Wrong my friend I have dug deeper than most on this board. Most only dig into stock performance and not business development stages. First you are wrong and your information is completely false and contradicts the filings with the SEC.
1. Kay developed the wireless communication between GPS and RFID, that technology was assigned to the ECDC in exchange for a royalty. Not uncommon that is standard with almost all businesses - please let me know what is strange about that.
2. ECDC was not in the social media business, Kay sold 51% to ECDC in exchange for funding completion of the development. If it succeed it is good for shareholders, from what I see now, both StudentConnect and Vir2o are moving the business. Have you checked the patent on FB see who owns it all, it ain't shareholders.Have you checked lately who controls Google, a few guys with super voting shares.
The only thing Kay has is super voting preferred shares (not majority shares) which he has been acquiring with his unpaid salary. I don't blame him considering some of the crazies holding shares in the company. Again you are totally wrong when you say Kay gets paid before anyone, he gets more than 50% of his salary in stock. Read the financial my man dont repeat/rinse what is being posted here.
I wonder if you or anyone on this boards will accept stock as compensation from their employer, the fact that a CEO is taking stock and not cash is a demonstration of his confidence in the business so I am going along simple as that. When you see a CEO not taking stock, that's when you run and run fast.
You have not been on the board for some time you should read some of the debunking I have done with research. Providing link and proof to debunk a lot of the garbage posted on here, Nine out of then times I get one line responses abusing Kay, no factual challenge to my information or they misuse facts or information that is continuously debunked by me.
One example, did you know that ECDC actually filed in one of their 10Q's that they pulled out of the Russian deal because the Russian government demanded to get a copy of the source code to GATIS Software? I am sure none of the incredible researchers saw it.
If you have read some of the post on this site about that deal you will think Kay put out false news release. None of us know the intricacies of the EarthSearch agreements, however what I will say 90% of the releases were about partners and annual commitments the partners committed to buy as part of the contract. The company never said it had those revenues, no one has ever proven those agreement never existed. That type of information require filing with the SEC.
None of us know, but my feeling is the partners could not deliver for whatever reasons and if they are still around maybe the rebound of the global economy may make EarthSearch the comeback kid. Like everyone else I am speculating based on the SEC filing and my observation of the global economy.
Finally all of our experience has been with EarthSearch business and for the first time we are seeing action from the other 2 new divisions, how has anyone concluded they are scams? or not legit? or will not succeed.
Unlike EarthSearch which was B2B (which we did not understand) these 2 are B2C so we are hearing more detail and learning more of the successes and that gives me comfort with my investment.
I am sticking with this one for the long term. My advise? do your own research and stop repeating what everyone else is posting as fact without your own research, I am finding these guys are taking half information or half baked truth and manipulating them.
The only things that are factual is that the stock is in the dumpster and that the company is using toxic funding. About the business itself 90% of their posting is garbage, the other 10% is that it needs to generate and demonstrate revenue. All of that can be attributed to any development stage tech company.
I believe if it succeed in implementing StudentConnect we will be having a different conversation. Just that one division alone can make everything look completely different. Maybe that's why some people are trying to sabotage it.
GLTA!! GO ECDC!!
