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STOP IT. Kimmons resigned in August of 2013. It's stated in the S1 and in every filing made since then. End of story.
Stalled? Right! The company has not even begun to promote itself. Anyone looking to buy and flip this stock are in the WRONG GAME.
This is a real company taking its time to do things the right way.
IMO, any reference to eDoorways and the past is MOOT.
Trying to connect the two is MEANINGLESS.
The audit and S1 effectively ELIMINATED any remaining questions.
NEW TIME. NEW COMPANY.
Anyone with a level 2 screen can see that there are only a few hundred shares available to trade.
One more time, Kimmons DID NOT make $700,000 or anything clese to it.
The audit proved that.
Yes, I understand the S1 process.
The S1 will not be effective until the SEC designates it as such.
What we LEARNED YESTERDAY:
1. ESCU, (formerly EDWY) is, indeed, FOR REAL. What we are looking at just may be a bonified RISING STAR. It will be fun to watch and see just how bright that star may shine.
2. This is a looming OPPORTUNITY no one anticipated (except, perhaps, Gary Kimmons), and for that we should be thankful.
3. It's a TOTALLY NEW BALL GAME with a NEW TEAM playing on the field. That's an EXCITING PROPOSITION in itself.
4. A company plagued for years by failure and missed opportunity has arisen to show NEW LIFE in TOTAL CONTRADICTION to the naysayers.
5. The alleged MISDEEDS OF THE PAST, I'm a talking about KIMMONS, have been proven by the AUDIT and S1 to be MUCH ADO ABOUT NOTHING. With no desire to trivialize the issue, it's now easy to see that Kimmons has taken a great deal of MIS-DIRECTED CRITICISM and ABUSE. There's ABSOLUTELY NOTHING in the new filings that points to illegal or inappropriate action or ill-gotten financial reward.
Perhaps those who criticised Kimmons unfairly will be able to re-direct their focus to a POSITIVE GOAL - cheering the born-again ESCU to a VICTORY THAT WE ALL DESERVE. That, of course, would be a GOOD THING.
It's abundantly clear that a POSITIVE OUTCOME is there for ALL OF US if we so desire.
"Going concern" is an accounting term that CPAs use to categorize public companies. It means that the company would not be able to sustain its operations for more than 6 months given its current cash reserves and income. It's common to see it in the filings of new public companies.
ESCU is NOT a repackaged EDWY. That should be obvious from the company's S1.
EDWY, the public corporation, changed its name, secured a new management team, and recapitalized its assets. When that happens the company continues to carry its history forward.
The SEC will generally reply to the S1 with their comments in about 3 weeks. ESCU will submit the required clarifications (generally there are a few) and then the SEC will reply a second time. The process will continue until the SEC is comfortable. Then it will provide its approval and ESCU will be able to move forward with its funding, pursuing up-listing, etc.
The valuation is not in question as it relates to the SEC. It's incorporated into the certified audit submitted by the auditor as a part of the S1. If you want to know who provided the valuation, call ESCU and I'm sure they will tell you. It's not a big secret.
Regarding Kimmons, he was NEVER paid $700,000 or anything close to it. If that had occured, it would have been incorporated into the audited financials. Kimmons has been exonerated. There are NO DARK SECRETS.
Kimmons is no longer a part of ESCU. He's not a Control Person or an affiliate. If he was, his name would have been included in the S1. Kimmons is gone.
IMPORTANT NOTE: Gary Kimmons and the Kimmons Family are NOT MENTIONED in the S1.
Why? Because they are NO LONGER considered to be a CONTROL PERSON OR ENTITY or an AFFILIATE.
The S1 makes it unequivocally clear that this is a new company with a new team in place that marches by its own drumbeat.
S! submission by ESCU is FULL AND COMPLETE DISCLOSURE.
Securities attorneys regard submission of an S1 as the ULTIMATE form of disclosure because it includes ALL OF THE COMPANY'S SECURITIES ACTIVITIES.
By taking this action, ESCU has fully opened its kimono for the world to see.
And guess what? There ARE NO DARK SECRETS! OMG, WHO would have thought?
Looks like Kimmons DELIVERED in a big way!
ESCU just filed its S1 and appears to be a candidate to go on Nasdaq Small Cap.
That would never have happened without Gary.
Great things are also ahead for FZRO!!
Possibility of NASDAQ Small Cap.
Upon SEC APPROVAL of the S1 it appears that ESCU may qualify for upgrade to NASDAQ.
AWESOME!!! Great job, ESCU!! This is the key step for:
1. SEC full reporting status
2. Procurement of institutional funding
3. DTC chill removal
4. Upgrade to a higher market
Well done, guys!!
Nevada SOS shows the employees of ESCU. It trumps everything else.
WOW, the BID is UP 30 cents to $2.80!!! Way to go ESCU!
Very TIGHT SPREAD, which is a great indicator.
According to Jordan, Mitchell will be there when he's needed.
No one has "jumped ship." As stated before, there are NO staffing issues.
There is NO LINK whatsoever to Watson.
He was a consultant to EDWY 7 years ago.
There is NO relationship whatsoever.
I called and spoke with Dr. Jordan. All is well.
There are no staffing issues.
No debt associated with Kimmons on the ESCU financials.
The only outstanding debt is $300K plus $18k interest owed to AJW Fund, an offshore fund originally associated with NIR, a hedge fund.
There has been NO EVIDENCE of any "scam" associated with Kimmons or this team.
WHOLLY UNTRUE. I've known Kimmons for a long time and followed his career.
Hmmm, "unenforceable debt". Dunno about that one! Is that like ALIMONY?
I would say that if they can make THAT OBJECTIVE A REALITY by 2020 it would be AMAZING!!
The objective is a real challenge.
This is SO FAR OUT it's ridiculous. IMO IMO IMO
First, NO ONE has stepped forward with a claim. That's probably because there ARE NO legitimate claims.
Second, Kimmons did not make significant money from EDWY. By all appearances he LOST MONEY. That's proven by the Audit.
Why, then, would Kimmons be expected to incur additional personal loss?
At this point Kimmons is simply a shareholder.
As such it's no one's business what he may or may not be doing.
No one cares about a consultant to ESCU from SEVEN YEARS AGO.
UNTRUE. "Unenforceable debt" is a made-up term. There is no such term in public accounting.
As before, UNTRUE. It's already a DONE DEAL.
OTC Markets has the resignation letter posted since 2013.
OMG, there's no trading volume!
Maybe that's because the share structure is so tight (float of only 165K shares) that there are very few shares available to trade, and even fewer shareholders willing to sell. And ESCU has money in its pocket with no need to liquidate shares (which it also does not have.)
Golly, the last time I heard, that's the formula for a WINNING TICKET.
I'm sure that the Kimmons are feeling pretty good right now.
ESCU has NOT ANNOUNCED the details of its technology. Therefore, speculation about it is PREMATURE.
Educate me. What are the S1 filing requirements that ESCU does not meet??
RS happened in June, Kimmons left the company several years ago.
WOW,all of the answers on this blog. Unfortunately, NONE of THEM are right.
Ugh, no one cares.
Kimmons is GONE. His departure has been known and accepted for almost 3 years.
Filed Form 15. Nuff said.
But NO shares sold by KIMMONS.
ESCU, THANK YOU for completing the audit quickly and effectively, thereby CONFIRMING