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$ECDC I didn't called Kaye. Please read below
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From Latest 10-Q
Our objective is to secure as many schools as we can through the end of the current school year and the summer break to generate revenue for the 2015 school year.
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That means until 2015 Aug/Sep we are stuck. I think when 2015 Aug comes Kaye will make it 2016. I won't be surprised ....
$ECDC If that is true then this stock will die soon because now Kaye is saying end of school year they will have "something" (can't recall what it is in 10Q) to deliver. Last year they said the same thing & delivered nothing. They blame it on DTC Chill for everything. That means until Aug/Sep 2015 this stock if alive will be at 0.001 only. Duh!
$ECDC BX3, My thoughts exactly! Kaye only promises but delivers nothing, otherwise PPS would have been well over in penny land by now. Every quarter same story, "we will deliver in next quarter". It is like the person who you have loaned telling you each day "come back tomorrow for collection" and that tomorrow never comes (its been over five years now). Also every time new stories.
Forget PRs, profit and revenue garbage talks, I think this company has to yet prove it is NOT A SCAM.Duh!
$ECDC So am I. Also how can Kaye run business with expired license?
$ECDC 5 Million shares traded yesterday despite DTC Chill. Never saw anything like that before. What does your broker say?
$ECDC Where you read about Chill in 10Q?
$ECDC Is that 5 business days? May be it will be out this Friday.
$ECDC Looks like DTC Chill is on for 10Q also
Johnny, $ECDC Honestly there is no direct answer your question. But I will try to address it. I think it started with the recent statement from CEO about DTC chill. Company says due to DTC chill there is not much trading going on. We all know by now it is not true. I verified with 4 different brokers & there is no DTC chill of any kind on this stock. Also company's business license is expired and I am not getting any straight answers regarding that. Kaye was supposed to address shareholders queries and meeting in the fall as per his 6 months back email, which never happened. Company is not delivering any PRs/news about its products and postpones it saying "we are very near to achieve our goals", a standard answer every time you email them for past 6-8 months or so. I think at this point ECDC is way overdue to deliver its promises & this stock should be trading in pennies and I will change my heart again
I am an optimist but not a fool I would love Kaye prove me wrong and this stock start trading much higher where it actually deserves to be. May be company has to come up with different management team or some kind a serious change which actually understands shareholders pain.
$ECDC Would love to see what you are claiming to come to reality.
Now that I took out my rosy glasses out, could you please explain exactly the 'real facts' supporting your predictions?
Rua, $ECDC Thanks for sharing that mid-october "big news" promise from Kaye. We are in November now. if you still have that email sent from Kaye, would you please ask him where is that Mid-October Big news??
GL!
$ECDC I find it also weird that business license is not renewed. But it did not got rewoked either I believe. I would say write to IR and see how they like to explain it. IMO
I agree, Thank you for sharing your views.
Bx3, CEO letter was out on yahoo on 24th Feb, 2014. Please see link below:
http://finance.yahoo.com/news/east-coast-diversified-addresses-shareholders-140000184.html
I am not sure but Atlanta boy you are talking might be 'RetiredAT20'. He did mentioned he will visit company by Mid October in his last message. but he was busy with his exams as well. Still have to hear more from him.
I just wished CEO at this time come up with some definite timeframe of successful product delivery and revenue info. It is really frustrating.
$ECDC I heard that before. Anything new you want to contribute?
>>>However, this company have a few products that could easily worth big bucks
It is time to attach date and time for this to happen. ECDC
BX3,
Link of the ECDC CEO letter
http://www.eastcoastdiversified.com/ceo-letter-1.html
If you have talked to him earlier why not talk again and ask what is going on?
ECDC believe or just a wish? ECDC not providing any info for months now.
$ECDC There is nothing left in the stock. It is a mistake some buyer forget to put extra zero, most likely he put 0.001 instead of 0.0001. That someone can be someone from ECDC itself. I am not surprised any more. First they say there is DTC chill and now trying other mind games. The company's licence is also expired. I think all action is attract more new investors so he can dilute the stock to death. Duh!
Day by Day nothing seems to be good about ECDC. All news will be available in "future" which is never coming. License is expired, DTC chill in place (as per IR aka Kay) & No PRs. Basically SEC has stopped this company to dilute further. Looks like there won't be new investors who will be buying this. Mere 1.8 million shares trading at 0.0001 seems like an error. Duh!
All is good but stock has stopped trading. No new investors are showing interest and CEO says there is DTC chill. How these factors can move stock from 0.0001? Company license is expired long back. No official business update for many months now. ECDC seems to be in deep trouble.
ECDC has no DTC chill of any kind:
When DTC chills or freezes a security, it will issue a "Participant Notice" to its participants. These notices are publicly available on DTC’s website. When securities are frozen, DTC also provides optional automated notifications to its participants. These processes provide participants the ability to update their systems to automatically block future trading of affected securities, in addition to alerting participant compliance departments. DTC has information regarding these processes on its website.
Many new/existing shareholders can still buy ECDC stocks. So clearly Kay should stop fooling around and concentrate on business (if there is any)
I have done business with US government but not with Nigerian government. Yeah, I see the difference how they work. USA is very fast and i thought ECDC is based in USA. My mistake!
Thank you for verifying that NY! ECDC wants another 20 to 50 years to release next PR it seems.
$ECDC I got it. It will take another 50 years! Duh!
Strangely for last 2 years there was no mention of DTC Chill on ECDC that was made aware to its investors. Why mention it now I wonder?
I say he needs to act faster. Spin-off units, put PRs whatever it takes do it fast and let the stock starting trading "normal". If products are real like he claims then nothing to fear. Just make it happen and stop saying it will take months/weeks etc. We need results NOW.
I think Kay needs to sit and give it a "serious" thought why investors start getting p!s**d?
>>>>I am only passing info given don't see why the company will make such a false claim.
Please....I am sure you know very well why company ECDC is making such a false claim
I verified this cr** with brokers. It is not true. ECDC
I already got answer about my question about DTC chill from ECDC IR and I don't agree about DTC chill they are talking about. You can not have DTC chill on only certain investors. That is why I verified it with different brokers and found that there is no such Chill on this company. I am also trying to verify it from other investors on this forum. Got it?
Also stop saying company will "soon" release PRs. I think after so many years we need to know when that "soon" going to be in terms of days or months. I think it is high time company start release its progress made on business front and start attracting new investors.
It is high time to "walk the talk".
Good luck!
>>It's success is a matter of time
How many weeks, months or years more?
You mentioned last week you will call DTC to find out more. What are your findings?
When ECDC going to renew its business licence?
Go ECDC!
Yeah sure. It does not apply to ECDC though.
$ECDC That is very common in OTC world. By November 20 it should be out.
$ECDC new financial report will be out next month.
$ECDC I think it is high time all these 'good events' start reflecting on stock's PPS.I don't understand this DTC chill issue at all. I verified at least 3-4 diff sources & all came negative on Chill. I think its time company start delivering 'good' news soon. Yeah do let us know your findings too.
$ECDC I think you should ask these questions to IR and post their feedback here.
$ECDC my broker says no DTC chill of any kind. they should have known otherwise. Did you checked with yours?
ECDC questions to IR:
1) How long will it take to spin-off businesses?
2) What is the impact on current shareholders?
3) Who are the private investors currently funding the company?
$ECDC Approximately what is the time frame for all these events to take place?
Hey RetiredAT20, Are you planning to go there? $ECDC
$ECDC That is absolutely right.