Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We can't buy them but look at the 10-K... The lenders were given shares at a price that were equivalent to less than the current pps at .0001.
O/S April 14 8.2 Billion
A/S 13 Billion
There is possible dilution but without increased A/S, even those shares would be sold out completely if there were a small number of average volume days. It is important to remember that all volume at No Bid is a buy so even with billions added to the o/s we would meet that number very quickly.
The company sold a large amount of shares to its lenders at less than .0001 to pay off some debt as well as to finance operations. The NO Bid is because the shares being sold are worth less than .0001. Once those shares are all sold, the bid will come back and likely at a much higher PPS. IMO
This definitely isn't where the retirement fund is kept but I like to make fun money with some gambles throughout the years. The number of hits is much higher than at the casino with the same rush when you sell for a 100-200%. A year or 2 ago turned 500 into 4500 with this stock and paid for a really nice weekend in Chicago for the wife and I.
This is another time to do that!!!!
He has the date on the photo. What is the problem with showing that a comapny is actually advertising ad not just a scam as many have been accusing. A scam would likely not be advertising their product. There is nothing in that post that says they are currently on the site...just that they are usuing the radio station to advertise.
Table games are close..LOL
This one is a pretty good bet because it actually has revenue and a product. Nice to see you on board.
That is a horrible reason to invest or not invest in a stock. People lose money everyday in stocks and others gain money. I could probably find someone who has made 30,000 in the last few weeks buying at .0001 and selling at .0003 so you losing money should tell no person what to do with their portfolio.
Not to mention that you are nearly guaranteed a 100% return on this as long as it doesn't go NO bid which over the past few weeks, it has failed to do.
They only need to get it set up with one provider. The system sends a text message to tell the parents the information. Any witreless company will suffice for an SMS message with a small add about a local company. Tracfone's send text messages for crying out loud. Not a big problem to figure out!!!
They are manufacturing and implementing a system that is free...of course liabilities are up because the product is free.
This is akin to Paypal offering free hardware to accept credit cards. They give the hardware and software to the small business in exchange for fees on the back end when they process transactions. Student connect is implementing a system where hardware and software are added for free with the idea that advertisetrs will more than make up the cost opn the backend. For now, the company incurs much cost without any revenue but in the long run they make years of money through the system.
The 10-K from my perspective
There are both positives and negatives to be taken from the 10-K.
I will go negative first:
1. 21 Million in debt
2. Revenues dropped significantly
3. Liabilities are up
4. Dilution is happening to finance operations
Now the Positives
1. Companies are still willing to finance.
2. 150,000 revnue in a year of testing and implementing
3. As of 12/31, O/S was only 2.2 billion
4. Loss was around 3 million if you figure the difference in revenue so being revenue neutral only requires the ad revenue to be 3 million. Thats pennies for what Vir2o and Student Connect could be.
Return Email from IR email address
Last week, I received a return email from the IR email at ECDC that stated they are going to offer this service to local private schools and daycares. It was implied that they woiuld offer them the ability to stay competitive for a fee based service.
I offered a suggestion that they offer the service to parents for their homes and they were excited about this. They thought it could be a way to help pay for the program in each district. It seems that they can monetize at least part of the actual RFID technology as well.
ALERT: THIS IS A SUBPENNY STOCK
You're saying that we could lose money with a stock that is this close to No Bid. I am so surprised to find this out!!!
Anyone who invests in this PPS area should expect that losing the money is an absolute possibility. I have made and lost money in many stocks in this area and expect that.
It is akin to gambling when you take a position down here. If this were on the DJIA, I would expect the company to be making money but is OTC for a reason.
There are many possible answers to this question but the real point is that for a fully reporting company at this level of PPS, revenues of 3/4 million is pretty impressive.
To throw a few answers to your questions: (haven't look at the report in a while)
1. RENT
2. LABOR COSTS
3. They pay up front to create the systems for which the company will make money. Merchandise costs for RFID system for a district is likely pretty high.
They would be a paying customer on my son's facebook account or on Vir2o. I could care less where they advertise. If it is on Vir2o that means it would be a paying advertiser. It has to start somewhere.
Thank you for clearing that up for me.
I see both points on this issue but I think it is disingenuous to expect EDDC to be a blue chip stock or to be perfect in their reporting. It is likely that many deals have been inked and rescinded over the years (I know I have definitely seen them)
However, the deals that are current are deals that we can verify. Equipment is on buses (verified by school districts, news, etc.) Apps are available on the android and apple stores. This is the first time that ECDC has had tangtible proof of its business. Makingf money should come next. Non of us can possibly know but that is why we are living in pennyland and not buying stocks at 300 dollars per share.
I am positive on ECDC but they will likely be dropped to the OTC PINK market soon because OTCBB/QB has a new rule that requires a PPS above .01 to stay on the market. Not sure when but they will have to move to PINK sdooner or later. Yes, ECDC is a full reporter but please remember that anyone that knwos this company also knwos it has a checkered ;past.
Let's be honest, this company is not a long play but can have positive growth short term and make people lots of money. Kay also has a history of diluting just after they comapny reports.
All that said, this company is 20 million in the red but can make that up in ad revenue in a year if Student Connect explodes (which it looks like is happening), so I am again goign to use this stock as a way to make money just like we all should be doing.
That makes sense...we will have to see what "any length of time" means to OTCQB. That could be anytime it drops or could be 1,2, or 5 years. Who knows?
That could change the world for many penny stock investors. So many people make a lot of their money in that arena and their will likely be no place to find these stocks anymore. Very interesting read!!!!
What service? I was literally asking this question while you were typing.
OTC has O/S at approximately 3 billion on 2/13....does anyone know the A/S?
The post I replied to called ALL of the PRs lies and that they were unproven. That is a lie!!!!
There were PRs regarding school districts that newscasts specifically back up. There have been posts here of conversations with school boards confirming their participation so saying that ALL PRs are unproven is in fact a bald faced LIE!!!
I didn't say all negative posts were lies but some are lies due to past relationships with this company
It does not...and Doesn't need to.
Helicopter parents want to do anything to get information when they cant be with their kids. Parents will feel safer knowing their children are tagged...simple as that!!!
Are you missing the youtube videos? The Arkansas television station, the south Carolina school and state DOE...What part of any of that was unproven?
I get that there is some fluff that is unproven but I can't remember the last time a newscast ran a story that was blatantly untrue using members of the school district. The only ;ies here seem to be coming from the posts of those who have been hurt in the past by the company.
I am one of those but I understand that this is business.
How do you explain the newscasts and District personnel confirming the relationships?
If they are faking all of that then I want to hire them to a movie crew (quickly)....
Look I agree that the PRs are likely underwhelming but they are moving in the right direction. There are now districts in many southern states that have this technology and it will spread as the Helicopter parents win out more and more in our society.
This is what I would expect from a startup which this company happens to be. The technology took way too long to get set up but now that it is, they are rolling out as fast as they can. If this were a long standing company, I would feel like this is slow but it seems that every couple weeks to a month we are hearing about another district implementing. I think that's pretty good for a company without much cash flow.
It will be great for anyone who sticks around long enough to see the ad revenues come in.
The other thought is that once they prove this technology with the schools, then there are thousands of applications. Corrections officers could use it to track offender movement, for example. This technology is already used to track shipping containers and oil through Earthsearch.
Companies like Disney have gone to RFID completely in their parks so it is not a far cry to start putting ticket info on cards for season ticket holders rather than printing hundreds of tickets for them. Just a few quick thoughts!!!!
Agree completely and these companies would likely pay big money to ensure they have the same safety measures that the school is offering to the kids. Kay should be hitting every daycare that services these school districts with offers while they are already in the area setting up the districts' buses
Hello Everyone!!
I have owned many shares of ECDC for a very long time. Before and after R/S. This company has promise and I have always thought this (even through the r/s).
I just had a thought and will likely send this to Kay. Another money maker may be to offer this technology to parents for their homes and to daycares, in the areas of the schools that are rolling this out. Many parents would likely pay for this system to be put on their door at home so the child could check in at the house or daycare. This allows for the actual technology to make some money as well as the advertising on the app.
Just a thought. Excited for a return to the pennies and beyond. Lets get this thing moving!!!!
That's easy there are 6 billion shares authorized and at least 2 billion outstaning. When this thing was trading near .01 and popping above it, there were around 500 million so 4 times the shares means pps goes way down.
You are right!!!! and You have always been right on this board!!!! Keep up the good work.
Hasve you looked at the site? This company has just taken another step downward.
You know I have been in for a long time and have taken time away from posting but this hire is ridiculous. Reading through her blog I see a post with a picture of a huge blow up penis, Political rambling, swearing, and stories chronicling her excessives alcohol binges. I don't know how she is professionally but this blog has to come down now if this company wants any credibility. Gotta love that a potential customer can look her up and find pictures of blow up penises and a bunch of other extremely unprofessional comments.
If this were her personal facebook page only open to her friends that would be fine but an open blog to the world...not!!!!
No one is saying he is paid by Rogue Paper or that he is on the boatrd of directors. However, Rogue Paper, does have Dick Costolo on their board of advisors. If you look at RP's twitter feed Stephanie Boyle was actually working at the Twitter HQ in February for a couple days. There is a connection between these companies. If you do not believe this, please contact the SEC because the company hasd been lying to us since the purchase.
A/O 10K RELEASED APRIL 16
O/S 447 MILLION
A/S 1 BILLION
LAST WEEK 49 MILLION SHARE AGREEMENT WITH IRON RIDGE
SO BEST GUESS....
O/S IS AROUND 500 MILLION
There has been POSITIVE dilution. I don't think anyone can disagree with what you are saying. My point to that is to me, it doesn't matter as long as I can see the need for share issuance. There was a need in Q1 to finance business operations. After all, orders only pay for themselves after they are produced. Production costs money thus the need for positive dilution.
The deal with Iron Ridge was a phenomanal deal for cash flow of the business. IMO dilution after this will not be needed becasue there will be cash to pay for operations of the business available to spend. So we are likely sitting at O/S of around 500 Million and I will email Kay to get a better idea of the current share structure. He has not lied thus far so I believe he will give us insight into the current state. When I receive a reply I will offer it to all of you.
It seems that many people on this board want this company to be fortune 500 yesterday when it is simply isn't. The company just does not have millions sitting in the bank to finance changes to their business. The reason a small company like ECDC goes public is to utilize shareholders as a means of financing. It is up to each shareholder to decide whether that financing is acceptable or unacceptable.
Now if I saw evidence that these shares issued were being used to enhance the CEOs personal life (as many penny stock CEOs have done in the past), I would be livid and posting it everywhere I could. The evidence, however, suggests that every penny that comes in from this financing is being used to finance business operations that will in the near future allow the company to show its first quarterly and yearly profits...IMO
Why is that funny? ECDC is a company that should be valued well above this spot and it is not funny that people can manipulate the stock like this. A company on track to 2.5 million in revenues in one year that has cut its liabilities and one subsidiary is valued (independently) at over 1.5 million but hey the flippers keep getting their money. Not funny that a company's worth gets screwed because of it though.
The current PPS has the entire company worth only 3 million....that is simply ridiculous.
The company got hit hard by the economy and back then they had one subsiidary that sold only GPS with no RFID.
2010 was a copmplete rebuilding year...New product development....
2011 saw the purchase of 2 subsidiaries...Wetwinds( formerly known as anotefor) and Rogue Paper. Wetwinds has yet to launch but is a social media site and Rogue paper makes APP platforms for 2nd screen media (interaction with the show while watching)with current clients MTV and VH1. Revenues were substantially lower in 2010 then jumped in 2011 and now have skyrocketed in Q1 2012.
According to the Statistics there are 3 times the amount of users on Android than on iphone. I could see the APP having 3 Millon users by end of year.
Last week that pattern was between .004 and .005 and look where we are now. This is going up and I believe that is today. we saw .01 yesterday on much less volume.