From the Aug 20 release. Don't bury your head in the sand. Long term I don't disagree with you but till these are cleared its going to be tough to fly.

Issuance of Stock through Period Ended June 30, 2015: On May 14, 2015, we issued 356,000,000 shares of common stock to a shareholder at a rate of $0.0001, pursuant to Notices of Conversion related to existing Promissory Notes with Company. The shares were issued pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933. On May 14, 2015, we issued 400,000,000 shares of common stock to a shareholder at a rate of $0.00002, pursuant to Notices of Conversion related to existing Promissory Notes with Company. The shares were issued pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933. On June 24, 2014, we issued 1,000,000,000 common shares at a rate of $.00002 to several shareholders, pursuant to Notices of Conversion related to existing Promissory Notes with the Company. The shares were issued pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933.

Legal I can't pm look on otcmarkets.com it's there.

Legal - he is 100% correct its in black and white in the filings. How else are several hundred millions shares changing hands on the back of PR's with zero increase in price. These individuals are holding discounted shares and selling at 0.0002 for a 1000% profit. There are over 2.5 billion shares issued at significant discount to current price. Until hose are cleared out there is little hope of any price jump. Going forward if they clear these discounted shares (ie they are sold for ridiculous profit at 0002 or 0003 for the toxic financiers) AND they don't do it again, then there is hope. But until their cashflow position improves I don't know how they will raise funds.

Some interesting - but small - activity last couple of sessions. Bid moved up which is nice. Has anyone been in contact with the company at all - is there any hope of movement in the near future?

Whaaaaat? Activity?

They said they won't change the share structure - this doesn't change the share structure but I bet they were discounted shares.

I have waited up to 8 weeks in the past - there's no rule - at least in the meantime the price remains stable.

Some signs of life. There had been a published buy back of shares up to two years ago - given volume maybe we are spluttering back into life coming up to FY filing season.

Dec 17.

@Vir2o: @squirrelsocial #Vir2o is a new social media engagement platform launching its beta Dec. 17!

My opinion is that they re waiting the statutory period to restate filings rather than try officially explain the mysterious Jamaica land issue.

The s1a amends the original registration document filed in June Last year to effectively delay its implementation. The registration was never completed and probably won't be as iron ridge is in the mix now.

Correct - its a popularity contest until uplisting happens.

Guys, did I miss something?????

http://www.elraygaming.com/golden-matrix-binary.html

There is a HUGE difference between then and now. In business terms, in fundamentals, in growth, in diversification. Also note south ridge financing was NEVER completed, they cannot put shares under that agreement. Iron ridge is the replacement financing not additional.

The situation is completely different, and to claim its not changed us just plain ridiculous.

Where does it state that? I may have missed it.

Sorry to clarify, you sold stock to buy others and then sold the other stock/s before the sale of the original shares has settled. Someone said it more eloquently than me earlier.

Or you sold and used proceeds to buy other stock before the official closing of the sell trade. Sorry!

Interesting - Nigeria's Oil Thieves

http://www.reuters.com/news/pictures/slideshow?articleId=USRTR325GL

How do out know they are still working on it?

Whereas you my friend are taking an ordinary looking animal and stuffing it into a pig outfit.

Don - wrong. The court action is the sec approved way to handle unsettled claims and loans in default. Iron ridge assumed the debt as part of a court approved ex parte agreement (iron ridge driven). This is simply how it works. No cause for alarm and/or worry. Prior to the action ecdc had loans in default and loans payable, now they have less and have funded nearly 500k of goods required for major projects.
IMO

I think the stock is worth 0.10 simply based on the size of the ceo's nuts. Rotflmao!

Based on listing requirements this is a steal at these prices. Risk it may never happen but If it does and you buy now you have between a 5-10 nagger easily.

From elraygaming.com

The companies net profits are around 35 million us dollars per annum and has a wagering turnover of 300 million us dollars per month.

holy crap.

It absolutely would have read differently, but the net effect is the same. We knew there were a number of loans in default for a long period of time and individually they were not material (well maybe one of them was). I think individually they were all in some stage of a settlement claim. The actions started on march 23rd, and concluded on April 20th through an ex parte application brought by IronRidge who assumed and settled the debt.

So the agreement was struck, and iron ridge brought the motions. The stipulation for settlement was agreed and the case was dismissed through proactive (finally) action by the company. Net effect - they have paid down some loans that were in default... lets hope the 10Q shows some of that, but you never know.

Agreed.

Just for clarity he is referring to total asset position from 2010 (239k) to 2011 (2.2 mill).

Pretty awesome I would say. Sweet.

Thank you - I was just typing that up. But you said it much better and without the cuss words!! :)

Yes it does. Play all you like - there are huge spikes coming IMO.

Beautiful chart and nice annotations - thank you!

$ECDC blowing up on twitter.

Yes - I am agreeing with you that what finra reports daily is short sale volume. It does NOT report open short positions. Short interest gives us an idea of what short sales remain uncovered and for ecdc it seems to run between 1 - 10 % of average daily volume. I agree there is tons of shorting going on but I think it's intra day shorting for the large part.

FYI i can short sell ecdc from my phone if I want. The limiting factor is if etrade will accept the order and can satisfy the locate requirement.

And of course the risk associated with shorting a sub penny. IMHO the risk is equal to going long in a sub penny... Neither are for the feint of heart.

FFF I can't PM.

From Nasdaq.com and any other exchange or online financial definition site you want to look at.

Short Interest
"The total number of shares of a security that have been sold short by customers and securities firms THAT HAVE NOT BEEN REPURCHASED to settle outstanding short positions in the market; the net short positions outstanding in the stock as of the settlement date."

So - short interest is not short volume. It is a statement of uncovered short shares at a point in time. The fact it is issued twice monthly makes it a sentiment indicator and nothing more. And in ecdc case it shows up 93% from the previous period.

I agree with you that cjstocksup's assertion that there are millions of shorts uncovered and a pending short squeeze of mammoth proportions is nearly upon us is a fairy tale.

Short volume is reported daily from trades on the tape with the short sake indicator flagged. It is regsho. In all likely hood they are 99% covered in the same day. That fact IS supported by the short interest figure, bring as low as it is. But they ARE different things. you are quoting short interest, she/he is quoting volume, both of you are not being fair in your representation of factual numbers.

FFF, short interest does not reflect the number of shares shorted over a period of time, or total aggregate short volume. You are not uneducated why do you persist with this?

It only shows uncovered short positions, point in time. Period. It is a sentiment indicator.

Short volume and short interest are two different things. You know this.

I agree and they are filing which is good. A little concerned at the lack of progress but I am holding for something. No point in dumping now when there are irons in the fire. I will be very interested in seein how they secure the 10 mill line without raising the AS, the pps would need to take a big jump. Which I add I wouldn't mind seeing.

What's happening with crazy j apps - I keep checking in an the site doesn't seem to change and there is no progress.

Precisely, nicely said. Point out the good the bad and the ugly, the potential and the risks. With ecdc there is plenty of all the above. Everything in moderation, including moderation! There is space for all.

Becasise you wont look it up yourself..... Here you go.

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=T%252fWqZKo7woEycAVd7fW08w%253d%253d&CorpName=EAST+COAST+DIVERSIFIED+CORPORATION

I am on the road check nevada SOS.