Canadian Michael Gelmon's Novation Holdings, Inc sold 51% stake in AEGY to IEquity in May 2013. Gelmon's Novation Consulting, Inc (Gelmon Dir/Pres; AEGY Principal Accounting Officer John F. Burke, Treasurer; Robert J. Hipple General Counsel) has had a contract with AEGY from Dec 2012 for services. The Alberta ruling has left Gelmon with lots of AEGY stock he can't sell in the US. Now, this PR.

AEGY Principal Accounting Officer John F. Burke cosigns the AEGY SEC filings. Burke was listed as consultant at SKTO during 2013.