"The sole apparent basis for the Alberta action, whether or not enforceable against Registrant, was that Michael Gelmon was a director of Registrant from January 2013 to early May, 2013. Mr. Gelmon resigned all positions with the Company as of early May, 2013, long before the "cease trade order" was issued and is not now affiliated in any way with Registrant. The Registrant will continue to attempt to remove the "cease trade order" imposed against it by the Alberta Securities Commission, but does not expect the existence of the order to have any material impact on Registrant."

Someone post this on AEGY so we don't have to hear another million questions about the retarded CTO... Thanks