I saw this advertised last night and will be on Lifetime next Saturday night.

I check-in about once a month nowadays:

Yes, been checking in at least once a month for almost 2 years now.

Still see this one is going absolutlely nowhere and unfortunately, it won't. Wised up to all of this and got out of it. Sad really. It had such potential,but the truth of the matter is: If it seems to good to be true....well. After this long and at least one R/S, no turn around, NO profit that the investors are seeing. Not much of anything really. Guess there are those that will continue to plug this puppy as long as possible, but the bottom line is........Nothing, but NOTHING is really happening with this stock!

This basically clarifies for those that haven't a clue as yet. Trading most Penny Stocks are not worth the effort any longer. Most, if not all, are DTCC ineligible. This means, it will cost more than it is or ever will be worth in most cases.

Mensa? Was? Did he stop paying his dues or did they decided he wasn't bright enough to remain a member? Why is that not listed as one of Matt's associations on Linkedin? That would be so much more impressive than Send A Scoop, IMO.

Is anybody really surprised? After the exit of Vince, Lori, & Steve the writing was on the wall, IMO. What we were all looking forward to is now history, IMO. However, this is the way it goes when all is not as it appears and we got stuck in the middle of it. There is a great article about this exact type of situation:

I was really hoping to show up and see a rally of some kind. Where are all of those wannabe investors for CBAI only if......? We seem to be staggering around without focus at this time. Or, maybe that's just me, oh wait, it IS me LOL.

I haven't been checking on AGEL for a couple of weeks, but has Edwards made any kind of public statement yet? I also see some new arrivals, welcome to the jungle folks! It is a mysterious land at AGEL these days.

It is odd for sure. If there is an unlimited number of authorized shares this would mean there is NO chance of this stock moving above its current position regardless of how many shares are bought, IMO.

What a fiasco this AGEL has turned into. Much worse than last year's inability to obtain financing thing. AGEL really took the cake with the all-time putting the screws to their investors. Guess we could still be surprised, but I just don't see it happening. Very bad karma and what goes around comes around.

I figure it is probably a new investor that hasn't a clue about a little something called due diligence. Amazing, how much this happens with new investors. That $60 bucks + transaction fee could have been better spent hiring someone to do a little DD for them, IMO. At least then, they would know why it isn't a good idea to invest with WLSI. Sometimes people jump before they look.

It as easy as pie to buy with no bid. Selling when there is no bid is a whole other story, but still possible.

Since the first of the year, it has been typical of these PS stocks that R/S to be close to 2 months before funds become available and accounts are updated.

If you ask your broker they usually will say they are waiting on a "paper transfer" as these PS (most of them) cannot be traded electronically any longer due to DTCC ineligibility.

I think this article tells the story, IMO. It is an old article, but the situation we now have with AGEL is similar. The writing seems to be on the wall, IMO. Way too quiet for anything "good" to be going on. Now, they just hope we go quietly into the night.

I really don't like thinking that Molinari and Livingston simply put there seal of approval on AGEL for a few months just to make a few bucks. That is the kicker and seems unrealistic, IMO. Those guys pulled out for a reason, but what? Steve followed suit, but why? I am just waiting for the name / symbol change to come.

Knox, some have asked who you spoke with at Gate. Could you answer this important question for us?

I can't really say either way at this time. In my opinion, we need more information, but there is no way to pry it out of them that's for sure. Our options at this moment are nil, but to wait, IMO. All we have are assumptions with no verifiable foundation to base these assumptions on. Possible litigation has no merit at this time, IMO.

There are no grounds for any action at this time. Nothing has really happened other than these resignations and appointments of new officers. There have been no statements made regarding AGEL, so far, or any entity under its control. We have no choice, but to wait and see what comes about over the next couple of months.

Things may still be cranking along, though, I doubt that seriously. Molinari is sharp and knows how to play the game so the next move is entirely his to make.

However, I will say this, I believe there are a LOT of speculators that don't like this trading platform of Gate's as it will take away from their bottom lines in the long run. They would love nothing more than to have an opportunity to jump on board a litigious matter involving investor wrong doing by Molinari and Gate Technology even IF it were a publicly traded company.

In the end it could be disastrous for Gate if handled properly. For now, there is nothing to do, but wait.

Not long ago somebody called Gate and was told they had no information about AGEL and everyone had to go through AGEL for any and all information regarding AGEL.

Why would Gate suddenly be so open about their non-relationship with AGEL? There is too much evidence to tie both together. I saved all of the PR to my computer just in case they decided to disappear from the web.

Molinari would not have put his name and monies in association with AGEL and then just walk away after so many investors jumped on-board because of his association now would he? Gate published PR's about the association too.

If it truly is over, then there needs to be a PR's regarding this matter. The investors have every right to expect and receive information. Otherwise, it would look like a pump & dump fraud laced endeavor. I am sure that Mr. Molinari wouldn't want to subject his fledgling company to such distasteful and non trustworthy information. It could be quite damaging to his reputation.

Seems like a lot of confusion being fed in from all directions now. Truth is, we don't know anything, but it isn't looking very favorable at this point I must admit.

Sure has been quiet for the past couple of weeks since Steve resigned. It was all so sudden. We went from Gate Global Impact is becoming more involved with Angels in Action and we will keep the investor updated to Steve resigns. Too strange even for a Pink Sheet.

For some reason so many of these companies like CBAI seem to think that Money TV appearances are a big deal, IMO. Maybe it is because of the fee they must pay to be on the show and, of course, the exposure to new investors. Newer investors will gobble up the stuff that is spewed by the CEO's.

Over the past year, I haven't seen any of the companies that have appeared on Money TV form any type of solid foundation for tangible growth. Most have already tanked or just stayed in place like CBAI. It seems that Money TV is a routine part of all pump and dump plays, IMO.

I have been trying to figure out the Blackhawk thing too. Blackhawk Fund hasn't been part of AGEL in ages. However, an interesting side note is that Blackhawk Fund is going to do an R/S of 1:5000 effective tomorrow (7/1/11).

These web based businesses have very swanky addresses sometimes. It's called a virtual business address. All sorts of huge buildings offer this service to home based businesses for a monthly fee that is much less than actual office space rental. I have seen some for as little as $50 per month. They give you an address, collect mail and forward it to you.

Virtual business solutions is a good search term for this type of thing. Here is an example of what you can get:

http://www.regus.com/zsys/ncms/en-us/landing/searchengine/default-virtualoffice.aspx?keyword=Business%20Addresses&location=&pivcode=SEM-Business20Addresses&se=Google&gclid=CMiH1ZHT26kCFRQg2godHUNNXw

This is from the 8K dated March 23, 2011. Scroll down to the areas that I have highlighted in red. Perhaps all hope is not lost. Something here tells me they can't just take AIA away from this corporation. However, I fully expect the new crew to change the name of this company in the very near future to BioGeron like that attempted twice before the end of the year. I am not sure we will have a leg to stand on at that point.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report Pursuant to Section 13 or 15(d) of the Securities Act of 1934

Date of Report: March 23, 2011

ANGEL ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

Nevada
06-1588136

(State of incorporation)
(IRS Employer ID Number)

1802 N. Carson Street, Suite 212-3018,

Carson City, Nevada

89701

(Address of principal executive offices)
(Zip Code)

(775) 887-0670

(Issuer's telephone number)

N/A
(Former name, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[ ]
Written communications pursuant to Rule 425 under the Securities Act

[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act

[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act






1





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SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS

Item 1.01 Entry into a Material Definitive Agreement.

See “Item 2.01 – Completion of Acquisition or Disposition of Assets” below for description of a material definitive agreement the Registrant entered into, which is incorporated herein by this reference.


SECTION 2 – FINANCIAL INFORMATION

Item 2.01
Completion of Acquisition or Disposition of Assets.

On March 23, 2011, the Board of Directors and majority stockholders of Angel Acquisition, Inc., a Nevada Corporation (the “Registrant”), approved the entry into a Partial Purchase Agreement (the “Agreement”). Under the terms of the Agreement, Gate Technologies, LLC acquired sixty percent (60%) ownership of the Registrant’s operating division, Angels In Action for total cash consideration of ninety thousand dollars ($90,000) and six hundred thousand dollars in the form of Gate Technologies, LLC Units contributed by Vince Molinari and Lori Livingston. Vince Molinari, Chairman of the Board of Directors of the Registrant, is also the Founder and Chief Executive Officer of Gate Technologies, LLC and Lori Livingston, a member of the Board of Directors of the Registrant, is also the Founder of Gate Technologies, LLC.


A copy of the Agreement is filed as Exhibit 10.3 to this Current Report on Form 8-K.


SECTION 9 – FINANCIAL STATEMENTS AND EXHBITIS


Item 9.01 EXHIBITS


Exhibit Number
Description

10.3
Partial Purchase Agreement by and between Gate Technologies, LLC and Angel Acquisition Corp


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



ANGEL ACQUISITION CORP.


Date: March 29, 2011
/s/ Steve Bonenberger


Steve Bonenberger, Chief Executive Officer








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Partial Purchase Agreement:

By and Between:

Gate Technologies, LLC and Angel Acquisition Corp







Purpose:




The purpose of this document is to formalize a partial purchase of Angels in Action (an operating division of Angel Acquisition Corp, A Nevada Company, that is fully licensed and ‘in good standing’ in both the state(s) of Nevada and California) and Gate Technologies, LLC, a New York LLC, that is fully licensed and ‘in good standing’, in that state.


Two Parties:


This agreement is limited to and binding upon ratification by the controlling interests of the two (2) parties that are listed above. The two (2) parties to this agreement are:


a.
Angel Acquisition Corp

b.
Gate Technologies, LLC

Terms and Conditions:

The terms and conditions stated herein are hereby agreed upon, and ratified by the consenting signatures of both parties:

1.
Angel Acquisition Corp


a.
Angel Acquisition Corp owns, manages, retains the entire rights and privileges to one of its core assets and subsidiaries: Angels In Action
b.
Angels in Action is a working web portal that is designed and targeted to provide micro-lending and business support services to entities large and small that are US Based

c.
Angel Acquisition Corp is solely responsible for the development and deployment of Angels in Action

d.
Angel Acquisition Corp hereby agrees to sell, and to offer to Gate Technologies, LLC sixty (60) percent of this operating division

e.
Angels in Action will continue to operate jointly as a operating division of Angel Acquisition Corp and will be held as a majority asset following the completion of this partial purchase as a managed asset of Gate Technologies, LLC

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2.
Gate Technologies, LLC




a.
Gate Technologies, LLC, hereby agrees to compensate Angel Acquisition Corp and provide the following consideration to complete this transaction

b.
Ninety thousand dollars in the form of cash

c.
Six hundred thousand dollars in the form of Gate Technologies, LLC Units contributed by Vince Molinari and Lori Livingston




Related Party Transaction:




Both parties to this agreement hereby declare and stipulate that all are in full knowledge and consent that the following related parties are involved in this partial purchase:




a.
Lori Livingston: is a member of the Board of Directors of Angel Acquisition Corp and also serves as a managing member and Chief Technologies Officer for Gate Technologies, LLC.

b.
Vince Molinari: is a member of the Board of Directors of Angel Acquisition Corp and also serves as a managing member and Chief Executive Officer for Gate Technologies, LLC.

c.
Ginew Holdings, LLC: both Ms. Livingston and Mr. Molinari have respective companies which control the interest of Ginew Holdings, LLC. Ginew Holdings, LLC is the majority and controlling shareholder of Angel Acquisition Corp




Majority Shareholder Consent:




It is further declared and so stipulated that Ginew Holdings, LLC is the majority and controlling shareholder of record for Angel Acquisition Corp. Ginew Holdings, LLC votes and gives consent to the terms and conditions of this partial purchase agreement. Ginew Holdings, LLC grants consent for:




a.
Angel Acquisition Corp to disperse its wholly-owned asset “Angels in Action” for the consideration herein agreed upon to Gate Technologies, Inc

b.
Angel Acquisition Corp, under the direction of Gate Technologies, Inc to continue to manage and direct and expand the work and specter of influence of its micro-lending and micro-banking division, “Angels in Action”




Upon ratification by the undersigned of both consenting parties, this agreement becomes binding upon all.



Date: March 23, 2011
Date: March 23, 2011



/s/ Steve Bonenberger

Steve Bonenberger
Angel Acquisition Corp



/s/ Vince Molinari

Vince Molinari
Gate Technologies, LLC

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I honestly do not believe that anyone read this one wrong. It is more like we were mislead particularly over the past 6 months.

It would appear so. If Michael Edwards mission is health and wellness, it means BioGeron. Guess what we have been working towards for the past months is now history. I really don't expect much if anything from this venture now. However, there is something about the whole thing that is off, IMO. Maybe we will receive more info in the near future.

I am really not surprised, but I am disappointed. This Gate thing was always bigger than AGEL. That is what never really made sense. Actually, it still doesn't, but now AGEL will probably be changing its ticker and moving one to the nutritional supplement stuff. Steve will still be doing the AIA, but on a private entity basis, IMO.

I guess it could be a good thing if you had been investing in nutritional supplements all this time. I did not. The BioGeron subject came up less than a year ago. I was in AGEL before that because of the potential in the Micro-Finance sector.

Michael Edwards used to be a member of the board last year. OTC Markets is showing Lew Graham as being part of the team again as a company director. Guess it is just a matter of time before 'ol Uncle Milty (Milton Ault) rears his head up here too.

The 3 of them are running BioGeron. They tried to change the name of Angel Acquisition to BioGeron a couple of times over the past year before all of the Gate stuff came up.

I am very disappointed.

8K FILING 6/24/11 Very Bad News:


http://www.sec.gov/Archives/edgar/data/1082822/000126246311000080/agel_8k06222011.htm


SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.

(a)
On June 22, 2011, the Registrant accepted the resignations of Steven Bonenberger as Chief Executive Officer, President, Secretary and Chief Financial Officer of the Registrant. Effective on the same date the Registrant appointed Michael Edwards as Chief Executive Officer, President, Secretary, Chief Financial Officer and member of the Board of Directors.




(b)
On June 23, 2011, the Registrant accepted the resignation of Steven Bonenberger as a member of the Board of Directors of the Registrant.




Mr. Bonenberger's resignations did not arise from any disagreement on any matter relating to the Company’s operations, policies or practices, nor regarding the general direction of the Company




Biographical information for Michael Edwards

Mr. Edwards has extensive experience in nutrition, marketing and product distribution. His current focus is on the study of Anti-Aging and Life-Extension nutraceutical science. His mission is to bring a product to the public that will improve their ability to extend life and experience a healthy life. He owned and managed a retail health-food company in Southern California before moving to Los Angeles in 1989 where he created Premier Attractions, a marketing firm that created and distributed products worldwide.

Mr. Edwards is a published author and inventor with a diverse educational, financial, business and a research background. This background has provided a strong work ethic and created success-driven protocols which have sustained a continued interest in the bio-nutraceutical and health-science industry.

In addition to his health science background, Mr. Edwards brings a wealth of experience from writing, directing, production and distribution in the film, television and video industries, as well as substantial banking and publishing experience.




SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


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ANGEL ACQUISITION CORP.




June 24, 2011
/s/ Michael Edwards

Date
Michael Edwards, Chief Executive Officer

NASCAR is an acronym for National Association of Stock Car Auto Racing and should ALWAYS be capitalized, please. RFMK may benefit from having these ads on the big screens at the races, but you gotta remember the fans are there to see the race and not the big screens. The ads will be taking place before/after the race and during caution laps etc. During the race it will be all cars on the track kind of stuff only. Anybody really seen The Brickyard layout? It isn't all that great really. I would also have to say regarding that PR about The Brickyard being the most watched event......NOT EVEN CLOSE! Maybe yes for Indy Racing, but not for NASCAR. There is only one most watched event for NASCAR and that event is only second to the Super Bowl.

That is soooo true. CBAI will do what its going to do with or without us. Funny thing is, I have begun to worry a little about all those samples of cord blood lately. With all the acquisitions and transitions by all of these companies are the samples even going to remain viable? I sure hope so for the sake of all those children and their parents that have banked on it. Simply put, there is so much more riding on the success of a company like CBAI than just the investor's investment. The situation could become very ugly very fast if just one sample is destroyed by some company not being able to keep the lights on.

My time-line on AGEL is:

I will give them one year to poop or get off the pot LOL. Of course, my gut feeling is, things will start cranking by the 4th quarter this year. That gives Gate Global Impact 2 quarters to get AGEL turning at least $100,000 in revenue. By all investor known information, this should be more than enough time. The information we have in-hand says the revenues should be much greater than 100K. With good revenue comes good share price and I am talking much higher than under a penny.

Micro-Finance is generating massive revenues in other countries, but untapped in the USA mostly. Too many of the so-called micro-finance companies are nothing more than predatory lenders. AGEL is setting up to be the "REAL DEAL" with micro-finance. The backers of this venture reveals much more than most understand. These guys would not be caught dead being placed in the same class as those lenders that cater to pawn shops and online traps, IMO.

$100,000 in revenues IS the golden number to make AGEL eligible with the DTC again. That is the minimum revenue requirement to be DTC eligible. Just think of how many PS stocks have you seen with that much profit? I haven't really seen any, they are ALL in the minus category. Or, at least the ones I have been involved with have been. They all have a potential though lol.

I never had much on this one, but 1:500? Yes, that IS brutal. Just another POS scamming the broke investors who were just trying to help a company grow. Little did they know that when they invested their hard earned dollars into this, uh, company the money could have been better spent wiping their butts with it and flushing it down the toilet. Now, THAT'S GREEN!

Such a good story too. Time for somebody to rewrite the ending so it turns out better than the direction it seems to be going.

That is the way it USED to be, but over the past several months things are a bit different with these R/S's. I have two instances over the past 4 months of R/S shares being frozen for about 2 months before being released. Reason? Apparently, there are a whole bunch of Pink Sheet stocks that require physical paper certificates to be delivered. They cannot deliver them electronically and it is dramatically slowing the whole process down. So, if we are about to R/S probably best to walk away and come back in about 2 months because it WILL take that long now. It happened with MMUH and it is happening right now with CBAI who's R/S took effect on 5/9/11 and shares are still frozen even after the "D" was dropped awaiting physical delivery of new shares.

There has been news that under normal circumstances would have gotten many stocks moving. GDTK has been so repetitive with their maneuvers almost everybody knows about them. The old things are no longer exciting for those of us that have been here. This one is stinking to high heaven at this point, IMO.

Until this year, it used to be a matter of days. Now though, I have had some go a couple of months before the shares are available. Things have changed and not in a good way, IMO.

That is just it! I don't believe we have determined what a "UNIT" is worth at this point. I have done a fair amount of research and have come up with nil on the subject.

Yes, I have noticed this as well. It appears that at least half of the shares traded are not accounted for as in the usual fashion. They are not being accounted for anywhere or only with a question mark. So, why show them at all? There is bound to be an investor on this board or somewhere in IHub that knows what this means.

Money TV again? I don't understand the dynamics of installing "a unit." However, it sure does seem to be taking a very long time for this installation of a single unit, IMO. What do they need? A plumber, AC/Heating Techs/ General Labor should just about do it, IMO. With today's technology, I would have thought GDTK could have slapped one in a facility in less than 3 months if they knew what they were doing. Or, more to the point, if it is really happening at all. At this rate a year from now we are still going to be at the "installation stage." Kind of like the financials definitely gonna be out by the end of the month every month for the past three months. Something isn't right about this, IMO.