East Coast Diversified Corp (fka ECDC)

[sharky]

From a good friend of mine, that can't post on the board:

I think most inexperienced investors in Penny Stocks would consider this 10Q by ECDC to be a bad one. I am not surprised by the pps at all. In any case this is temporary. What is missing from this 10Q is any kind of statement about future customers, management’s optimism and things like that. Kay is bullish on ECDC but the statements are hid a little bit. On page Kay did include a very important sentence that many investors may have missed and that is rarely stated in a 10Q. On page 7 Kay said:

“The Company’’s development of GPS devices embedded with RFID modules represents its core technology and products. The Company has licensed various patents relating to the technology used in the Company’’s products and has commenced sales and commercialization of the technology which the Company expects will result in revenue that will allow the Company to sustain its current operation and get to a profitable status.”

You rarely read that kind of statement in a 10Q. Here the CEO is telling us in writing how the company will become PROFITABLE. That is almost never done in Penny Stock land. That paragraph is extremely bullish.

Again on page 8, Kay makes another bullish statement which I have never seen before in a 10Q:

“Management believes that actions presently being taken to obtain additional funding and implement its strategic plans will afford the Company the opportunity to continue as a going concern.”

New Investors in ECDC and Penny Stocks read my post Number 34490 to understand ECDC’s balance sheet. Good luck.