I hope JB can stop the merger or delay it for a ye
Post# of 36728
Posted On: 04/03/2014 4:51:11 PM
I hope JB can stop the merger or delay it for a year at least. If not, I don't see how the SEC will pass on it. There are too many red flags and questionable matters.
AEGY appears to be nothing more than a a fast printing press and a reproducible web-sales platform. Between Feb 1, 2014 and March 19, 2014 inclusive, AEGY issued 1.385 billion new shares. That's just in 32 business days (not including NYSE holiday) for an average of 43.3 million shares issued every business day. That's not to mention 1,339,318,962 shares issued in from Aug 1, 2013 to Jan 31, 2014
I've come to think AEGY wants the merger in order to keep their presses rolling. Their talk of AMEX/Nasdaq I take with a grain of salt.
According to recent AEGY SEC filings: http://www.otcmarkets.com/stock/AEGY/filings
AEGY (the "Company") has an accumulated deficit of $10,247,626, and a working capital deficit of $1,761,077 as of Jan 31, 2014.
In the the six months ending January 31, 2014, the Company issued 1,339,318,962 common shares resulting in 2,164,853,983 outstanding shares as of January 31, 2014.
As of March 19, 2014, there were 3,549,927,718 shares of common stock outstanding.
These data also show that the pace of dilution from August 1, 2013 to March 19, 2014 was 363 million common stock issued per month.
Even more disturbingly, these data show AEGY issued 1.385 billion common shares in just 32 business days (not counting NYSE holiday) for an average of 43.3 million shares issued every business day from Feb 1 - March 19 inclusive.
Assuming the latter pace of dilution, an additional 476 million common shares of AEGY would have been issued by today's date April, 3, 2014.
AEGY appears to be nothing more than a a fast printing press and a reproducible web-sales platform. Between Feb 1, 2014 and March 19, 2014 inclusive, AEGY issued 1.385 billion new shares. That's just in 32 business days (not including NYSE holiday) for an average of 43.3 million shares issued every business day. That's not to mention 1,339,318,962 shares issued in from Aug 1, 2013 to Jan 31, 2014
I've come to think AEGY wants the merger in order to keep their presses rolling. Their talk of AMEX/Nasdaq I take with a grain of salt.
According to recent AEGY SEC filings: http://www.otcmarkets.com/stock/AEGY/filings
AEGY (the "Company") has an accumulated deficit of $10,247,626, and a working capital deficit of $1,761,077 as of Jan 31, 2014.
In the the six months ending January 31, 2014, the Company issued 1,339,318,962 common shares resulting in 2,164,853,983 outstanding shares as of January 31, 2014.
As of March 19, 2014, there were 3,549,927,718 shares of common stock outstanding.
These data also show that the pace of dilution from August 1, 2013 to March 19, 2014 was 363 million common stock issued per month.
Even more disturbingly, these data show AEGY issued 1.385 billion common shares in just 32 business days (not counting NYSE holiday) for an average of 43.3 million shares issued every business day from Feb 1 - March 19 inclusive.
Assuming the latter pace of dilution, an additional 476 million common shares of AEGY would have been issued by today's date April, 3, 2014.
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