Just to make things perfectly clear here is what I know from talking to ESCU:
1. ESCU has an active Nevada business license.
2. There is a Deposit Chill (not a trading suspension) on the stock. ESCU plans to submit its approved S1 (forthcoming) to DTCC to have the chill removed.
3. ESCU is going through the process of getting its S1 filing approved. Everything is going as planned. Management tells me they will make their 3rd filing at any time now. Companies file an average of 3 to 5 times to secure approval. Management is thinking positively that this filing should answer most of the SEC's questions. This is the normal procedure for securing SEC approval.
4. ESCU management is paying for all legal, accounting and audit expenses as well as the normal costs of operating a public company (transfer agent fees, registered agent fees, Sect of State fees, etc) out of its own pocket.
5. Management says formal announcements about the company and its plans will be forthcoming with S1 approval.
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