Replies to post #45393 on East Coast Diversified Corp (fka ECDC)

[Devil196]

Believe me I would love to say at some point that all my fears and opinions regarding ECDC were wrong. I would agree that if a buy back were to occur it would definetly change things. To what extent I can not say. I think the possibility of a buy back is quite remote and the that a RS or an additional increase in AS is much more likely.

I know I come off as being a basher of ECDC. That is not my intent. My intent is to look at the reality of the current situation and be a counter balance to the unrealistic and absurd promotion that takes place as we continue to see our gamble disappear.

[flaflyersfan]

Confuscious, even a mention of a share Buyback from ECDC is absurd while the company is handing out shares at a 35-55% discount to market, has over $3,000,000 in Current Liabilities, is overdrawn at the bank by $4,794, and besides the convertible notes has Amounts payable in common stock of $709,122. The last part alone at .001 is 709,122,000 shares that still need to be issued before any Buyback should be a thought.

Just like the 2 previous times, ECDC does not have enough unissued stock to cover their obligations. Another increase in Authorized Shares is coming if the company is not discussing a Reverse Split. Certainly ECDC would say nothing about a share Buyback while being required to issue hundreds of millions of new shares.

Good luck.

[RJ5]

Lol & there gonna pay $1 pps too