InvestorsHub Logo
Followers 743
Posts 76544
Boards Moderated 0
Alias Born 01/01/2012

Re: Jas post# 145191

Friday, 11/28/2014 9:32:08 AM

Friday, November 28, 2014 9:32:08 AM

Post# of 146837
Let's take a closer look at your post and the SKTO/AEGY merger/acquisition.

In a November 21, Haltain press release we find:

The BC1011704 and BC1011709 shares will be distributed to Haltain shareholders first, expected to be in the week of November 24, 2014, with Haltain holding the BC1011705 and BC1011707 shares on behalf of Haltain shareholders until a later announced date.

Keep in mind that Haltain is a unlisted shell.

What we find from the Haltain filings is the following:

Should the Proposed ALTERNATIVE Acquisition be completed as currently contemplated, it is anticipated that the Haltain Shareholders will benefit as a result of their 100% interest in 707.

I haven't seen SKTO/AEGY shareholders mentioned in any of the Haltain documents.

All I have seen is that this is a asset sale to Haltain - where SKTO/AEGY shareholders wouldn't benefit.

In the latest Haltain financial statement they have $5,476 in cash and didn't generate any revenue. So the big question is where is the $120,000 coming from for 704, 705, 707 and 709?

You wrote:

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.

Nothing has been completed - there hasn't been a transfer of any cash.

The SEC has launched a formal investigation against AEGY - so there might be a asset sale but as merger just isn't going to happen.

IG

It's easier to fool people than to convince them that they have been fooled