Alternative Energy Partners Inc (AEGY)

[TenKay]

If a company says they are buying the "assets" of a company...that does not mean they are buying the common stock or acquiring the company. The stock is equity...or in the case of AEGY NEGATIVE equity. It is not an asset of the company. How this would normally work is that the assets would be sold and the resulting consideration becomes the new "asset" of the "selling" company. There is no merger or acquisition of the company. It continues.

From Haltain's disclosure it appears that if they come to agreement to purchase AEGY's assets, AEGY will receive stock in the Haltain subsidiary set up to negotiate the agreement and house the acquired assets. There is nothing I am aware of that states how much stock, so it could really be anything. And since AEGY is controlled by iEquity...they can negotiate any deal they want. They don't need a shareholder vote.

The only Asset that AEGY had on its books before it de-registered was cash. So it is not clear what it would be "selling" beyond that.

However, AEGY as a ticker would remain and its new "asset" would be the Haltain subsidiary stock. However, it would retain all of the liabilities and since it had a stockholder deficit there is essentially no value at all in the company...and no longer any cash.

From my vantage point it sure looks like a typical failed penny stock asset strip. Although, beyond the reported cash, I am not sure what there is of value. Whatever was in the company that had any value is taken out of the company...and the common shareholders are left with nothing.