I deal in facts, no bogus information….. No emotional comments.
Fact 1: Kay developed wireless communication between GPS and RFID, he assigned all rights to the company and gets a 8% royalty. Not unusual and quite normal
Fact 2: Company uses same technology to build StudentConnect
Fact3: ECDC was not in the social media business, Kay created a social media platform (no conflict of interest as ECDC was not then in social media business)then sold 51% of the social media platform to ECDC for development fees only.( I think long term it is a good deal for shareholders).
It’s all in the SEC filings no insider information here. Read the reports. Can someone tell us how Kay owns everything. All you have to do is look at the patent filings for Facebook. Mark Z owns everything, 100%. Let’s get facts on the table. Kay assigned all to ECDC. there is nothing unusual in any of his transaction with the company.
Someone said ECDC owns nothing, really? Since we are in the cyber age I think we would all agree, most company’s assets are intellectual in nature and web property. So let’s look at the assets built in last 3.5 years that we are all so impatient and angry about:
www.earthSearch.us - EarthSearch
www.global.earthsearch.us/gatis EarthSearch logistic business
www.global.earthsearch.us./gatis/caras -Custom Operation www.global,earhsearch.us/gatis/schconnect StudentConnect - School transportation System
www.vir2o.com – Social Media
www.scaap-ad.com – Advertisement platform
Vir2o Mobile apps, iOS, Android, BB
Now I will imagine someone stealing money will not be spending the money stolen to do all this work will he? We have seen Vir2o, good or bad it was built we have seen the apps good or bad, we have seen StudentConnect on TV, good or bad. Maybe that’s why the SEC have generally ignored the empty noises.
One quick note Joomla is just a framework with specific coding pattern, it is not a code, to build Vir2o, Kay had to develop codes in Joomla coding pattern educate yourself before posting wrong information.
VanWes since you have met Kay, seems you have been to Corporate offices, did he have employees, did you see an operation , offices, was it in his house or office park tell us more. You are the only one that have that information yet you come here and say it is bogus.
There is a difference between saying someone is a bad business manager and saying it is a scam. One is dissatisfaction the other is slander. Just because people on this board were looking for get rich quick opportunities does not make ECDC a scam. If you could not invest in a development stage company you should have read the SEC filing before investing.
I say when the dust settles ECDC's real investors will win.
Go ECDC! GLTA
