East Coast Diversified Corp (fka ECDC)

[flaflyersfan]

OCMillionare, you realize his words are the opposite of what he signed under Sarbanes Oxley?

I spoke with him months ago and he said he doesnt have to sell shares to raise funds but its one way companies do it. I told him that that's what he plans to do and he denied it saying "no, we don't have to dilute to shareholders to raise funds...we can do it through investors

Common shares issued for cash     13,188,390       13,188       156,062       -       -       169,250                                                     Common shares issued for conversion of loans payable - related party     13,005,556       13,006       86,249       -       -       99,255                                                     Common shares issued for conversion of loans payable     14,748,313       14,748       182,215       -       -       196,963                                                     Common shares issued for conversion of accrued salaries to related party     32,857,143       32,857       197,143       -       -       230,000                                                     Value of beneficial conversion feature of convertible notes payable     -       -       33,565       -       -       33,565                                                     Common shares issued for conversion of accounts payable     357,143       357       2,143       -       -       2,500                                                     Common shares issued for services     11,966,666       11,967       293,908                       305,875                          
Do the math tens of millions of shares diluted from .005 to .0007 per share while those he puts out Press Releases to attract pay .0059 to .03 per share in the open market. The above does not include the 43,000,000 shares @ .004.

Pretty soon the share price will be too low for people to accept shares as payment and there will not be enough stock to cover debt obligations which is required by the SEC. Do not forget that they owe the $1.5 million to Rogue Paper payable in April on demand.

Good luck.