Alternative Energy Partners Inc (AEGY)

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Form S-1 registration statements provide issuers with flexibility in going public transactions. A registration statement on Form S-1 can be used to register specific securities for a company to sell to investors and specific shares for the company’s shareholders to resell publicly. Form S-1 can be used to register both simultaneously. Form S-1 registration statements can be used for a Direct Public Offering (“DPO”) or Initial Public Offering (“IPO”) and can be structured a variety of way depending upon the particular transaction.

Using Form S-1, the issuer or its shareholders are able to sell unrestricted securities and if structured properly, qualify for a ticker symbol assignment by the Financial Industry Regulatory Authority (“FINRA”)

A registration statement on Form 10 registers a class of securities such as common stock under Section 12(b) or (g) of the Securities Exchange Act of 1934. A Form 10 does not allow a company or its shareholders to sell unrestricted securities.

Typically, the SEC renders comments to registration statements on Form S-1 within 30 days after filing. Upon satisfaction of all comments, the SEC will declare the registration statement effective. Once the S-1 is effective, the company is subject to the SEC’s reporting requirements and is obligated to file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

A Form 10 registration statement becomes effective automatically 60 days after filing, regardless of whether there are outstanding SEC comments.

Once the Form 10 is declared effective, the Company is subject to the SEC’s reporting requirements and must file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. In addition, the company must comply with the SEC’s proxy rules.