Re: AEGY. "Theres no there there." This company is

Re: AEGY. "Theres no there there." This company is laughable. AEGY hasn't reported any revenues (sales) or cost of sales for several years. AEGY is buried under an avalanche of debt. See debt below. Contrary to a popular notion, AEGY (PharmaJanes) isn't a delivery service. PJ is a just a web platform that relays a web order entry to a licensed registered MMJ collective that owns, stocks and sells the product. That's it; end of PJ's function. The collective in receipt of the e-order is responsible for fulfillment including delivery. There's a low entry bar for what PJ does, and there are plenty of competitors. PJ is so important in the grand scheme of the mmj business, it reports zero revenue. lol If there is some cash kicked back by the collectives, it's not being reported as revenue. Meantime, Mayor and Barrera fronting for Jan, Burke, Naveda, Hipple and Gelmon pulled the merger rabbit out of the hat again. Whenever the public wises up to them, they cast the merger bait. However, this time they got caught up in their own net. Now others will reel them in.

Notes

Per AEGY Q3 2014 (issued June 23, 2014): PharmaJanes acts 'solely as an expediter and processor' of orders; fulfillment is done entirely by collectives or other medical marijuana providers.

AEGY acquired PharmaJanes from IEquity Corp. (CEO Henry Jan, VP Olivia Naveda, Sec. Robert Hipple) on May 30, 2013 "in exchange for our promissory note payable to iEquity Corp. in the amount of $30,000, due in three years at 8 percent interest and convertible after six months at the election of the Holder at 50 percent of the closing market price of our common stock at the date of closing, May 31, 2013, or a conversion price of $0.00105."

CF Consulting, LLC (Hipple)
Indian River Financial Services, LLC (Hipple)
Novation Holdings (Gelmon, Choo, Burke)

AEGY Debt AEGY Q3 2014 (issued June 23, 2014)


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