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Yes, and the accumulation is very nice right now....
Nice volume to start. Seems this is the price range to accumulate
[b]7's are the only way in here, for the time being.
"Penny Stock Exempt". I love those when I see them especially when I am in it.
Nice clarification Dino! Appreciate all your posts this evening.
ESCU
It just keeps getting better!
There you go. "Penny Stock Exempt as of today and share structure updated"
https://www.otcmarkets.com/stock/ESCU/security
Yes very true. But as the word gets out and people see how big this really is it will continue to build on its self.
ESCU
People are afraid of illiquidity that is the main reason. If it was the big boards, HFT will take over once there is stampede of buying. But the trick is to be in before the forward split and when that happens, the stock will jump by leaps and bounds.
That is what I asked him too. Well this is not the big boards, if it was the big boards, on the second day it would have gone to 200 dollars. Heck I know of ticker right now trading at sub one penny, they announced they sold their one quarter of their not all assets for 30 cents and they announced a month ago and yet the ticker is not moving trading at 0.004. OTC is for penny flippers, they are the ones that drive the stock up or down, not the market. The market drives stocks up and down on the big boards.
I'm surprised the PPS is at this level given what has already taken place in the rm process. Oh well sometime the market reaction is slow I guess. IMO
$ESCU
They said they will announce the CEO also by the end of the month. We talked a lot so as I remember out conversation I post them.
Eric Rheel listed on Nevada as president is also JMJs CFO
https://www.linkedin.com/in/eric-reehl-54bba014
https://esos.nv.gov/EntitySearch/BusinessInformation
ESCU
It's all about supply and demand. Reverse merger has gone through, just some formalities between the previous directors and current ones that need to be resolved. If the Secretary stated that CUSIP and Name Change will happen by the end of the month, one can assume the reverse merger is done. New website coming soon too, where there will be link for investor relations, they are in the process of hiring investor relations to address all shareholders questions.
Very nice. This thing could explode once the rm goes through. The likely forward split news would add fuel to the already burning fire. IMO
$ESCU
Yes he is and on all fronts. He is listed as shareholder in the filings report. Carnegie development has offices in Reno, Vegas, Texas. They are working on assets 30-100% ownership around the globe.
DD here is one of the best. JMJ founder Tim Barton as one of the major shareholders. CUSIP and Name Change coming the end of the month.
Thanks dino for the information. As usual your DD is impeccable.
So it appears Tim Barton of JMJ is a major shareholder of Carnegie, therefore will be a major shareholder in the public entity after Carnegie reverse merges into ESCU. Correct?
Besides being a major shareholder, Tim Barton provides consulting services to Carnegie for its global presence.
Am I getting this right?
New to the board and the ticker. Still catching up.
TIA
$ESCU
Imho only.
PRIMED! The DD is amazing!
ESCU
They will announce that sometime this month. This is primed to make major move.
TIM BARTON
FOUNDER AND CHAIRMAN of JMJ DEVELOPMENT
https://www.carnegiedevelopment.net/governance
founder and Chairman of JMJ Development, Mr. Barton provides all the support to Carnegie for establishing a global presence as a premier real estate development company. As a shareholder of Carnegie, he is placing the entire JMJ infrastructure available to Carnegie.Prior to founding JMJ Development in 1990, Mr. Barton distinguished career began with his family’s real estate business in Connecticut. Mr. Barton’s entrepreneurial ambition has spent the last 28 years supplying master-planned developments and driving market-leading financial returns for Carnegie and its investment partners.
TIM BARTON
Today, the Company is a diversified, full service real estate firm that is active in the development of hotel, residential and multifamily properties. The Company has developed nearly $2.5 billion in assets and over 12 million square feet, making it one of the largest privately held development companies in the United States.
© 2019 by Carnegie Development Inc.
ESCU
That right there will push the stock to no boundaries, possible even over 100 dollars in no time.
A forward split is gonna be a big announcement.
ESCU
Thanks, Dino.......amazing stuff.
I need more shares......lol.
Great news! Thanks for sharing.
ESCU
JMJ Development is a huge company.
https://dallas.towers.net/2019/03/06/in-dallas-design-district-a-new-frontier-for-residential-growth/
Dallas real estate firm JMJ Development plans to soon break ground on a mixed-use hotel, condo, and retail tower in the city’s Design District, and judging by what we’ve seen of the project so far, it’s fair to say this developer’s vision goes beyond what we’re used to in this part of town.
According to the company’s website, the concept proposes 250 hotel rooms, 80 residences, a collection of townhomes, and retail space. The conceptual renderings indicate a step-up structure with the residential units rising 10 stories, and a hotel component rising about 19 stories, both resting above a multilevel parking structure.
For now, JMJ is calling the project 148 Pittsburg, for the street address of a one-story industrial building dating back to the 1950s that still stands on part of the future development’s 2.5-acre site. This plot includes a vacant lot at the southeast corner of North Riverfront Boulevard and Pittsburg Street. The warehouse building south of the vacant lot is comprised of two lease spaces.
Yes! I spoke to them before as well.
This is a $100 stock in my opinion in very short time period.
ESCU
Just had a conversation with the Secretary, anyone selling at this juncture has to be completely nuts. Announcements coming by the end of the month CUSIP and Name Change coming also. The announcement will be from JMJ Tim Barton as a Major Shareholder, they will also do a forward split sometime.
I was hoping to get 40,000 shares. But I would be chasing the ASK all the way up to $50.
Thanks buddy for the info via PMs.
$ESCU
Imho
hi all, took a starter position. Thanks to FightingBack and Crudeoil24 for the heads up.
Float is extremely tight, and Carnegie is going to take the PPS to a whole new level. Forward split appears to be a almost certainty to allow enough liquidity in the market.
$ESCU
Imho of course.
ESCU is a great $$$$$ opportunity.
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
The only way is to slap the ask and sit at 9.00 you could get lucky with at least 500 shares, otherwise with a non dilutive market maker no chance, no how, no way.
That bids a building. :)
ESCU
The signature on the filing is the Secretary, matches the secretary from the website under the link of Governance corporate board members.
MURUGAN VENKAT
SECRETARY
?
Mr. Venkat received his PHD. in Finance from the University of Madras, India. He is also a chartered accountant in India. He started his career as an Associate Professor at IFMR, Chennai. Before moving to the United States, his past experience includes;
(a) the CEO in the construction industry for 9 years,
(b) as the Chief Accountant in a Sugar Factory for 3 years, and
(c) as the Controller of an airline company in India for 3 years.
In South Florida, he worked as a corporate controller for a manufacturing company for 10 years
Thanks!!! My head is where it needs to be, focused on the prize, not deal with daily fluctuations. This is what I call the stumbled on something huge.
You want a good size position hit above the ask for 1000 shares at $9.00 you should get about 500-700 shares if you get lucky, that's the only way it's going to work. This is not the time to bid sit cause name change can happen anytime, heck they might go to Nasdaq right off the bat, in a few months 4 months at the most.
Love where your head is at. Seems we have stumbled upon a huge merger. ESCU
Just look at KB homes market cap. Let that sink in, plus these guys are into commercial multi purpose too, they will get larger by market cap compared to KB homes in due time. This is one of the largest privately held company in the US. If you call the number on the website, they have a investor relations department, which means not private anymore, you need to look at the DD that has been presented on the board and connect the dots, the address listed on the website matches the 8K filed. No brainer, once the general public finds out the more about this merger, 20 dollars will come and go so fast it will make your head spin. We should soon "Penny Stock Exempt".
https://finance.yahoo.com/quote/KBH?p=KBHhttps://finance.yahoo.com/quote/KBH?p=KBH
https://www.otcmarkets.com/filing/html?id=13528392&guid=vtkfU6voyJKG73h
This is no joke. Pees are finally catching on to how big Carnegie Development really is.
https://www.carnegiedevelopment.net
ESCU
After 20 dollars this will move in $5.00 increments, much like when WINS was trading a few years back, WINS is a real estate finance company, from 25 dollar when as high as 300-400 dollars in it's infancy days and they didn't have a fraction of what this companies assets alone are worth. Forward split coming, that forward split announcement will make this jump to 200 dollars in 3 days alone. Let that sink in
Agreed, price correction in progress.
ESCU
Yes for OTC standards it is big. Bid sitting won't work here at this juncture, maybe at 10 dollar it works but here no way, no how, unless of course impatient sells and moves on.
It is a big bid relative too how this trades however.
ESCU
$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...
$8.40’s getting hit now ESCU
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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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