When SK issued a PR on the day (06/20) SKTO resumed trades in Grey Market, an astute poster asked, what's in it for SKTO? It was puzzling that Artemus Mayor of SK3 would be first to issue a PR about the start of a potential merger or acquisition process with an unnamed Canadian firm that involved AEGY, not SKTO. Given Mayor's abysmal track record of failures and forecasts notwithstanding his stellar artistry in baiting hooks, the swallowing of these passages may require that proverbial grain of salt. Can you find a curiously worded statement in their last communique?
06/20/2014 SK PR
"Alternative Energy Partners, Inc. ('AEGY'
has advised us that it has agreed in principal to merge with or be acquired by a Canadian company listed on the Canadian Stock Exchange, with a dual listing on the Frankfurt Exchange to be applied for thereafter, and a letter of intent has been received by the AEGY and nearly all of the terms have been agreed and approved by the Board of Directors of the AEGY. The letter of intent is expected to be signed no later than Monday, June 23, 2014, followed by the preparation of a definitive acquisition agreement. This transaction should be completed in the next 4 to 6 weeks, and will position AEGY and SKTO to undertake regulatory testing and approval of their cannabis-based products in Canada, where regulatory standards for cannabis-related product testing are more encouraging. It will also result in a more orderly trading market for the common shares of the companies, which will help to end some of the trading difficulties currently faced by the Company's shareholders. Once the transaction with the Canadian public company has been closed, it is intended that the previously announced merger between the Company and AEGY will be completed in the Canadian public company, such that one entity will move forward from the two companies."
"We are happy to report that the Company's business has continued to grow, with increasing sales of our products. We have had to hire additional drivers to service the increased demand for products to be delivered by www.pharmajanes.com." (OK, but where's the money, Artemus?)
06/23/2014 AEGY 10-Q (April 30, 2014)
"On June 22, 2014, the Company signed a letter of intent with a Canadian reporting issuer under which the Company will be acquired by a newly formed subsidiary of the Canadian company, which will become a reporting issuer and then will apply for trading of its common stock on a Canadian exchange. A subsequent listing application also will be filed for the Frankfort exchange. The specific terms and structure of the transaction have not been finally determined and will be contained in a definitive agreement to be prepared and filed shortly."
06/24/2014 Joint PR AEGY/SKTO
"We are pleased to update our shareholders that the letter of intent referenced in our last press releases concerning the impending merger with a company listed on a Canadian Stock Exchange has now been signed, and we are preparing a definitive long form acquisition agreement. Specific details of the planned acquisition transaction, including the new company's name and ticker, and the effect of the transaction on the Companies and our shareholders, including how shareholders will take shares of the new entity, will be provided no later than when the definitive acquisition agreement has been signed if not sooner."
06/20/2014 SK PR
"Alternative Energy Partners, Inc. ('AEGY'
has advised us that it has agreed in principal to merge with or be acquired by a Canadian company listed on the Canadian Stock Exchange, with a dual listing on the Frankfurt Exchange to be applied for thereafter, and a letter of intent has been received by the AEGY and nearly all of the terms have been agreed and approved by the Board of Directors of the AEGY. The letter of intent is expected to be signed no later than Monday, June 23, 2014, followed by the preparation of a definitive acquisition agreement. This transaction should be completed in the next 4 to 6 weeks, and will position AEGY and SKTO to undertake regulatory testing and approval of their cannabis-based products in Canada, where regulatory standards for cannabis-related product testing are more encouraging. It will also result in a more orderly trading market for the common shares of the companies, which will help to end some of the trading difficulties currently faced by the Company's shareholders. Once the transaction with the Canadian public company has been closed, it is intended that the previously announced merger between the Company and AEGY will be completed in the Canadian public company, such that one entity will move forward from the two companies." "We are happy to report that the Company's business has continued to grow, with increasing sales of our products. We have had to hire additional drivers to service the increased demand for products to be delivered by www.pharmajanes.com." (OK, but where's the money, Artemus?)
06/23/2014 AEGY 10-Q (April 30, 2014)
"On June 22, 2014, the Company signed a letter of intent with a Canadian reporting issuer under which the Company will be acquired by a newly formed subsidiary of the Canadian company, which will become a reporting issuer and then will apply for trading of its common stock on a Canadian exchange. A subsequent listing application also will be filed for the Frankfort exchange. The specific terms and structure of the transaction have not been finally determined and will be contained in a definitive agreement to be prepared and filed shortly."
06/24/2014 Joint PR AEGY/SKTO
"We are pleased to update our shareholders that the letter of intent referenced in our last press releases concerning the impending merger with a company listed on a Canadian Stock Exchange has now been signed, and we are preparing a definitive long form acquisition agreement. Specific details of the planned acquisition transaction, including the new company's name and ticker, and the effect of the transaction on the Companies and our shareholders, including how shareholders will take shares of the new entity, will be provided no later than when the definitive acquisition agreement has been signed if not sooner."
