It was a watershed day, for sure. Their intent to list the SKTO/AEGY merger entity to Nasdaq/NYSE-AMEX is somewhat earth shaking. However, in context of past comments by Allyn and Benz about going nationwide and not in this for mere nickels, it falls into place. These guys think big. The scenario you presented makes sense. AEGY is fully reporting OTCQB. SKTO is downtier non SEC-reporter. And SKTO shell, well, I doubt if any long ever liked it nor wished it not begone.

"Shareholders of each constituent party to the merger will receive shares of the new holding company, which will succeed to the SEC reporting obligation of AEGY and which will apply for a new trading symbol, a new CUSIP number, and continued electronic trading status with the Depository Trust Company. "

PR
According to AEGY President Mario Barrera: "This merger should also clear up other issues including the pending dividend, name change, and CUSIP change."

Final terms of the merger are still being worked out and a merger agreement is expected to be signed within the next 30 days, but the basic terms of the agreed merger call for SKTO and AEGY to merge into a newly formed holding company which will integrate the separate operations of both companies.

Shareholders of each constituent party to the merger will receive shares of the new holding company, which will succeed to the SEC reporting obligation of AEGY and which will apply for a new trading symbol, a new CUSIP number, and continued electronic trading status with the Depository Trust Company.

The final exchange rate for the common shares of AEGY and SKTO will be based on the volume weighted average market value of each company on the record date, which has not yet been determined.