Sunday, February 07, 2016 3:10:31 PM
A total waste of time. Nothing has been presented for the market to consider.
Could not further from the truth? Is this what Gary Kimmons is wanting the Market to believe? Ha Ha
His Controlling Ways from his old Blog don't work here
- The S-1 has shown that an alleged new Company has over $2 Million dollars in debt. So this Company has almost $3 Million in debt but not ONE Single Product or working Prototype to show for it?
WE MAY INCUR LOSSES IN THE FUTURE AS WE EXPAND OUR BUSINESS. We had an accumulated deficit of $2,950,598 as of September 30, 2015.
SHELL COMPANY STATUS CODE OF ETHICS WE ARE DEPENDENT UPON EXTERNAL FINANCING TO FUND OUR ONGOING OPERATIONS AND IMPLEMENT OUR BUSINESS PLAN. Currently, we are dependent upon external financing to fund our operations. We project that the Company will need over the next 24 months approximately $5,000,000 in additional working capital to meet short term liquidity requirements and to begin implementation of our business plan. Of this sum, approximately $100,000 is estimated to be required to fund our public reporting requirements. It is imperative that we obtain this external financing to finance ongoing operations. We currently do not have commitments from third parties for additional capital. We cannot be certain that any such financing will be available, or available on commercially reasonable terms. WE WILL BE EXEMPT FROM EVALUATING AND DISCLOSING THE EFFECTIVENESS OF OUR INTERNAL CONTROLS OVER FINANCIAL REPORTING FOR A PERIOD OF TIME. LEGAL PROCEEDINGS
- The S-1 has shown the public that this Company doesn't have not one single product for sale
- The S-1 has shown the public that this Company has a Shell status
We are a development stage company with nominal operations and assets. As a result, we are considered a shell company under Rule 405 of the Securities Act and are subject to additional regulatory requirements as a result of this status, including limitations on our shareholders ' ability to re-sell their shares in our company, as well as additional disclosure requirements. Accordingly, investors should consider our shares to be a high-risk and illiquid investment. See "Risk Factors" for the risks of investing in a shell company.
- The S-1 has shown the public that this Company doesn't have one single signed contract for a Wind Turbine Customer
- The S-1 has shown the public that this Company doesn't have a CODE OF ETHICS
The Company has not adopted a Code of Ethics.
- The S-1 has shown the public that this Company is going to be dependent on External Funding
- The S-1 has shown the public that this Company will be exempt from the following below
We will not be required to evaluate the effectiveness of our internal controls over procedures for financial reporting nor will we be required to disclose the results of such evaluation, until the filing of our second annual report. The lack of such evaluations may lead to an extended period of inadequate internal controls which could jeopardize the accuracy of our financial reporting, the result of which would be that investors would not be aware of any inaccurate reporting of our financial affairs.
- The S-1 has shown the public that this Company still has some of eDoorways Legal Proceedings
On August 31, 2006, Deanna S. Slater, an independent contractor formerly with M Power Entertainment, Inc. (predecessor to Escue Energy, Inc.), brought suit in County Civil Court at Law Number Four in Harris County, Texas, Docket Number 872,560, alleging breach of contract, quantum meruit, promissory estoppel and for attorney's fees. No specific dollar amount was claimed by Ms. Slater, and the Court on December 29, 2006 grant our Special Exceptions and she was required to replead her petition alleging the amount she sought in damages along with certain other pleading requirements. The pre-lawsuit demand for payment of $15,785.25. Trial was had on this matter in November 2007. On December 31, 2007, the Court awarded Deanna S. Slater the sum of $3,400 in damages and $5,000 in attorney's fees. The Judgment remains in effect as of the date hereof.
A lawsuit was initiated against the Company in the matter entitled Growth Acceleration Partners vs. eDoorways International Corporation, Ian Mitchell and eDoorways Corporation, Inc. on November 17, 2010 I the 345th Judicial District of Travis County, Texas in Cause N. D-1-GN-10-004048. A Motion to Retain was filed by the Plaintiff in June 2013 and settlement negotiations resulted in an Agreed Judgment in favor of Plaintiff of $7,995 with attorney's fees of $17,989 which was entered by the Court on December 6, 2013. There was a Forbearance Agreement from execution for six months from entry. The Judgment remains in effect as of the date hereof.
We are not aware of any other claims or assessments, other than described above, which may have a material adverse impact on our financial position or results of operations.
Nothing has been presented for the market to consider.
WOW Escue Arguments are all over the place. So now the S-1 isn't the Bible anymore? lolllllllzz
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