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Nice Chicagodog,
Anyone have any thoughts or suggestions on what we should do, if for no other reason then to prevent others from making the same mistake we did if he takes this public?
Luc Marie,
He could have easily developed Hawk Eye via ECDC and I think we would have something. Based on what I found, it appears that he was able to get Huawei to develop the technology for him. Basically he developed the idea and Huawei created the technology.
All along we were hoping for a Verizon partnership and he took his new project to another tech company.
King-Bull,
I think it is over, the number does not work, they abandoned the office, no filings, pulled all websites. I think he tried to cover his tracks on the way out of the door.
Sorry to say, I think we are done.
King-Bull,
I did read, Hawk-Eye is the product of another company. Better yet that company is registered out Lagos, Nigeria. He is touted as the Chairman of that company. If he had any intention of making this part of ECDC then he could have had easily made the deal with Huawei as the CEO of ECDC.
IMO he did this to distance himself from this disaster. If this tech product becomes a success what are any of his creditors going to do? Take him to court in Nigeria?
I would be interested in getting Flyers take on this.
I found this article to, it puts some of the picture together, he is now listed as the Chairman of Web Assets Nigeria LTD. They are based out of Lagos. In typical Kayode style there is no website and I cannot understand what they pitched to Huawei to get them on board to develop his app.
https://mpmania.com/web-assets-huawei-launches-nigerias-first-national-crime-reporting-system-electricity-distribution-industry/
I encourage others who are more savvy then I am on a computer to continue to dig and see how much info we can get. If nothing else, I don't want see anyone else get burned by him.
I have 38 Million shares.
I don't understand how people can still be able to purchase this stock.
Talk about irony, of all people to create a crime reporting app.
Also.... This product he partnered with Huawei as they are listed as the technical partners (Harry Cui) is listed for them.
This sucks, he is laughing to the bank. I am still researching more if anyone else wants to see what you can find.
I am sorry, he has moved on. We got the shaft.
Go to his FB page and look at the pictures. ECDC's phones don't work, its website and Vir2o's site is gone and he is no longer in the building in Marietta.
The pictures show that in Nov of 2016 he was on a panel in Abuja, Nigeria for Hawk Eye media, which launched 'Hawk Eye' Mobile Security app. (below is the link to the story.)
http://www.itnewsnigeria.com.ng/2016/12/06/nigeria-gets-hawk-eye-mobile-security-app/
It appears Kayode developed this app outside of ECDC:
"Mr. Aladesuyi, explained that beyond reporting utility theft for the energy sector, the app had been developed with the potential to work with different security agencies and institutions in the country and deal with crime at all levels from kidnapping, vandalism, civil unrest, terrorism, extortion, etc.
He said: “We are always looking for better and more contemporary ways of safeguarding lives and private properties, including public utilities. The app which is a niche crime reporting app, will address the infrastructural gap in the area of emergency response system through internet-enabled mobile phones. The app also provides an alternative, fast and easy way of tackling security issues with exposure to lesser risks.”
“Hawk Eye enables officers in the field to receive dispatched incidents and option to file reports in real-time even while in remote locations. Through its unique offering of Global Announcement feature, the app allows communication with different communities on national emergencies, most wanted persons, among other emergencies. In addition, Hawk Eye provides a FindMe feature for users to notify Rapid Response units or family members in the event of kidnapping incidents,” he said."
He is listed as Chairman Web Asset Ltd and developer of the Hawk Eye App.
Take a look he has moved on with a new product and our hard earned money. Any thoughts of what can be done?
Peter,
Has Alford taken the job. I haven't to seen anything since the posting. It has been over two weeks. IMO he is not taking the position. I would think there would be a release by the company or something in some type of George Business online magazine.
That bit of information looks like a shell to show progress. If he makes 300K where is he going to find money to pay this guy in addition.
I would love for this to pull through, but things we read do not add up.
GLTA
A little skeptical about the C. Dean Alford news. Finally a name from ECDC when you google them actually shows up. But the filing only states offer agreement was sent to him. It does not say that it was signed and he is on board.
Also, there is no news at all on any news feed about him being in negotiations with ECDC, receiving an offer etc.
I hope this is not more of the mushroom factor: Keep us in the dark and feed us $H*t. GLTA
Pretty sure we have already been taken for a ride.
Don't want to misunderstand this post. Based on what you typed you are saying you called Verizon specifically about ECDC and their business despite not being authorized by ECDC to speak on their behalf.
Or
Did you speak in general business terms which means you still cannot say for sure the exact arrangements ECDC has worked out with Verizon as you weren't in the meetings.
Please clarify which is correct.
Thanks,
Old News, February 2013 left April 2013 left 14 months ago.
Here is the information that has been researched and posted in prior posts.
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=2234417-141100-164777&SessionID=i5lcFC33MvGSNd7
______________________________________________________________________________________
"(1)Kayode A. Aladesuyi, Former President, CEO and Director. Mr. Aladesuyi was the founder and had been the Company's CEO and President from its inception in May 1999 until his resignation submitted to the board of directors at a meeting held on March 25, 2003. The board of directors accepted the resignation of Mr. Aladesuyi after was first informed in March 2003 that Mr. Aladesuyi had plead guilty in United States District Court for the Northern District of Georgia/Atlanta Division to possession of fraudulently obtained securities (financial instruments). This conviction was unrelated to the Company's securities nor was it related to any public company or entity. Prior to this information being received by the Company, present management had no knowledge of this proceeding. The plea resulted in a sentence of 11 months followed by three years supervised probation. In connection with the Company's inquiry of this matter, the Company received a copy of the judgment, conviction and plea dated February 28, 2002. We understand that in connection with his guilty plea, Mr. Aladesuyi was ordered to make restitution of a total of $68,500 to five individuals.
Prior to founding PlanetLink, he founded Vision Records Atlanta, a music production company and one of the pioneers in the Atlanta music market. In 1996, Mr. Aladesuyi entered the film and television industry and started the Loud Entertainment Group. Loud Entertainment Group produced a series of regional programs, which were also aired on the UPN and WB networks including the production of the African American Soap Opera "Sweet Auburn". Loud Entertainment Group is currently managed by an independent consulting company. Until 1994, Mr. Aladesuyi had been an accountant and principal at Associated Management and Financial Services, a tax and financial planning firm. During that time he has assisted several small and mid-size business owners in starting and developing businesses in the metropolitan area of Atlanta, Georgia. Mr. Aladesuyi has not held any position in a reporting public company during the last five years."
Regarding immigration hearing (Credit PJ123 post #71450)
Unites States Immigration Judge
Hon. Charles M. Honeyman
Philadelphia
Decision:
“Clearly the goods were stolen”. (Exhibit 2, Judgment: FBI Criminal Information). However nothing in the record outlines any fraudulent action by the Respondent (Kay). Although the securities were clearly obtained through fraud, there is no indication Respondent (Kay) played any role in obtaining the securities, or that he even knew they had been procured through fraud. (Exhibit 2, Presentence Investigation Report). Further, Respondent did not plead guilty as a conspirator or as aider and abetter or an accessory to those convicted of the initial fraud. Therefore as a matter of law, the act of the other defendants cannot be attributed to Respondent (Kay). In the guilty plea Respondent stated only that he received and possessed the securities. This alone does not unequivocally establish …that his act involve an element of fraud.Respondent will be removable for aggravated felony only if the Government could show Respondent was actively involved in fraudulently obtaining the securities and there is no such evidence in the record”
Conclusion:
“Accordingly Respondents motion to terminate shall be granted and these proceeding shall be dismissed”
I am pro ECDC, he plead guilty to one count of being in possession of fraudulently obtained securities. He got 11 months and had to pay restitution.
*I have seen no proof that he did not pay the restitution. All the other charges were dismissed.
He went in front of an immigration judge who dismissed that case because he was only guilty of being in possession of the fraudulent securities and there was not indication he was in anyway involved with the actual defrauding of the securities.
So he did plead out to one count everything else was dropped.
Hope this helps
Posted on Facebook an hour ago.
https://www.facebook.com/Vir2o?fref=nf
Its not, there is competition we have posted it in the past. ECDC believes they can get enough advertising to fund the equipment needed for each bus and student involved. They will combine it with national and local advertisement.
If you ever dealt with a school administration or school committee in regards to allocating money then you see it was a great way to get into departments.
The question is can they generate enough revenue to not ever have to change the service and make a good enough profit.
ECDC!
Retired, Thanks for getting back to me.
Retired, did you have your meeting today? Anything you can share with the faithful?
Thanks,
New Promo video just released by Vir2o. It was announced on their Facebook page.
Check out and like Vir2o on Facebook.
https://www.facebook.com/Vir2o
I never said that, All I said was that investors are going to rely on their DD to make a decision. I am not saying buy or don't buy. Not my job!
I just think that hardcore investors do real research and make a decision. I never said do your DD and you will see its a great company and you will want to buy.
In my case. I did, I compared it to a lot of other companies at this level and I felt in my case its worth the risk and I can rest easy in a worst case scenario.
Do you remember this post about ECDC? It was your second post as Brandon12 back on August 21, 2012
"Have you lost your mind, IBM spends more on toilet paper than the market cap of ECDC. The website its posted on is sketchy and the quote from IBM is pulled from another statement about doing research around the world, In other words a trumped up article for hype. Besides Kay owns the IP for all these technologies so who needs ECDC if they wanted something they would want the tech. Oh but wait its not patented so who needs it"
I don't think you ever owned shares in ECDC, if you did you had them over two years ago and can't get over it or you bought in the last two years all the while being negative about ECDC.
ECDC!
Hey Sid, I respectfully disagree, only from the point of view that kids high school age are not going to need Student Connect in High School. By Junior year half the school is probably driving themselves and friends to school. The ones that take the bus know what they are doing, and what happened this morning the only thing that has a chance of preventing it is Resource officers and metal detectors at entrances.
We had major dicussions yesterday about the lawsuit in Texas as the ACLU is challenging the mandatory use of student badges with RFID Chips in them.
At this time that is not a service ECDC is offering.
Thanks,
IMO
Xander thats on the other side of Africa, according to Google, 3957.5 miles away or exactly 88 hours driving. Not sure if Nigeria and Somalia are trade partners.
Xander as long as we did not buy at the same price as you and Brandon and Devil, we don't have the same problems you do.
* I would bet they are monitoring the board and wised up and did not mention any locations. Why so people who have nothing to do with operations can call their customers all day and hound them about ECDC? That is common sense good business not to release that.
Every negative poster has the same MO. They bet on ECDC and lost. You want to spend all of eternity posting on a board that you no longer have much of an interest in. Enjoy
Lets face it, this board would S*ck if we all agreed and sat around and sang Kumbaya.
You don't have to do anything. I brought this up weeks ago, check my past posts. You did a "simple" google check, told the board every big city uses it and then comeback with Bismarck North Dakota as your example.
Then your other two examples are about a school system that uses RFID to monitor the kids throughout the day which is not even remotely close to what ECDC is offering.
Your right if you were my secretary, you would be terminated.
Yeah you do, they have it up and running and there is indication it is doing anything beyond tracking the kids getting on the bus and off the bus.
Second, that other stuff you are referring to as far as what could be done, has never been discussed in any of the CEO's letters.
The ACLU is challenging the fact that it is mandatory in the school department to wear the badge. ECDC system is voluntary so I don't think the ACLU would have a leg to stand on in a case where parents have a right to use the product or not.
For "POS" company, you sure devote a lot of your energy and time to it.
Okay 1) you insinuate I don't read the news everyday and tell me that it is in every big city and the piece of media you supply is from Bismarck, ND, population 64,751 as of 2012.
The article from San Antonio is about school departments using RFID to monitor students through out the day, has nothing to do with what ECDC is offering. (Written 2012)
The third article is about the lawsuit in Texas because a student refused to wear the badge.
The entire premise of Student Connect is make sure younger kids get on and off at the bus stop and school. High School kids don't need that since most either drive or get driven in by friends around their Junior Year.
The service that ECDC provides is voluntary. You don't want to know your kid got on the bus then don't apply for that badge.
Again, the lawsuit is about the school department making it mandatory that the student wear the badge so they can monitor them throughout the day. Not a service that ECDC is offering to provide.
Really, first off that has nothing to do with ECDC. The lawsuit is about a student refusing to wear the tag because they can be monitored.
To be honest and you would have to acknowledge it. I don't think they are going for the High School student at ECDC. I think it is for the younger students, because almost half of the High School Crowd has their license and drive themselves and friends by the junior year.
So that has nothing to do with what ECDC is trying to promote.
Also ECDC service is only to confirm a child go on the bus and off the bus and has nothing to do with monitoring them beyond the bus.
If all these companies have been around for years, why hasn't anybody heard of these companies and what areas they are currently doing business.
If there are other companies, (and I know there are) they are worse than ECDC, because at least Student Connect has gotten media coverage.
550+ members on this board, I do not recall seeing anyone posting that there is a monitoring program in their school systems. I would think there are parents on this board with kids who take the school bus.
Actually, the fact that they are using advertising to fund the program shows that they are aware of the areas of resistance from schools and parents and have removed that issue from them.
Why haven't there competitors done that?
Good point Dave, Kay is a pretty savvy businessman, he removed the biggest stumbling block when they meet with the different school departments.
Crew, that is the video from the morning show. We are listening to Greg Street live, as I mentioned he is doing a live remote for the NCAA Finals game.
He is at a Fridays for the NCAA Finals game. I have seen the ads on the boards on the website it is a rotating banner, but I would think it Fridays promotion if they are doing a live remote.
There are other companies out there, as far as we can tell they are the only one that are doing it at no cost to the parents or the school systems. They are going to do it via advertisement sales that parents get when the receive their texts.
Well Played!
Thank you Penny Planet, but as important as that is, it pales in comparison to keep track of where they are to get to them to get them safely home.
I cannot picture the service notifying a parent.... Up you child got off at the wrong stop..... Have a nice Day, See you tomorrow....
There has to be more in place to get that child safely home.
Thanks, Chicagodog
No, Somebody else had mentioned that, I said if the badge could be picked up similar to how cell phones could be tracked.
You are right in no way did ECDC ever say they were doing that. But should a kid get off at the wrong stop, I would expect once that text goes out, that particular badge is monitored until that child is where they are supposed to be.
IMO
This is going to run on Greg Street's show from 6-10pm.
I don't have an answer, I am kind of a throw everything against the wall and see what sticks kind of person.
When I started my initial DD, I liked the fact they had three different products to offer, figuring that as an investor I only needed one to take off to be in the green.
Pose that question, to ECDC, it is a great question, they have responded to any email I have sent and so far it has been OnPoint.
GL