Thank you for your response Mr..speed.
Everything except the USB was unplugged. I think now,the chip that stores the firmware is cooked because it wont load it.
I really believe there is something shorting in it and i also believe that it is displaying the truth when it says its pulling 118amps because it instantly gets smoke`n hot (minus the smoke).
I`v ordered another one,and I'm not worried about the warranty,so i removed the clear shrink wrap and peaked inside.....And guess what i saw?
A bunch of components that mean nothing to me!.....lol...... I mean everything looks fine,no bad solder joints or anything.The long flat chip that you cant see thats under the eagletree sticker is the one that gets really hot almost instantly you put any power to it via USB or battery or even through the just the throttle plug from the ESC.
I can take pic`s of it opened up if anyone is interested...
I guess i will just sit tight until the new one comes in.