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About etrade share availability
To make the record straight, Etrade, Scottrade, Fidelity, TDA, Schwab etc are ALL awaiting the clearing house.
Seems there is confusion of share count and settlement.
This usually takes 4 to 6 weeks.
They will never tell you it will be as long as a year.
Abba-Zaba !
Wailt until the review comes out from "The Nigerian Times" and "The Ethiopian Daily Chronicle"
Go ECDC ! plus D, to da moon !
"Further, prior to filing the amendment to the Certificate of Incorporation reflecting the Reverse Stock Split, we must first notify the Financial Industry Regulatory Authority (“ FINRA ”) by filing the Issuer Company Related Action Notification Form no later than ten (10) days prior to our anticipated record date of January 25, 2013 for the Reverse Stock Split. Our failure to provide such notice may constitute fraud under Section 10 of the Exchange Act."
Any one know who bought the 1 billion shares
Last week?
What is the reason?
With all this buying and the price at .0001,
with a 500 to 1 reverse split, that will bring the price up to a nickle a share.
This will certainly be more attractive to large investors.
In lieu of debt you cannot issue
shares that are not sellable!
The only person buying is ECDC to satisfy obligations. That is over 1 billion shares this month SO FAR and counting. As of Dec 19th, there were 2.9 billion issued of which was an eternity ago. So, with 1 bil bought back by ECDC, may be there is 1.9 billion outstanding.
When you agree to take the shares in lieu and you cannot sell them, a lawsuit will arise. But, since you can sell them I would guess the risk of ownership plays out.
Did anyone know that
In the United States, it is legal for a corporation to issue "watered" shares below par value. However, the purchasers of "watered" shares incur an accounting liability to the corporation for the difference between the par value and the price they paid.
The only person in this world that saw the opportunity
of winning 2 tickets to Paris, happened to live 15 minutes from ECDC.
Do you think if the winner was 4000 miles from ECDC or 3 hours away, and did not know of it through a roommate, it would be an honest win?
SCE Rule regarding Reverse splits
" thou shalt not value any existing stock at less than stated par value, nor shall any stated security of a value less than stated par value be be split either forward or reversely at a value less than stated and par value at time of issuance, and anyone claiming to do so will be punished severely and scoffed at forever"
thouest has spokened
The Servers for vir2o are possibly
Amazon Servers. Could be part of a package for Vir2o.
You forgot the most important part
it is "LATHER" rinse and repeat.
The only way to sell all the dilution is to LATHER it up real real good first.
Evertime I get close
B12 says something and it happens to catch me mid stroke, I start laughing and it seems to never get there. I thing we need a PR fluffer !
Why pay .0002 when they say you can buy it @ .0001?
You should listen to the words of the last PR, read the posts....all 50,000 of them. You should NEVER read between the lines or you might end up being a bitter but rich old man.
Great Findings on the tweet thing
Looks like it started an extreme selloff with 7 million shares.
7 million shares is about $1400 , with 521 million on the bid @.0001, that is about $50,000 on the bid, about $6,000 on the ask
There is some real money for ya !
Will Somebody please sell me 5 million shares
I would like to say I got some @ .0001
Just to add to my collection of worthless penny stocks.
One thing about the R/s
It will be based on the "par Value"
This is why a R/S is not practical with the A/S and O/S at these levels. Before a R/S can take place, somehow the O/s have to be decreased first, otherwise it will trigger a massive selloff after the R/s with unrealistic value and no buyers until the share value is reached.
When did the dog die?
"This dog is dead. The Press event was a non event. No one of any worth there. Not s single article or blog about it (Inform Africa doesn't count)"
I am so sorry for your loss.
Just what we need is a place to play checkers....
Do you think a possibility may exist here to invite a group of people for a poker game? with live video, pictures and voice over the internet?
or to go shopping live with voip?
I sure hope it does not include chat rooms discussing penny stocks
A meeting at the W before an Atlanta game?
Cmon, do you actually beleive they would put on a presentation? I would not, I would have had friends and family for a pre-game party at the expense of "shareholders"
If this was actually what it was said to be, My hat is off to the management of ECDC for pulling it off.
A PR will be issued shortly.
DTCC Chill on this stock ! Great !
The SEC and DTCC are finally cracking down on the naked short sellers. This may explain the end of day T trades.
Market Makers are still looking for
262,249,000 missing shares
Good till cancelled lasts about 60 days
DTC is good till cancelled only good for the Day.
Probably tired of people changing order quantities and dollar volumes every 2 seconds.
Yep ! Thats a large T trade !
about $13,200.00
Big Bucks !so if the $140 mill traded at avg .0003, I added it up and its $52,000.00
wow ! $52k will buy 140 million shares.
Big Money is back ! Go ECDC !hehe
Thats Great ! You saw one guy actually tweeting another guy on this.
Goe ECDC
Yesterday the shares were worth what $7.5 million?
Today the shares are worth $4.5 million
A take down to this level with only $65k
Took it down 40 percent with 1% of the stock being sold?
I guesss NO ONE thinks it is worth a penny but me.
Sell me some more.
I love the triple zeros !
Ok, Did the math.. You are right, here is why
Issued 300 million shares ( todays price .0004=$120k )
Retired debt of $135k
Took on additional debt of $67.5K convertible to stock at discount of 45% so lets say its $100k of todays price if they convert.
Yep, company is in the toilet.
Looks better than I thought ! Thanks !
If you get your shares for free, you can only get 100% of what you sell them for.
If you loan a company $100k, and agree to $150,000 worth of stock based on a price of .001 that equals 150 million shares. You sell it for .0004 or even .0003 on the open market, then if you do the math.....this equals 200 percent profit?
Oh Yes there is !!!!!
Now give me that crazy explanation of what the market makers do by routing issues.....
This is called SHORT SELLING ! or selling something that is not in inventory....happens all the time !
If this is the case, It would get very interesting if the O/S comes in less than 1 billion. Example if it came in 500 million less at an avg price of .0005, an entity could have sold back 500 million shares for $250K of which didn;t Mr. Kay hint around about a share buy back?
If the US govt had Student connect, they could have kept track of Petrayus.
Also, if they would have Vir2o, Petrayus and mistress could communicate as adults and not as teenagers
I thought all good news in 2 months, why the change?
maybe the 1.5 billion O/S
Do you have a list of stocks Asher is involved with?
percent of class...9.99%
only 1.5 billion O/S ?
Thats Correct !
Got to keep it low to buy more shares, gotta cover the borrow tomorrow.
Oh Hell ! code 380 !
flippers get ready !
get your flipper on if you dont have one. If you dont or cant flip, then just wave.
this always happens when
Someone misses the "BUS", if this is your case remember this:
"Never chase a bus or a woman because there is always another around the corner"
after reading the filing,
the part that stood out the most was..
They aquired the shares at a "DEEP DISCOUNT"
That it what they alleged.
Look ! There are no 5's and a few 6's
Anyone have a shot of level 3?
Great math ! But you forgot the other side of the equation
Use the "equal" and the "division" signs
Anyway yo look at it, Facebook is DUMB !
There has to be something better, maybe Facebook knows it? Maybe facebook LIKES IT ?