My Conversation With Kayode. On Friday, September 21st, around 2:00 p.m., I left my name and phone number with the Operator at ECDC. I told the Operator I wanted to discuss the Proxy that ECDC had just issued. I told her that I was an investor in the company. At 4:45 p.m. West Coast time (I live on the West Coast.) or 7:45 p.m. East Coast time, the CEO of ECDC, Kayode called me. We spoke for about 35 to 40 minutes.
Early on in the conversation I made it clear to him that I was very bullish on ECDC and its future. I also told him that I was “elleryqueen” at iHUB. To my surprise, he knew who elleryqueen was. He said he had read a number of my posts. He thanked me for my support and he wanted it to be known that he appreciates the support of all the investors at ECDC. He said he is aware of some of the critical comments being made at iHUB about him and the company. He said he wants us to know that he is working very hard to make the company a success. He indicated that ECDC will be a success and that we as investors will be rewarded. He said we can expect a “ride of the lifetime” for our investment in ECDC.
As an attorney, one of the services I provided was to help many small to medium size businesses that were in trouble–to help them get back on their feet. (I graduated from the Georgetown Law School in Washington, D.C.). Thus, as a lawyer I was very interested in getting a feel for Kayode as a CEO. I must say that I was very impressed. It became quickly apparent to me that his knowledge of business is very deep and broad. He not only knows the American market but has a lot of experience in international commerce as well. He shared in confidence with me some of his past experiences in the corporate world. I can truthfully say that I would grade Kayode “AAA” as a CEO. There is no question in my mind that he knows exactly where he is leading ECDC.
I asked about the “dilution” that is occurring at ECDC. I pointed out that we just went from 984M shares of Common Stock to over 1.5B shares. Plus, more shares are coming via the Proxy. He said he does not believe what is happening now to the Common Stock is “dilution.” He has a different view of the current selling of ECDC’s Common Stock. In any case, the selling of ECDC Common Stock will end soon. It may continue for a few weeks more, possibly to November. The good news is what is going to happen in October 2012.
Kayode shared in confidence with me some of the things that are on burner for ECDC in the near term. I am very excited about what he had to say. He also said we should expect several Press Releases in October that will concern all four divisions of the company. These developments will have a favorable impact on ECDC’s pps. October will be a much better month for us as investors. He indicated that as the stock price goes up in October, the less numbers of Common Stock shares that will need to be sold. In addition, he said that there is a possibility that he will do a buy back of the Common Stock to support the pps.
Based on my conversation with our CEO, I conclude the following:
That by the end of the year or thereabouts, all four divisions of ECDC will be on board, up and running and making money for the company. Corporate revenue will greatly increase in the next quarter. What Kayode said about Vir20 was just incredible. I did not understand all of it but I liked what he had to say.
The current pps of ECDC Common Stock is definitely temporary. As you know from my past posts, I have said that many times the pps for a penny stock is the least accurate measure of a company’s value. That other factors are more relevant such as a company’s potential, the skill of management and its employees, etc. My comments are more true for ECDC than any penny stock I have ever invested in. The current pps for ECDC is a steal.
My strategy will be to maintain my pro rata share of ECDC Common Stock during the next few weeks.
For those who emotionally are having a hard time with ECDC right now, I recommend that you just not watch the stock. Just leave it alone. You will win! But you must be patient.
There is no question in my mind what is going to happen to the stock and to ECDC as a company this year. We are close, very close to hitting pay dirt. 2012 will end for us as a good year, a very good year. Good luck my friends.
AI
