Carnegie Development Inc. (CDJM)

[Meyerlane621]

Wind Escue SL was started a couple of months ago. How much did they pay for the patents that ESCU just bought for 40,000,000 shares at a value of $1.00 per share?

Related Party Transactions

On September 1, 2015, the Company entered into a Patent Sale Agreement with Escue Wind S.L, a Spanish corporation (the "Seller), whereby the Company acquired certain United States and Canadian Patents for a "Straight-Bladed Vertical Axis Wind Turbine". The consideration paid by the Company to the Seller is 40,000,000 shares of the Company's common stock, with the total value of the transaction being $40,000,000.00. The Chief Executive Officer of the Seller is Sohail Quraeshi, who is also the Chief Executive Officer, President and a Director of the Company, Sohail Quraeshi is the record owner of Escue Wind S.L.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10967047

Sohail Quraeshi- Chief Executive Officer, President and Director of ESCU

Sohail Quraeshi is also the holder of the Series A shares that give him 75% voting rights for ESCU.

I wonder if Saeed even knows whats going on? He owns no shares of the company and I don't see an employment contract for him in the S1.

I wonder what other interesting information can be found in the S1.