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Lets see the report. Does Mr Harvard want to disclose his research. Its very naive to automatically think Harvard means honesty or integrity.
How do you take a tax credit when you have nothing to sell. They know it and anyone who reads the disclosure statements know it.
Straight from the S1/A/A/A
$100,000,000 Asset!!
They gave 40 million shares valued at $1 to Pops for his worthless patent. At the same time the are trying to sell shares to investors for $2.50.
No disclosure from this asset evaluation. They valued it based solely on what they paid Pops for the junk piece of paper. If Mr Harvard really thinks its worth 40 million dollars lets see the report with his signature backing it up. I bet Mr Harvard isn't willing to do that.
If they believe the patent is worth $40,000,000 they should have given much fewer shares or they know the stock is going to tank when they start the promotions and fund raising.
Remember they have nothing to sell. Contracts and clients are a joke.
Kimmons' holdings are listed in even the most current disclosure statements. If he doesn't have what it says in the financials then the disclosure is bogus or ESCU is leaking share structure information without making it available to everyone in the market.
2011 and prior financials were not audited. That is straight from the S1. Is this another lie submitted in the S1?
If Kimmons returned his shares then the fillings to OC and SEC are bogus or ESCU is giving out insider information about the company's share structure with out disclosing it to all shareholders. Take your pick. Its one or the other.
40 million shares valued at $1 to Pops for his worthless patent. At the same time the are trying to sell shares to investors for $2.50.
If they believe the patent is worth $40,000,000 they should have given much fewer shares or they know the stock is going to tank when the start the promotions and fund raising.
Remember they have nothing to sell yet.
They don't expect to have anything to sell until 2020, the same time the worthless patent expires.
The audit didn't to back that far. Not only was it based on a foundation of lies from Kimmons, the OTC Pink markets won't even accept the audit. Still limited information from this crew.
They gave 40 million shares valued at $1 to Pops for his worthless patent. At the same time the are trying to sell shares to investors for $2.50.
If they believe the patent is worth $40,000,000 they should have given much fewer shares or they know the stock is going to tank when the start the promotions and fund raising.
Remember they have nothing to sell yet.
They don't expect to have anything to sell until 2020.
Straight from the S1/A/A/A
That would be great news. Can you point that out in the current unapproved S1/A or OTC Limited Information fillings?
Why are they paying a compliance officer if he can't even keep their business license current. This is just like the Kimmons' clan. They have lots of mouths to feed but no work is getting done. They finally renewed today after they had to have us remind them that they are a business. Well, pretending to be a business.
That looks more like a good question to me. No accusation was made. Its a simple question.
Its right in the S1. No product until 2020 and the tax credit narrative is BS. I forget, when is the S1 the bible and when do we not believe it because we make phone calls to the company? Its even in the iBox. Nothing until 2020. The fund raising is to start work on a new design. Is the S1 full of lies? I think thats a no brainer. hahahaha. They have raised 0 dollars so nothing has even started to happen. 2020 will fly by and still there will be nothing from this group.
More equivocation. Where is the report that says the asset is worth $40 million? Lets see the report. Simple request. I bet Mr. Harvard said the patent wasn't worth anymore than some fool will pay for it. Looks like some fool aid $40 million for it. hahaha.
Escue Energy still hasn't renewed their business license with the State of Nevada. I thought they were throwing all kinds of money at this project because they were so well financed. hahaha. What a joke. More of the same Kimmons clan garbage.
http://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=zOALA%252b8lTOUX5uaygsi5PQ%253d%253d&nt7=0
Escue Energy didn't even renew their business license with the State of Nevada.
http://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=zOALA%252b8lTOUX5uaygsi5PQ%253d%253d&nt7=0
Lets see the report. Does Mr Harvard want to disclose his research. Its very naive to think Harvard means honesty or integrity.
Clients lined up but no product to sell? Thats hilarious.
Also hilarious:
$100,000,000 Asset!!
They gave 40 million shares valued at $1 to Pops for his wothless patent. At the same time the are trying to sell shares to investors for $2.50.
If they believe the patent is worth $40,000,000 they should have given much fewer shares or they know the stock is going to tank when the start the promotions and fund raising.
Remember they have nothing to sell yet.
They don't expect to have anything to sell until 2020.
They have not spent $100k out of pocket and the 40 million dollar asset is based solely on the price they chose to pay for a family member's patent that is on the fast track to expiration. Yes 2016 is half over. The plan was to have a product by 2020. Now 2021 is the new plan? The patent is no longer enforceable in 2020. Just another Kimmons clan scam company.
According to the S1, that isn't even close to being true. When the OTC Pink market doesn't even accept ESCU's audit, this "new company" isn't looking very credible.
There is clearly a huge gap in the "audit". As for the rest of my post it seems like it would be pretty easy to point out something that Kimmons has accomplished. I guess it's not as easy as I thought because he has never delivered a single viable product.
Everyone. Everyone knows. Some will still try to profit on the deception but at this point everyone knows what this group is all about.
EDoorways was never audited. They had/have a DTC chill and Kimmons went running for the hills after decades of being unable to deliver any of his sales pitches. This ESCU project was nothing more than an attempt to resell EDoorways to people who didn't know about Kimmons' past. The guy is a failure at everything but selling stories to greedy investors and taking their money with no intention of ever trying to deliver on his "business plan". Show me anything Kimmons delivered.
Pending uplist?? I thought they were working on their answer to the next (never ending) round or questions from the SEC?? Ther business license is void at the end of the month. No updates ye. If they have so much money at their disposal why are they dragging their feet? Half of 2016 is over and they can't get the S1 approved. Their patent becomes junk (it already is a joke) in 2020. This thing isn't going anywhere.
Kimmons has been proven to be nothing more than a con man many many times. Anyone who invested in EDWY, ESCU or FZRO knows this already.
Yeild Sign Is Back. Why would they have a yeild sign with the financials "audited" and up to date. They don't need and attorney's letter with "audited" finincials.
Any word on the S1? I thought the updates were going to happen in shorter and shorter intervals after the first ammended S1.
The Stop Sign is Back. Why cant this guy every get filings out on time? The SOS even shows the company as delinquent.
In the quote you posted it simply says, ESCU agreed to pay $40 million for a family patent that expires in a few years, Kerry Capital evaluated the company, ESCU went ahead and paid the $40 million for the patent.
No where does it say Kerry Capital agrees with the $40 million valuation. When is ESCU going to publish the asset valuation so we can see Kerry Capital's finding? For all we know KC said it was worth $100 million and ESCU was getting a great deal.
All the 3 million in loss carryover turns out to be bogus too. Look at page 16 of the latest thing ESCU filed with pink sheets. They took a valuation allowance. You only do that when you don't believe you will make any revenue to offset the tax loss carryover before it expires. They aren't planning to have a product to sell for a long long time (never is probably more accurate).
I think you are right. Kimmons didn't sell the shell. He is still very much involved.
The most important quote from the year end pink disclosure:
Pacific Stock Transfer? ESCU is still working with that crew? Haven't we heard about the Transfer Agent before??
I guess so. The payout was at $40million based on a share price of $1. The hare price has stalled t $2. If they believed that the stock was going to increase they would have valued the stock at $2. They are expecting the stock to tank and built in a cushion that, btw, costs them nothing to do. When the sell starts, even a few hundred thousand will be a nice payday for promoting a worthless patent.
No such valuation has been presented. ESCU just handed out a ton of shares based solely on what they felt like handing over to their company based in Spain.
Even after the multiple R/S enacted by Kimmons and crew? That is just plain misinformation.