Carnegie Development Inc. (CDJM)

[Meyerlane621]

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.

Rumor has it a yet to be named independent firm evaluated the patent's value. There was plenty of time to show the patent's asset value in the S1. I wonder why they wouldn't want the SEC to see that asset on the books? Why wouldn't they want potential investors to see that asset in the S1. I think they over paid for the patent if it has zero value as an asset.