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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...
Its funny that Kimmons used investors to raise money to develop his software and then when it was complete he takes off and leaves the shareholders with nothing?
That's funny?
The only people making money on this project were Kimmons and the people who took free trading shares at a huge discount. Anyone heard from Throneberry Investments lately?
The eDoorways business model:
Hand out free trading shares, put out a baseless PR, promote, pay executive expenses, round and round.
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.
Diluting $40 million over night is totally fine but $40 million over 7 years is an impossibility?
eDoorways spent $41,438,967 from January 2006 to September 2012
Revenue for the same period: 0$
eDoorways spent $7,000,000 a year for 6 years and they don't have a single thing to show for it? This company is pretty much a one family show. What on Earth did they spend all that money on? The worst part is the only time they are able to remove debt from their books is when it becomes unenforceable debt.
eDoorways couldn't get a website off the ground with $41 million?
Where is the software investors paid for? This is exciting news. Software is complete. Lets get a look at what we paid for.
It belongs to the company. It should be evaluated and sold to help recoup investor losses. According to filings the software development is completed. It would be nice to get a look at what millions of dollars of investor money created.
eDoorways spent $41,438,967 from January 2006 to September 2012
Revenue for the same period: 0$
eDoorways spent $7,000,000 a year for 6 years and they don't have a single thing to show for it? This company is pretty much a one family show. What on Earth did they spend all that money on? The worst part is the only time they are able to remove debt from their books is when it becomes unenforceable debt.
eDoorways couldn't get a website off the ground with $41 million?
I almost forgot about that reset button.
"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 "thats not actual liquid paper money" that you lost.
Show of hands... How many people bought shares with "actual money"?
http://edoorways.wordpress.com/2012/02/07/edoorways-international-corporation-launches-learning-research-inc
I wonder why they stopped at 2012? The audit back to 2006 was completed months ago and just needed to be released by Kimmons. Remember?
The "independent NYC appraisal expert" 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. We already know the auditor is sketchy and would sign off on pretty much anything presented to them. Why not help out the credibility and scream the appraisal experts name loud and clear?
I think we all know the answer to that question.
Yes, we know we are buying the sad patent from Quraeshi's dad.
My kids think I am worth $40 million. Is that bankable too?
Then why go public? What a joke.
Why go public when you have all these "major investors" ready to fund your project? Kimmons needs to find new ways to advertise his scams.
Who is this employee we are paying for? I wonder why they didn't identify the employee?
I wonder why they stopped at 2012? The audit back to 2006 was completed months ago and just needed to be released by Kimmons. Remember?
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...
This company expects many possible claims, when the cash flow begins with new projects or otherwise. The legal department negotiated almost all the claims with share issuance. Yet, this company expects litigation and many more claims in the future
Prior to January 1st, 2012, this Company received quite a few legal notices for non-payment and nonfulfillment
of obligations for the various projects in the development stage. This company had an in-house
attorney to defend, conciliate, negotiate and settle all such claims. These are all very common for a cash
trapped companies. These matters arise in the normal course of business. Since this company had no
activities since 2012 and until now, the claimants did not pursue legal action, though it may not be correct
to conclude that the claimants dropped the legal action. This company expects many possible claims, when
the cash flow begins with new projects or otherwise. The legal department negotiated almost all the claims
with share issuance. Yet, this company expects litigation and many more claims in the future. While the
company is fully prepared to defend, it is not at all possible to estimate the claims. Hence, no provision is
made in the financial statements.
By applying the law of limitation, this company removed the payables from the books and accounted it as
other income. Even if it is as per law, this company expects claims in the future in this regard. Further, it
is almost impossible to determine the possible future claims from the payables. Hence no provision is
made in the financial statements.
1956...1965...1982...1988... and then he was a "consultant". So he has pretty much been retired for the past 27 years and taking odd jobs here and there.
This sounds just like Kimmons. We can't find a single thing this guy has accomplished since the 80's. Well, except for "consulting".
But, his family wants shareholders of ESCU to give him $40million for a patent no one has ever had any interest in.
We also can't find the name of the person who "appraised" this patent. It could have been anyone. The kids could have just asked dad what he thought it was worth and they ran with it.
Ok now this is seriously funny:
Even the accounting databases were using "scientific notation" method (saving large numbers in exponent form) to store their big numbers to save memory space!
Wrong. They went back to 2102.
The Board of Directors approved the financial statements including the notes on accounts for the three
years, 2012, 2013 and 2014 today, the 27th day of September, 2015
I wonder why they stopped at 2012? The audit back to 2006 was completed months ago and just needed to be released by Kimmons. Remember?
The Board of Directors approved the financial statements including the notes on accounts for the three
years, 2012, 2013 and 2014 today, the 27th day of September, 2015
"The Auditor is basically finished" - Gary Kimmons 02/20/2013 - from the last shareholder conference call
Still waiting... The auditor must not have had great news or maybe was never hired at all. If it were good news Kimmons would have written up a glowing PR ASAP!
Gary Kimmons 05/28/2012 6:51pm
Late Friday afternoon we received a draft of the financial statements that Marc Andre Boisseau's audit team has compiled. This represents the largest part of the task, as they elected to go back 7 years in their review and composition. It is likely that Julio De Leon will begin the final phase, which is his sampling of various transactions and a review of Marc's calculations and footnotes.
The two have been working closing up to this point to make sure no time is wasted. Julio indicated on Friday that he intends to wrap up the audit as quickly as possible. Normally this phase would take a week or two. We will have to see how far Julio gets this week.
Gary Kimmons 06/27/2012 11:21am
Regarding the audit, here is information I received an hour ago from Ashley at Marc-Andre's firm: Julio DeLeon has sent out half of the confirmations and plans to send out the others today. In addition, he will be in Marc-Andre's office Friday of this week or Monday of next week to conduct the "field audit." You have additional information as it is received.
Gary Kimmons 07/03/2012 10:51am
While I cannot control the timing, I can share with you what's going on. Julio has sent out the confirmations and is starting to get them back. He has to go to Marc Andre's offices to conduct his field analysis. Julio may do the analysis this week, but we are not certain. That process takes a day or two. Then, if there are no problems, Julio can begin to wrap things up. All we can do is give him the things he asks for as quickly as possible so there is no delay on our end, which is exactly what we've done.
Gary Kimmons 07/26/2012 2:08pm
As you noted the audit is winding down. Julio DeLeon has sent out a second wave of confirmations to those who did not respond the first time, and he has conducted his field audit. Now he is running down selected issues. We will continue to support him until he writes his final audit letter.
Gary Kimmons 08/06/2012 10:34am
I know that you are anxious to hear that we have crossed the finish line. We all are. Julio DeLeon seems to be near the end of the audit. Last week he committed to have his work done around the 15th of August. We are doing everything we can to support him so that can happen.
Gary Kimmons 08/20/2012 8:50pm
Chris believes he has reconciled most of the outstanding items and is checking with Julio to see if there are any remaining questions. We are optimistic we are near the end of the process.
Gary Kimmons 08/30/2012 10:52pm
In short, we are in the final review. We would like to think that we have answered all remaining questions. You will be advised of our progress.
Gary Kimmons 09/19/2012 11:00am
Late yesterday we received a written response from the NIR liquidators that fell short of the desired confirmation letters. We conferred with the auditor and reached an agreement that involves some paper work on our end that will take a day or two. The auditor is getting with our accountants to draw things to a close.
Gary Kimmons 10/05/2012 12:08pm
As you can see, we are down to the final step. I will keep you advised.
Gary Kimmons 10/27/2012 1:00pm
The auditor and accountant are wrapping it up.
Chris Mitchell 12/03/2012
The other item coming to completion is the long awaited audit, currently being finalized by the Company's auditing firm.
We were hearing about the audit being "almost done" back in August of 2011. (Found this with a Ask jjves search)
August 1, 2011
Actually, i hear they are almost done with the audit.
If you Google Saeed Quraeshi the first page has links back to ihub posts. Not exactly what you would expect when Googling someone who claims to be the premier expert on wind energy.
1956...1965..1982...1988... and then he was a "consultant". So he has pretty much been retired for the past 27 years and taking odd jobs here and there. How old is this guy anyway. He got his masters in 1959? He must be in his 80's.
This sounds just like Kimmons. We can't find a single thing this guy has accomplished since the 80's. Well, except for "consulting".
But, his family wants shareholders of ESCU to give him $40million for a patent no one has ever had any interest in.
The "independent NYC appraisal expert" 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 80's we are going to keep it a mystery. We already know the auditor is sketchy and would sign off on pretty much anything presented to them. Why not help out the credibility and scream the appraisal experts name loud and clear?
I think we all know the answer to that question.
Who is this employee we are paying for? I wonder why they didn't identify the employee?
NOTE 6: COMMITMENTS
As of January 2009, the Company entered into a three year employment agreement with an employee. The
agreement will renew for an additional three years at the end of the term, unless notification is given by
either party to terminate. The aggregate compensation to be paid under the agreement amounts to $360,000
per year. The agreement also provided for 50,000 shares of restricted common stock to be issued upon
signing the agreement. If the employee arrangement is terminated without cause by the Company, the
Company is under obligation to pay the employee, in lump sum cash within 10 days of termination, the
three times the annual base salary of the employee, plus the average for the last three annual incentive
bonuses actually paid to the executive. If the employment agreement is terminated with cause, the
Company has no liability for further payments.
Year Commitments
2012 $360,000
2013 $360,000
2014 $360,000
I wonder why they stopped at 2012? The audit back to 2006 was completed months ago and just needed to be released by Kimmons. Remember?
The Board of Directors approved the financial statements including the notes on accounts for the three
years, 2012, 2013 and 2014 today, the 27th day of September, 2015
"The Auditor is basically finished" - Gary Kimmons 02/20/2013 - from the last shareholder conference call
Still waiting... The auditor must not have had great news or maybe was never hired at all. If it were good news Kimmons would have written up a glowing PR ASAP!
Gary Kimmons 05/28/2012 6:51pm
Late Friday afternoon we received a draft of the financial statements that Marc Andre Boisseau's audit team has compiled. This represents the largest part of the task, as they elected to go back 7 years in their review and composition. It is likely that Julio De Leon will begin the final phase, which is his sampling of various transactions and a review of Marc's calculations and footnotes.
The two have been working closing up to this point to make sure no time is wasted. Julio indicated on Friday that he intends to wrap up the audit as quickly as possible. Normally this phase would take a week or two. We will have to see how far Julio gets this week.
Gary Kimmons 06/27/2012 11:21am
Regarding the audit, here is information I received an hour ago from Ashley at Marc-Andre's firm: Julio DeLeon has sent out half of the confirmations and plans to send out the others today. In addition, he will be in Marc-Andre's office Friday of this week or Monday of next week to conduct the "field audit." You have additional information as it is received.
Gary Kimmons 07/03/2012 10:51am
While I cannot control the timing, I can share with you what's going on. Julio has sent out the confirmations and is starting to get them back. He has to go to Marc Andre's offices to conduct his field analysis. Julio may do the analysis this week, but we are not certain. That process takes a day or two. Then, if there are no problems, Julio can begin to wrap things up. All we can do is give him the things he asks for as quickly as possible so there is no delay on our end, which is exactly what we've done.
Gary Kimmons 07/26/2012 2:08pm
As you noted the audit is winding down. Julio DeLeon has sent out a second wave of confirmations to those who did not respond the first time, and he has conducted his field audit. Now he is running down selected issues. We will continue to support him until he writes his final audit letter.
Gary Kimmons 08/06/2012 10:34am
I know that you are anxious to hear that we have crossed the finish line. We all are. Julio DeLeon seems to be near the end of the audit. Last week he committed to have his work done around the 15th of August. We are doing everything we can to support him so that can happen.
Gary Kimmons 08/20/2012 8:50pm
Chris believes he has reconciled most of the outstanding items and is checking with Julio to see if there are any remaining questions. We are optimistic we are near the end of the process.
Gary Kimmons 08/30/2012 10:52pm
In short, we are in the final review. We would like to think that we have answered all remaining questions. You will be advised of our progress.
Gary Kimmons 09/19/2012 11:00am
Late yesterday we received a written response from the NIR liquidators that fell short of the desired confirmation letters. We conferred with the auditor and reached an agreement that involves some paper work on our end that will take a day or two. The auditor is getting with our accountants to draw things to a close.
Gary Kimmons 10/05/2012 12:08pm
As you can see, we are down to the final step. I will keep you advised.
Gary Kimmons 10/27/2012 1:00pm
The auditor and accountant are wrapping it up.
Chris Mitchell 12/03/2012
The other item coming to completion is the long awaited audit, currently being finalized by the Company's auditing firm.
We were hearing about the audit being "almost done" back in August of 2011. (Found this with a Ask jjves search)
August 1, 2011
Actually, i hear they are almost done with 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...
This company expects many possible claims, when the cash flow begins with new projects or otherwise. The legal department negotiated almost all the claims with share issuance. Yet, this company expects litigation and many more claims in the future
Prior to January 1st, 2012, this Company received quite a few legal notices for non-payment and nonfulfillment
of obligations for the various projects in the development stage. This company had an in-house
attorney to defend, conciliate, negotiate and settle all such claims. These are all very common for a cash
trapped companies. These matters arise in the normal course of business. Since this company had no
activities since 2012 and until now, the claimants did not pursue legal action, though it may not be correct
to conclude that the claimants dropped the legal action. This company expects many possible claims, when
the cash flow begins with new projects or otherwise. The legal department negotiated almost all the claims
with share issuance. Yet, this company expects litigation and many more claims in the future. While the
company is fully prepared to defend, it is not at all possible to estimate the claims. Hence, no provision is
made in the financial statements.
By applying the law of limitation, this company removed the payables from the books and accounted it as
other income. Even if it is as per law, this company expects claims in the future in this regard. Further, it
is almost impossible to determine the possible future claims from the payables. Hence no provision is
made in the financial statements.
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.
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...
"This company expects many possible claims, when the cash flow begins with new projects or otherwise.
The legal department negotiated almost all the claims with share issuance. Yet, this company expects litigation and many more claims in the future"
http://www.otcmarkets.com/financialReportViewer?symbol=ESCU&id=145235
If you Google his name the first page has links back to ihub posts. Not exactly what you would expect when Googling someone who claims to be the premier expert on wind energy.
1956...1965..1982...1988... and then he was a "consultant". So he has pretty much been retired for the past 27 years and taking odd jobs here and there. How old is this guy anyway. He got his masters in 1959? He must be in his 80's.
This sounds just like Kimmons. We can't find a single thing this guy has accomplished since the 80's. Well, except for "consulting".
But, his family wants shareholders of ESCU to give him $40million for a patent no one has ever had any interest in.
The "independent NYC appraisal expert" 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 80's we are going to keep it a mystery. We already know the auditor is sketchy and would sign off on pretty much anything presented to them. Why not help out the credibility and scream the appraisal experts name loud and clear?
I think we all know the answer to that question.
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...
"This company expects many possible claims, when the cash flow begins with new projects or otherwise.
The legal department negotiated almost all the claims with share issuance. Yet, this company expects litigation and many more claims in the future"
http://www.otcmarkets.com/financialReportViewer?symbol=ESCU&id=145235
The auditor is listed in the latest filing.
Eastwest Accounting Services LLC
http://www.otcmarkets.com/financialReportViewer?symbol=ESCU&id=145235
Here is there corporate headquarters:
http://florida.intercreditreport.com/company/east-west-accounting-services-llc-l05000101779
https://www.google.com/maps/place/10030+SW+147TH+COURT,+MIAMI,+FL,+33196/@25.6728469,-80.4327695,3a,75y,283.39h,90t/data=!3m7!1e1!3m4!1sRAe_r3Yyh3O0guICfKESDg!2e0!7i13312!8i6656!4b1!4m2!3m1!1s0x0:0x789c5774e955788a!6m1!1e1
The "independent NYC appraisal expert" 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 80's we are going to keep it a mystery. We already know the auditor is sketchy and would sign off on pretty much anything presented to them. Why not help out the credibility and scream the appraisal experts name loud and clear?
I think we all know the answer to that question.
1956...1965...1982...1988... and then he was a "consultant". So he has pretty much been retired for the past 27 years and taking odd jobs here and there.
This sounds just like Kimmons. We can't find a single thing this guy has accomplished since the 80's. Well, except for "consulting".
But, his family wants shareholders of ESCU to give him $40million for a patent no one has ever had any interest in.
We also can't find the name of the person who "appraised" this patent. It could have been anyone. The kids could have just asked dad what he thought it was worth and they ran with it.
If you Google his name the first page has links back to ihub posts. Not exactly what you would expect when Googling someone who claims to be the premier expert on wind energy.
1956...1965..1982...1988... and then he was a "consultant". So he has pretty much been retired for the past 27 years and taking odd jobs here and there. How old is this guy anyway. He got his masters in 1959? He must be in his 80's.
This sounds just like Kimmons. We can't find a single thing this guy has accomplished since the 80's. Well, except for "consulting".
But, his family wants shareholders of ESCU to give him $40million for a patent no one has ever had any interest in.
1985...1986...1987... What has this guy been up to for the past 25 years? Oh yeah, "consulting". This has Kimmons written all over it.
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...
"This company expects many possible claims, when the cash flow begins with new projects or otherwise.
The legal department negotiated almost all the claims with share issuance. Yet, this company expects litigation and many more claims in the future"
http://www.otcmarkets.com/financialReportViewer?symbol=ESCU&id=145235
Kimmons couldn't have worded this better himself. 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? So far the only answer we are hearing is "an expert". I wonder if its the same expert level as the auditor with the @gmail address. At least Staller made an effort to appear credible.
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.
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.
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...
"This company expects many possible claims, when the cash flow begins with new projects or otherwise.
The legal department negotiated almost all the claims with share issuance. Yet, this company expects litigation and many more claims in the future"
http://www.otcmarkets.com/financialReportViewer?symbol=ESCU&id=145235
These "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...
"This company expects many possible claims, when the cash flow begins with new projects or otherwise.
The legal department negotiated almost all the claims with share issuance. Yet, this company expects litigation and many more claims in the future"
http://www.otcmarkets.com/financialReportViewer?symbol=ESCU&id=145235
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.
My brother thinks his Pinto is worth $ 4.7 Million and my independent neighbor thinks he is under valuing his car. Does ESCU want to buy his Pinto? We will sell it to you for the discount price of $2.1 Million. Me and my neighbor are waiting by the phone for your call.
This is the most transparent garbage I have ever seen.
If this is going to $100 per share why would anyone be waiting for a discount when you can get all you want at 1.50? How much did they post today? Did they break $1000? Do you think GE would let this Pink sheet garage continue on if they didn't either have competing patent that they could tie them up with in court or just buy up their shares and then short them into oblivion. If this were something it would take more than an ask jjeves.com search to discover this "gem".