Carnegie Development Inc. (CDJM)

[Meyerlane621]

I never said anything about NIR and EDWY settlement issue.

All I said was Gary has said there only a couple of hudred thousands restricted share out there after the last RS from the past and that was the item that you asked about.

Post number #10104

Note Payable to NIR $5,069,239

http://www.otcmarkets.com/financialReportViewer?symbol=EDWY&id=43031
Page 26

NIR buys up debt in exchange for extraordinarily discounted stock (greater than 50% at times).
There is currently no way to know, the discount rate or how much of this is left to convert.