Replies to post #28558 on East Coast Diversified Corp (fka ECDC)

[cjstocksup]

Do you mean you were buying or selling? And yes the MM's are naked short selling again, they do it every day and have since the initial breakout that is why we can run 200% in just 3 days like we have the last 2 runs when everyone is buying on the ask only!! ECDC

[tushiecomplete]

I understand that there are four distinct companies, or will be four when wetwinds starts up, but still digging into this company i found this:

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Ludlow Research Issues Upgrades on PERL and ECDC
By: staff reporter, John Bodger
Last Updated: April 30, 2012 - 8:30pm EST

(NEW YORK)--Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on East Coast Diversified Corp. (OTC:ECDC), and Perla Group International, Inc. (Pink:PERL).


East Cost Diversified Corp (ECDC), through its operational subsidiary Earthsearch Communications, develops a number of GPS and social networking web and mobile applications. The Company's recent $2.5 million in equity institutional backing clears the way for the company to now execute on their business plan by rolling-out their social network web and mobile applications, and closing on larger GPS/RFID orders.

Recent valuations from Yahoo's $20 million acquisition of IntoNow, a competitive second screen TV-app such as Rogue Paper's TV-Tune In, which is now a subsidiary of Earthsearch, gives the company an immediate valuation boast. Add in the clearance of notes payable, conversion levels on recent financing no less then $0.013, and improving earnings outlook, ECDC is primed for a breakthrough of its 200-day moving average.

This, Ludlow Capital upgraded its short-term price target late Friday on ECDC to around $0.02 to $0.03 per share, with a mid-term target in the $0.05 to $0.08 range, conservatively.

Ludlow Equity Research is a New York based equity research firm focused on providing our clients, and individual readers, with in-depth research coverage and opinions on the small-cap securities market. For over 14 years we have aimed to providing our subscribers a simple way of evaluating the current and potential value of small-cap stocks, and any risks that may effect those valuations going forward. Our goal is to provide traders with an easy way to make investment decisions based on current and future valuations. Ludlow Equity Research is a division of Ludlow Capital, Inc. www.ludlowresearch.com

Seems like this was updated this last Monday, April 30th.