That's the error in all the prior postings. The retained Earning reflects consolidated financials from all prior operations, including those of EarthSearch since 2003 and ECDC since 1999.
If you go back and look at prior ECDC it had less than 200 shareholders with most of the stock held by insiders who are now long gone. So technically all the people on this board and all the so called toxic money raised by this news ECDC has been no more than $5ml to build everything we now see on the ground.
Which is why all the screaming and the shouting makes no sense o me when you look at what has been built for what was raised since 2010.
Take EarthSearch out of the picture and Vir2o and StudentConnect alone will make this a bargain and worth the investment
I have seen people even post $20ml as a debt. Which lets you more about the quality of commentators on this site than anything else.
R&D is expensed not capitalized on ECDC financial hence the large losses we see.
Sdave2002 I agree with you. How often have you seen a sub penny go out to build the type of businesses we see this company building, truthfully. CBS Fox Atlanta story, NBC News10 story, Agreement with South Carolina DOE, confirmed by Vanwes1, Interview with Ralph Night at Napa Valley School District, Interview with guy at Gordon County. Contract singed in Louisiana and South Carolina Schools. Even if we feel Vir2o might not make it and EarthSearch is a fluke. StudentConnect gives me goose bumps, will not be surprised if someone make a bid to buy it from ECDC. Tat would give it enough resources to get the other 2 running right. I am betting long term on this one.
GLTA!! GO ECDC!!
