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Series I shares cannot be sold before June 31, 2021.
And, the selling price cannot be less than $4!
"Series I - [1] Designation: A series of preferred stock is hereby designated as Series I Cumulative Convertible Preferred Stock. [2] Par value is $0.001 per share; [3] Authorized to issue 100,000 shares; [3] Liquidation Preference: The holders of the Series I Cumulative Convertible Preferred Stock has the liquidation preference over the Junior Securities. [4] Dividends: The holders of the Series I Cumulative Convertible Preferred Stock shall be entitled to receive @ 7% per annum on the “Liquidation Value” as quarterly cumulative dividends in preference to and with priority over dividends upon all “Junior Securities” [5] Number: The number of shares is fixed at 1,000. As on the reporting date, 1,000 shares are authorized, issued and outstanding. [6] Conversion: The Series I Cumulative Convertible Preferred Stock is convertible into shares of common stock at the conversion price and at the option of the holders, either in whole or in part commencing the first business day after 30th June 2021. [7] Conversion Price: The amount obtained by multiplying (i) 0.9 by (ii) the simple average of the daily closing price of the common stock for the 20 business days ending on the last business day of the calendar week immediately preceding the date of conversion, provided however the conversion price shall not be less than $4 (i.e. 250 common shared per $1,000 Liquidation Value) [8] Voting Rights: The Series I Cumulative Convertible Preferred Stock, collectively, are entitled to limited voting rights on select issues. [9] Liquidation value of the Series I Cumulative Convertible Preferred Stock is $1,000 per share. [10] There is currently 5 shareholders of record of the company’s Series I Cumulative Convertible Preferred Stock [11] The Series I Cumulative Convertible Preferred Stock can be redeemed at the option of the Issuer [12] On September 30, 2020 the Company issued 21,786 shares."
Shareholders are more interested in the company news about the company's multi-million dollar projects advancement.
Recent News
On September 30, 2020, the Company acquired 99% of the membership interest in each of the following entities
126 Villita, LLC which is developing St. Mary’s Tower in San Antonio, Bexar County, Texas, a 24-story building with steel frame, stucco and glass exterior, with a flat roof; the building, when completed, will have 186,500 net rentable square feet with level 1 for office space, levels 2-6 for parking, level 7 for a pool and social deck, and levels 8-24 including 250 residential units. The building is located on a 0.492-acre tract of land in the city of San Antonio. The budget for the development is $62,100,000.
D4AVEG, LLC is developing 280 housing units consisting of 238,968 square feet on 21.68 acres located in Winter Haven, Polk County, Florida. The development budget is $40,770,000 as a non-HUD, multifamily project.
D4KL, LLC is developing 226 housing units on 16.17 acres of land located in Killeen, Texas. The development budget is $46,900,000.
Mansions Apartments at Marine Creek LLC is developing 638 housing units on a 54.166-acre tract of land located in Tarrant County, Texas. Construction is in three separate phases, and in each phase, the development budget is approximately $42,000,000.
Ridgeview Additions LLC is a land development project on a 15.004-acre tract of land located in Venus, Johnson County, Texas, which ultimately will create 54 lots, with an average lot size of 56 feet by 108 feet, for an expected sale price of $955 per front foot ($53,480 per lot).
Villita Towers LLC is developing 226 multifamily housing units on a 0.35-acre tract of land in San Antonio, Bexar County, Texas, with an estimated loan component of $66,000,000.
All of the foregoing items are in varying stages of development.
Summary
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/
Do all of you realize that their listed address, 3495 Lakeside Drive, Suite 108, Reno, NV 89509, is a "The OfficeBoss" mail drop? So much for the stainless steel and glass skyscrapers shown in their website!
"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.
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.
Strategy
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.
Recent News
On September 30, 2020, the Company acquired 99% of the membership interest in each of the following entities
126 Villita, LLC which is developing St. Mary’s Tower in San Antonio, Bexar County, Texas, a 24-story building with steel frame, stucco and glass exterior, with a flat roof; the building, when completed, will have 186,500 net rentable square feet with level 1 for office space, levels 2-6 for parking, level 7 for a pool and social deck, and levels 8-24 including 250 residential units. The building is located on a 0.492-acre tract of land in the city of San Antonio. The budget for the development is $62,100,000.
D4AVEG, LLC is developing 280 housing units consisting of 238,968 square feet on 21.68 acres located in Winter Haven, Polk County, Florida. The development budget is $40,770,000 as a non-HUD, multifamily project.
D4KL, LLC is developing 226 housing units on 16.17 acres of land located in Killeen, Texas. The development budget is $46,900,000.
Mansions Apartments at Marine Creek LLC is developing 638 housing units on a 54.166-acre tract of land located in Tarrant County, Texas. Construction is in three separate phases, and in each phase, the development budget is approximately $42,000,000.
Ridgeview Additions LLC is a land development project on a 15.004-acre tract of land located in Venus, Johnson County, Texas, which ultimately will create 54 lots, with an average lot size of 56 feet by 108 feet, for an expected sale price of $955 per front foot ($53,480 per lot).
Villita Towers LLC is developing 226 multifamily housing units on a 0.35-acre tract of land in San Antonio, Bexar County, Texas, with an estimated loan component of $66,000,000.
All of the foregoing items are in varying stages of development.
Summary
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/
They need to file a formal registration statement with the SEC before they will start to get real traction in the market, but the DD is outstanding
Great location for the real estate development by D4AVEG, LLC!
"Winter Haven is home to one of the most high-tech medical centers in Florida. As part of the BayCare Health System, Winter Haven is connected to a leading community-based health system, outpatient facilities and more than 200 access points conveniently located throughout Tampa Bay."
"Winter Haven shines as an authentic gem in the heart of Florida’s Super Region—the 9th-largest regional economy in the United States. Fueled by our unparalleled transportation and technology connectivity, diverse, well-prepared workforce and affordable lakeside lifestyle, Winter Haven has emerged as a choice destination for business and pleasure with enormous potential for growth."
http://www.whedc.com/
D4AVEG, LLC is developing 280 housing units consisting of 238,968 square feet on 21.68 acres located in Winter Haven, Polk County, Florida. The development budget is $40,770,000 as a non-HUD, multifamily project.
This is great! No Series I shareholder can sell any shares before June 31, 2021.
And, the selling price cannot be less than $4!
"Series I - [1] Designation: A series of preferred stock is hereby designated as Series I Cumulative Convertible Preferred Stock. [2] Par value is $0.001 per share; [3] Authorized to issue 100,000 shares; [3] Liquidation Preference: The holders of the Series I Cumulative Convertible Preferred Stock has the liquidation preference over the Junior Securities. [4] Dividends: The holders of the Series I Cumulative Convertible Preferred Stock shall be entitled to receive @ 7% per annum on the “Liquidation Value” as quarterly cumulative dividends in preference to and with priority over dividends upon all “Junior Securities” [5] Number: The number of shares is fixed at 1,000. As on the reporting date, 1,000 shares are authorized, issued and outstanding. [6] Conversion: The Series I Cumulative Convertible Preferred Stock is convertible into shares of common stock at the conversion price and at the option of the holders, either in whole or in part commencing the first business day after 30th June 2021. [7] Conversion Price: The amount obtained by multiplying (i) 0.9 by (ii) the simple average of the daily closing price of the common stock for the 20 business days ending on the last business day of the calendar week immediately preceding the date of conversion, provided however the conversion price shall not be less than $4 (i.e. 250 common shared per $1,000 Liquidation Value) [8] Voting Rights: The Series I Cumulative Convertible Preferred Stock, collectively, are entitled to limited voting rights on select issues. [9] Liquidation value of the Series I Cumulative Convertible Preferred Stock is $1,000 per share. [10] There is currently 5 shareholders of record of the company’s Series I Cumulative Convertible Preferred Stock [11] The Series I Cumulative Convertible Preferred Stock can be redeemed at the option of the Issuer [12] On September 30, 2020 the Company issued 21,786 shares."
They will have to do one at some point...
This would explode with a forward split
The Company acquired 99% of the membership interest in each of the following entities from five other entities in exchange for 21,786 Shares of Series I Cumulative Convertible Preferred Stock and Promissory Notes in the original Stated Principal Amount of $9,755,888:
? 126 Villita, LLC, which is developing St. Mary’s Tower in San Antonio, Bexar County, Texas, a 24-story building with steel frame, stucco and glass exterior, with a flat roof; the building, when completed, will have 186,500 net rentable square feet with level 1 for office space, levels 2-6 for parking, level 7 for a pool and social deck, and levels 8-24 including 250 residential units. The building is located on a 0.492-acre tract of land in the city of San Antonio. The budget for the development is $62,100,000.[/b]
? D4AVEG, LLC is developing 280 housing units consisting of 238,968 square feet on 21.68 acres located in Winter Haven, Polk County, Florida. The development budget is $40,770,000 as a non-HUD, multifamily project.
? D4KL, LLC is developing 226 housing units on 16.17 acres of land located in Killeen, Texas. The development budget is $46,900,000.
? Mansions Apartments at Marine Creek LLC is developing 638 housing units on a 54.166-acre tract of land located in Tarrant County, Texas. Construction is in three separate phases, and in each phase, the development budget is approximately $42,000,000.
? Ridgeview Additions LLC is a land development project on a 15.004-acre tract of land located in Venus, Johnson County, Texas, which ultimately will create 54 lots, with an average lot size of 56 feet by 108 feet, for an expected sale price of $955 per front foot ($53,480 per lot).
? Villita Towers LLC is developing 226 multifamily housing units on a 0.35-acre tract of land in San Antonio, Bexar County, Texas, with an estimated loan component of $66,000,000.
All of the foregoing items are in varying stages of development from initial plans to near completion.
https://www.otcmarkets.com/filing/html?id=14508972&guid=UDxeUqpnMvjTJ3h
CDJM
CDJM filings hitting showing merger FINALLY done. Tiny floater with $48 million in assets.
https://www.otcmarkets.com/filing/html?id=14508972&guid=UDxeUqpnMvjTJ3h
Stop sign is gone however it has been replaced with a yield sign and of course still shows shell risk. Bottom line, they're making progress in the right direction but still have some more work in front of them to get current with their financials!
Going in the right direction, I would assume or hope that they will offer up some significant news in the hear future. It would be nice to see some volume along with some steady trading going forward.
CDJM stop sign gone
https://www.otcmarkets.com/stock/CDJM/disclosure
CDJM Company submitted pink filings for 2nd quarter.
https://backend.otcmarkets.com/otcapi/company/financial-report/259034/content
Looks like they finally have made updates to the otc profile as well.
https://www.otcmarkets.com/stock/CDJM/profile
Appreciate the update, you may have mentioned what you just posted earlier, I really don't follow this board very much but do check the OTC website now and then regarding different stocks and their status. I believe this company can go a long way and like what they're doing, time to sit back and be patient, maybe add a few shares at the current price. If they get this operation off the ground the current share price will have seemed like quite the bargain down the road!
That is the reply to my email regarding the stop sign
Ever since this company published the audited financial statements in the SEC portal, this company contacted OTC for the removal of the stop sign
Due to corporate action for the symbol change, OTC was not actioning on the removal of the stop sign
In Aug 2020, OTC has initiated action and the compliance specialist in OTC started processing our request
Hopefully, the stop sign may go away soon
FYI please
On their website it indicates that they are working on getting listed to the NASDAQ. That would be nice but they need to get their filings caught up and get the stop sign removed first! Wouldn't hurt to get the dark and defunct, shell risk, and unable to contact designations also removed! I guess it's possible they aren't trying to go back and get the filings caught up because the data just isn't available to do that and they're just starting new, if so they have what looks like 2 years worth of legit filings and would still have another years worth of filings to get where they need to be.
They still have a ways to go but maybe with the new leadership they'll get things done, at least anyone holding shares would hope so!
Carnegie Development, Inc. is a publicly-traded company in the process of being listed on NASDAQ with independent directors. https://www.carnegie-development.com/investors
This is what updated on the investor relations
The R/S when this was ESCU.
What are you talking about? It has never been that high has it?
This needs to get to 28.02 for me to break even. I doubt that will ever happen.
Carnegie Development, Inc. is a publicly-traded company in the process of being listed on NASDAQ with independent directors.
CDJM
Again a little nibbling going on, chances are this may be the last time that shares are available for 2/sh!
A little bit of volume today, could be the start of something real nice down the road!
Escue Energy Inc., ESCU, changed to Carnegie Development Inc., CDJM
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Name and ticker change effect Monday.
$ESCU imagine when people see the contracts for multi property housing, condos, hotels ect... see you at the top! https://t.co/ey1fh4Dxeg
— Connected.algo (@UCitnow) June 5, 2020
Yes, me too. Volume starting to trickle in again.
Nice 10k out. Going to put this one back on radar...
The corporate address is a Mail Drop store located next to a 7-Eleven! Check it out - 3495 Lakeside Drive, #1087 Reno, Nevada
89509. I see great things for this company. Is Gary Kimmons still involved?
Very nice. They are obviously working very hard to get this current
8-K out. Name change coming, and working with SEC to get current.
https://www.otcmarkets.com/filing/html?id=13773066&guid=WZ2vUpLZGS8-i3h
Hold on tight and let the fun begin.
Something is coming here. Today was like a "Tap on the Shoulder".
Going to be fast and furious when ready.
Go ESCU. Low float about to POP OFF.
New website continues to be updated. Blog is also now active
https://www.carnegie-development.com/new-vision-effective-from-nov-2019-time-to-make-money/
ESCU
Seems like we may have something in the pipeline
I'm certainly no expert reading and interpreting these filings but the 10Q doesn't look all that rosey. Could be that there's more to add at a later date, anyone want to add or provide an opinion, it would be appreciated!
Q just out. Haven't had a chance to read it yet.
Try calling the company . they are very responsive
When will we start getting news, or get rid of that Stop Sign?
ESCU. May have experienced the capitulation of the day traders.
I have been buying other positions that have more activity this week, but next week I hope these cheapies are still around, I will be a buyer back up to our last price area, $6 to $7
If not, that is o.k., I already have a nice chunk of shares!!!
ESCU!!$$$
Well, someone got some cheapies today......
Go ESCU !
All good, stay strong because when this pops, gonna make some major money!!!$$$
ESCU!!!$$$
I bought a few more today.......
We had a nice close, and the future looks super promising, imho.
Yes Sir! Patience will win out with ESCU!!!$$
Added another 300 today; slowly buying the dips.
Just added 200 @ 5.10 > thank you!
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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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