Replies to post #56348 on East Coast Diversified Corp (fka ECDC)

[Realityhurts]

To sum it all up once again, investors should be placated by the 'great ideas' flowing out of ECDC and not care that their investments there have continued to be a good money after bad strategy hoping that one day they may receive something on their last investment? They should rather grovel at Kay's superb ideas and unparalleled intellect?

What type of investor does that require?

[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.