Let me shred your fact to pieces
Fact 1. No revenues added since I bought in 2011
Wrong Facts: Company reported almost $1.8ml in revenue since 2011 not including 2013
Fact 2. He is unable to get financing at normal rates by stock purchase or legitimate banks due to the fact he doesn't pay his bills.
What world are you living in. How many black people do you see in tech space. 1. Banks to give loans to Tech company. Tech is complicated and long development cycle. 2. Black people are not in tech because they cannot find money. Silicon Valley is black averse Situation is so bad Google is doing program to help convince people to invest money in black owned tech companies. Know your facts before writing. Did you not seethe CNN show about blacks in Tech. This guy if he succeed big, will break a huge barrier for blacks in tech space.
Fact 3. He pays himself a large salary and has produced nothing of shareholder value. Just look at the stock price.
Guys stop spreading false stories, look at the financial, it is clearly broken down cash vs stock. Please tell me how much he has actually been paid in cash. He get stock. As usual most people on this board don't read the financials they repeat other people's comments
Fact 4. He prs major deals that never go through. Just look at the quarterly statement. No revenues from one deal stateside or international.
Wrong again. Reported $1.8mlsince 2011. He PR annual commitment in agreements with partners, not revenue get your facts right. If those partners don't come through does not make it false or wrong but obviously some do come through considering $1.8ml reported. Secondly if you look at most of the PR, like Kenya, Nigeria were government deals. Those partners could have fallen apart or even the government contracts. You are only speculating. Read the last few Q's. All the noise about the Russian deal was explained, why it fell apart, the KGB demanded source code to EarthSearch product Will everybody just stop speculating and read the Management Discussion in the financial
Fact 5. All of the subsidiary are under ecdc for which Kaye has total control. Shareholders has no say in anything that goes. It's a dictatorship.
If you were building a business would you not want to have control. Its called super voting shares. Ford family has it, Google guys have it, Facebook guys have it. Bill Gates had it. At ECDC it is called preferred shares. Kay is using it to control the votes, imagine him allowing people on this board in
Fact 6. From 50 cents to no bid in less than a year says it all. He doesn't care about increasing shareholder value.
Did you not read the 10Q's and 10k before investing? it states there like night and day. "Business is in development phase, will need to issue a lot of stock to raise money to meet its obligation" you should have waited till now to invest it is the perfect time. I have 120ml shares and just waiting for it to go to .01 and my 50k turns to $1.2ml. What I will not do is stand by and let some people destroy that opportunity for me because they don't know how to invest
Fact 6 is IMVHO
Good morning and go ecdc
Just because you pay people to answer the phone and work on a couple of RFUS doesn't make your business legitimate. Most who have invested her have come to see this for what it is. An investment it surely is not!!!!!!!!
First know the business you are investing in then you will make good decision, that's the key no need to get angry. It is RFID not RFUS. Obviously the news we are now getting tell us it is very very legitimate. Unless you want to say the interviews with all the transportation directors and the new contracts announced for StudentConnect, the Vir2o site and app are not real business. If not what will constitute real business for you?
GLTA! Go ECDC
