FFF. I enjoy our dialogue because it is more intellectual and about fact more so than about the person. I agree but beg to differ. As I stated in one of my earlier posts about you, my disagreement with you is generally based on your exclusive focus on stock and disregard for the business position and strategy.
Yes issuing a lot of share after a reverse will and has impacted the share price. What you did not say however, is what other strategies are there to reverse the share price trends because there are many and the things you say will not affect share price are exactly the things that will be catalyst or other strategies. So your argument was half baked.
Everyone continue to disregard why the shares were issued in the first place. It is clear form the last several news that they used the money wisely. How does it impact share price? lets look at a few business moves that may now open up.
1. Acquisition and joint ventures that could move the share price or change the company.
2. Revenue surge in 2013 that can trigger a buy back
3. Increased access to more solid capital that can help buy out debt still on books which can also trigger surge in share price.
Your argument about lack of revenue were valid,(but for the past) and you and I know addressing that single issue which seem to be where we are now headed could completely turn this into something totally different. Why will you now not give us the other view should revenue start to grow in real numbers. Tell us what could happen, because from reading your post I know you know and you have the investment experience to know, lets all be honest here.
In fact once revenue starts, a combination of buy back and reverse may not be bad to drive share price to the $5-$10.00 dollars range, where it should be if it successfully can get users on its social media platform and change its SIC code to match facebook.
The strategies to change capital structure to impact share price become limitless once the revenue stream begins. 2014 will be a very interesting year for this stock. I hope you will remain here so we can see which of us saw further down into the future of ECDC
Go ECDC! GLTA
