Carnegie Development Inc. (CDJM)

[Milesblue42]

**Gary-F-Kimmons-United-States-Securities-Exchange-Commission-DISCLOSURE**


Gary F Kimmons once told the Public the following....

Bill says:
February 4, 2012
I noticed in the PinkSheet listings that there is 1 million dollars in edoorways stock available from the company (about 67 million shares). Only $67,000 worth have reported being sold, half of which when straight to Gary as salary, according to this SEC listing. This sounds like a huge potential dilution of outstanding shareholder stock to boost Gary’s salary at shareholder expense. Does edoorways have any income other than stock sales to fund Gary’s salary?

edoorways says:
February 4, 2012
There are a number of inaccuracies in your statement. You appear to be referring to a recent “Form D” filing we made with the SEC. The Form D filing has to do with an exemption for issuing free trading shares called a “Rule 504? offering. A non-reporting company can raise up to $1 million dollars a year by taking the 504 exemption. During the previous 12 months we raised $67,000 using the exemption that was funded through a couple of sources.
Of that, approximately $34,000 was used to pay officers, directors and consultants.
There has been no “huge dilution” at shareholder expense, nor has there been a large amount of money paid to Gary Kimmons. Your statement that “there is 1 million dollars in edoorways stock available from the company (about 67 million shares)” is incorrect. We have approximately 11 million shares outstanding. We started with approximately 6.4 million shares after the reverse. Additional shares have been issued in the past 60 days to cover our operations.
NOTE TO ALL: I JUST REACHED OUT TO “[e-mail]”, OUR POSTER, AND IT’S A BOGUS EMAIL ADDRESS. I THEREFORE ASSUME THAT THE POST IS A DELIBERATE ATTEMPT AT MISINFORMATION.

But information that Escue Energy Inc gave the United States Securities Exchange Commission in September 2016 seems to contradict what Gary F Kimmons told the public IMO


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11589218

Elements of Compensation

On a forward-looking basis, our compensation program for the named executive officer, as well as other officers, will consist primarily of base salary. There are currently no retirement plan, long-term incentive plan or other such plans. We have not yet obtained a revenue stream with which to fund employee salaries and bonus plans. The base salary we provide is intended to equitably compensate the named executive officer based upon the level of responsibility, complexity and importance of role, leadership and growth potential, and experience.



Our Former CEO, Gary Kimmons, was employed under an Employment Agreement dated January 1, 2009, a copy of which is attached hereto as Exhibit 10.5. Compensation due him under the Employment Agreement for the period January 1, 2009 through January 1, 2012 was accrued in the total amount of $728,351 and paid in the form of shares of Common Stock on or about March 25, 2014. Certain of our current officers, including Sohail Quareshi, Madhu Sethi and Shahmir Quareshi are employed under Employment Agreements dated April 1, 2015, copies of which are attached hereto as Exhibits 10.1, 10.2 and 10.3, respectively. Reference is made to Exhibits 10.1, 10.2, 10.3 and 10.5 for a more detailed description of the terms of their employment.

Once again Gary F Kimmons told the public this....

There has been no “huge dilution” at shareholder expense, nor has there been a large amount of money paid to Gary Kimmons.

So how on earth did Gary F Kimmons end up receiving $728,351 hundred thousand dollars worth of shares. What type of logic was he using to justify a Revenue-LESS salary? Was Gary F Kimmons salary part of the reason for the 5th Reverse Split? http://www.otcmarkets.com/stock/ESCU/profile

Security Notes

Capital Change=shs decreased by 1 for 10 split. Effective date=4-3-02
Capital Change=shs decreased by 1 for 200 split. Pay date=5-18-05
Capital Change=shs decreased by 1 for 2000 split Pay date=09/04/2007.
Capital Change=shs decreased by 1 for 1000 split Pay date=10/27/2011.
Capital Change=shs decreased by 1 for 2000 split. Pay date=06/23/2015.

Is Escue Energy possibly being controlled by Gary F Kimmons?