08/09/14 Dear Shareholders:
We are pleased to update shareholders in SK3 Group (“SKTO”) and Alternative Energy Partners (“AEGY”) (collectively, the “Companies”) about the impending and previously announced merger.
It has been some six weeks since we issued our last announcement about our merger plans. In that prior announcement, we had estimated that the merger process would take six weeks. While our time estimate was more generous than things proved to be in their implementation, the merger continues to move forward, albeit slower than expected. We are still working diligently to finalize the definitive long form agreement in order to complete the merger and acquisition with a company listed on an exchange in Canada, and we are nearly finished with it. The negotiation and completion of this transaction has been complex and has taken longer than originally anticipated. We expect to release further details on the merger shortly.
We continue to believe that completion of this transaction will be beneficial to the long-term growth of the company and will permit the company to operate in a more favorable regulatory climate. We ask that shareholders have patience as we move into this exciting new phase of our business.
As previously stated, 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 receive shares of the new entity) will be provided later.
In the meanwhile, the Companies have been actively engaged in their respective businesses and growing them, and if you live in a covered area in California and are otherwise qualified to receive medical cannabis we welcome your delivery order on www.pharmajanes.com.
We continue to appreciate the communications that we have received from loyal shareholders who have expressed their continued support during this difficult transitional period. We want to thank our shareholders and customers once again for continuing to support the Companies and our business model. We look forward to exciting days and times ahead as we continue to serve the growing population of medical cannabis patients in California, and eventually across the United States and abroad.
Thank you for your continued support of the Companies and watch for our further update soon.
Sincerely,
Mario Barrera
President
Alternative Energy Partners, Inc.
Artemus Mayor
President
SK3 Group, Inc.
We are pleased to update shareholders in SK3 Group (“SKTO”) and Alternative Energy Partners (“AEGY”) (collectively, the “Companies”) about the impending and previously announced merger.
It has been some six weeks since we issued our last announcement about our merger plans. In that prior announcement, we had estimated that the merger process would take six weeks. While our time estimate was more generous than things proved to be in their implementation, the merger continues to move forward, albeit slower than expected. We are still working diligently to finalize the definitive long form agreement in order to complete the merger and acquisition with a company listed on an exchange in Canada, and we are nearly finished with it. The negotiation and completion of this transaction has been complex and has taken longer than originally anticipated. We expect to release further details on the merger shortly.
We continue to believe that completion of this transaction will be beneficial to the long-term growth of the company and will permit the company to operate in a more favorable regulatory climate. We ask that shareholders have patience as we move into this exciting new phase of our business.
As previously stated, 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 receive shares of the new entity) will be provided later.
In the meanwhile, the Companies have been actively engaged in their respective businesses and growing them, and if you live in a covered area in California and are otherwise qualified to receive medical cannabis we welcome your delivery order on www.pharmajanes.com.
We continue to appreciate the communications that we have received from loyal shareholders who have expressed their continued support during this difficult transitional period. We want to thank our shareholders and customers once again for continuing to support the Companies and our business model. We look forward to exciting days and times ahead as we continue to serve the growing population of medical cannabis patients in California, and eventually across the United States and abroad.
Thank you for your continued support of the Companies and watch for our further update soon.
Sincerely,
Mario Barrera
President
Alternative Energy Partners, Inc.
Artemus Mayor
President
SK3 Group, Inc.
