You are quite right when you say "in the end they
Post# of 36729
Posted On: 04/05/2014 6:40:08 PM
Re: AmericanSavage #30322
You are quite right when you say "in the end they are going to run the operation how they see fit." When they entered the MMJ sector, there were very few players. Now, MMJ is a crowded field, albeit most of them are frauds, as Benz was reported to have opined.
Given their head start, SKTO should arguably be farther along. However, the one shining aspect of the company and to their great credit is their acquisition of Bekeley Bio . That can make up for a lot of their missteps and blunders of which many here are aware.
It's protecting the BB crown jewels that is the priority. Consequently, I oppose the merger with a printing press that is also a financially troubled and problematic firm although the prospect of approved consummation is, by nature of the process, many months down the road if it happens at all. The last PR had no numbers or dates -- not at all in keeping with other "signed merger" announcements by other companies.
Someone mentioned $5 million in contracts @ AEGY. Notwithstanding it's old news, why then did AEGY see fit to issue an average 43.3million new shares to its O/S every business day from Feb 1, 2014 to Mar 19, 2014? That count is from AEGY's last report in March. At that rate another half a billion AEGY common could have been added (as of 04/05) to their 3,549,927,718 shares of common stock outstanding on March 19, 2014. They're running the AEGY operation as they see fit. AEGY has an accumulated deficit of $10,247,626 and a working capital deficit of $1,761,077 as of Jan 31, 2014. Scads more convertibles in its latest fiins. Do we want them running SKTO/BB?
As SKTO shareholders we still have a voice in our company.
Savage . Re AEGY Alberta matter. Gelmon's Novation Holdings sold AEGY to iequity. "In May 2013, Novation Holdings, Inc. sold its controlling interest in the Company to iEquity Corp., an unrelated party." Gelmon is president of Novation Consulting Services, Inc, (NCSI) with an extant 2012 agreement still in force with AEGY to provide key consullting services to the firm. J. F. Burke is treasurer of Gelmon's NCSI and signs the AEGY SEC filings as John F. Burke Consulting Principal Accounting Officer . Yet, AEGY claims to SEC Barrera is sole officer. Barrera also claims to SEC that Gelmon, despite heading NSCI is not affilated in any way with AEGY.
"Mr. Gelmon resigned all positions with the Company as of early May, 2013, long before the 'cease trade order' was issued and is not now affiliated in any way with Registrant (AEGY 8-K signed by Barrera in Feb 2014)."
If Barrera "misspoke" to the SEC in two separate filings, it will not be good.
Very interesting sidebar : Gelmon is Canadian apparently. "...Canadian citizens who may have acquired shares of Registrant (AEGY) on the open market have advised the Registrant that they are now no longer able to trade Registrant’s common stock." (AEGY 8K)
http://investorshangout.com/post/view?id=1392752
Michaek Gelmon is also founder and a partner of Gelmon Brothers Real Estate Consultants which has developed and consulted on commercial real estate developments in excess of $100 million; was a founder of Proteus Currency Fund, a Cayman Island based Hedge Fund involved in the Forex marketplace utilizing Dynex Corporation trading in Monaco and Jacobsen Asset Management in London; and, as a founding-shareholder, Director, as well as Head of Acquisiti ons and Real Estate for Domino's Pizza of Canada Ltd., the Domino's Pizza Master Franchisor in Canada.
http://www.otcmarkets.com/edgar/GetFilingPdf?...ID=9182101
Given their head start, SKTO should arguably be farther along. However, the one shining aspect of the company and to their great credit is their acquisition of Bekeley Bio . That can make up for a lot of their missteps and blunders of which many here are aware.
It's protecting the BB crown jewels that is the priority. Consequently, I oppose the merger with a printing press that is also a financially troubled and problematic firm although the prospect of approved consummation is, by nature of the process, many months down the road if it happens at all. The last PR had no numbers or dates -- not at all in keeping with other "signed merger" announcements by other companies.
Someone mentioned $5 million in contracts @ AEGY. Notwithstanding it's old news, why then did AEGY see fit to issue an average 43.3million new shares to its O/S every business day from Feb 1, 2014 to Mar 19, 2014? That count is from AEGY's last report in March. At that rate another half a billion AEGY common could have been added (as of 04/05) to their 3,549,927,718 shares of common stock outstanding on March 19, 2014. They're running the AEGY operation as they see fit. AEGY has an accumulated deficit of $10,247,626 and a working capital deficit of $1,761,077 as of Jan 31, 2014. Scads more convertibles in its latest fiins. Do we want them running SKTO/BB?
As SKTO shareholders we still have a voice in our company.
Savage . Re AEGY Alberta matter. Gelmon's Novation Holdings sold AEGY to iequity. "In May 2013, Novation Holdings, Inc. sold its controlling interest in the Company to iEquity Corp., an unrelated party." Gelmon is president of Novation Consulting Services, Inc, (NCSI) with an extant 2012 agreement still in force with AEGY to provide key consullting services to the firm. J. F. Burke is treasurer of Gelmon's NCSI and signs the AEGY SEC filings as John F. Burke Consulting Principal Accounting Officer . Yet, AEGY claims to SEC Barrera is sole officer. Barrera also claims to SEC that Gelmon, despite heading NSCI is not affilated in any way with AEGY.
"Mr. Gelmon resigned all positions with the Company as of early May, 2013, long before the 'cease trade order' was issued and is not now affiliated in any way with Registrant (AEGY 8-K signed by Barrera in Feb 2014)."
If Barrera "misspoke" to the SEC in two separate filings, it will not be good.
Very interesting sidebar : Gelmon is Canadian apparently. "...Canadian citizens who may have acquired shares of Registrant (AEGY) on the open market have advised the Registrant that they are now no longer able to trade Registrant’s common stock." (AEGY 8K)
http://investorshangout.com/post/view?id=1392752
Michaek Gelmon is also founder and a partner of Gelmon Brothers Real Estate Consultants which has developed and consulted on commercial real estate developments in excess of $100 million; was a founder of Proteus Currency Fund, a Cayman Island based Hedge Fund involved in the Forex marketplace utilizing Dynex Corporation trading in Monaco and Jacobsen Asset Management in London; and, as a founding-shareholder, Director, as well as Head of Acquisiti ons and Real Estate for Domino's Pizza of Canada Ltd., the Domino's Pizza Master Franchisor in Canada.
http://www.otcmarkets.com/edgar/GetFilingPdf?...ID=9182101
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