East Coast Diversified Corp (fka ECDC)

[jomama454]

Trading common stock for preferred stock.

Look at the last SEC Filing and read it.

I would guess there are about 500 million or less issued shares and perhaps 200 million in actual float by now.

Was 950 million issued of 2 billion authorized. Trading debt for common shares then swapping for preffered shares then cancelling out common shares.

Then the trick would be getting the common shares outstanding around 100 million,the share price will fly when the news of this hits , then PPS should be $2 easy and then issuing common shares in exchange for preffered shares so debt holders can sell on open market.

Better than a reverse split and takes care of all the problems with too many shares.