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The "certified asset valuation specialist" mystery continues.
This is the same way Kimmons would play his hand.
Its obviously not good news if the company is telling individuals who did the appraisal and those people are not shouting it from the hilltops.
If it was anyone with any credibility or name recognition we would be hearing about it ad nauseam from the company.
But, because it was a valuation placed on the patent by the family of this old man who doesn't seem to even be aware that this company exists, it is going to remain a secret.
Same scam, new ticker
Kimmons just had to find a new ticker that didn't have a chill so he could continue the scam. Lucky for FZRO investors, this is where he landed.
Still no accomplishments for Gary? Let the promotions and dumping begin. Creating hype and volume for shareholders with discounted shares to unload into is the only business model Kimmons knows. New name. Same game.
This is exactly how Kimmons has spent his entire career.
"Ambiguity", "Free Trading Stock", "Volume" and the "Reset Button"
Sounds like they hit the rest button again.
Don't worry about all the other things you were waiting for.
Don't worry about it shareholders that is all old news. This has been going on since 1988 and some how this time its going to be different??
Wind Escue SL was started a couple of months ago. How much did they pay for the patents that ESCU just bought for 40,000,000 shares at a value of $1.00 per share?
Related Party Transactions
On September 1, 2015, the Company entered into a Patent Sale Agreement with Escue Wind S.L, a Spanish corporation (the "Seller), whereby the Company acquired certain United States and Canadian Patents for a "Straight-Bladed Vertical Axis Wind Turbine". The consideration paid by the Company to the Seller is 40,000,000 shares of the Company's common stock, with the total value of the transaction being $40,000,000.00. The Chief Executive Officer of the Seller is Sohail Quraeshi, who is also the Chief Executive Officer, President and a Director of the Company, Sohail Quraeshi is the record owner of Escue Wind S.L.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10967047
Sohail Quraeshi- Chief Executive Officer, President and Director of ESCU
Sohail Quraeshi is also the holder of the Series A shares that give him 75% voting rights for ESCU.
I wonder if Saeed even knows whats going on? He owns no shares of the company and I don't see an employment contract for him in the S1.
I wonder what other interesting information can be found in the S1.
Kimmons was involved or he failed to shield his investors from a malicious group that ran a P&D on his shell company. Interesting that this same group is following Kimmons again. I think we all can see what is going on. There is plenty of money to be made but retail investors are the ones paying of the insiders. Kimmons has been doing this the 1980's.
You will have to wait until 2020.
Authorized Share History
06/23/2015___Reverse Split 1 for 2000 Decrease
01/28/2014___2,500,000,000
05/17/2013___1,000,000,000
They changed par value from .0001 to .00001 at the same time they increase the A/S to 1,000,000,000
05/06/2013___700,000,000 - Changed to a Nevada Corp
10/12/2012___100,300,000
06/12/2012___ 60,300,000
02/24/2012___ 40,300,000
10/27/2011___ 15,600,000
10/27/2011___ Reverse Split 1 for 1000 Decrease
09/27/2011___ 8,000,000,000
08/30/2011___ 7,000,000,000
08/22/2011___ DTC Imposes a "chill" on eDoorways
05/27/2011___ 6,000,000,000
03/01/2011___ 5,000,000,000
11/12/2010___ 3,000,000,000
10/09/2010___ eDoorways says: "Buy now to increase your ownership percentage of the new company"!!
05/27/2010___ 2,000,000,000
05/11/2010___ eDoorways files Form 15 (no longer reports to SEC)
12/04/2007___ 1,000,000,000
09/24/2007___ Reverse Split 1 for 2000 Decrease
05/18/2005___ Reverse Split 1 for 200 Decrease
04/03/2002___ Reverse Split 1 for 10 Decrease
Anyone who bought shares to increase their ownership percentage was hit with constant share increases over the next year. They announced a reverse split 12 months after presenting this opportunity to own a percentage of a new company. To add insult to injury, when a CEO for the new company is finally announced, they break the news that there will be no distribution of LRI shares to EDWY share holders.
This can be confirmed at:
http://corp.delaware.gov/contact.shtml
http://nvsos.gov/sosentitysearch/
I wonder why Kimmons always claimed the audit and legal fees to file the S1 were what was holding things up? I guess it was just easier to hand out free trading discounted shares and run promotions. Just like Kimmons is about to do over at his other ticker FlashZero.
The estimated expenses of this offering in connection with the issuance and distribution of the securities being registered, all of which are to be paid by the Registrant, are as follows:
SEC registration fee
$600
Accounting & Administrative expenses
$19,400
Legal fees
$15,000
Total
$35,000
More about Escué WIND SL
The "certified asset valuation specialist" mystery continues.
This is the same way Kimmons would play his hand.
Its obviously not good news if the company is telling individuals who did the appraisal and those people are not shouting it from the hilltops.
If it was anyone with any credibility or name recognition we would be hearing about it ad nauseam from the company.
But, because it was a valuation placed on the patent by the family of this old man who hasn't done anything since the 1980's we are going to keep it a mystery.
This isn't the first time Gary Kimmons worked with Stockmister. They worked together promoting the same "business" over at eDoorways.
Wind Escue SL was started a couple of months ago. How much did they pay for the patents that ESCU just bought for 40,000,000 shares at a value of $1.00 per share?
Related Party Transactions
On September 1, 2015, the Company entered into a Patent Sale Agreement with Escue Wind S.L, a Spanish corporation (the "Seller), whereby the Company acquired certain United States and Canadian Patents for a "Straight-Bladed Vertical Axis Wind Turbine". The consideration paid by the Company to the Seller is 40,000,000 shares of the Company's common stock, with the total value of the transaction being $40,000,000.00. The Chief Executive Officer of the Seller is Sohail Quraeshi, who is also the Chief Executive Officer, President and a Director of the Company, Sohail Quraeshi is the record owner of Escue Wind S.L.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10967047
Sohail Quraeshi- Chief Executive Officer, President and Director of ESCU
Sohail Quraeshi is also the holder of the Series A shares that give him 75% voting rights for ESCU.
I wonder if Saeed even knows whats going on? He owns no shares of the company and I don't see an employment contract for him in the S1.
I wonder what other interesting information can be found in the S1.
Value of the comapany is based on what the family thinks their dad's patent is worth.
Intangible Asset:
In accounting, any asset that cannot be seen or touched. Intangible assets include things like patents and brand recognition, which add value to a company, but are difficult to price. Intangible assets explicitly do not include actual things, such as widgets, a widget factory, or the land upon which the widget factory is built. Because of the difficulty in pricing, intangible assets are sometimes not included in a company's valuation.
No more Mitchell. I wonder why he would jump ship?
On January 25th, 2015, the Company elected new management and directors. Dr. Ramiro Jordan joined FlashZero as CEO and Director. Gary Kimmons will report to Dr. Jordan as President, CFO, Treasurer, and Chairman.
http://ih.advfn.com/p.php?pid=nmona&article=67158824
These guys are involved with Ajene Watson?!! Is that a good thing?
Isn't Ajene Watson the guy involved in the lawsuit Podkay posted about some time ago?
Page 7:
The lawsuit mentions EDWY, UCHB and OTHM as other companies that attorney Licht found were harmed in the manner Simulated was. He notes that he finds information regarding this (page 3) by using "various filings with the SEC". Licht accuses the defendants of (his words):
* fraudulent activities
* conspiracy
* perpetuated a scheme
* deception
* injury to investors
* racketeering
The list seems to go on and on. Fake press releases. Selling shares immediately that were supposed to be restricted. Etc.
The way things were purported by Licht to have been done are explained on page 15. The pattern includes duping the management. Licht was the managing director of Simulated (SMEV).
Page 20 is what I find very interesting and explains why EDWY was mentioned in the lawsuit. One of the defendants emails to Licht. The email says "we are expanding another client's credit facility from $500k to $2mm. There is a notation (number 4). If you go to the notation it says:
"This comment is associated with another company -E-Doorways, also traded on PinkSheets. Unfortunately, at the hands of the Defendants, EDWY has suffered the same fate as Simulated. Its stock was decimated by "pump-and-dump" scheme and they have never seen the credit facility or neither $500,000 nor the $2,000,000. These announcements amounted to nothing more than hype".
That IMO is significant. This is not some anonymous poster on a board. This is not somebody just asserting their opinion or asking a question via a bogus AOL email address. Not even close! This is a licensed attorney bringing formal litigation. Very substantial litigation IMO after he did a lot of research. Fascinating stuff!
If you take a look at some of the defendants they seem to be doing pretty well. A couple of million dollar house in Florida one has and another pushing $5 million up in the east. Compared to G.K. who could not pay his bills at times and as best I can tell lives in a apartment by a strip center/mall.
G.K. apparently did not get on the pump-and-dump gravy train? The opposite is true according to lawyer Licht and he puts in writing in a very real lawsuit. He says EDWY and other companies were, according to the lawsuit, defrauded, conspired against, deceived, etc.
This may make some people pause and take a breath and wonder what was the impact of such activity on EDWY in the past and present. And what it did to not only SMEV but the other companies mentioned and their shareholders.
http://www.scribd.com/doc/112739347/Watson
The team is already jumping ship. No mention of Crosscope or Mitchell in the latest PR. They also call Kimmons CFO now. Hold on to your wallets. I wonder why Mitchell wouldn't want to stick around for another great Kimmons opportunity?
I love that they call Kimmons' lawyer's office their office. No one from the company is in the office with Arne Ray. Almost makes it sound like they are actually working on something besides pictures and the next world changing PR. Its also funny that they have plans to move to California when things ramps up. From Ray's office to Kimmons' apartment. WOW!!! I bet they will even PR that move. Its the same old made up Kimmons garbage over and over again.
The audited "numbers" are based on unenforceable debt. The second a single dollar flows into this company there will be an avalanche of litigation filed to reclaim what Kimmons has stolen.
Debt doesn't just go away...
Authorized Share History
06/23/2015___Reverse Split 1 for 2000 Decrease
01/28/2014___2,500,000,000
05/17/2013___1,000,000,000
They changed par value from .0001 to .00001 at the same time they increase the A/S to 1,000,000,000
05/06/2013___700,000,000 - Changed to a Nevada Corp
10/12/2012___100,300,000
06/12/2012___ 60,300,000
02/24/2012___ 40,300,000
10/27/2011___ 15,600,000
10/27/2011___ Reverse Split 1 for 1000 Decrease
09/27/2011___ 8,000,000,000
08/30/2011___ 7,000,000,000
08/22/2011___ DTC Imposes a "chill" on eDoorways
05/27/2011___ 6,000,000,000
03/01/2011___ 5,000,000,000
11/12/2010___ 3,000,000,000
10/09/2010___ eDoorways says: "Buy now to increase your ownership percentage of the new company"!!
05/27/2010___ 2,000,000,000
05/11/2010___ eDoorways files Form 15 (no longer reports to SEC)
12/04/2007___ 1,000,000,000
09/24/2007___ Reverse Split 1 for 2000 Decrease
05/18/2005___ Reverse Split 1 for 200 Decrease
04/03/2002___ Reverse Split 1 for 10 Decrease
Anyone who bought shares to increase their ownership percentage was hit with constant share increases over the next year. They announced a reverse split 12 months after presenting this opportunity to own a percentage of a new company. To add insult to injury, when a CEO for the new company is finally announced, they break the news that there will be no distribution of LRI shares to EDWY share holders.
This can be confirmed at:
http://corp.delaware.gov/contact.shtml
http://nvsos.gov/sosentitysearch/
You will have to wait until 2020.
Isn't Ajene Watson the guy involved in the lawsuit Podkay posted about some time ago?
Page 7:
The lawsuit mentions EDWY, UCHB and OTHM as other companies that attorney Licht found were harmed in the manner Simulated was. He notes that he finds information regarding this (page 3) by using "various filings with the SEC". Licht accuses the defendants of (his words):
* fraudulent activities
* conspiracy
* perpetuated a scheme
* deception
* injury to investors
* racketeering
The list seems to go on and on. Fake press releases. Selling shares immediately that were supposed to be restricted. Etc.
The way things were purported by Licht to have been done are explained on page 15. The pattern includes duping the management. Licht was the managing director of Simulated (SMEV).
Page 20 is what I find very interesting and explains why EDWY was mentioned in the lawsuit. One of the defendants emails to Licht. The email says "we are expanding another client's credit facility from $500k to $2mm. There is a notation (number 4). If you go to the notation it says:
"This comment is associated with another company -E-Doorways, also traded on PinkSheets. Unfortunately, at the hands of the Defendants, EDWY has suffered the same fate as Simulated. Its stock was decimated by "pump-and-dump" scheme and they have never seen the credit facility or neither $500,000 nor the $2,000,000. These announcements amounted to nothing more than hype".
That IMO is significant. This is not some anonymous poster on a board. This is not somebody just asserting their opinion or asking a question via a bogus AOL email address. Not even close! This is a licensed attorney bringing formal litigation. Very substantial litigation IMO after he did a lot of research. Fascinating stuff!
If you take a look at some of the defendants they seem to be doing pretty well. A couple of million dollar house in Florida one has and another pushing $5 million up in the east. Compared to G.K. who could not pay his bills at times and as best I can tell lives in a apartment by a strip center/mall.
G.K. apparently did not get on the pump-and-dump gravy train? The opposite is true according to lawyer Licht and he puts in writing in a very real lawsuit. He says EDWY and other companies were, according to the lawsuit, defrauded, conspired against, deceived, etc.
This may make some people pause and take a breath and wonder what was the impact of such activity on EDWY in the past and present. And what it did to not only SMEV but the other companies mentioned and their shareholders.
http://www.scribd.com/doc/112739347/Watson
The audited "numbers" are based on unenforceable debt. The second a single dollar flows into this company there will be an avalanche of litigation filed to reclaim what Kimmons has stolen.
Debt doesn't just go away...
They don't have any assets, just an agreement to issue a ton of shares in exchange for a couple of patents valued at $40 million. Who exactly valued these patents at $40 million?
On September 1, 2015, this company signed an agreement to purchase two patents, [a] US 6394745B1 of 28-MAY-2002 Wind Turbine; and Canada 2309850 of 2005/06/07 Wind Turbine, both are valued for a total value of $40 Million which consideration is payable by share issuance for the same value, on or before November 30, 2015. The financial conditions are expected to change significantly with new projects to use Wind Turbines, based on these two patents.
I don't see a record of the purchase in the audit.
They don't have any assets, just an agreement to issue a ton of shares in exchange for a couple of patents valued at $40 million. Who exactly valued these patents at $40 million?
On September 1, 2015, this company signed an agreement to purchase two patents, [a] US 6394745B1 of 28-MAY-2002 Wind Turbine; and Canada 2309850 of 2005/06/07 Wind Turbine, both are valued for a total value of $40 Million which consideration is payable by share issuance for the same value, on or before November 30, 2015. The financial conditions are expected to change significantly with new projects to use Wind Turbines, based on these two patents.
I don't see a record of the purchase in the audit.
The audited "numbers" are based on unenforceable debt. The second a single dollar flows into this company there will be an avalanche of litigation filed to reclaim what Kimmons has stolen.
Debt doesn't just go away...
Authorized Share History
06/23/2015___Reverse Split 1 for 2000 Decrease
01/28/2014___2,500,000,000
05/17/2013___1,000,000,000
They changed par value from .0001 to .00001 at the same time they increase the A/S to 1,000,000,000
05/06/2013___700,000,000 - Changed to a Nevada Corp
10/12/2012___100,300,000
06/12/2012___ 60,300,000
02/24/2012___ 40,300,000
10/27/2011___ 15,600,000
10/27/2011___ Reverse Split 1 for 1000 Decrease
09/27/2011___ 8,000,000,000
08/30/2011___ 7,000,000,000
08/22/2011___ DTC Imposes a "chill" on eDoorways
05/27/2011___ 6,000,000,000
03/01/2011___ 5,000,000,000
11/12/2010___ 3,000,000,000
10/09/2010___ eDoorways says: "Buy now to increase your ownership percentage of the new company"!!
05/27/2010___ 2,000,000,000
05/11/2010___ eDoorways files Form 15 (no longer reports to SEC)
12/04/2007___ 1,000,000,000
09/24/2007___ Reverse Split 1 for 2000 Decrease
05/18/2005___ Reverse Split 1 for 200 Decrease
04/03/2002___ Reverse Split 1 for 10 Decrease
Anyone who bought shares to increase their ownership percentage was hit with constant share increases over the next year. They announced a reverse split 12 months after presenting this opportunity to own a percentage of a new company. To add insult to injury, when a CEO for the new company is finally announced, they break the news that there will be no distribution of LRI shares to EDWY share holders.
This can be confirmed at:
http://corp.delaware.gov/contact.shtml
http://nvsos.gov/sosentitysearch/
You will have to wait until 2020.
This company is involved with Ajene Watson?
Isn't Ajene Watson the guy involved in the lawsuit Podkay posted about some time ago?
Page 7:
The lawsuit mentions EDWY, UCHB and OTHM as other companies that attorney Licht found were harmed in the manner Simulated was. He notes that he finds information regarding this (page 3) by using "various filings with the SEC". Licht accuses the defendants of (his words):
* fraudulent activities
* conspiracy
* perpetuated a scheme
* deception
* injury to investors
* racketeering
The list seems to go on and on. Fake press releases. Selling shares immediately that were supposed to be restricted. Etc.
The way things were purported by Licht to have been done are explained on page 15. The pattern includes duping the management. Licht was the managing director of Simulated (SMEV).
Page 20 is what I find very interesting and explains why EDWY was mentioned in the lawsuit. One of the defendants emails to Licht. The email says "we are expanding another client's credit facility from $500k to $2mm. There is a notation (number 4). If you go to the notation it says:
"This comment is associated with another company -E-Doorways, also traded on PinkSheets. Unfortunately, at the hands of the Defendants, EDWY has suffered the same fate as Simulated. Its stock was decimated by "pump-and-dump" scheme and they have never seen the credit facility or neither $500,000 nor the $2,000,000. These announcements amounted to nothing more than hype".
That IMO is significant. This is not some anonymous poster on a board. This is not somebody just asserting their opinion or asking a question via a bogus AOL email address. Not even close! This is a licensed attorney bringing formal litigation. Very substantial litigation IMO after he did a lot of research. Fascinating stuff!
If you take a look at some of the defendants they seem to be doing pretty well. A couple of million dollar house in Florida one has and another pushing $5 million up in the east. Compared to G.K. who could not pay his bills at times and as best I can tell lives in a apartment by a strip center/mall.
G.K. apparently did not get on the pump-and-dump gravy train? The opposite is true according to lawyer Licht and he puts in writing in a very real lawsuit. He says EDWY and other companies were, according to the lawsuit, defrauded, conspired against, deceived, etc.
This may make some people pause and take a breath and wonder what was the impact of such activity on EDWY in the past and present. And what it did to not only SMEV but the other companies mentioned and their shareholders.
http://www.scribd.com/doc/112739347/Watson
Sold very few shares?
Authorized Share History
06/23/2015___Reverse Split 1 for 2000 Decrease
01/28/2014___2,500,000,000
05/17/2013___1,000,000,000
They changed par value from .0001 to .00001 at the same time they increase the A/S to 1,000,000,000
05/06/2013___700,000,000 - Changed to a Nevada Corp
10/12/2012___100,300,000
06/12/2012___ 60,300,000
02/24/2012___ 40,300,000
10/27/2011___ 15,600,000
10/27/2011___ Reverse Split 1 for 1000 Decrease
09/27/2011___ 8,000,000,000
08/30/2011___ 7,000,000,000
08/22/2011___ DTC Imposes a "chill" on eDoorways
05/27/2011___ 6,000,000,000
03/01/2011___ 5,000,000,000
11/12/2010___ 3,000,000,000
10/09/2010___ eDoorways says: "Buy now to increase your ownership percentage of the new company"!!
05/27/2010___ 2,000,000,000
05/11/2010___ eDoorways files Form 15 (no longer reports to SEC)
12/04/2007___ 1,000,000,000
09/24/2007___ Reverse Split 1 for 2000 Decrease
05/18/2005___ Reverse Split 1 for 200 Decrease
04/03/2002___ Reverse Split 1 for 10 Decrease
Anyone who bought shares to increase their ownership percentage was hit with constant share increases over the next year. They announced a reverse split 12 months after presenting this opportunity to own a percentage of a new company. To add insult to injury, when a CEO for the new company is finally announced, they break the news that there will be no distribution of LRI shares to EDWY share holders.
This can be confirmed at:
http://corp.delaware.gov/contact.shtml
http://nvsos.gov/sosentitysearch/
Same scam, new ticker
Kimmons just had to find a new ticker that didn't have a chill so he could continue the scam. Lucky for FZRO investors, this is where he landed.
We have been waiting since 1988 for a single accomplishment from Kimmons. 2015... Still waiting... This guy has been selling nothing but hopes and dreams his entire life. He has zero experience to pull off the garbage ideas he rips off from "visionary" bloggers.
The audited "numbers" are based on unenforceable debt. The second a single dollar flows into this company there will be an avalanche of litigation filed to reclaim what Kimmons has stolen.
Debt doesn't just go away...
Value of the comapany is based on what the family thinks their dad's patent is worth.
Intangible Asset:
In accounting, any asset that cannot be seen or touched. Intangible assets include things like patents and brand recognition, which add value to a company, but are difficult to price. Intangible assets explicitly do not include actual things, such as widgets, a widget factory, or the land upon which the widget factory is built. Because of the difficulty in pricing, intangible assets are sometimes not included in a company's valuation.
Directly from ESCU audit (Page 8)
You will have to wait until 2020.
Isn't Ajene Watson the guy involved in the lawsuit Podkay posted about some time ago?
Page 7:
The lawsuit mentions EDWY, UCHB and OTHM as other companies that attorney Licht found were harmed in the manner Simulated was. He notes that he finds information regarding this (page 3) by using "various filings with the SEC". Licht accuses the defendants of (his words):
* fraudulent activities
* conspiracy
* perpetuated a scheme
* deception
* injury to investors
* racketeering
The list seems to go on and on. Fake press releases. Selling shares immediately that were supposed to be restricted. Etc.
The way things were purported by Licht to have been done are explained on page 15. The pattern includes duping the management. Licht was the managing director of Simulated (SMEV).
Page 20 is what I find very interesting and explains why EDWY was mentioned in the lawsuit. One of the defendants emails to Licht. The email says "we are expanding another client's credit facility from $500k to $2mm. There is a notation (number 4). If you go to the notation it says:
"This comment is associated with another company -E-Doorways, also traded on PinkSheets. Unfortunately, at the hands of the Defendants, EDWY has suffered the same fate as Simulated. Its stock was decimated by "pump-and-dump" scheme and they have never seen the credit facility or neither $500,000 nor the $2,000,000. These announcements amounted to nothing more than hype".
That IMO is significant. This is not some anonymous poster on a board. This is not somebody just asserting their opinion or asking a question via a bogus AOL email address. Not even close! This is a licensed attorney bringing formal litigation. Very substantial litigation IMO after he did a lot of research. Fascinating stuff!
If you take a look at some of the defendants they seem to be doing pretty well. A couple of million dollar house in Florida one has and another pushing $5 million up in the east. Compared to G.K. who could not pay his bills at times and as best I can tell lives in a apartment by a strip center/mall.
G.K. apparently did not get on the pump-and-dump gravy train? The opposite is true according to lawyer Licht and he puts in writing in a very real lawsuit. He says EDWY and other companies were, according to the lawsuit, defrauded, conspired against, deceived, etc.
This may make some people pause and take a breath and wonder what was the impact of such activity on EDWY in the past and present. And what it did to not only SMEV but the other companies mentioned and their shareholders.
http://www.scribd.com/doc/112739347/Watson
Thank you Ajene Watson!
http://www.viddler.com/v/671ca5c0
The audited "numbers" are based on unenforceable debt. The second a single dollar flows into this company there will be an avalanche of litigation filed to reclaim what Kimmons has stolen.
Debt doesn't just go away...