Replies to post #29790 on Carnegie Development Inc. (CDJM)

[Dan Simmons]

Has EDoorways been making the $50,000 per quarter payments? Where did they come up with the cash to make those payements? Where did they get $300,000 for the initial payment? Either this deal is in default or EDoorways has been handing out a ton of stock to cover these payements.

Ajene may have been the one who was given the 200,000,000 free trading shares valued at 0.0000 back in the fourth quarter.

Don't believe everything you see in an EDoorways pink sheet disclosure. Kimmons is a master of equivocation.

Ajene Watson doesn't sit around waiting to get paid. That is not the business model he uses.

[FD2you]

$EDWY may not be such a great RM candidate. Still lots of REAL baggage...not POSSIBLE baggage, but VERY REAL reasons why any company interested in an RM would run for the hills.

Quote:EDWY Reverse Merger Red Flags

The Securities and Exchange Commission’s (the “SEC”) “Enforcement Initiatives to Combat Financial Reporting and Microcap Fraud and Enhance Risk Analysis” identifies red flags that are useful to private companies seeking to go public using a reverse merger with a public shell.

The SEC identified a primary target of its new task force — reverse merger purveyors and securities attorneys. The release emphasized the importance of the role of gatekeepers—attorneys, auditors, broker-dealers, and transfer agents—play, or ought to play, in stopping fraud before it happens. All too often, unfortunately, those gatekeepers collude with the fraudsters. Now the SEC plans to target miscreants which should send a clear message to any company considering a reverse merger transaction.

Private companies involved in going public transactions should consider who they hire as a securities attorney. They should avoid hiring any securities attorney who wears the hat of a lawyer and shell purveyor. In recent years, the SEC as well as the Justice Department have brought actions against numerous securities attorneys for their role in securities fraud schemes including pump and dumps, ponzi schemes, insider trading, money laundering, corporate hijackings, manufacturing public shell companies for reverse mergers, drafting bogus legal opinions and even forging legal opinions.

Common Red Flags Include:

Check changes in management of the public shell company while it is inactive or shortly after its corporate charter is reinstated;

Check state receivership or custodianship proceedings followed by reverse stock splits and/or large stock issuances which transfer shareholder voting control;

Check recent transfers of stock between entities or persons who received shares for services rendered in receivership or custodianship proceedings;

Check periods of inactivity in the Secretary of State corporate records of the public shell company;

reinstatement of an administratively dissolved corporate entity with the Secretary of State where the public shell company is domiciled;

changes in the state of domicile of the public shell company;

Check multiple corporations domiciled in the same state or different states with the same or similar names, which are controlled by the same person or persons;

Check accountants, lawyers and transfer agent principals and their family members and/or employees having voting control or beneficial stock positions of the public shell company;

changes of control or corporate name changes at times when the public shell company does not have an active business; and

involvement of persons or entities in multiple public shell company or reverse merger transactions.

For further information about this blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton Florida, [phone], by email at [e-mail] or visit www.reversemergers101.com. This memorandum is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship. For more information concerning the rules and regulations affecting the use of Rule 144, Form 8K, FINRA Rule 6490, Rule 506 private placement offerings, Regulation A, Rule 504 offerings, SEC reporting requirements, SEC registration on Form S-1 and Form 10, Pink Sheet listing, OTCBB and OTC Markets disclosure requirements, DTC Chills, Global Locks, reverse mergers, public shells, go public direct transactions and direct public offerings please contact Hamilton and Associates at [phone] or by email at [e-mail]. Please note that the prior results discussed herein do not guarantee similar outcomes.

Hamilton & Associates | Securities Lawyers
Brenda Hamilton, Securities Attorney
101 Plaza Real South, Suite 202 North
Boca Raton, Florida 33432
Telephone: [phone]
Facsimile: [phone]
www.reversemergers101.com


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