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This narrative is a TOTAL MYTH. Much ado about NOTHING. End of story.
Yes, ESCU did!! Awesome patent acquisition, brilliant technical guy. Go Saeed!
NONE from Kimmons, Jordan or FlashZero Corp.
There is no Form 4 saying Kimmons sold shares. Also the last quarterly Disclosure Statement showed they were still restricted. Until this past week Kimmons was an affiliate subject to bleedout restrictions. Also, there has been no trading volume reflecting that kind of volume.
I'm not sure what this isn't registering, but KIMMONS HAS ABSOLUTELY NO INVOLVEMENT WITH ESCU. Why is that so hard to fatham?
IT DOES NOT.
The S1 says that Kimmons received $713k worth of COMMON STOCK as BACK PAYMENT for deferred accrued compensation. NO CASH.
Kimmons was not an employee of ESCU in 2014.
This makes ABSOLUTELY NO SENSE.
If Kimmons or his family was an officer or director of ESCU or holder of 5% or more of the stock it would have been in the audit or S1.
PERIOD.
ALL of the line items of this post are FACTUALLY INACCURATE as indicated by the ESCU audit and S1 filing. This has been been pointed out several times.
This question has been answered here numerous times. Institutional investors, those being targeted by this company because they can bring large amounts of capital to the project in a short period of time, require LIQUIDITY. They want an EXIT STRATEGY. The public business model facilitates that requirement nicely.
ESCU is targeting large projects and national markets. The required growth capital will be quite large as well.
Regarding the proclamation that the asset valuation is "absurd", I would say there's a fundamental misunderstanding of the nature of the technology and scope of the international market. Obviously the asset appraiser and auditor have a clear understanding of what those are.
In short, what ESCU is doing MAKES PERFECT SENSE.
No biggie. There are quite a few investors calling to show their interest in the company and its stock.
And demand is STRONG for ESCU's VERY LIMITED STOCK, evidenced by the rock solid share price.
Go ESCU!!
And there you have it. A NEW MYTH is born!!
Ah, another FAUX MYSTERY! I spoke with ESCU. Saeed and several others are part of Escue Wind S.L. in Spain. As such they share BENEFICIAL OWNERSHIP in the 40M shares of ESCU America. Saeed is quite happy with his share.
Much ado about NOTHING.
SIMPLE. There are shares and shareholders who were ALREADY IN THIS STOCK before Dr. Jordan and his team came in.
Any one of those shareholders can hire a promoter at ANY TIME without the knowledge or consent of FZRO management.
All of this has been REFUTED by the AUDIT. No semblance of TRUTH to any of it.
By whom? The company is not selling.
IMO NONE of this is relevant or true.
There is NO link between EDWY and ESCU.
Go ESCU. Stock is UP!!
Gary, THANK YOU for bringing us the ESCU opportunity as your LAST ACTION before LEAVING THE COMPANY.
ESCU is an exciting chance for a new start. A new team. A new business model.
These are truly exciting times for ESCU shareholders!
Let me spell this out as simply as I can.
1. There are only 165K shares available to trade. Period. And it doesn't look like those holding the shares are interested in SELLING.
2. Quraeshi has NO INTEREST pushing trading volume right now. ESCU is getting funding via a bank that's lending against the asset. As amazing as this may sound Sohail is focusing on getting customers, not establishing liquidity in the market.
These factors are, in fact, a POSITION OF STRENGTH for ESCU.
I'm already answered the question about Kimmons.
OK, here's something to chew on:
1. Kimmons is NOT the CEO, Dr. Ramiro Jordan is. Ramiro is running the show.
2. Where is the EVIDENCE that the company sold stock to a financier?
3. The company has MADE NO ANNOUNCEMENTS and is JUST GETTING GOING. I'm sure FZRO will go the route of ESCU and get it's audit going soon.
EASY ENOUGH.
1. The early-on success of the Smart One product and technology.
2. The ESCU opportunity, which is AWESOME.
Want more?
Hello? Say what? There has to be an independent appraiser to render an opinion about the value of the asset, or the auditor will not place it on the books. That's GAP accounting 101.
The "proof" is that it's on ON THE BOOKS.
That's right. MILLIONS and MILLIONS of dollars of selling that Kimmons apparently pulled out of his *ss.
That guy is a stock selling virtuoso!!
You're right...SILLY!!
The certified auditor may elect to answer that question. However, they are not REQUIRED to answer the questions of every shareholder that comes their way.
NO it doesn't. An independent certified appraiser evaluated the asset. The appraiser would NEVER jeopardize its professional reputation to be part of a "shell game."
Come on now!!
Hmmm, maybe because Kimmons had NOTHING TO DO WITH IT.
THE SKY IS FALLING! THE SKY IS FALLING! Gary Kimmons is making the FZRO sky fall!
And the EVIDENCE for that would be what??
Did Kimmons make an announcement touting the stock? Well, NO..
Did he file with the SEC indicating he's dumping shares? Well, NO...
Does he even have FTS to sell? Well, NO...
Does the company have debt to convert and sell? Well, NO...
Hmmm, that Kimmons' a REAL MAGICIAN!!!
WONDER HOW IT PULLED THIS ONE OFF???
And what exactly is the "scam?"
I'm checking it in the ESCU audit and I don't see anything that's "out of bounds."
No it doesn't. ESCU has done everything "by the books." All of the professionals have been satisfied with their approach including the auditor and SEC attorneys.
Way to go ESCU!!
Exactly HOW would Kimmons have shielded investors from 3rd party stock promotions. Explain what he could have done.
It doesn't matter. All that matters is the INDEPENDENT VALUATION.
How much sweat equity or capital they have tied up in the patent is MOOT.
Oh really? Show us something that connects Kimmons to Stockmister. Did FZRO hire them? Where does it say that?
Brand new company. Brand new opportunity. Brand new team. A clean bill of health. Need I say more?
That's because he was telling everyone the TRUTH. It's very expensive to undertake what ESCU just did. I guarantee they have at least DOUBLE tied up in what's going on rather than the basic expenses listed.
Kimmons was under-capitalized from the start. Contrary to the assertion that he simply conducted promotions and dumped shares, Kimmons worked hard to pull it together. One thing is clear - the audit VINDICATED Kimmons from any wrong doing. Period.
It's time to move on.
It doesn't matter. They're a private company and therefore are not required to divulge that information.
The bottom line is that the value of the patents was established independently by an accredited appraiser. The appraiser obviously recognized their value and potential.
Apparently from what I hear there are several financial sources who appreciate what is happening and want to play a key role.
Awesome!!
The AUDIT answered all of these questions, and the answers ALL SUPPORT KIMMONS.
Gary Kimmons has not been involved with the company for several years. Kimmons resigned as CEO on August 15th, 2013.
He did not receive $700,000 as salary in 2014. On March 25, 2014 EDWY entered into a settlement agreement with Kimmons. 1,456,702, 076 common shares were issued to Kimmons based on the terms of an employment agreement entered into on the 1st day of January, 2012 between EDWY and Kimmons.
The shares issued were compensation-in-full for the outstanding amount owed of $713,784 for accrued and unpaid services rendered during the years prior to Kimmons resignation in 2013.
That's easy. There ARE NO PARALLELS between EDWY and ESCU.
One of them is a DISTANT MEMORY with no relevance to what is going on today.
I have not heard this concern expressed by ANYONE ELSE.
Ha Ha. NO, it doesn't.
WOW! Apparently Kimmons is AMAZING! He resigns in 2013 only to find a way to steal $700k from the company's coffers WITHOUT A TRACE in 2014.
How in the HECK did he pull that off?? There's absolutely NO EVIDENCE in the audit or S1 filing.
GENIUS!!!