ECDC good close at .0024 will not last down here
Post# of 49
ECDC good close at .0024 will not last down here IMO. First of all. just look at the chart, LOOK at the kind of runs ECDC has from .0023, very EASY 2 SEE.
"History of ECDC year to date:
1st Quarter:
1) ECDC aquires 51% of Rouge Paper
2) Canada deal: guarantee of $250,000 minimum per year
3) Signs deal in Kenya, $1,000,000 agreement, $350,000/yr according to PR.
4) 10Q: Revenues are total to almost that of all of last year. Debt increase but this is generating more money...it is considered GOOD DEBT because it is putting money into the pockets of ECDC and it's holdings.
2nd Quarter:
1) PR about how well the company is doing and how it is continuing to grow.
2) Ironridge deal: No real effect from the deal. Lowers the amount of debt the company has.
3) Deal with Security Group Africa: $500,000 minimum purchase commitment/yr.
4) Russian Deal: $5,000,000 Master Distributor 5yr agreement. $1,000,000/yr
**Although no one believed this deal or any deal occurred, the CEO filed an 8K to support it despite an 8K not being necessary for any of the deals per SEC**
So as of year to date, East Coast Diversified has signed deals that have per yr minimums that were greater than all of last years revenues. ECDC is soaring and we are only half way done with the year. Two more subsidiaries to be released yet later this year that will generate tremendous revenues as well. The light may look dim now if you only look at the pps. Open your eyes to the whole company and what it has done and you see this is a gem. The pps will follow in due time. ECDC is way undervalued. GL!"