Carnegie Development Inc. (CDJM)

[Meyerlane621]

This company is involved with Ajene Watson?

Isn't Ajene Watson the guy involved in the lawsuit Podkay posted about some time ago?

Page 7:
The lawsuit mentions EDWY, UCHB and OTHM as other companies that attorney Licht found were harmed in the manner Simulated was. He notes that he finds information regarding this (page 3) by using "various filings with the SEC". Licht accuses the defendants of (his words):

* fraudulent activities
* conspiracy
* perpetuated a scheme
* deception
* injury to investors
* racketeering

The list seems to go on and on. Fake press releases. Selling shares immediately that were supposed to be restricted. Etc.

The way things were purported by Licht to have been done are explained on page 15. The pattern includes duping the management. Licht was the managing director of Simulated (SMEV).

Page 20 is what I find very interesting and explains why EDWY was mentioned in the lawsuit. One of the defendants emails to Licht. The email says "we are expanding another client's credit facility from $500k to $2mm. There is a notation (number 4). If you go to the notation it says:

"This comment is associated with another company -E-Doorways, also traded on PinkSheets. Unfortunately, at the hands of the Defendants, EDWY has suffered the same fate as Simulated. Its stock was decimated by "pump-and-dump" scheme and they have never seen the credit facility or neither $500,000 nor the $2,000,000. These announcements amounted to nothing more than hype".

That IMO is significant. This is not some anonymous poster on a board. This is not somebody just asserting their opinion or asking a question via a bogus AOL email address. Not even close! This is a licensed attorney bringing formal litigation. Very substantial litigation IMO after he did a lot of research. Fascinating stuff!

If you take a look at some of the defendants they seem to be doing pretty well. A couple of million dollar house in Florida one has and another pushing $5 million up in the east. Compared to G.K. who could not pay his bills at times and as best I can tell lives in a apartment by a strip center/mall.

G.K. apparently did not get on the pump-and-dump gravy train? The opposite is true according to lawyer Licht and he puts in writing in a very real lawsuit. He says EDWY and other companies were, according to the lawsuit, defrauded, conspired against, deceived, etc.

This may make some people pause and take a breath and wonder what was the impact of such activity on EDWY in the past and present. And what it did to not only SMEV but the other companies mentioned and their shareholders.

http://www.scribd.com/doc/112739347/Watson