East Coast Diversified Corp. (OTC:ECDC) had a fantastic session yesterday, although it stayed in the sub-penny zone.
ECDC closed up 230.43% at $0.0076 with an all-time high volume of 39.8 million shares.
Kayode Aladesuyi, CEO and Chairman of the company, called in on a radio program and put forward some very optimistic ideas about the future of the company.
ECDC’s latest report showed the company is still losing money, and has very limited assets and a negative working capital.[BANNER]
The current financial situation at ECDC is not exactly enviable, but if what Mr. Aladesuyi claims turns out to be true, it’s not too tragic either.
ECDC currently has four divisions, two of which are operating and the other two are expected to be launched soon.
There are a lot of unknowns and uncertainties around ECDC’s future, but yesterday’s market performance shows at this moment traders are happy.
