East Coast Diversified Corp (fka ECDC)

[Realityhurts]

On November 1, after this post, the company issued 107,010,674 shares of common stock to satisfy a debt payable in the amount of $5,351.

The conversion terms here and earlier in the month are beyond horrific. Catastrophic for any investor. Forget the dreams, attention must be placed on the terrible balance sheet and the massive amount of convertible debt outstanding. Every investor should realize the reality that, given these terms, the chance of success is slim in the most optimistic scenario for them no matter how you slice it. Until the balance sheet is repaired, it will continue to be that way.

Terrible debt terms, horrific conversion ratios.