Alternative Energy Partners Inc (AEGY)

[1manband]

So what? The Company has done the same thing with their other "acquisitions" but never closed any. That "court approval" was to spin-off 3 subsidiaries, each of which has no assets - just LOI's! Another shell game.

And even if they complete the asset swap, there is little chance that current AEGY shareholders will get anything, as the debt holders and creditors get first call on the stock.