Vanwes1, to answer your question, my thoughts and feelings are exactly the same as they have always been. My thoughts are the same as when the pps was at .05 well over a year ago, when we hit a low of .0011 in Feb and floated in the teens for a couple months and allowed many to average down significantly, as well as all the pps pops and drops in between. If we drop to the 52 week low of .0011 or lower, my response will remain the same, so I'll save you the trouble of asking again. Like I mentioned countless times, I'm not the typical penny trader. I find a company which I feel has very good long term potential, buy, average way down when able, and put it on the shelf to mature. So, that means I ignore these short term fluctuations no matter how high it goes, or how low it goes, I don't care in the short or medium term of months to couple years. What I care about is where it is several years from now. We both know this is guaranteed to go back up at some point.
If you are asking my opinion of the current OS or AS, my opinion is that they are both waaaaay too low and need to be increased for what ECDC is attempting to put together. Anyone who is a long term investor in the ECDC vision should expect this to be the case. Thinking otherwise would be delusional. If you are asking my opinion of the increased AS to 2 billion today (which doesn't automatically mean OS), I still feel it is too low for the magnitude of what ECDC is trying to build with 4 huge subdivisions. Even if the entire 2 billion AS was converted to OS, 500 million OS per each company/subdivision is not enough for what they will likely need. If this was one 1 small subdivision, that may be different, although would still not be unreasonable depending on what was being built. We all have seen many other penny stocks with much higher OS and AS than 2 billion with not even a fraction of what ECDC has to show for it.
I feel bad for Kayode. He has always been honest in my communications with him, quick to respond, and I have never seen him lie about anything, or do anything that I feel is not in the best interest in the growth of ECDC which will eventually return shareholder value in the long run. People are sending him disrespectful and out of line comments and messages by Twitter and email. People expect him to fly to Russia, Kenya and all over the world for free in order to make big deals for revenue growth. Do people realize all 4 divisions of the company need to have employees to execute the business plan or incur expenses related to development without corresponding revenue? If ECDC takes on debt to develop what they are building, people complain, if they use equity people complain, if they have no growth to report (which requires money) they complain. The poor guy just can't win with most people on this board.
In regards to some of the insider converting to preferred shares has anyone considered that maybe insiders are converting to reduce the number of shares in the float for the benefit of the shareholders? Preferred shares with super voting rights is also anti-hostile against a take over, and that can be used to protect current shareholders. The insiders have the largest stake and the most to lose, so why do you guys think anything they do to hurt us in share price will not hurt them? How often or how many times have you seen any insiders sell shares? None. That would be much more of a concern to me, personally.
So, in summary in my 1 allowed post per day, my thoughts are the same as always. I remain very happy with the progress they are making, and all I see ECDC doing with the share structure should be expected and I find it completely reasonable. If fact, I personally feel it should probably be higher, and who knows, they may need to do that in the future, which I would be fine with if growth and development continues as it has. I know you've been here a long time like me, but I was sorry to see that your faith in what Kayode and ECDC is doing here has finally broken, and you don't see a good ending for shareholders. We just have different perspectives, that's all:). Good luck regardless my friend...
ECDC
