why should they have not said anything? The release came out in Canada which is the market they run and got picked up here too but so what. the coompany said they tried to get in touch and the ASC called them out on the lie. the comapny has yet to say anything at all but likely worried about saying anything elese in case they get caught again bs'ing in a pr. The ASC probably put it out because they were getting hassled by Canadian investors who wanted answers so they answered. It makes us look bad when management is caught lying. I agree the ASC did not accuse them of fraud that is a leap some make which is not fair but the company should answer to that.

AT least you can buy and sell. My buddy is stuck and can't do a thing.

flashdofu you are right. My buddy who is Canadian has been hounding them for answers and in a nutshell without all the technical jargon he receivedi in his reply was this.
Canada adopted new rules in 2012 to cut down on fraud. A lot of stocks even trading on the OTC have Canadian connections. The infohe got back was a few highlighted ones. PBIC was at over a buck on the OTC. Company denied everything but the guy running PBIC just pleased guiltry to fraud in front of the SEC but it was the Canadian regulators who investigated and shut it down and the ASSC halted it and it crashed and burned. It was in Arizona but heavily pumped by a Canadian proomoter company. Another one was Cougar Oil which was based in Canada and used the same company to pump its billion barrels of oil pump job and the same pump and dump company also issued the same pump info for CNTO. So what the Canadians did to stop this in the Canadian markets was to bring in a new rule that said any company with directors in Canada or an office in Canada or a pump and dump promotor in Canada will be called a reporting issuer and they have to report the company audited financials to them. Because Gelmon was Canadian his company AEGY had to report in Canada and it stays in effect for one year to stop them from switching directors and avoiding the law by stopping a director and switching him. CNTO was flying high over three bucks on the OTC when ASSC halted it and it is around .25 or something once the SEC allowed it to trade but the ASSC has it halted. Gelmon has a big list under his name all now halted like AEGY NOHO FGLD Solar. One of the directors of NOHO is also a director of SKTO.So the Canadian securities commission is cutting down ont he pump and dump schemes and the SEC someitimes is coming in after the Canadians have done this to halt them later. My buddy is still waiting for an answer about AEGY and whether he will be able to buy shares in the new merged company or not. The SEC let PBIC trade for two years after the Canadian securities commission halted it for fraud.

JS and Gitahne, both of you are obviously attempting to prove the other wrong. Here is a suggestion and a challenege.

Contact the agency responsible for overseeing this. Ask the question and then post the reply from those in charge! That way the experts can give the answer instead of these opinions flying back and forth.

When the cease trade order first came out I was not aware of it but my trading nut buddy was and he is like a fly on crap when it comes to info. He called right away because he is in Canada and is stuck with the stock. The explanation given to him was Gelmon was the president of the company in alberta which made the company bound to report their finances to Canadian authorities for a period of one year becuse the office for the company was in alberta. According to the alberta regulator the company did not respond to inquiries made by them to AEGY and in January of this year they cease traded the company. I went back to a link my buddy gave me and found the following companies all were cease traded by alberta on pretty much the same date. Then I dug furhter and found one sort of interesting tidbit. Here are the OTCQB stocks cease traded in Canada on the same date we were.
BNYN GPTC CNTO FGLD SNRY (SNRY someone said had Hipple and MJ company) NOHO (found on the SKTO site Michael Choo as a director with SKTO and also with Novation Holdings which is NOHO).

Gelmon seems to be the connection to some of these and from what I was told he lives in Calgary.

Stockguy, I own shares in this, not a lot but some. the links are easy to find and easier to find than facts on this board. Here is the bottom line on the cease trade order - a brief of it as it has been posted dozens of times here.
the alberta securities regulators cease traded the stock which means it cannot be traded anywhere in Canada. the company did have ties to that country at one time so it made them a reporting issuer (that is the term they use in Canada for a listed publicly traded company) which means they have to file annual audited financial statements. the company was asked to file them and they did not reply. the regulator then issued a cease trade order in January of this year. The company then replyied via the 8k SEC filing they had attempted to speak to the alberta regulator about this and were working to have the cease trade order removed. After see that notice the alberta regulator issued a press release stating they attempted to deliver docuements by courier to the address on the SEC and OTC information forms filed by the company but it came back undeliverable. Emails listed on the same forms were not good and phone calls made to the comapny by alberta were not returned. It can all be found on line with an easy search. here are some easy search terms for you

alberta securities commission cease trades alternative energy partners

alberta securities commission issues statement on February 28, 2014 in response to Alternative Energy Partners

i looked up the alberta securities commission on line and found the phone numbers 1-877-355-4488, the address, the emails and the company knows they were cease traded because they mentioned it in the 8k filing yet somehow cannot get in touch with them? Someone else posted the phone number here yesterday and a name but way too many posts to dig through to find it. My buddy did contact them at the above number and got a call back within an hour of calling so do your own dd and call the toll free number. Ask them for an explanation rather than read it here.

The first indication you are under investigation by the SEC will be when they issue a Halt on trading. Unless the company is informed and they come out and state it you will never know. anyone here who claims to know there is an investigation is speculating, as much as those who say there will never be an investigation of the company. Facts are the first victim of any message board.

There are three tiers on the OTC listing...QX which must be applied for to get a listing and they must issue auditied financials according to IFRS standards, QB which are not require to file audited financials, and the Pinks who basicaly have not disclosure requirments other than what they may want to disclose and even then they are questionable.

OTCQB stocks are not required to file auditied financial statements. Firms trading on the OTCQX are required to file audited financial statements. It is that simple. Many firms when faced with a choice of deciding to list on the big boards or the QX now choose the QX because the fees for doing so are not as expensive. It is not about AEGY website or how much they are selling, it is about the simple fact, which often is in short supply on this message board, both pro and con, QB companies do not have to issue audited financials.

Here is a seldom used way of using Level II to help determine direcdtion.

1- Look below the inside bid price. If you see orders stacking up in fairly significant numbers (each price is colour banded then just look at the thickness of each colour) below the best bid, indications are the price is going lower. What these orders are, at least in my 20 some odd years of trading the Nasdaq for example, is where short interest players have decided to cover. So the more levels you see building below the bid can give a clue as to where the price is headed.

2- Look above the inside ask. If you see orders stacking upin fairly significant numbers, same way of looking as above, then you have sellers who are unwilling to see at the inside ask and have determined they will sell as the price creeps higher.

hey boomerboy you must be psfftttboy cause yo never answer. thought so

Boombaby, how did your lawsuit go Did you ever file it against Alberta. Have they answered you yet? Give us he details. This could start a chain of actions if you are successful. Let us know okay. Thankks.

Vinny that is my point. The too the moon dreamers or the world is going to end pessimists are only speculating. No one here knows the SEC is going to suspend this stock and anyone can make a lucky guess. My grandfather used to tell me a stopped clock is right twice a day. No one here knows if this stock is going aobve a penny. Maybe if they post enough, use big letters enough and yell enough dreams do become real. Maybe that is the reason for the title beind the gospel song, Go Shout It On The Mountain. Maybe someone will believe. I want this to boom as much as the next guy but I am not goint to dump it or pump it to get my wish. Facts are an easier meal to digest. That is all I am saying. Check every supposed fact to make sure it is a fact.

Hey Boom thanks for posting. This message board is so popular I couldn't find your post. Did you end up delivering the lawsuit to the Alberta regulator. You did post you were going to do that. How did it go?

Do I get severance?

Fire your broker.

If you talked to your broker you must have great writing skills jotting down the website url lol. Not a basher. I just don't post bs. If you don't like facts go read the comics. Sometimes the facts are not on your side. You are wrong, plain and simple. go to the website yourself and type in the name and you will see it. Also, today is the 5th, yesterday was the fourth. Why didn't you trade it today or yesterday? Get a grip man, get a grip. If you need help doing it let me know. I am sure someone here who is a pumper could help you find it lol.

You do realise your post comes one day it was supposedly taken care of. Your broker should be fired. Go and check the site yourself and type in Alternative Energy Partners. The ban is still in place. Your brokers brain must be like that mayor you have on crack.

Sorry to break your heart. I went to that site earlier and did exactly what you did. Try typing in the name of the company instead of our trading symbol. The trading ban is still there.

Digger, look away from the inside Bid and Ask. How big are the bid as you go lower price? Are those levels getting thicker at those lower levels? In other words are the number of bidders at the lower levels increasing or decreasing. Then look at the Asks and see if the levels higher than the current ask is getting bigger or smaller. a glance at L2 will show you by simply looking at each coloured level price and determine if they are increasing or decreasing. Experience as a Nas trader for twenty years taught me if the lower priced levels are getting thicker, the price is going to drop.

The only issue I find among tons of good news is the company making the statement they tried to contact Alberta and Alberta saying they did not. How hard is it to contact a government agency? www.albertasecurities.com If the SEC looks into that that might be the only thing. The only other thing was told me that financial numbers put out and filed with th eSEC are not audited. I called the OTC and they told me the same thing that oly the top OTC stocks use auditied financials so relying on numbers is pure spec.surely the company can say who they tried to contact and when and offer proof they did try to get in touch with them. The press releases they put out have phone numbers on themand namest to contact. Because its in Canada it only stops Canadians so maybe they dont care as how many Canadians can be buying this? I only seen a couple of Cnadians saying they cant buy it or sell it.

I am not saying this is a stumbling block about the merger but information some here may not know.
A Canadian regulator ceased traded AEGY for failing to file some documents or whatever they require which means no Canadian s can buy or sell the stock right now. No biggie for Americans so no big deal but AEGY issued a 8k stating they tried to get in touch with the Alberta regulator to have it removed but never received a reply from them. Last Friday the Alberta issued a statement saying that they attempted to reach AEGY by using the contact information on SEC and OTC files. Emails bounced back, courier packages were sent back as undeliverabel and other messages were not returned. That may cause the SEC or OTC to look at that statement. My buddy contacted the Alberta people and they confirmed the company has never attempted to reach them. Sounds odd because they are a government body and I am sure AEGY could easily find the email, phones and address for them. I found out. www.albertasecurities.com is the address so how hard could it be. The guy also told my buddy why the cease order was placed in the first place. Being a research nut my buddy dug through some files on the website and found out other OTC comps had been halted by the ASC like CNTO PBIC, AEGY and lots of others too. I guess what it might mean is anyboys guess and if the SEC wants to get fussy they could ask for an explanation or proof for the statement which the Alberta regulator denied as being true. I hope that does not happen as it could cause a stir for a bit. The DC move yesterday was awesome.

Reminds me of House of Cards. Just means the politicians can get caught now and just pay a small fine. Party time in DC.

Is this the same Mr. Benz of AEGY? This is on the SKTO board. If the same guy he is involved in both companies. Quite the resume he has. It must be a different guy and just coincidence because AEGY is not listed on his profile on the SKTO ihub page. Does anybody have an email for him or emails to contact him. Would like to ask him if he is the same guy. Thanks.


Jeffrey Benz, M.B.A., J.D.,General Counsel and Executive Vice President of Business, Legal, and Government Affairs, has broad experience as a senior executive, lawyer, and entrepreneur in entertainment, sports, licensing, intellectual property, and technology. Jeff is Fox Sports TV legal analyst and has been a trusted advisor to a variety of companies, both private and public. He has advised a number of high-profile executives. Among other things, Mr. Benz was the General Counsel and head of business and government affairs for the United States Olympic Committee (USOC), AVP Pro Beach Volleyball Tour, and a variety of private companies in sports, entertainment (television, film, and online), and technology (mobile phone applications, computer software and hardware, and medical devices), and has lead high profile legal and operational functions in a wide array of industries, including internationally. Jeff's extraordinary experience and background, and his legal leadership skills, uniquely fit our current needs and will lead SKTO into lucrative new markets. Mr. Benz received B.A. and M.B.A. degrees from the University of Michigan and Juris Doctor degree from the University of Texas. Mr. Benz is an also accomplished arbitrator and mediator, and has served as a private judge in, among other things, disputes over athlete-doping issues in sports, having led the function of anti-doping at the USOC when he was there.

The problem with that is you cannot get the hype going. You have to rely on pure performance numbers so it is easier for those behind penny stock manipulations to pump the promise and short the reality. It doesn't matter how those running schemes make money. Much easier to pick the pockets of penny stock players than to wait and build a business. If you look behind the screen you might find a certain individual is behind a number of penny stock plays, many of which promise the world of riches.

they can short them. You are so far outside the inside bid/ask the chances of getting a fill are remote so there is no risk shorting them. Exchanges used to use a blind book which became viewable as the blind book price neared the actaul price.

one question. If the ASC has no authority here how come since the stop trade order was put out, the price has fallen. How come since the pr from Friday has the price fallen if they are in Canada and it doesn't matter. From what I get Canadians can't buy or sell the stock. If that is the case why are Americans and others I guess panicing and selling if the ASC means nothing?

No bs about weak hands, long and strong, all the usual phrases that can befound on any board. A logical explanation. My buddy is putting together a list of other stocks like this where Canadian regulators put a stop trade on the stocks tanked. Some of them were oil comps, some gas comps, some green energy comps. Anyone remember Pacific Blue Energy? I don't but my friend got burned on it and he sent me the info today. Once ASC stopped it it fell from dollars to pennies which means they might have some clout here. Just saying. Another one is Centor Energy which the ASc stopped trading on as well so not just our mj stock. Does anyone know if ASC is tight with the SEC here? Seems like it.

only companies that are called reporting issuers in Alberta. AT one time there was a link and tho the link is no longer there it still applies. The company has not bthered according to the guy I talked to has not even attempted to explain it to the ASC so the order is still in place. I was told they can ask the cease trade order be remvoed but they have to first contact the ASC and give some reasons but they have not done it. Has nothing to do with the rest of the companies on the OTCQB just those with an Alberta connection. I was told the former head of head did have links to Alberta making them responsible for reporting to the ASC. If you want more ifo. Call them.

877-355-4488.

I called Alberta this moring and spoke with a guy named Don. You can call him and is encouraging people to call so he can explain the situation. I asked him some questions so here is his repsonses and you can figure out the questoins.

The ASC cease trade/purchase order is only in force in the Canadian province of Alberta. If residents of other Canadians cannot buy or sell that is an issue they have to take up with there broker if they live outside Alberta. The ASC has no authority to prevent the shares of AEGY to not trade in the United States. The ASC requires reporting issuers to provide audited financial statements and stocks trading on the OTCQB do not file audited financials. The company as of last Friday has not contacted or attempted to contact the Albert regulaotor about this matter. If you want to get in touch you can call him.

I asked him if the SEC because of the Albera press release could halt this and he told me that is a question you have to ask the SEC.

It takes a minute to load for some reason but I just looked at ti and it is fine.

http://www.finra.org/investors/protectyourself/investoralerts/fraudsandscams/p325352

A couple asked me about the American agency warning accusing me of BS again. Here it is. For what its worth.


http://www.finra.org/investors/protectyourself/investoralerts/fraudsandscams/p325352

If shorst are selling before the March 14th cutoff why is that important. I thought they would start buying before the March 14th cutoff to cover their short positions. Wouldn't they be afraid of a short squeeze if they know the deadline is looming and begin to cover now instead of later? When is the short squeeze going to begin or are the shorts going to continue to sell? Can you explain why you meant about shorts selling before the deadline. If the cutoff is the 14th when will they begin to cover their shorts?

Here is a toll free number for them. Try this one.

1-877-355-4488

or emal them at inquiries@asc.ca

Here is what is in the 8 K at least what the regulator refers to.

On January 16, 2014, Registrant received a copy of a “ Cease Trade Order ” dated January 15, 2014 issued by the Alberta Securities Commission in Calgary, Canada, advising Registrant that it is a “ reporting issuer ” under the Alberta Securities Act, and that it failed to file periodic reports pursuant to Section 146 of the Act for the quarters ended April 30, 2013 and October 31, 2013, and for the fiscal year ended July 31, 2013. By letter dated January 16, 2014, Registrant advised the Alberta Securities Commission that it does not do business in Canada, has no offices located in Canada, has no officers, directors, consultants or employees in Canada, has not offered or sold any securities in Canada and is not a “ reporting issuer ” in Alberta. No response has been received from the Alberta Securities Commission.

So if the regulator says they have not received a reply who is lying? They claimed the emails and courier were returned as the addresses were not valid. So we have to find out who was lying.

That press release was issued today. I posted the link as I recieved only the message then checked the link before posting it here. The press release was issued today.

http://www.albertasecurities.com/news-and-publications/Pages/customdisp.aspx?pi=1274

I just received this from a friend and it was put out just today. Maybe that is why is is trading weird.

ASC issues statement regarding Alternative Energy Partners, Inc.
Feb 28 2014
The Alberta Securities Commission (ASC) is issuing the following statement regarding Alternative Energy Partners, Inc. in response to a number of inquiries from investors.

In a Form 8-K filed by Alternative Energy Partners, Inc. with the Securities Exchange Commission (SEC) on February 10, 2014, Alternative Energy Partners Inc. made certain statements about the ASC which, in the ASC’s view, were materially misleading.

The Form 8-K stated that Alternative Energy Partners, Inc.:
contacted the ASC by letter dated January 16, 2014, and that, “no response has been received from the Alberta Securities Commission.”
“will continue to attempt to remove the “cease trade order” imposed against it by the Alberta Securities Commission.”

To date, the ASC has not been contacted by or received any correspondence from Alternative Energy Partners, Inc. concerning the cease trade order imposed by the ASC on January 15, 2014 or for any matter since that date. The ASC has made multiple attempts to communicate with Alternative Energy Partners, Inc. regarding the cease trade order based on the contact information provided on OTCMarkets.com and their SEC filings. However, our email message and courier package were returned undelivered due to invalid addresses and our telephone message has not been returned.