Alternative Energy Partners Inc (AEGY)

[cindylouwho]

It's not as complicated as it first appears. According to the amended letter of intent filed with the AEGY 8-K, Haltain was to obtain shareholder and court approval to spin off a subsidiary. This subsidiary (referred to as BC1011707 in the Haltain documents) was to become a reporting issuer in the provinces of British Columbia and Alberta. These steps have apparently now been completed. I believe iGlow has stated that this new subsidiary has "no assets", but he missed some key points. As part of the deal, Haltain has transferred $31,000.00 and has assigned it's interest in the amended letter of intent with AEGY to the new subsidiary. Haltain shareholders received shares in the new subsidiary as a dividend. The next step will be a definitive agreement. It looks like the Dream Team is on a roll!