SK3 Group Inc. (SKTO)

[I-Glow]

Horrible News for AEGY/SKTO Shareholders Concerning Merger!

If you read the Management Information Circular - you will find the following:

ALTERNATIVE is a private company incorporated under the BCBCA and is involved in providing support services for medical marijuana.

Haltain has entered into a letter of intent with ALTERNATIVE ENERGY PARTNERS, INC. whereby, subject to completion of the Arrangement, 707 will negotiate a definitive agreement with ALTERNATIVE for the Proposed ALTERNATIVE Acquisition. Should the Arrangement be completed, the Proposed ALTERNATIVE Acquisition will be subject to the execution by 707 of the definitive agreement. The terms and conditions of the definitive agreement have not been finalized and it is anticipated that the Proposed ALTERNATIVE Acquisition will be subject to standard closing conditions, including requisite corporate and regulatory approvals, financing and due diligence.

So, it seems that AEGY has incorporated as a private company under the BCBCA.

For edification BCBCA is (British Columbia Business Corporations Act).

Then we have the following:



Keep in mind that AEGY is referred to as 707 in the Haltain documents as there is 4 acquisitions: 704, 705, 707 and 709.

We can also find:

Limited Operating History

As a wholly-owned subsidiary of Haltain, incorporated for the purpose of the Arrangement, 707 has a very limited history of operations and must be considered a start-up.


Negative Cash Flow

707 has no history of earnings or cash flow from operations. 707 does not expect to generate material revenue or to achieve self-sustaining operations for several years, if at all.


Name, Address and Incorporation

707 was incorporated as "1011707 B.C. LTD." pursuant to the Act on August 24, 2014 for the purposes of the Arrangement. 707 is currently a private company and a wholly-owned subsidiary of Haltain, with its head office located at 34650 Baldwin Road, Abbotsford, BC, V2S 7H9 and its registered and records office is located at 5728 East Boulevard, Vancouver, British Columbia, V6M 4M4.

There is absolutely nothing mentioned in the documents about AEGY shareholders.

It seems Hipple and company have pulled a fast one and screwed over shareholders one more time.

IG