Replies to post #36622 on Carnegie Development Inc. (CDJM)

[FD2you]

"FASB ASC Paragraph 845-10-15-4 requires to record the non-monetary assets exchanged for common stock, just prior to the public offering, at the seller's historical cost, as stated in SAB Topic 5.G.

Though the seller did not disclose the historical cost for the purposes of SAB Topic 5.G, Escue Energy adapted the cash value of $10 for the purposes of SAB Topic 5.G as in the Patent Sale Agreement dated 1-9-2015 and the balance as the premium value paid for the patent by share issuance as per the Patent Sale Agreement dated 1-9-2015"

[stockfan100]

I believe ESCU shareholder have already understood your thorough explanation of an appraisal process.

The silly abd baseless speculations have turned to an amusement now.