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ESCU, you're doing ALL OF THE RIGHT THINGS! I love it that you are not like the typical microcap company that has to live off of announcements and stock valuation!
The patent acquisition is proving to be the KEY MOVE. Good job guys!
ESCU,thanks for pushing forward with the forthcoming SEC S1 filing.
The S1 filing is going to be the icing on the cake. It will make ESCU a reporting company and will aid in eliminating the deposit chill, which is awesome.
Good job guys!
Great website, ESCU! Thank you for sharing the password with me. After looking at it I can see the reason for limited access. Very well done!
Uh, i hope you are not implying that intangible assets are ARBITRARY, or WORTHLESS! You do know that COMPUTER SOFTWARE is an intangible asset, right?
Using your logic the value of major computer software companies is arbitrary and subject to their own determination.
NO.
To clarify, the 2014 ESCU audit contains a footnote that refers to what is called a "subsequent event", meaning there was a MATERIAL EVENT in September, 2015 that, because of its significance, had to be included. That event was the PATENT ACQUISITION and its associated valuation.
The auditor reviewed the documentation and all related evidence associated with the event, which included the patent acquisition agreement as well as the asset appraisal submitted by the independent appraiser. The auditor added the footnote when it made the determination that all was in order.
ESCU will soon be filing unaudited financial statements for the third quarter, 2015 via an SEC 10Q filing. The balance sheet of that report will show the addition of a $40m INTANGIBLE ASSET.
Then, in January or February, ESCU will have the 2015 audit performed, which will also show the asset on the company's books.
The asset has GREAT VALUE in terms of its practical significance for product development as well as serving as COLLATERAL for debt-related, non-dilutive funding.
It is my understanding that ESCU is ALREADY EXPLOITING tha opportunity issuing from this development.
Clickity clack, clickity clack this train's already down the track.
Great things happening ESCU!
HOW IRONIC! For a long time the hue and cry was "GIVE US AN AUDIT". So now, ESCU has delivered. And guess what? It was POSITIVE! Holy cow! This was NOT WHAT SOME WERE EXPECTED, and more important, NOT WHAT THEY WANTED TO HEAR.
So now, ESCU is going to lay its S1 filing in people's laps and it will become an SEC-REPORTING COMPANY. Again, in response to the hue and cry. But what if the S1 is also POSITIVE?
Oh cr*p, more good news. Now what to do??
I'm sure its FRUSTRATING TO SOME that this company is doing ALL OF THE RIGHT THINGS now.
The REALITY is that all signs and actions associated with ESCU are now POSITIVE.
This is going to be an exciting ride!
There are only 168K shares in the float with no anticipated near-term issuances. Lots of positive news is said to be forthcoming. ESCU is pushing hard to uplist and become SEC reporting this year. The company's execs have been paying for everything out of their own pocket to minimize share issuance. All good signs for continued growth in this stock.
Clickity clack, clickity clack. The train has moved on down the track.
ESCU has already gotten traction and from what I hear their funders have NO PROBLEM with the asset valuation. Go ESCU!!
The audit has proven ALL of the accusations about Kimmons to be WRONG. It's time to acknowledge that and move on.
So let me get this straight. ESCU's misleading people by NOT TELLING THEM ANYTHING. Tell me how that works again?
Oh, right. So Kimmons, is Svengali, controlling the Quraeshi's with hypnotism? If he really did want to hang around around to run the new company, don't you think he would have hung onto the VOTING SHARES? I guess that would have made it too easy for him. Ridiculous.
Gosh, I guess Saeed is just not "Internet saavy."
He should have known that everything else in the world that's posted on the Internet is "backed up" and justified.
Shame on him!!
Let's see now, ESCU has not made a single announcement.
Pretty hard to make unfounded claims or create distractions when they HAVE NOT SAID ANYTHING!
NO IT DOESN'T. Anyone who wishes can call the Quraeshis at ESCU to discuss it (just as I did.)
Brilliant! Tell that to the auditor, asset valuation consulting firm and transfer agent. Boy, were they snookered!
As has been stated NUMEROUS TIMES, the current auditor went back to 2006 in the just-published audit to confirm the transactions.
What financials are you looking at? It's definitely NOT the audited financials that were published! No such payment exists.
ANOTHER RETREAD. I've answered this several times. You might want to read one of my posts.
ESCU received its audited financials from the auditor less than 2 weeks ago. Those financials have to be incorporated into the S1 filing, which, according to my phone call to ESCU today, has been done.
I'm sure you will see an SEC filing shortly. Remember, they are paying for the audit and filings out of their own pocket. They want to be fully reporting ASAP so that they can close on funding.
MESSAGE TO YOU:
1. Sohail Quraeshi is in absolute, total control of ESCU. He has voting control and he is termed a "control person" by the SEC because he's an officer and director. SOHAIL IS THE CONTROL PERSON.
2. Madhu Sethi, as COO, is a "control person" because he is an officer and director.
3. Saeed Quraeshi, as Chairman, is a "control person" because he is on the board of directors.
4. Shahmir Quraeshi is a "control person" because he is CFO.
5. Gary Kimmons has been A CONTROL PERSON recently because he has owned at least 10% of the company's shares. It's simply a TERM. Kimmons has absolutely NO CONTROL over ESCU's operations.
Add to that the fact that ESCU has issued 40M shares for its patents. This has taken Kimmons out of the mix. He now holds 2% of the shares.
That would indeed be interesting, since KIMMONS RESIGNED FROM EDWY in August of 2013.
HELLO??? He's GONE.
This is HILARIOUS!!
The answer would be NO ONE. Read the AUDIT!!
In this case it DOES.
READ THE AUDIT. NO shares were sold by Kimmons.
You have asked this question a number of times. Already answered.
HELLO, Gary Kimmons is not with ESCU. Let that sink in.
That's RIDICULOUS. Read the audit.
DID YOU READ THE AUDIT? Kimmons has been exonerated.
This question has been posted a half dozen times. Answers were provided.
WOW, I JUST CAN'T FIGURE THIS ONE OUT EITHER! It's a real MIND BENDER. GOLLY GEEZE.
ESCU is getting a GREAT RESPONSE from the funding sources. The next step is the S1 filing as well as a 10Q for the 3rd quarter of 2015. Filing those ONLY BECAME POSSIBLE WHEN THE AUDIT WAS COMPLETED.
Wild stock swings are common after a reverse split. There were NO TRADES at $19, just a market maker pricing the stock there for a brief time.
"Unenforceable Debt" is not a real term. COME ON NOW.
NOTICE: When critically short of ammunition, follow these steps:
1. Find old ammunition
2. Reload
3. Lock
4. Fire
5. Repeat sequence until new ammunition is secured
If new ammunition is not secured, place sequence on "automatic."
There IS an independent verifiable third party backup. It's called the AUDIT. The audit validates the valuation and credibility of the asset. That's what their function is.
That's been good enough for the funders ESCU is working with overseas.
RIDICULOUS. Absolutely NO TRUTH to any of this post.
What a bunch of cr*p. ESCU has not sent a SINGLE message out to the world. They are not interested in distractions. COME ON NOW!