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So what. This is a new group of people and a new business.
Where does this stuff come from? What "toxic financing"? What "reverse split"?
It's very simple. Funding sources for startups do not like to see their capital used to retire pre-existing debt. They want all of their investment going into expenditures that move the business toward success.
ESCU is saying it will use the money to advance the company. It will negotiate deferred payment for old debt. That's the way it should be done in a startup.
That's correct. None of them have taken a paycheck yet. They've been spending money out of their own pockets. Love it!
Oh, I don't think so. There haven't been any yet. The ticker will start when the S1's approved. Up until then it's their time and their money.
ESCU is not going to move forward with its operations until it has SEC approval. I've already told you that.
Bottom line, who cares? The man hasn't been with the company in years. He has nothing to do with ESCU.
"Control tactics"? LOL. Come on now. That's quite a stretch, isn't it?
The guy hasn't been involved in the company in over 3 years.
You mention references to Kimmons in the S1, but you fail to point out that they're all in the past tense.
Activity will begin when the S1 is approved. It's that simple. There have been no claims otherwise.
New team. New plan. New energy. No Kimmons. That's been clear for some time now. What's not to understand?
You do realize that ESCU is filing the S1 to raise the money it needs to execute it's plan, right? Nothing is going to happen until the S1 is approved.
At the end of the day Kimmons did not keep any shares. So all of this is moot. His net was zero. End of story.
ESCU has been going down the required path with the SEC. There has been no "failure."
ESCU has been going down the required path with the SEC. There has been no "failure."
Kimmons hasn't been around for a long time. What's the point of this kind of negative speculation? ESCU certainly doesn't deserve it.
It takes an average of 5 filings these days to get an S1 approved by the SEC. So ESCU is on schedule.
ESCU just refiled it's S1. There's a good chance it will receive approval from the SEC with this filing.
And the reason for that would be what? First, he did not get paid. Second, there's no reason for "refunding" anything to anyone.
It appears ESCU will begin ramping up soon. Judging by the minimal number of comments the SEC made on it's last S1 filing the company should see the S1 approved soon.
That will set the stage for ESCU's funding and launch.
What does "speculation has failed" mean? This company has not begun promoting it's efforts.
Again, there is no trading suspension, nor has there ever been.
No need to be on OTC Markets until the company makes it's move, which will be as soon as the S1 filing is approved by the SEC. There are only a handful of comments on the last version filed. ESCU anticipates filing the S1 in response to those comments in the next day or two.
And the reason for them to do that would be what? The answer is "no."
Thank you Gary for bringing us the ESCU opportunity! Things are heading in the right direction.
OK, let's be accurate. Kimmons 5-yr accrued salary of $728K was paid to him in restricted shares.
Those shares were subsequently returned by Kimmons back to ESCU in April, 2015.
Net to Kimmons: ZERO
No problem! Check out ESCU's S1 filings for the latest, most up to date information. You can find them here on the Hub.
ESCU will be moving out of the Pinks as soon as it's approved by the SEC.
No need for that.
ESCU is securing the necessary funds to go forward. ESCU is not going to begin production until it secures enough capital to assure its success.
ESCU is completing it's S1 filing. The objective is to use the shares registered via the S1 to secure the necessary funds for going forward.
Also the S1 filing sets the stage for ongoing SEC reportage and the move to a higher exchange. Right now there is no need to stay current on the Pinks.
Again, ridiculous. There are no such allegations. Correspondence with the SEC has been positive and moving to the desired conclusion, which is approval of the S1.
Ridiculous. There is no trading suspension, and there never has been one.
Nothing to worry about.
ESCU is doing just fine. They received a response from the SEC last week regarding their latest S1 filing.
There were only a handful of comments. ESCU anticipates approval with it's next submission (anticipating refiling this week).
Then it's off to the races.
Go ESCU!
Not to worry. No longer a relevant issue.
Irrelevant. This has nothing to do with the current company and it's team. Besides, at the end of the day the records show Kimmons netted very little, if anything.
No comparison to eDoorways. ESCU is a totally new and different company.
Not factual. ESCU does not have a trading suspension. There is a stock clearing chill that applies to people who received physical certificates from the company. The chill will be removed as soon as the recently refiled S1 is approved by the SEC.
Irrelevant. Kimmons is not an officer, director, or shareholder in ESCU.
ESCU just refiled the S1a with the SEC. Looks good. ESCU says they've made all of the modifications the SEC has asked for. Should be good to go!
Kimmons was exonerated from any wrongdoing long ago by the following facts:
1. The independent audit showed no wrongdoing.
2. NO lawsuits.
3. NO SEC investigations.
4. NO FINRA investigations.
5. NO people stepping forward with first-hand knowledge of any inappropriate activity.
6. NO investors providing evidence of trading losses attributable to inappropriate inducement.
6. In short, NO factual evidence has been posted anywhere.
The fact that EDWY and Kimmons kept trying over the years to make something positive happen and published numerous press releases does NOT constitute fraud. Simply posting all the press releases or citing a phone call is not evidence of fraud.
Brilliant. However....
1. Sohail Quraeshi was never an officer, director or control person of EDWY.
2. So far, not a shred of evidence has been provided by anyone that there was fraudulent activity.
That depends on who's making the judgment.