East Coast Diversified Corp (fka ECDC)

[moneyneedsme]

I agree on the opinion that ECDC is a scam.

Let's take our mind back a few, historically:

1. Vir2o's press event in Atlanta on November 29 was attended only by Kay's colleagues, friends, some family members, Meredith's friends/colleagues, and other friends/colleagues of ECDC staff. All together there were no more than 15 people at the event. Let's face it - it was ludicrous. (See photos here: https://www.facebook.com/media/set/?set=a.423892151017455.100746.374472389292765&type=3) They took over 100 photos of 15 people repetitively, with hopes of making it seem like a big event.

2. The Vir2o trip to Paris promotion was a complete scam. Many of us here agreed on that after evaluating the evidence on Facebook and the bogus winner's FB profile/photos. How could a room mate of one of ECDC employee win a company promotion? Once again, the company misled investors and participants of the promo.

3. Vir2o had multiple failed beta launch, and postponed launch several times. What a joke.

4. They claimed several times in PR's and company website that Vir2o was in development for over a year and it will redefine social networking on the web, hence their claim of "proprietary technology". Many of us thought it would be exciting, but now we've seen the supposedly "game changing" social network and it looks like something a two year old slapped together overnight. What do you call that again? SCAM!

5. Everything on Vir2o is a 3rd party application. It runs on Joomla (JomSocial), uses web fonts from Fonts.com, and cheap plugins from Jomsocial marketplace. Note that the company increased authorized shares to several billions, diluted, diluted and diluted the crap out of the stock, but lied to investors the money was needed to build a "proprietary vir2o" that will redefine social engagement on the web. From the massive dilutions, ECDC's Kayode must've raised way over $300,000; but many here thought the company was building Vir2o from scratch - which is normally expensive; but what did we get in the end? A Joomla website!

(Back in September 2012 or thereabout, ECDC increased number of authorized shares of Common Stock from two billion to six billion shares.) Authorized shares is still at 6 Billion till date even after the recent reverse split.

6. Above all, nothing works. It is all a joke, and now they are paying promoters to hype the stock while they continue to dump millions on shares on new investors. And today, the company is reporting they have $0 at hand with lots of debts.

This is just about Vir2o alone, didn't even include RoguePaper, Student connect, or Earth Search in this. The company also used the fake acquisition of Rogue Paper to pump up the stock a while back and never paid for the company - and have now parted ways.

Rogue Paper alone, which is owned by just two strategic business women, is better than all of ECDC combined.

New investors buying this POS stock should only do so if they truly know how to strategically play the penny stock market well. Anyone buying with hopes of long-term growth will regret doing so. All in my opinion of course. New investors BEWARE! ECDC is definitely a SCAM and won't be here for long IMO.

I was patient long enough with this company (it's been over 2 years), but I've now concluded the company is a total rip off. Even the company's CEO "Kayode" hides his face on all social media websites including Facebook and Twitter. Only a crook does that!