Replies to post #31537 on Carnegie Development Inc. (CDJM)

[FD2you]

They look pretty current on the filings.

NOTE 4: STOCKHOLDERS’ DEFICIT

Preferred Stock - Series A

Series A Convertible Preferred Stock, or Series A Preferred Stock,
have a par value of $0.001 per share.
The holders of Series A Preferred Stock shall receive a dividend of 6% per annum, payable semi-annually.

Each share of Series A Preferred Stock carries voting rights equal to the number of common stock equivalents held on the date of the vote. The shares of Series A Preferred Stock, and any accrued dividends, are convertible into shares of common stock, at any time, at a rate of $6.00 per common stock share as Escue Energy Inc. adjusted for certain events. The shares of Series A
Preferred stock can also be redeemed at a rate of $6.00 per share, plus any accrued dividends. As on September 27th, 2015 there are 1,000 shares as authorized, issued and outstanding.

Preferred Stock - Series B

As on September 27th, 2015 there are 4,000,000 shares as authorized in Preferred Stock – Series B, with the
par value of $0.001 per share. No shares are issued in Preferred Stock – Series B.

The holders of Series B Preferred Stock are not entitled to dividends and the shares of Series B Preferred Stock carry no liquidation preference. The shares of Series B Preferred Stock are convertible into shares of common stock, at any time, at arate of 3.15 shares of common stock for each one share of Series B Preferred Stock.

Preferred Stock - Series C

As on September 27th, 2015 there are 9,100,100 shares as authorized in Preferred Stock – Series C, with the par value of $0.001 per share. No shares are issued in Preferred Stock –
Series C.
The holders of Series C Preferred Stock are not entitled to dividends and the shares of Series C Preferred Stock carry
no liquidation preference. Each share of Series C Preferred Stock carries 4 times the number of common stock votes.
The shares of Series C Preferred Stock are convertible into shares of common stock, at any time, at a rate of conversion of
4 shares of common stock for each one share of Series C
Preferred Stock. The shares of Series C Preferred stock can also be redeemed at a rate of $4.00 per share.

Preferred Stock - Series D

As on September 27th, 2015 there are 1,000 shares as authorized in Preferred Stock – Series D, with the par value of $0.001 per share. No shares are issued in Preferred Stock – Series D.
The holders of the Series D Preferred Stock are not entitled to
dividends and the shares of Series D Preferred Stock carry a liquidating preference eight times the sum available for distribution to common shareholders. Each share of Series D Preferred Stock carries 5 times the number of common stock votes.
The shares of Series D Preferred Stock are convertible into shares of common stock, one year after issuance, at a rate of conversion of 20 shares of common stock for each one share
of Series D Preferred Stock. The shares of Series D Preferred Stock are not subject to reverse stock splits and other changes to the common stock of eDoorways.

Preferred Stock - Series F

As on September 27th, 2015 there are 50,000,000 shares as authorized in Preferred Stock – Series F, with the par value of $0.001 per share. 50,000 shares are issued and outstanding in Preferred Stock – Series F.
The holders of Series F Preferred Stock shall receive a dividend of 5% per annum, payable quarterly on the last day of each calendar quarter.
Any accrued dividends may be converted into common stock, at the
holder’s option, at a rate equal to the closing price of the Company’s common stock on the date each dividend is declared.
The shares of Series F Preferred Stock include a liquidation preference equal to $5,000,000, plus unpaid accrued dividends.
Each share of Series F Preferred Stock carries 1 vote.
The shares of Series F Preferred Stock are convertible into shares of common stock, 90 days after issuance, at a rate of conversion of 5 shares of common stock for each one share of Series F Preferred Stock.


Preferred Stock - Series G

As on September 27th, 2015 there are 60,000,000 shares as authorized in Preferred Stock – Series G, with the par value of $0.001 per share. 47,696 shares are issued and outstanding in Preferred Stock – Series G

The holders of Series G Preferred Stock are not entitled to dividends and the shares of Series G Preferred Stock carry no
liquidation preference. Each share of Series G Preferred Stock carries 1 vote. The shares of Series G Preferred Stock are convertible into shares of common stock, six months after issuance, at a rate of conversion of 1.5 shares of common stock for each one share of Series G Preferred Stock.

Preferred Stock - Series H

As on September 27th, 2015 there are 10,000,000 shares as authorized in Preferred Stock – Series H, with the par value of $0.001 per share. No shares are issued in Preferred Stock – Series H.
The holders of Series H Preferred Stock are not entitled to dividends and the shares of Series H Preferred Stock carry no
liquidation preference. Each share of Series H Preferred Stock carries 1 vote. The shares of Series H Preferred Stock are convertible into shares of common stock, 90 days after issuance,
at a rate of conversion of 5 shares of common stock for each one share of Series H Preferred Stock.