East Coast Diversified Corp (fka ECDC)

[flaflyersfan]

Confuscious, even a mention of a share Buyback from ECDC is absurd while the company is handing out shares at a 35-55% discount to market, has over $3,000,000 in Current Liabilities, is overdrawn at the bank by $4,794, and besides the convertible notes has Amounts payable in common stock of $709,122. The last part alone at .001 is 709,122,000 shares that still need to be issued before any Buyback should be a thought.

Just like the 2 previous times, ECDC does not have enough unissued stock to cover their obligations. Another increase in Authorized Shares is coming if the company is not discussing a Reverse Split. Certainly ECDC would say nothing about a share Buyback while being required to issue hundreds of millions of new shares.

Good luck.