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Just Wait "I promise no one will be disappointed once this goes live"
Hype was the only thing that Kimmons has been able to sell. Results tell a different story.
The stock price ran up until the product was revealed and it didn't live up to the hype.
Total revenue $100,156
Total Expenses $41,408,521
The Company unsuccessfully launched its product sales in the first six months of 1999. The Company was unable to raise sufficient capital to sustain its marketing effort and closed its offices and terminated most of the personnel in June of 1999. The Company's expenses are accruals of officer compensation and interest on its liabilities. The Company was inactive until the second quarter of 2002.
The Company has not engaged in any material operations or had any revenues from operations during the last three fiscal years. The Company's plan of operation for the next 12 months is to continue to seek the acquisition of assets, property or business that may benefit the Company and its shareholders. Because the Company has virtually no resources, management anticipates that to achieve any such acquisition, the Company will be required to issue shares of its common stock as the sole consideration for such acquisition.
SEC Filing - The Real Story about Around the World
Total revenue $100,156
Total Expenses $41,408,521
The Company unsuccessfully launched its product sales in the first six months of 1999. The Company was unable to raise sufficient capital to sustain its marketing effort and closed its offices and terminated most of the personnel in June of 1999. The Company's expenses are accruals of officer compensation and interest on its liabilities. The Company was inactive until the second quarter of 2002.
The Company has not engaged in any material operations or had any revenues from operations during the last three fiscal years. The Company's plan of operation for the next 12 months is to continue to seek the acquisition of assets, property or business that may benefit the Company and its shareholders. Because the Company has virtually no resources, management anticipates that to achieve any such acquisition, the Company will be required to issue shares of its common stock as the sole consideration for such acquisition.
You have to go back 25 years and even then Kimmons has nothing to show but stock sales.
Hype vs Reality - "Significant Economic Success"
They even mention increasing the A/S to buy other companies in the SEC filing below.
Blog Post/PR - Made by Kimmons
eDoorways International Corporation was established in 1994 as GK Intelligent Systems (GKI:AMEX), an advanced learning technology company that emerged in the late 90's and became one of the fastest growing stocks in the Southwest, eventually trading as high as $19 7/8. GKI made its name in the educational arena, garnering international awards and launching its SmartOne technology and first product, “Around the Web in 80 Minutes” that received five-star ratings and was distributed both internationally and domestically with significant economic success.
The Company unsuccessfully launched its product sales in the first six months of 1999. The Company was unable to raise sufficient capital to sustain its marketing effort and closed its offices and terminated most of the personnel in June of 1999. The Company's expenses are accruals of officer compensation and interest on its liabilities. The Company was inactive until the second quarter of 2002.
The Company has not engaged in any material operations or had any revenues from operations during the last three fiscal years. The Company's plan of operation for the next 12 months is to continue to seek the acquisition of assets, property or business that may benefit the Company and its shareholders. Because the Company has virtually no resources, management anticipates that to achieve any such acquisition, the Company will be required to issue shares of its common stock as the sole consideration for such acquisition.
Kimmons has been promising an audit and S1 since he announced his total transparency campaign over three years ago.
Still waiting...
SmartOne Artificial Intelligence Software
If Kimmons possesses World Changing Artificial Intelligence Software that was years ahead of its time, why would they need to hire a firm that developed its own “intelligent technology”.
http://edoorways.wordpress.com/2009/06/10/edoorways-signs-development-agreement-with-developer-of-intelligent-technology
Here is the story on the Home run. You have to go back 25 years and even then Kimmons has nothing to show but stock sales.
Hype vs Reality - "Significant Economic Success"
They even mention increasing the A/S to buy other companies in the SEC filing below.
Blog Post/PR - Made by Kimmons
eDoorways International Corporation was established in 1994 as GK Intelligent Systems (GKI:AMEX), an advanced learning technology company that emerged in the late 90's and became one of the fastest growing stocks in the Southwest, eventually trading as high as $19 7/8. GKI made its name in the educational arena, garnering international awards and launching its SmartOne technology and first product, “Around the Web in 80 Minutes” that received five-star ratings and was distributed both internationally and domestically with significant economic success.
The Company unsuccessfully launched its product sales in the first six months of 1999. The Company was unable to raise sufficient capital to sustain its marketing effort and closed its offices and terminated most of the personnel in June of 1999. The Company's expenses are accruals of officer compensation and interest on its liabilities. The Company was inactive until the second quarter of 2002.
The Company has not engaged in any material operations or had any revenues from operations during the last three fiscal years. The Company's plan of operation for the next 12 months is to continue to seek the acquisition of assets, property or business that may benefit the Company and its shareholders. Because the Company has virtually no resources, management anticipates that to achieve any such acquisition, the Company will be required to issue shares of its common stock as the sole consideration for such acquisition.
Kimmons spent $41,438,967 from January 2006 to September 2012
Revenue for the same period: $0
$7,000,000 a year for 6 years and they don't have a single thing to show for it? Can anyone list a single thing Kimmons accomplished with that 41 million dollars?
http://www.otcmarkets.com/financialReportViewer?symbol=EDWY&id=93996
Plenty of Toxic financers to go around:
Redwood Management LLC
OT Hill and Associates
BlakesReport.com
Kenective LLC
Hanover Holdings II, LLC
August 15, 2012 $5,600 for 622,222 shares (0.009 pps) Reg D, 504 (0.0295 market pps) 70% discount
July 11, 2012 $5,600 for 500,000 shares (0.0112 pps) Reg D, 504 (0.021 market pps) 47% discount
June 26, 2012 $5,000 for 333,333 shares (0.015 pps) Reg D, 504 (0.03 market pps) 50% discount
May 22, 2012 $5000 for 200,000 shares (0.025 pps) Reg D, 504 (0.051 market pps) 51% discount
March 21, 2012 $5,500 for 250,000 shares (0.022 pps) Reg D, 504 (0.07 market pps) 68% discount
February 24, 2012 $4,000 for 800,000 shares (0.005 pps) Reg D, 504 (0.015 market pps) 67% discount
February 8, 2012 $3,000 for 571,428 shares (0.0053 pps) Reg D, 504 (.025 market pps) 78% discount
January 1, 2012 $3,000 for 428,571 shares (0.007 pps) Reg D, 504 (.01 market pps) 30% discount
September 26, 2011 370,000,000 pre-split shares for $18,500 in debt (.00005 pps)
December 6, 2011 825,000 post-split shares for $33,000 in debt (.04)
December 6, 2011 825,000 post-split shares for $33,000 in debt (.04)
(not sure why, but the Dec 6th is shown twice once for Richard Davis and once for Andre Crawford.)
December 16, 2011 1,000,000 post-split shares for $4,000 in debt (.004 pps)
From January 21, 2011 – May 12, 2011 eDoorways gave 762,680,000 shares to BlakesReport.com for the extinguishment of debt. ($61,088 remains due as of June 30, 2011)
The filings show 4,879,658,638 outstanding shares as June 30, 2011. If BlakesReprt.com held their shares they would have owned 15.6% of the Outstanding shares as of June 30, 2011.
In the filing that cover the period up to July 30, 2011 Blakes Report.com is not listed under the beneficial ownership section of the filings.
On January 21, 2011 the company signed a Debt Settlement Agreement with
BlakesReport.com related to the extinguishment of outstanding debt. Under the terms of the
agreement, the company issued 162,680,000 common shares to BlakesReport.com in
extinguishment of $8,300 of the $100,000.00 in debt owed and due.
On February 25, 2011 the company issued 200,000,000 common shares to BlakesReport.com
in extinguishment of $10,204 of the $91,700.00 in debt owed and due under the Debt
Settlement Agreement signed on January 21, 2011.
On April 20, 2011 the company issued 200,000,000 common shares to BlakesReport.com in
extinguishment of $10,204 of the $81,496.00 in debt owed and due under the Debt
Settlement Agreement signed on January 21, 2011.
On May 12, 2011 the company issued 200,000,000 common shares to BlakesReport.com in
extinguishment of $10,204 of the $71,292.00 in debt owed and due under the Debt
Settlement Agreement signed on January 21, 2011.
On October 6, 2010, the company elected to offer for sale to OT Hill and Associates
23,000,000 shares of its common stock as part of a private offering being made without
registration of the shares under the Securities Act of 1933, as amended, and was made only
to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the
Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations
pursuant to the Delaware Securities Act.
On November 7, 2010, the company elected to offer for sale to OT Hill and Associates
175,000,000 shares of its common stock as part of a private offering being made without
registration of the shares under the Securities Act of 1933, as amended, and was made only
to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the
Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations
pursuant to the Delaware Securities Act.
On December 15, 2010, the company elected to offer for sale to OT Hill and Associates
160,000,000 shares of its common stock as part of a private offering being made without
registration of the shares under the Securities Act of 1933, as amended, and was made only
to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the
Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations
pursuant to the Delaware Securities Act.
On January 7, 2011, the company elected to offer for sale to OT Hill and Associates
160,000,000 shares of its common stock as part of a private offering being made without
registration of the shares under the Securities Act of 1933, as amended, and was made only
to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the
Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations
pursuant to the Delaware Securities Act.
On January 20, 2010, the company elected to offer for sale to OT Hill and Associates
160,000,000 shares of its common stock as part of a private offering being made without
registration of the shares under the Securities Act of 1933, as amended, and was made only
to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the
Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations
pursuant to the Delaware Securities Act.
On February 14, 2011, the company elected to offer for sale to OT Hill and Associates
200,000,000 shares of its common stock as part of a private offering being made without
registration of the shares under the Securities Act of 1933, as amended, and was made only
to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the
Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations
pursuant to the Delaware Securities Act.
On April 20, 2011, the company elected to offer for sale to OT Hill and Associates
200,000,000 shares of its common stock as part of a private offering being made without
registration of the shares under the Securities Act of 1933, as amended, and was made only
to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the
Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations
pursuant to the Delaware Securities Act.
On June 21, 2011, the company elected to offer for sale to OT Hill and Associates
200,000,000 shares of its common stock as part of a private offering being made without
registration of the shares under the Securities Act of 1933, as amended, and was made only
to “accredited investors” pursuant to Regulation D, Rule 504 and Sections 7309(b)(8) of the
Delaware Securities Act, and Section 510(a)(1) of Part E under the rules and regulations
pursuant to the Delaware Securities Act.
On February 18, 2011 the company signed a Securities Settlement Agreement, and under
separate cover, an Assignment and Assumption Agreement with Redwood Management LLC
to retire $65,047.25 in outstanding debt. The company took this action to avoid dispute,
retire debt from its books and records, and to make an effort to improve its financial picture
for potential acquisition and future funding by eliminating or limiting the extent of debt the
company faces.
On February 18, 2011 the company was presented with a demand by Redwood Management
LLC to convert shares in the company to partially remedy admitted default in monies due,
owing and as of yet unpaid. The company agreed to convert $7,500 of outstanding debt
owed to Redwood Management LLC per the Settlement Agreement dated 2/18/11 by
converting 50,000,000 common shares of the company.
On March 1, 2011 the company was presented with a demand by Redwood Management
LLC to convert shares in the company to partially remedy admitted default in monies due,
owing and as of yet unpaid. The company agreed to convert $7,500 of outstanding debt
owed to Redwood Management LLC per the Settlement Agreement dated 2/18/11 by
converting 50,000,000 common shares of the company.
On March 1, 2011 the company was presented with a demand by Redwood Management
LLC to convert shares in the company to partially remedy admitted default in monies due,
owing and as of yet unpaid. The company agreed to convert $8,000 of outstanding debt
owed to Redwood Management LLC per the Settlement Agreement dated 2/18/11 by
converting 53,333,333 common shares of the company.
On March 10, 2011 the company was presented with a demand by Redwood Management
LLC to convert shares in the company to partially remedy admitted default in monies due,
owing and as of yet unpaid. The company agreed to convert $10,000 of outstanding debt
owed to Redwood Management LLC per the Settlement Agreement dated 2/18/11 by
converting 100,000,000 common shares of the company.
On March 16, 2011 the company was presented with a demand by Redwood Management
LLC to convert shares in the company to partially remedy admitted default in monies due,
owing and as of yet unpaid. The company agreed to convert $10,000 of outstanding deb
towed to Redwood Management LLC per the Settlement Agreement dated 2/18/11 by converting
100,000,000 common shares of the company.
On March 24, 2011 the company was presented with a demand by Redwood Management
LLC to convert shares in the company to partially remedy admitted default in monies due,
owing and as of yet unpaid. The company agreed to convert $12,047.25 of outstanding debt
owed to Redwood Management LLC per the Settlement Agreement dated 2/18/11 by converting
120,472,500 common shares of the company
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