Replies to post #56692 on East Coast Diversified Corp (fka ECDC)

[lucmariepierre]

going to 0.05 is impossible

you need a very big buy back to reach this level


actually we seem to continue to have unfortunatly dilution

[randymarsh]

Believe me, banks aren't lending money to white people either. Some things they want to see before lending are...
1.)A history of revenue that is higher than their expenses.
2.)CEO/owners that have invested their own money on said business.
3.)considerable assets (Real estate, inventory, cash, etc.)
4.)Track record of paying their bills on time.
5.)Spends $ on things that grow revenues.(NOT 6 FIGURE SALARIES)

Having $50,000+ in fees for bounced checks in less than one year is gonna be a problem. But sure, it's because he's black.

Kay is not the first guy to take out loans to pay his salary. From the lender point of view, if your business operations cannot even pay your salary, how are you going to pay us back?

If the company was legit, they would focus on getting customers for the product that they already have (Earthsearch) and use that revenue to expand into other areas.

They just release news about one division until investors quit buying stock, then, like clockwork, they release BS news about another "division" that is going to be the next big thing. Periodically mix in a curveball about an acquisition to keep things fresh, and Kay gets hundreds of thousands of $$ a year for it.

[Realityhurts]

Few things could be more irrelevant to the discussion than Kaye's skin tone.

You continue to talk about investing in the business but completely ignore the fact that often, only 50% at best of your capital when buying the stock even goes to the business. At best, at times it is even worse depending on market pricing. Terrible methods of raising capital are being used, one could argue that the usage of capital raised could have been much more efficient than it has been as well. Still, stating that you are investing in the business, not the stock is rather ridiculous when the only way you can invest in the business is through the stock of the company, stock, that, until those notes are cleared out, is discounted substantially with only a portion of your money ever reaching the company...


I do hope that other methods are utilized and that we'll see evidence of such in the 10-Q filing that should be out very soon.