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$ECDC Check my sticky post also. I have highlighted some other positive developments from 10K as well.
$ECDC Good Find Mellis. Thanks for sharing.
$ECDC Capital Value is $25,000,000
Capital Value = Total monetary value of all shares associated with the entity which is calculated as Par Share Count x Par Share Value
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=T%252fWqZKo7woEycAVd7fW08w%253d%253d&nt7=0
I am not sure where they get that money from?
$ECDC: From January 1, 2015 through April 14, 2015, the Company received $265,500 of advances from Health Information Systems Fund, LLC, which bear no interest and are due on demand.
$ECDC Some positive Developments from 10K
1) ECDC have presented employment agreement to C. Dean Alford to take on the position of CEO of StudentConnect so Mr. Aladesuyi current Chairman and CEO can put more focused on making EarthSearch and Vir2o.
2) ECDC have executed 5 year agreement with 15 school districts with approximately 40,000 bus riders. In addition they are actively engaged in pilots with several school districts. Once fully deployed these would form the foundation for revenue from their StudentConnect operation.
3) ECDC are paid 40% of service fees collected from each participating student per month and 60% of advertising revenue generated on messages sent to parents.
4) In April 2015, ECDC launched a new web site for the promotion of Halo2. www.gatis-lowcostgps.com
5)The Company plans to register multiple trademarks with the USPTO. They are LogiBoxx, GATIS, TrailerSeal, RFSeal, MobileMANAGER, and has filed registration for Vir2o as well. At this time, the trademark applications are pending through the comment process with the USPTO.
6) More than 70% of ECDC's current partners and distributors are former competitors to ECDC's GPS offering and now offer ECDC's integrated GPS/RFID solution to their customers.
7) ECDC hope to launch the newly redesigned platform for Vir2o by end of the third quarter of 2015.
Negatives from 10K:
1) The Company will need additional financing in 2015 to carry out its business plan. There can be no assurance that financing will be available or if available, that it will be on terms acceptable to the Company.
2) ECDC do not currently have a Code of Ethics. ECDC intend to adopt a code of ethics that would be appropriate for their business as soon as practicable.
3) Many going concerns.
4) Future Share Dilution
Lastly ECDC does not address any shareholders requests or concerns.(This is not in 10K but we know that.)
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Recent Questions for IR
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I think ECDC CEO needs to address following to begin with:
1) DTC Chill: If NOT there why claim it is there? If DTC Chill is indeed there how he is going to resolve it?
2) Last year 10Q said By this school year company would be actively engaged in many district school buses which in turn should have started generate Rev/Profit this year itself. Why wait till next school year then?
3) How is he planning address expired company license? It got expired in July
4) He says external elements prevent him from posting PRs. Then how is he going to attract new investors?
5) He promised shareholder meeting this fall. Where is it?
Thanks to poster Tonyo & BX3 for forwarding it to FB and IR.
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VERIZON/STUDENTCONNECT booth 'pictures' for anyone that missed them. Thanks to the poster NY & Serious. *****************************************************************************************************************************
Pictures of the booth:
http://investorshub.advfn.com/uimage/uploads/2014/6/19/dwhrwimage.jpg
http://investorshub.advfn.com/uimage/uploads/2014/6/19/dksmlimage.jpg
Serious's posts about the event:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103450325
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103460825
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103461035 (Can't find 'this' post anymore, but here's part of it): "Verizon booth Say what you must, its more real than we all think. Verizon Rep "this product will give us a lot of leverage to get to customers we could not get before and the "Free will give us leverage"
Guys we think it is just ECDC benefiting from the relationship? Wrong!!!o
Verizon will know and have access to all parents not using Verizon cell phone and market to them. Verizon is going to use SC to corner cellphone biz completely.
ECDC is bringing something to Verizon to grow its core businesses. Including internet, 2way radio and other services to schools. ECDC will grow crazy. Definitely there will be restructuring but only when it will benefit shareholders according to Kay. "We must be able to sustain any added valuation from restructuring and that will only happen if we have revenue to sustain it" so there is a time for everything. He said he has only done one reverse and knows it was a mistake and done too early will not make the mistake again.
He answered all the question we had here. Spent 30 minutes with him after the event I enjoyed every moment. "
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103461317
Enjoy the rest of the weekend,
NYCrew
ECDC
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$ECDC 10K supposed to be out today. GL!
If they declare $25,000,000 in 10K tomorrow it would be nice.
$ECDC Wow SeriousIntent, $100 Mil company huh? Could you tell us where we stand now? You were right nothing could shake Kay. He is dead silent. What a true CEO... Jeez...
$ECDC We are slowly approaching the August 2015. It is going to be one year soon. Is last year's steam left in it? Jeez
$ECDC The Commission is authorized by Congress to provide monetary awards to eligible individuals who come forward with high-quality original information that leads to a Commission enforcement action in which over $1,000,000 in sanctions is ordered. The range for awards is between 10% and 30% of the money collected.
You can reach the Office of the Whistleblower at (202) 551-4790.
http://www.sec.gov/whistleblower
It seems above has better chances than ECDC going up! I reiterate, ECDC survival chances are 90% higher if kay quits.
$ECDC BX3, Since Kay is bluntly refusing to answer phone calls or reply emails of shareholders, I think it is best to call SEC only to understand what exactly is right or wrong with the company operating with pending license renewal. May be SEC can also advice on DTC chill etc. I think if company is trying to scam let SEC take care of it now. At least I am perfectly OK with that. Here's the link where one can submit the complaints.
https://denebleo.sec.gov/TCRExternal/index.xhtml
Good Luck!
$ECDC Ok work-n-hard. Poster RetiredAt20 poster is the only one then in that area who can visit.
$ECDC That is the very reason visiting the office personally and catching Kay on spot is important. I know RetiredAT20 and Work-n-hard posters live nearby. Hope one of them gets chance to clarify all these basic questions. It is sad Kay is not answering any of these questions on his own and keeping investors in dark. More I think of it, it is becoming apparent that Kayode needs to resign or kicked out of ECDC. Our only chance lies in Kay's last day at ECDC. Kay is acting like a stinking AH!
$ECDC Exactly. I agree.
$ECDC I think I have that last email dated back in November, 2014. I am not quite understand the "external threats" either. If he is trying to be secretive how is he going to attract new investors?
What about DTC chill & Expired Business license??
Some of the questions that needs to be addressed is already stickied.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108955582
Now that it is almost 6 months since lat email communication why the dead silence?? His claim was by new school year last year company should start generating Revenues. I don't see that happening even after 6 months (since last September). I think longs have every valid reasons to get pissed at this stage. I am sure many don't know what is going on behind the scenes? Kay owes an answer to long term holders. Its high time!
Work-n-Hard, I really appreciate your proactive attempt to visit the ECDC office in person. Yes, your next visit to the company (make it a surprise visit) to get some basic questions answered by Kay itself would be nice & very much appreciated. Yesterday, I sent my 20th email which I am sure will get unanswered (hopefully for good reason).
Good luck to you and other long holders!
FFF, He did answered emails in the past. Peace! $ECDC
$ECDC Kay owes us an answer. Kay needs to quit for $ECDC to prosper.
Such an AH!
$ECDC I am glad despite all that you have interest in ECDC
$ECDC It would have been nice if Kay write a letter addressing to shareholders just like last year, indicating what progress made and what the future business plans etc. But Kaye seems not caring to investors anymore. Not returning calls, not responding to emails. Behaving like a typical A**h**e. GL!
$ECDC Good news..Good to know. Thanks for sharing the link. However I would expect more news of revenues and profits in next month's quarterly report. GL!
$ECDC Contact Details. This is what I have.
Name:
Mr. Kayode A. Aladesuyi
Email: investorrelations@eastcoastdiversified.com
Phone: (770) 953-4184
Phone2:(866) 503-9316
Fax: (866) 503-9318
Address:
East Coast Diversified Corporation
810 Franklin Court
Suite H
Marietta, GA 30067
Call, Email, Fax, Visit to the office, do whatever everyone can. Let him know it is high time. NOW or NEVER! Let's Go team!
$ECDC All of us waiting should Bombard Kaye with the emails and phone calls. He owes us business update. If he can't let someone else take care of the company. We need update NOW! Let's do it!
Bx3,Nice to hear from you. You are right Many things seems good but not clear (including non-renewal of license). I requested Kay many time to provide the update over email (about 15+ emails so far) and that "gentleman" seems not interested in addressing shareholder requests. I too liked the business concept, it is one of the company if works we can see pennies in PPS in no time. But who knows what the future going to be? I am waiting for April results as well.
Few weeks ago, another poster "RetiredAt20" made an excellent effort to visit the company personally and get the details. But Kay was not there (Not sure Kay is busy or absconding... LOL!) Renewal of license is absolutely needed even to attract big players.
As pointed by Poster "Tonyo", I also feel Kay should quit now and let someone else manage this business efficiently. With Kay the proverb goes and fits well...i.e. One Can't teach Old Dog New Tricks..... GLTA! Keep posting... Go ECDC!
TurningPoint, Not entirely true. ECDC stills seems to have company links on following 2 schools.
http://www.logan.kyschools.us/content_page2.aspx?cid=212
http://www.chattooga.schoolfusion.us/
I won't say Scam but it is definitely a shame on kay's behalf for not keeping his promise to investors. Time will tell. GL! $ECDC
SeriousIntent, Please redefine your "Matter of time" as of 10/25/2014 to 03/05/2015 What exactly few weeks/months you meant?? Since you seems to know the business so well, and Kay always takes your call, do you mind calling the Kay again and give us the update? $ECDC
As per Seriouintent, Kaye always takes calls ECDC.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107544967
Tonyo, How about a phone talk with Kaye next time? ECDC
How many more years are talking here? 5 or 10 or 15? ECDC
have you talked to Kaye recently? What's make you think that CAYO?
Hey BX3, No news good news? Hopefully something will show up in April quarterly filing.
This means they are still in Development phase fixing bugs. Hopefully Kaye will resolve it fast.
Retired, Thanks for your effort. sadly visit was not as fruitful as you might have thought earlier. Next time visit the company without notice. You might be able to catch Kay by tail
$ECDC Huge benefit for long term share holders. 0.005-0.01 near future. GL!
$ECDC Great prospects, great value. GL!
$ECDC Big company likes the tech, big company will pay for the tech. :) Big company will takeover ECDC soon.
$ECDC has successfully deployed StudentConnect product on the Verizon Network. They have completed sales training with Verizon government sales team.
ECDC has executed licensing agreements with the following:
Neuva Tech California
Smart1st –Licensee Lebanon
InGlobs, Lebanon - Regional Marketing and Service Support Rep for Middle East Region
ECDC is in license negotiation with potential partners in Dubai, Saudi Arabia, Jordan, and Bahrain.
PRs relating to all these and more should be out soon. GL!
$ECDC stock Bids to follow soon. PPS will be moved above cents soon. GL!
$ECDC PRs will be out soon. This is not the time to miss the boat. GL!
$ECDC I think so too. Go BIG PUN! Go ECDC!!
$ECDC 2015 is the year ECDC will generate Rev and profits. GL!