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I am not asking for any revealed names of clients. i am asking for companies who are successful with zero employees. Since there are many out there supposedly, it should be relatively easy to name a few. Point is, they do not show any payments to any individuals, whether employees or contractors in their filings.
And also, we are talking about a publicly traded company whom has claimed $5mm dollars in contracts, with a majority shareholder with $150mm in financing. There seems to be no reason for AEGY operations to be in grave danger, whenever they have no employees to pay, and, as it has been stated, do not have to worry about tax purposes for these individuals.
They have no payments to subcontractors in their filings. How are the paying these individuals? It has to be in the 10K, for tax purposes. They cannot hide who is employed or being paid by the company to perform services. It would show in the filings.
Please name a successful company who has zero employees? I do not think this is an accurate statement. How are they being paid? How are their consultants paid? Through the creation of shares, correct? And it is funny that the A/S has been increased 3 times in the last 3 months, to help make room for more dilution to take place. I would love to see some successful companies with no employees. TIA
A consultant (from Latin: consultare "to discuss") is a professional who provides professional or expert advice[1] in a particular area such as security (electronic or physical), management, accountancy, law, human resources, marketing (and public relations), finance, engineering, or any of many other specialized fields.
How is this possible when their main shareholder, whose sole purpose is to provide financing to their MMJ companies, allows this to happen?
This statement:
And more
Note 6 Derivative Liabilities
The Company has various convertible instruments outstanding more fully described in Note 8. Due to an
amendment effective on May 9, 2013 increasing the authorized number of common shares to 2.5 billion, the
Company has determined that it will have sufficient authorized common shares at a given date to settle any other of
its share-settleable instruments.
As a result of conversion of notes payable described in Note 5, the Company reclassified $410,037 of derivative
liabilities to equity and the change in fair value of derivatives was $2,182,805.
As of July 31, 2013, the fair value of the Company ’ s derivative liabilities was $2,643,904 and $2,205,740 was
recognized as a gain on derivatives due to change in fair value of the liability during the year ended July 31, 2013.
The following table summarizes the derivative liabilities included in the consolidated balance sheet:
The following table summarizes the derivative gain or loss recorded as a result of the derivative liabilities above:
The fair values of derivative instruments were estimated using the Binomial pricing model based on the following
weighted-average assumptions:
F-11
Fair Value
Measurements
Using Significant
Unobservable
Inputs (Level 3)
Derivative Liabilities:
Balance at July 31, 2013 $ 2,643,904
ASC 815-15 additions 66,906
Change in fair value (280,101)
ASC 815-15 deletions (642,925)
Balance at July 31, 2013 $ 1,787,784
Included in Other Income
(Expense) on Consolidated
Statement of Operations
Gain/(Loss) on Derivative Liability:
Change in fair value of derivatives $ 280,101
Gain on discount 115,332
Derivative expense (16,906)
Balance for year ended July 31, 2013 $ (378,527)
Convertible Debt
Instruments
Risk-free rate 0.21% - 0.25%
Expected volatility 100% - 700%
Expected life 9 month
Also, all of the notes due to be converted very shortly?
Did anyone happen to catch this line in the last 10K filing?
18 million dollars that quick is astonishing. I have never seen a company who within their first week had 18 million dollars.
http://www.medicalgreens.com/docs/pdfs/SK3-Group-Financial-Statements-6-30-2013.pdf
And according to this filing, they only had 100,000 in contracts? Where did the other 17.9 million dollars come from?
These are important questions we all should be asking and want to know the answer to. Why can't they be answered is a great place to start.
Yes, as i am on my phone, copying and pasting is a nightmare, lol, but go to the California SOS and search by entity. It will not come up with any results. You can only find them in the Florida SOS. However, in a weird twist, medical greens is registered, but not current in California. I'm not certain what that means at this time, but it will not lead to anything good. They have the option to merge via reverse merger, but that only buys more time and allows for more creation of shares to dump. It will be very interesting on how it plays out.
To be honest, it seems like a futile endeavor. If the filings and registrations cannot match what they are saying, it speaks volumes to the validity of claims being made within the company. You cannot have zero employees and operate a successful business. Even management is not considered employees. How do they get paid? Exactly. Increasing of shares to facilitate monies from the difference of .001 to current pps. They are raking in money, without the responsibility of being employees to the company.
They must register with the California SOS. I just received my bachelors in accounting. I asked my professor as well as the main accountant at my work place. They must pay taxes in the state they are selling in. To do this, you must be registered with the sos with the states you are operating in. Take a look at some companies. You will see them filed and registered in many states, with the SOS, as you must pay sales tax within the states you are selling products.
The problem lies with filings stating different things then what the pr's state. There has been no filing for the cusip/ticker change and there has been no filing for the dividend. They are the ones who stated these would happen months and months ago. Why have they not came to fruition? Have they renewed their registration of the trademark rights? Are they current with the California SOS? Why does are all their filings state they have no employees, but are able to maintain a business that is operational and functional in a versatile market?these are questions investors think about before they send away their money to a company whose address falls into a po box at a UPS store in Pasadena. You would think iequity and their 150 million dollars in financing would be able to provide them with a brick and mortar address as well as funding an operating phone line for them to use. So many questions asked, very little answered.
Actually 301 yamato is a virtual office address many companies, legit or scam, operate through. This is not a building owned by AEGY or any other company located in that building, other than whoever is the leaser of the meeting rooms and conference areas.
A question one might ask is they are operating in California, performing sales in California, but have not registered with the California SOS. there business entity is in Florida and are registered and actively filing with the Florida SOS. How are they selling products in California without registering and filing taxes within California? Where are they at in California to facilitate these payments/transactions?
I agree with you penny, i would love for them to fix this easily correctable items on the checklist not asked for by investors, but promised and promoted by management. There are so many things that could be done to increase investor confidence as well as putting the company on the map for the mmj community. This really is not much to ask for, to deliver on and carry out.
AEGY they definitely seem like they would! GLTU!
Look at the address on the filings. Why are they filing to that address?
The address they have filed is 305 Yamato Rd. It is right there on the filings I posted. Can you post the link that shows 301 Yamato Rd? TIA
How is it going EB!? Did you see those increases in A/S? I am sure you did, but why do this for three consecutive months if they were not dumping?
Zun, I hope you do get that car! That would be sick!
No problem at all. A lot of people think this is not important, and it is. They have increased every month for 3 months. The PPS should be higher than the current PPS with the release of news, but it is not. These shares seem to be being dumped onto the open market, which investors think they are getting in cheap and they are not. A launch of this website should of sent it skyrocketing, but it didn't. They have many PR's left to choose from to dump more shares out. They can expand slowly, to different zip codes, and slowly push these shares out. As long as they keep increasing the A/S and not knowing what the O/S is, we can only assume that these shares are being dumped. It is really sad, as I think this is an awesome idea, but I am pretty sure it is illegal, at this point in the game. I think it will be legal at some point, but right now the laws do not allow for this type of transaction and sale to take place.
This is where there filings lead us to believe their base of operations is out of! That is the signifigance of it!
Look at the GIANT A IN THE STREET! CLICK ON IT!
They are operating out of an intersection, LOL? This is absolutely incredible. Please, please, please, someone explain this to me!
https://maps.google.com/maps?oe=UTF-8&hl=en&client=safari&ie=UTF-8&layer=c&z=17&iwloc=A&sll=26.394658,-80.085947&cbp=13,280.0,0,0,0&cbll=26.394640,-80.085834&q=305+Yamato+Rd+Boca+Raton+FL&ei=pRENU67LJOm2yAHixoCwDQ&ved=0CCgQxB0wAA
here is 305 Yamato Dr Boca Raton FL. You will not believe what you see, LMAO! This is a real link, I swear!
A private dispensary? COME ON! They have 7-10 dispensaries on there domains, all with the same address. Please explain the reasons for anyone to believe this is a real company!
I agree. But what are they going to do with these shares if not dump them? Why raise it 3 times over the course of 3 months? This seems to be major dumping taking place. Look at the times they amended these documents to the times there were news. November 5th, the conference call. Same day they increase the share amount. One week after they increase their shares to 5,000,000,000, they do news about site launch. Why in the world would the PPS remain the same, and lower now, if these shares were not being dumped on the GP?
I see the address on there. But how are they operating in California, supposedly in Pasadena, when they are located in Florida? Also, the address listed is not even a real address. Try and look it up. Nothing comes up for 305 Yamato Rd Boca Raton FL. I have attempted to look, but to no avail.
I see the address on there. But how are they operating in California, supposedly in Pasadena, when they are located in Florida? Also, the address listed is not even a real address. Try and look it up. Nothing comes up for 305 Yamato Rd Boca Raton FL. I have attempted to look, but to no avail.
With every amendment, the amount of shares is increasing, and no one seems to be worried about it. They are constantly creating shares through paper and dumping them onto the market, the investors who have faith in the company, and it is getting ridiculous. They are creating shares, which seems to be the norm for pump and dump companies.
You can see over the course of the last 3 months, they have increased the A/S to 5,000,000,000, a 50% increase from the November 15th filing. And they say they are not dumping newly printed shares on the market. This is why this stock is at the price it is!
Certainly good sir!
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2014%5C0130%5C55869340.Tif&documentNumber=P08000042648
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2013%5C1120%5C53554489.Tif&documentNumber=P08000042648
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2013%5C1113%5C53135352.Tif&documentNumber=P08000042648
As you can see, their last 3 filings have Hipple's information to send correspondence to, the latest being January. Check the date stamps in the top right corner for each fax. They have had 3 separate chances to remove his name over the course of 3 months, but have not. Here is that information though.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p08000042648-e38362db-f306-4aea-9ba6-09f7777c2a61/alternative%20energy%20partners/Page1
Certainly good sir!
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2014%5C0130%5C55869340.Tif&documentNumber=P08000042648
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2013%5C1120%5C53554489.Tif&documentNumber=P08000042648
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2013%5C1113%5C53135352.Tif&documentNumber=P08000042648
As you can see, their last 3 filings have Hipple's information to send correspondence to, the latest being January. Check the date stamps in the top right corner for each fax. They have had 3 separate chances to remove his name over the course of 3 months, but have not. Here is that information though.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p08000042648-e38362db-f306-4aea-9ba6-09f7777c2a61/alternative%20energy%20partners/Page1
How so? I am not buying any stock from this company. I am not buying any competitive company stocks either! Does it seem right to you that all of the collectives (7-10, not pulling it up, lol) they have listed have the exact same address? Does that seem like a plausible scenario?
I have already found out. I found out when they were too lazy to even change the address for all of the collectives registered under Ms(Mrs.) Noveida. What a freaking joke of a scam!