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Great to see ESCU is gearing up with the new business structure and management!
$2.5 Billions In Developed Assets
$1.6 Billions Projects in Pipeline
$498 Millions Projects in Development
https://www.carnegiedevelopment.net/
Agree 100%. The DD is all there. It’s gearing up for a major move...
Looking for a 10-20 bagger IMO.
ESCU
I expect a major move here
Just the start too. I am betting this moves bigly in the month of September.
ESCU
Float locking taking place right now.
ESCU
Volume will have to pick up in order to unload a substantial amount of shares unless you sold 100 shares at a time, nobody wants to do that!
That wouldn't hurt my feelings, I would be quite happy with 10 or even 20/sh. Would have to seriously consider getting out around 20/sh!
160K float, SECI move coming
Seems word is starting to spread on our GEM. ESCU
Looks like Zalmy is a fan
Bidding some $ESCU 3.50 and will slap if I have to. Big time DD on this one
— Zalmy (@greatstockpicks) August 30, 2019
True this is very big
I hear ya, but some times when DD calls you have to get a nice position.
DD here is freaking impressive!
ESCU
CEO Sada Cumber was on C-span
https://www.c-span.org/person/?sadacumber
ESCU
160K float, gonna be a beast!
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On June 5, 2019, the Company filed with the Secretary of State of Nevada a Certificate of Amendment to the Articles of Incorporation, which amended Article 1 to change the name of the Company to CARNEGIE DEVELOPMENT, INC. , effective July 1, 2019. A copy of the Certificate of Amendment is attached hereto as Exhibit 3.1. The Company previously converted to a Nevada corporation on May 6, 2013. Also, effective July 5, 2019, the Bylaws of the Company were amended and restated in full. A copy of the amended and restated Bylaws, effective July 5, 2019, is attached hereto as Exhibit 3.2.
https://www.otcmarkets.com/filing/html?id=13528392&guid=_A6IU6yJOrGL83h
Item 5.01. Changes in Control of Registrant
On June 18, 2019, Broadview Holdings, LLC, a Texas limited liability company (“ BHLLC ”), acquired (i) from Sohail Quraeshi (formerly, Director, President and Chief Executive Officer of the Company) 1,000 shares of Series A Preferred Stock, par value $0.001 per share, of the Company and (ii) from Escue Wind SL, a Spanish corporation controlled by Sohail Quraeshi, 40,000,000 shares of Common Stock, par value $0.00001 per share, of the Company in a private placement purchase transaction, all for a total consideration of $135,000. The 40,000,000 shares of Common Stock acquired represent over 90% of the outstanding Common Stock. The Series A Preferred Stock is entitled to no dividends, no liquidation preference and is not currently convertible into shares of Common Stock but is entitled to a number of votes which shall equal 75% of all eligible votes on all matters on which Common Stock is entitled to vote. By virtue of such transaction, a deemed change in control of the Company occurred on June 18, 2019. The amount of consideration utilized on behalf of BHLLC to acquire such positions was from the working capital funds of BHLLC. Control was assumed from Escue Wind SL and Sohail Quraeshi.
ESCU
Just having Carnegie I want to buy. Too bad majority of funds are in dcgd
$ESCU i don't think anyone realizes whats happening here...
- Shell taken over by Carnegie Development (JMJ)
- Company has $2.5Bill in assests
- Company has another $1.6 Bill in pipeline
- Company has about $500mill being developed right now.....
- Company has only 160k float...
The 8K "change[s] the name of the Company to CARNEGIE DEVELOPMENT, INC." https://www.otcmarkets.com/filing/html?id=13528392&guid=naFIU6fOuPL0R3h
And, here is Carnegie's website https://www.carnegiedevelopment.net
CARNEGIE DEVELOPMENT INC. ESCU filed an 8k reverse merger on 07/05
8k
https://www.otcmarkets.com/filing/html?id=13528392&guid=
Then filed up to date SEC filings on 08/22.
10k
https://www.otcmarkets.com/filing/html?id=13607639&guid=zEFIUnONFgVIgth
10Q’s on 08/22
https://www.otcmarkets.com/filing/html?id=13607641&guid=zEFIUnONFgVIgth
https://www.otcmarkets.com/filing/html?id=13607645&guid=zEFIUnONFgVIgth
What do you find interesting on this link exactly?
No different than for other OTC symbols. But notice that is also says "Quotes are not supported for this symbol" for symbols not listed on NASDAQ.
Found this to be quite interesting, never would've thought but here's the link, https://www.nasdaq.com/symbol/escu
A few shares being traded this morning, will be really nice when the volume comes!
A little bit of the news leaked out today, but all of what came out today was public info, so much more to come that has not been made public yet. Now that the clock has started I'm sure it won't be long.
MBOT
Nice to see you here. The DD is pretty substantial, should be a big mover.
ESCU
Took some. I like the story, 160K float. The control block alone is 40M shares of the OS. Read the filings. https://www.otcmarkets.com/stock/ESCU/disclosure
I have to agree, been here before with several other tickers in the past, IDCC which is now IDC, NCDI, OMM, those were the good old days!
TINY FLOAT HOLD TIGHT .. BIG CASH TO BE MADE. not just a few hundred bucks either.
OTCX trying to short lets make his ass cover hard.
You say "Monster upside" and I agree! I really believe this could hit $20/sh quite soon, I mentioned $6/sh in an earlier post, that was meant for a short time frame, inside of a month. I believe $20/sh could come by the end of the year!
Wait till the news hits. No one really knows about this stock yet..
Were talking billions in assets..
less than a milli float
..
Looking good right now, just hit $4.25/sh. I may have to start looking for an exit point somewhere along the line!
Some monster upside. $ESCU
Looks like holding ESCU all this time is going to pay off, looking real good at the moment, expect $6/sh fairly soon!
ESCU going viral. Can only keep big DD down for so long. :)
Couple more smacks and we lock up this tiny float.
ESCU
Nice smack. Cleared out the resistance below $2.
ESCU
I am of course interested, but I always like to keep it all public. If you can find it on the net it is public information. No reason to keep it to your self. IMO
Thanks.
ESCU
Got it, but it you post the details. You found it you can post it.
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We're an innovative Real Estate Investment company providing strategic growth to our shareholders, and support for our stakeholders through high-level leadership and collaboration with partners world wide.
Our success is driven through our singular focus on one high-growth sector: Real Estate Development.
We provide financial resources, governance, high-level management and operational expertise.
Through leading-edge architecture, innovation and proven business acumen, we commit to world-class excellence in all our projects and investments.
Seek opportunities in the best markets. With many decades of experience, our leadership team continues to identify remarkable opportunities in real estate and promising new technologies suitable for its market share.
Generate steady growth with the proven and secure platform of real estate development.
Draw on the strength of our international culture of integrity and leadership in creating a better lifestyle for our residential communities.
Carnegie Development partners and invests in long term value that enhances communities and generates wealth. With a strategic balance in ownership and operations of four major real estate sectors, Carnegie Development has projects and holdings in the sectors of Ultra Luxury Hospitality, Multifamily and Single Family developments, and horizontal development of Raw Land.
We acquire high quality assets on a value basis and drive investment performance through dynamic and innovative operations. With a track record of developing and acquiring real estate in the best performing U.S. markets, we’re able to deliver risk-adjusted returns to shareholders. Our leadership position is embedded in building value for the long term.
https://www.carnegie-development.com/
I am pleased to provide some news of recent activities at Carnegie Development.
Carnegie Development is current and up to date with required filings to the government agencies. Most importantly, we have removed our stop sign and now have a yield sign which will be removed in the coming weeks.
And now, we are very excited to announce that Carnegie Development has acquired six new entities which are all Multi Family development projects.
Those developments will get underway in the new year. This will afford Carnegie the benefits and profits that come with the development as well as the long-term cash flow revenue once completed.
The great part of our plan in these projects, is getting the cash flow will be much quicker than what is typical for other companies who buy existing projects from developers and then sell them to the investment companies for a high premium. Our strategy of being the developer is a big benefit to Carnegie Development because it allows for us to start at the base point with efficient access to the cash flow.
Dallas continues to be great for business. California and New York are experiencing a rapid contraction in their populations meanwhile a tremendous influx of people are moving to Dallas. This is driving up the residential demand on single family and multifamily housing.
More acquisitions are on the horizon. The next round of acquisitions will be focused on single family lots for home builders to buy, build houses and sell them to incoming buyers. Dallas is experiencing the highest percentage of growth in the United States and with our existing relationships in the Texas marketplace, we are poised to take advantage of that.
Furthermore, Dallas is experiencing a huge demand for the build-to-rent business. Carnegie development is expanding into this market where we build brand new homes and rent them out. The business model and cash flow is similar to the multi family, but the benefit of the single-family business is the cash flow begins as soon as the home is built.
We hope you continue to watch and listen for updates and we look forward to your participation in Carnegie Development.
Thank you very much.
Sincerely,
800-345-8561 phone
775-505-2642 fax
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