Posted On: 04/07/2014 4:54:14 PM
Post# of 36729
AEGY. Good points. There are clouds. By his own statement, J. F. Burke is a consultant/officer of AEGY (hence an affiliate) and is treasurer/officer of Novation Consulting, Inc., the Gelmon-run consulting firm that essentially has operated AEGY from Dec 2012 to present. How can Gelmon not be involved in policy making at AEGY? Policy making is the outlier test by SEC of an officer even if there is no title as such. Barrera appears to be a figure-head CEO. AEGY, by its own admission, has no paid employees, only consultants that perform the necessary corporate functions.
AEGY: "Currently, we have no paid employees, full or part-time, and rely on paid consultants to provide necessary services."
AEGY: "In May 2013, Novation Holdings, Inc. (Gelmon) sold its controlling interest in the Company to iEquity Corp., an unrelated party, and we re-located out offices to Boca Raton, Florida.
AEGY: "We have entered into a consulting agreement effective December 31, 2012 with Novation Consulting Services, Inc. (Gelmon), which remains in effect.
AEGY: "Currently, we have no paid employees, full or part-time, and rely on paid consultants to provide necessary services."
AEGY: "In May 2013, Novation Holdings, Inc. (Gelmon) sold its controlling interest in the Company to iEquity Corp., an unrelated party, and we re-located out offices to Boca Raton, Florida.
AEGY: "We have entered into a consulting agreement effective December 31, 2012 with Novation Consulting Services, Inc. (Gelmon), which remains in effect.
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