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Yeah, just like he did in the past, selling ZERO shares in the last 15 years. ALL CONFIRMED BY THE AUDIT. There's NOTHING you can hang on Kimmons any more. The audit showed exactly what went down. And Kimmons came out smelling like a rose!
Yes indeed! Stock is going up and things look very promising.
Affordable, clean (green) energy. I spoke with ESCU's CEO this AM. That's the advantage that ESCU's patented technology can potentially deliver to disadvantaged countries like India, Pakistan, and others, countries that heretofore have been unable to deliver electricity to the masses. For example, India still has 300 million people who do not have electricity!
ESCU has connections with these countries as well as countries in Latin America that are showing an interest.
Ridiculous. ESCU owns two patents with a total value of $40M as appraised by an independent valuation expert (firm) in NYC. They paid for the patents with common (restricted) shares. Absolute FACT.
Come on now! Shares have to be registered via a REGISTRATION STATEMENT (S1 filing) in order for the company to obtain an EXEMPTION that removes the restrictive legend from the back of the certificate(s).
S1 filings are readily available for review on Edgar Filings. ESCU is preparing its S1 to register shares and to become an SEC REPORTING company.
If the shares used in the patent purchase had been registered there would be a filing on record, which there is NOT. Beyond that, the shares went to insiders, who would be subject to bleed out restrictions (i.e, no potential for stock dumping.)
That's NOT what this excerpt (common to ALL audits) is talking about. It's simply "legaleze" saying the company might see litigation in the future. Standard boilerplate used as a CYA by auditors.
Why would you assume that? I said COMMON shares. No one said they were free trading. You do realize that for that many shares to be free trading, there would have had to be a registration with the SEC? And that would have been disclosed. ???????
Read the audit. It tells you they were simply common shares.
Each of the annual filings show it. Look for yourself.
ANOTHER BOGUS ASSUMPTION. Who said the Canadian prototype windmill is only making money as a tourist attraction?? LAME.
It's interesting this is such a big deal NOW, since the Series B has been in existence for a HALF DOZEN Years WITHOUT ANY ISSUANCE.
But now that we are apparently in the "land of unicorns" I guess it just may jump up and bite us!!
Ridiculous. And untrue, just like the previous times this has been posted.
Point well-taken!! Saeed has already proven what he can do..that's reflected in the $40M valuation from the NYC appraisal firm.
This is going to be exciting!!
Has anyone seen what just happened at ESCU? Looks like Kimmons delivered BIG TIME before he left. Incredible!!
Wow, I know Ramiro's excited about what can happen now with FZRO.
Right- it just keeps getting better! FACTS:
1. $40m appraisal of booked, audited asset from accredited appraiser!
2. Audited financials that exonerate all past sins
3. S1 being filed for SEC compliance
4. $2.5m loss carry-forward that mitigates future taxes
5. Exciting new technology that could turn the wind power generation industry on its ear.
WOW! If Sohail has any other brothers with these kinds of perks, welcome!!
There is absolutely NOTHING correct about what you just said. If you own a patent and wish to place it on the market, any knowledgeable buyer will request a certified copy of the asset valuation before making their offer. What you THINK it might be worth is irrelevant.
You have to pay to have it valued. Then decide if it is worth what you thought.
The preferred shares were originally issued to contractors in lieu of cash payment. They've been sitting there for five years, unconverted, and have been subjected to reverse splits. That's what the financials say.
NO, that's just a summary. Go back as far as you want. They're on all previous disclosure statements.
So one auditor is crooked out of thousands. What does that prove? Wives cheat on husbands, so no one should marry women?
What PR?? There have not been any. What's wrong with a company acting on an opportunity that comes to them via a relative? Most companies act on relationships they have established.
Ridiculous.
Another bogus statement. Anyone monitoring this stock for years would know that the preferred shares were issued five years ago. They've been on every financial report for years. They have nothing to do with the new team.
How many can you name? Give us one.
All false. The asset has value in many situations that do not involve monetization. Regarding the $40m valuation, that number was not pulled out of the air. It was determined by a licensed and accredited asset valuation firm in NYC hired by Escue. They value the asset using a number of methods.
Yes, they are saying that it's almost ready for filing. They just got the audited financials, which have to be integrated into the document.
ESCU has a great website. You just have to contact the company to get access to its advanced technology.
ESCU is not an Internet website selling pots and pans.
The patented technology will give it a distinct advantage over the competition by making wind turbines more efficient. That's what's required for them to be commercially viable in under-developed countries like India and Pakistan.
Saeed Quraeshi is regarded as one of the top wind turbine experts in the world. He's written numerous books on the subject. I think I'll go with his opinion.
Kimmons is not involved with ESCU. Read the audit. Also, ESCU is not required to file with the SEC.
However, they are saying they will be filing to become SEC compliant now that the audit is complete.
The word is they are filing an S1 immediately to become SEC compliant and to remove the DTC chlll. All good news.
BREAKING NEWS: ESCU Audit Shows NO SCAM
And the problem would be?
Purchasing a valuable tech asset that will drive company revenue with stock is no issue.
Looks like Gary left a nice present behind for the EDWY shareholders.
Clean, audited financials, a new company with a great business opportunity, a $40m asset on the balance sheet, and a $2.5M loss carry-forward to cap things off.
Wow. Good for him!!
No one is "pushing buys". I'm simply stating that getting hung up over someone who has not sold any EDWY shares for a dozen years, is in no way associated with ESCU operationally and has not been involved with EDWY for almost 3 years falls into the category of "obsession."
It's time to get on board with ESCU. New company. New team. It's not about relics from the past.
Like I said, things have moved on. Those waiting for Kimmons to prove himself at ESCU are in for a long wait. He's long gone. The issue is dead.
ESCU is a new company with quality people. They deserve the benefit of the doubt until they prove otherwise.
I seem to be the only one speaking on their behalf on this board. I have no problem with that.
There's not a shred of evidence that Kimmons has anything to do with ESCU. This is an entirely new group of guys pursuing their vision. It's that simple.
ESCU has not issued any PRs. They have not asked anyone to invest a dime since their inception.
I'm sure they will provide investors with sufficient information to make a wise decision when the time arises.
And what would those questions be? Educate me. I don't see the reason for the fixation.
Kimmons has been gone for two and a half years. He has obviously moved on. There is absolutely NO evidence of his involvement in ESCU.
From what I hear ESCU is making good progress with their audit and SEC filing preparation. They are sticking with the basics and getting everything squared away.
Kimmons is not involved in their operations. As such he is no longer an issue.
Kimmons is a large shareholder. He is not contractually linked to the company as an officer, director, consultant, or employee.
Quraeshi owns all of the voting shares and therefore exerts total control over the company. Kimmons has absolutely no say over what goes on. Therefore, he is not "linked" to the company any more than any other shareholder.