Why is ECDC’S stock pps going down? Penny stocks are very volatile. The can go up for no apparent reason and they can go down for no apparent reason as well. There are some who think the pps for ECDC should never go back down after it has gone up. If anyone really believes that about a Penny stock then I recommend with respect that they should not invest in penny stocks. Penny stocks are not like the stocks in the general market. Penny stocks can go down at a whim–even when there is a good news like a $5M deal from Russia. It is the nature of Penny stocks to be volatile. If you can handle that fact, you can make lots of money from Penny stocks. Since I have been investing in ECDC, I have seen the stock go up almost to .01 one time then again to over .01 and both times it went back down to .0017! or there about. That is way Penny stocks behave. Only a special kind of investor should play in the Penny stock market.
Second, ECDC’s pps did not go down because of Ironridge. This is total error. The deal with Ironridge was announced on April 20th, 2012. On April 20th, ECDC closed at .0035. On April 30th the stock closed at .0095. Do the math!! The stock went up after the Ironridge deal by 271%. Look at the chart if you don’t believe me. In addition, on May 16, 2012, ECDC closed at .006. That is 171% higher than the April 20th price. Thus, for almost one month ECDC pps was higher than the day ECDC signed on with Ironridge. These people who attack the Ironridge deal are very much mistaken. ECDC benefited from Ironridge a lot.
Why is Ironridge is a good deal for ECDC? because they are in the same boat with us. Notice they cannot sell their Series B Preferred Stock until ECDC’s pps is higher than 285%. No creditor would ever agree to do that unless he/she is very confident that ECDC will hit pay dirt. The stock will go substantially higher this year. (.03 to .05 is a decent estimate) I don’t know when it will go up a lot but it will happen. No doubt there are conspiracy theorist who will claim that Ironridge will make their money some other way and damage ECDC in the process. Those who have that view cannot be persuaded by anything–much less the facts. Here is what Kayode said about the deal with Ironridge:
"Ironridge is demonstrating confidence in our business plan and the direction of the operation, its decision and agreement to convert at a significantly higher PPS than current market price is indicative of this, but more importantly, is that we can now accelerate the development of our social media division 'WetWinds' and other projects we are working on."
IF YOU WANT TO KNOW WHERE ECDC IS GOING IN 2012, JUST LOOK AT THE FOLLOWING DEALS KAYODE OUR CEO MADE THIS YEAR ALONE!!!!
Company Releases for East Coast Diversified Corp.
. Tuesday, May 29, 2012
. EarthSearch Enters a $5 Million+ Multi-Year Master Distributor Agreement with Komtelecom, Russia PR Newswire
08:27 AM ET
. Monday, May 14, 2012
. Security Group Africa (SGA) Joins EarthSearch Partner Network With a $500k Annual Purchase Commitment Marketwire
10:43 AM ET
. Monday, Apr 23, 2012
. Ironridge Technology Enters into $2.5 Million in Equity Financings with East Coast Diversified Corporation PR Newswire
09:00 AM ET
. Wednesday, Apr 18, 2012
. East Coast Diversified Announces Strong Revenue Growth for 2012 PR Newswire
12:23 PM ET
. Thursday, Apr 12, 2012
. The Universe WatchList: STVF (Stevia First), SNPK (Sunpeaks Ventures), LFVN (Lifevantage), MSTG (Mustang Alliances), CBIS (Cannabis Science), ECDC (East Coast Diversified) Marketwire
10:02 AM ET
. Thursday, Mar 08, 2012
. EarthSearch Executes $1 Million Master Distributor Agreement with Asonics Live Interlink LTD Kenya
Incredibly, there are some people who believe that none of these deals exists and that our CEO made it all up. People who think like that cannot be persuaded by anything period.
I believe I am going to make a ton of money this year in ECDC. I hope you will too my friend. Good luck.
AI
