Carnegie Development Inc. (CDJM)

[Milesblue42]

MFI, these price-ESCU-predictions-are-UNREALISTIC IMO

Wasn't it alleged that ESCU was supposed to be well north of $3.00 when they released their October 2nd Otcmarkets financials? Yet it closed at $2.25 on 2/17/2016. And the Bid was $2.00 What Happened?

Escue Energy, Inc. ( (ESCU)
2.25 ? 0.15 (7.14%)
Volume: 553 @ 3:37:17 PM ET
Bid Ask Day's Range
2.0 2.25 2.25 - 2.25

Also with a such a tiny tiny float. Pps could move $10 easy. I like where I stand with this. Like it a lot. :)

$ESCU

More Escue Enegy Comedy right now Ha Ha

It kinda sounds like the Company might be saying the opposite

How on earth is this share structure going to remain low for a company that told the SEC it is Cash Strapped, is Dependent on Financing to meet its obligations, needs $5 Million dollars, has Zero Revenue and has Zero Products for sale rightnow?

See page 10 of the S-1 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11055219

DILUTION



We currently have 41,135,059 shares of our Common Stock issued and outstanding. The shares that are currently being registered under this registration statement will have a dilutive effect on those shares presently issued and outstanding.

See page 20

Going Concern Qualification




Our financial statements have been prepared assuming we will continue as a going concern. The Company has experienced a loss from operations which were brought forward from previous unrelated operations. For the period from inception to September 30, 2015, the Company incurred a net loss of $2,950,598.



The Company's financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. This need for additional capital and the uncertainty of obtaining such capital, along with other factors, raise substantial doubt about our ability to continue as a going concern. Our financial statements do not include any adjustment that might result from the outcome of this uncertainty. Assurances cannot be given that adequate financing can be obtained to meet our capital needs.

Page 23

Capital Resources and Liquidity

We currently rely on cash flows from financing activities to fund our capital expenditures and to support our working capital requirements. We expect that future cash requirements will principally be for capital expenditures and working capital requirements.

Page 24

We cannot be certain that our business strategies will be successful or that will we generate significant revenues and become profitable. Additionally, we will need to obtain additional public or private equity financings or debt financings in order to continue operations.

Page F-6

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due, to fund possible future acquisitions, and to generate profitable operations in the future. Management plans may continue to provide for its capital requirements by issuing additional equity securities and debt. Until August 30 th , 2015, the outcome of these matters could not be predicted, especially there were no activities.

Page 4

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.

Page 4

Failure to secure additional financing in a timely manner and on favorable terms would have a material adverse effect on our financial performance, results of operations and stock price and require us to curtail or cease operations, sell off our assets, and/or perhaps seek protection from our creditors through bankruptcy proceedings.