Carnegie Development Inc. (CDJM)

[BigBuy57]

There are only 168K shares in the float, so there are not a "ton of shares waiting to be sold." Those with restricted shares cannot sell them because very few brokerage firms that will take the shares due to the existing deposit chill. That includes Kimmons' shares, which are in book form with the transfer agent, meaning they were NEVER DEPOSITED with a broker.

Regarding the company's phone statement that it does not need to sell shares, you have to remember that ESCU possesses a valuable asset...the patent agreement. It is a BANKABLE ASSET. In layman's terms, you can take it to the bank and use it as collateral. I'm sure that's what ESCU is doing, which is GREAT! It eliminates the need to sell shares in the open market, which would put pressure on the stock.