1) Mayor and Barrera have played you like a fiddle
Post# of 36728
The June 20 letter (q.v.) lays out the cross-border merger scheme with AEGY (not SKTO). Their August 8 letter (q.v.) refers to the "previously announced merger," i.e., the M&A scheme with AEGY. It's as simple as that.
Please read what the letters say, not what you want them to say.
2) Every company (e.g., AEGY and SKTO) suspended with questions by the SEC comes under the cloud of SEC litigation. Why do you think SEC puts the word "litigation" in the URL linking to their complete list of stocks suspended since 1995?
www.sec.gov/litigation/suspensions.shtml
3) Read an SEC attorney's article on this subject:
http://investorshangout.com/post/view?id=1580431
"Category 2 (Pertaining to SEC-Filers and Non SEC-Filers)
The second category consists of issuers suspected of securities fraud. The SEC may follow the suspension with a further investigation that can result in a civil lawsuit down the road. Additionally, these types of trading suspensions are often followed by criminal charges."
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June 20, 2014 letter
LOS ANGELES, CA--(Marketwired - Jun 20, 2014) - SK3 Group (OTC Pink: SKTO) (PINKSHEETS: SKTO) makes the following statement: ...
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 Exchang e, 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.
August 8, 2014 letter
Letter to Shareholders Update
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.