Carnegie Development Inc. (CDJM)

[BigBuy57]

NO. A certified asset valuation entity was hired by ESCU to analyze the asset and assess its value. As professional asset valuators they employ a multi-factoral approach that takes into account numerous factors.

They do not simply take the price that was paid and rubber-stamp it as the assessed value. That's ridiculous. It's not the way assets of public companies are handled from an accounting perspective.

Also, the auditor will not place the asset on the books without the signoff of an independent appraiser.