"Further, prior to filing the amendment to the Certificate of Incorporation reflecting the Reverse Stock Split, we must first notify the Financial Industry Regulatory Authority (“ FINRA ”) by filing the Issuer Company Related Action Notification Form no later than ten (10) days prior to our anticipated record date of January 25, 2013 for the Reverse Stock Split. Our failure to provide such notice may constitute fraud under Section 10 of the Exchange Act."
Has ECDC, aka Kaye, have not already constituted fraud on shareholders? Yes