Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The name of the auditor is shown in the audited financials.
Also, $8000 is way short of what it cost. The audit went back to 2008, so it covered 8 years of transactions that included derivatives.
Try again.
Absolutely no need for a 10K. The S1 ESCU has filed covers the SAME GROUND and MORE for all of the years in question. The S1 is much more exhaustive, covering every stock transaction. All securities activities of ESCU have been fully documented and accounted for. Kimmons is not an issue based on the audit.
More ridiculous accusations with no basis in fact. Sohail is clean as a whistle. Shahmir had his picture taken once in Palm Beach, but was never charged for a crime.
They've been spending money out of their own pockets getting the company audited and current on its filings. A big job, but completed now.
Totally untrue. ESCU has an S1 pending.
Totally untrue. Shahmir Quraeshi did not have a prior relationship with EDWY or its CEO.
No scoop here. Very old news. Be sure to take note that there was NO ARREST or CHARGES FILED. The cops took his picture and that was it. It was a domestic spat that never amounted to anything.
Wrong. You are misreading their post. They're saying they cannot state whether or not a company's offering is a good investment.
However, the company MUST COMPLY with the SEC's disclosure requirements before the SEC will approve the registration and for it to become effective.
Typically a company has to make 2 to 4 submissions of their S1 before they gain approval from the SEC to designate their document as effective and for the shares they are registering as FTS to be approved for issuance.
If a company does not answer all of the SEC's questions appropriately the filing does not get approved.
That's total BS. The SEC has to approve filings such as S1's before they can go effective. Ridiculous!
I'm suggesting that you read ESCU's audited financials, which effectively lay the past to rest. It no longer exists.
Nope. That's untrue. This is the FIRST time that the company has new people running it.
Let's take a look at the audit to answer this. Does it show that Kimmons owes anything to ESCU or it's shareholders? Hmmm. Let's see. That does not appear to be the case based on the company's audited financials and balance sheet.
Huh? This is a new oompany team with a new business plan. Huh?
Absolutely not.
Do you see any PRs hyping the stock? NO
Do you see any major dumping going on? NO
Is there a real technology and business? YES.
Is that what you call a pump and dump?
Ridiculous!!
No of this makes sense. I have no idea what the point of this post is.
Bottom line, the reverse took the stock to $3 a share which is where it sits today. No one has lost a penny.
And anyone can see that it is a very small float. Most investors would consider that to be GOOD thing. Especially if they are long-term holders.
ESCU elected to reverse the stock 2,000:1 for a reason. They wanted a very tight stock, which is what they got and exactly what they have now.
If ESCU had wanted to manipulate the PPS they could have done it a thousand times by now. Obviously that's not their objective.
The tight float will be worth it's weight in gold when ESCU starts making its first series of announcements.
You do know that the stock can trade anywhere in between the bid and ask, right? There's no reason to get caught on one end or the other.
A (temporary) large spread is not that big of a deal. Certainly nothing to fret about.
Go ESCU!! YES!! 52 WEEK HIGH!!
All of this is meaningless. ESCU is now set to achieve a major milestone when the SEC approves it's S! filing. It now has current, audited financials, a $40M asset on those financials, and rock-solid stock (160K float).
With SEC approval of the S1 ESCU will seek and be approved by OTCM to move to a higher exchange, and DTC will probably remove the chill (which, it turns out, has had virtually no effect since it was instituted 5 years ago.)
The word on the street is that ESCU has significant, non-dilutive funding lined up as well, and that there are several revenue-generating opportunities in the offing.
All of this means that ESCU has positioned itself for an incredible launch.
ESCU did not make a "forward looking statement", I did. So what?
What??? The independent appraiser did not need Saeed Quraeshi's historical costs to do it's job. It used a multi-factoral approach as specified by the guidelines of the financial appraisal industry.
What the developer of the technology may or may not have done or spent in the process is of absolutely no consequence.
In laymman's terms, if I spend 10 million dollars developing a new model of car, that does not mean the technology is worth $10 million.
How exactly does one create "the perfect scam?" Please educate us.
The latest audited financials totally contradict your contention. The facts are there when it comes to ESCU. Accept them.
A lttle money? From what I hear they're into this for $300K to $400K. Not pocket change. Name one pump-and-dump where scammers spent that kind of money to steal from others.
Come on now!
Kimmons didn't have a completed, proven and immediately marketable technology, a $40 asset that could be leveraged for non-dilutive financing, and major cash in his pocket to pay the costs of being public.
These are all being leveraged by the current ESCU team to the benefit of everyone, including current ESCU shareholders.
They are game changers when it comes to starting a company.
If this is trickery, I'm all for it! Let's see now, ESCU's team spends hundreds of thousands of dollars out of their own pockets to get everything up and going. And they got it done!
If they're tricksters, somebody should tell them to quit spending their own hard-earned money!
The ESCU guys (namely Sohail Quraeshi) have pulled several hundred thousand dollars out of their own pockets to make the ESCU resurrection happen. The proof of their committment is in the bucks they have spent.
And they've done everything the right way so far.
I called them yesterday and they said they will be resubmitting the S1 with the SEC's requested amendments in the next few days. Upon the SEC's approval ESCU will file for up-listing on OTCM. They will also seek removal of the chill by DTC.
They've also been making headway marketing their product and technology. These guys deserve our endorsement and support.
The ESCU auditors have already done their job. And guess what? Kimmons has been fully exonerated from all of the false accusations. It's HISTORY, my friend. Read the audit.
This is a bunch of hogwash. ESCU's audit goes all the way back to 2008. It covers EVERYTHING up to January 2016. The auditors went back 8 years to analyze the company and its transactions.
So, not to worry, anything Kimmons might or might not have done has been covered.
None of this makes sense. This is ESCU in 2016!!
That's correct. It's irrelevant as it relates to the ESCU opportunity.
This is too far out to respond to as it relates to ESCU.
Enjoy the ride, my friend. ESCU is flying!!!
ATTN ESCU INVESTORS
ESCU has a $123M market cap with audited financials showing an asset of $40M. An only 163K shares in the float!
Go ESCU !!!!
The DTCC chill will be removed when ESCU submits an approved S1 to DTCC. That's how the process works.
This has been stated numerous times.
Lance Kimmons did not receive a paycheck for several years. He elected to take restricted stock, not cash as final payment for services rendered.
It's exactly as stated:
1. The accountants/auditors used $40M as the number for the asset value shown in the financials based on the contract signed between the two parties. The contract was for $40M.
2. In contracts, there should be a "cash value" shown for the transaction. Ten dollars is the standard number most companies use in their contracts. Companies do this to establish the fact that the contract is legally binding.
The two parties agreed to ratify the transaction based on the assessed value of the patent, which was determined by appraiser.
Lots of verbiage, but not much else as it relates to ESCU.
Sorry, but can you translate what this means? It makes no sense to me.