be patient.
how many at 31?