Friday, October 26, 2018 11:15:46 AM
The current "float" is 733,426 but the outstanding shares were increased by 50 million for the following reason:
Investor Opportunities
Investment Opportunities
ECRID (ECDD) is selling 50,000,000 Common Shares @ .15 cents a share in a 506 C Reg D Offering to only accredited investors to raise $7,500,000 to grow and expand its business:
Use Proceeds $7,500,000
(1) Operational Expenses $3,500,000
(2) Marketing $4,000,000
To read more about 506 Reg D Offering check this out.
https://www.sec.gov/fast-answers/answers-rule506htm.html
It sounds like if/when he finds his investors he has to file a form D with the SEC. So I imagine, other than the quarterly updates, this will be the next form we see filed. This will show the 50 million restricted shares along with who invested, etc.
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