Carnegie Development Inc. (CDJM)

[FD2you]

But the audit has not only the footnote described by the SEC fraud report, but the exchange of shares for a questionable asset too.

That's just too many questions for a stinky pinky shell.

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Uh oh could this Escue Energy footnote be a possible Red Flag? https://www.sec.gov/investor/pubs/microcapstock.htm Quote: Odd Items in the Footnotes to the Financial Statements Many microcap fraud schemes involve unusual transactions among individuals connected to the company. These can be unusual loans or the exchange of questionable assets for company stock that may be discussed in the footnotes.
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BigBuy57 Tuesday, 02/16/16 03:44:30 PM Re: FD2you post# 34657 Post # of 34680 It's footnoted by the auditor in the current version of the audited financials and will be on the balance sheet of the forthcoming version.

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NOTE 15 - SUBSEQUENT EVENTS

The Company entered into a Patent Sale Agreement, dated September 1, 2015, with Escue Wind S.L., a Spanish corporation, having its principle place of business in Malaga, Spain (the "Seller"). Pursuant to the agreement the Company became obligated to issue an aggregate of 40,000,000 shares of the Company's Common Stock with a total value of $40,000,000. On or about October 12, 2015 the 40,000,000 shares were issued to the Seller and its nominees. As part of this patent sale, this opens the door for the Company to bring to the market patented game changing technology in the Wind Generating sector especially as it relates to Rural Electrification as per the Company's new business plan.

http://www.sec.gov/Archives/edgar/data/1024095/000147793215006599/escu_s1.htm