The shadow of a prospective merger with a rotten e
Post# of 36729
Posted On: 04/02/2014 12:08:05 PM
The shadow of a prospective merger with a rotten egg is dampening interest in SKTO. The market has become wary and unenthused for a reason. In looking over recent AEGY financials, it becomes clear that AEGY -- with scads of convertible debt, an accumulated deficit of $10,247,626, and a working capital deficit of $1,761,077 as of Jan 31, 2014 -- is just the latest debt-to-shares spin machine created by a small cabal of consultants/lenders who specialize in hanging paper along with collecting interest and fees. The entity names may change, but the scheme players remain the same. The AEGY fins are heavily peppered with these entity names who form the gravy train:
iequity corp (Jan + ___ )
Crystal Falls Investments LLC (Mascarenhas);
CF Consulting LLC (Hipple);
Indian River Financial Services LLC (Hipple);
CFOs to Go, Inc (Jan, Hipple, Burke)
Lin-Han Equity Corp (Jan)
Novation Consulting Services, Inc (Gelmon, Burke, Hipple).
Novation Holdings, Inc (Gelmon, Choo)
The contemplated merger of AEGY and SKTO is both an exit strategy for the cabal and a fresh vehicle for the issuance of high-interest rate convertible debt and shares. Given their long history as paper hangers and the apparent lack of trust the market affords them, it is folly to expect this merger, if consummated, to be anything but yet another cycle of debt and share issuance by the cabal. It's the only game they know how to play well. It's additional folly to expect the names above will not appear as management or directors of the merged entity. The market has apparently picked up this scent.
iequity corp (Jan + ___ )
Crystal Falls Investments LLC (Mascarenhas);
CF Consulting LLC (Hipple);
Indian River Financial Services LLC (Hipple);
CFOs to Go, Inc (Jan, Hipple, Burke)
Lin-Han Equity Corp (Jan)
Novation Consulting Services, Inc (Gelmon, Burke, Hipple).
Novation Holdings, Inc (Gelmon, Choo)
The contemplated merger of AEGY and SKTO is both an exit strategy for the cabal and a fresh vehicle for the issuance of high-interest rate convertible debt and shares. Given their long history as paper hangers and the apparent lack of trust the market affords them, it is folly to expect this merger, if consummated, to be anything but yet another cycle of debt and share issuance by the cabal. It's the only game they know how to play well. It's additional folly to expect the names above will not appear as management or directors of the merged entity. The market has apparently picked up this scent.
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