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Yes, class action will follow soon. Wonder if the law firm handling GrowLife's class action will handle this one?
http://www.rosenlegal.com/cases-264.html
New York, N.Y., April 18, 2014. The Rosen Law Firm, P.A. announces that it has filed a class action lawsuit on behalf of purchasers of GrowLife, Inc. (OTC: PHOT) securities between November 14, 2013 and April 9, 2014, inclusive (the “Class Period”), seeking to recover damages for violations of the federal securities laws.
Get your PharmaJane's T-shirt ready to put on display at the hearing. How much jail time can someone get for wearing a fraudulent t-shirt?
Someone needs to STICKY this comment.
Did you notice Tom with 3 numbers after his name pumped Strategic Global (STB?) until it reached .0001, go read their stream for the past few months and you will see the same game being played here.
A good economic indicator: If Tom 3 numbers is supporting a stock, don't buy it.
I hope that HighwayBiker guy wears his "PharmaJanes" t-shirt to the SEC hearings! That alone should convince them this is a great company!
Bwahahahahahahahahahahahahahaha!!!!
Owners of PHOT can join a class action lawsuit just filed against them for material misleading information.
http://online.wsj.com/article/PR-CO-20140428-911811.html
Might can get some losses back.......
If you ever owned PHOT then you will likely want to join this class action lawsuit.
http://online.wsj.com/article/PR-CO-20140428-911811.html
" The Complaint alleges that throughout the Class Period defendants issued false and misleading statements or failed to disclose that: (1) the Company had provided inaccurate and/or inadequate information about its stock and engaged in potentially manipulative transactions; (2) the Company lacked adequate internal and financial controls; and (3) as a result, the Company's financial statements were materially false and misleading at all relevant times.
This link is to an Ihub conversation this past summer questioning another one of Hipple's mergers. THE LAST LINK on the Ihub post leads back to Indian River, the name on AEGY's latest Florida filing. Anybody familiar with this transaction?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88549987
Hipple has issues with mergers as outlined on pages 3 and 4 on this SEC complaint. Is this going to be the typical Hipple merger?
Doesn't Hipple have a history of advertising mergers to get the price up and then backing out at the last minute?
http://www.sec.gov/litigation/admin/2010/34-61688.pdf
Yes, but fortunately, since they were never really employees of AEGY, they have no office to clean out so the transition of management should have been seamless.
Registered Agent changed on 3/25/2014 also. Same address as Hipple!
Registered Agent Name & Address
Indian River Financial Services, LLC
1365 N. COURTENAY PARKWAY
SUITE A
MERRITT ISLAND, FL 32953
Name Changed: 03/25/2014
This was posted yesterday but didn't get a sticky.
AEGY filed a 10Q in December 2013 stating they didn't have the money to complete the SKTO agreement; at the time AEGY had $410 cash on hand.
We also have signed an agreement with SK3 Group, Inc. to become the exclusive on-line and smart phone ordering and marketing platform for collectives managed through the SK3 Group system. Members of the collectives managed by SK3 Group will soon be able to order their medical cannabis needs through PharmaJanesTM We issued a total of 100 million shares of our common stock to SKTO for this exclusive agreement, valued at $30,000 based on the closing market price for the stock on the date of the Agreement, and also undertook to register the planned distribution of the shares by SKTO to its shareholders. We have not yet filed the agreed to registration statement due to cost factors and the need to complete the fiscal year end audit, but expect to file the registration statement as soon as this Annual Report has been completed and filed.
AEGY filed a 10Q this week stating they didn't have the money to complete the SKTO agreement; AEGY now has $89 cash on hand.
We have not yet filed the agreed to registration statement due to cost factors and the need to complete the fiscal year end audit, but expect to file the registration statement as soon as this Annual Report has been completed and filed.
QUESTION; WILL THE SEC TAKE 2 BILLION SHARES OF AEGY STOCK IN EXCHANGE FOR THE FILING FEE FOR A MERGER?
If not, AEGY is going to burn through that $89 cash on hand pretty quick.
Uh oh, trade suspension on a MJ stock--lack of current and accurate information. Wonder who is next?
http://www.sec.gov/litigation/suspensions/2014/34-71814-o.pdf
I read the Amended Date and the Name Changed date (today). Indian River Financials has same address as Hipple AND THAT WAS CHANGED TODAY.
Florida Profit Corporation
ALTERNATIVE ENERGY PARTNERS, INC.
Filing Information
Document Number
P08000042648
FEI/EIN Number
262862564
Date Filed
04/28/2008
State
FL
Status
ACTIVE
Last Event
AMENDMENT
Event Date Filed
01/24/2014
Event Effective Date
NONE
Principal Address
301 Yamato Road
Boca Raton, FL 33431
Changed: 05/17/2013
Mailing Address
301 Yamato Road
Boca Raton, FL 33431
Changed: 05/17/2013
Registered Agent Name & Address
Indian River Financial Services, LLC
1365 N. COURTENAY PARKWAY
SUITE A
MERRITT ISLAND, FL 32953
Name Changed: 03/25/2014
Address Changed: 11/01/2012
Officer/Director Detail
Name & Address
Title PSD
Choo, MICHAEL
301 Yamato Road
Boca Raton, FL 33431
Title Secretary/Treasurer
BURKE, JOHN F
1365 N. COURTENAY PARKWAY, SUITE A
MERRITT ISLAND, FL 32953
Title Corporate Counsel
Hipple, Robert
1365 N. Courtenay Parkway
Suite A
Merritt ISland, FL 32953
Oooooooooooooooooooo Did you see the Florida filing?
Hhhhhhhhhhhhhhhhhhhhh ipple!
KEY GOATS is the winner!!
Actually, he is here, on the 01/24/2014 Florida filing.
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/domp-p08000042648-e38362db-f306-4aea-9ba6-09f7777c2a61/alternative%20energy%20partners/Page1
A Keg's Toy
Please use all letters in the AEGY/SKTO merger.
What will you get when AEGY/SKTO merge?
KEY GOATS
Can anyone else rearrange the letters to make anything more fitting to describe the merger that AEGY can't afford the paperwork on?
I don't know if you are male or female but it doesn't matter;
WILL YOU MARRY ME?
I think I love you.......
On AEGY's 10Q filed in December 2013, they listed cash on hand as $410. Would have been more appropriate if they had $420!
As for the current cash on hand $89, would be more appropriate if it were $69 to reflect the screwing around!
Fun with math!!
AEGY + SKTO = 55M revenues for 2013
Not on the financials. 55M for 2013 You must be dreaming of revenue for 2014?
While we are dreaming, I want a unicorn that farts rainbows.
You don't need a PENCIL when you don't have employees. Who would keep them sharpened?
Employees
Mario Barrera currently is our Chairman, President and CEO and sole officer. He is not an employee of the company and is not paid as an employee. Currently, we have no paid employees, full or part-time, and rely on paid consultants to provide necessary services.
And if you check the address on the filing, it is a virtual office! But who needs an office when you have no employees.
Anyone who has done a minimum due diligence would understand why this stock only has 129 stockholders.
There are 200 people on here promoting a stock owned by 129 people.
Here's an interesting one for you: The Alberta Securities Commission notified the SEC that AEGY provided MATERIALLY MISLEADING information on a SEC filing:
http://www.albertasecurities.com/news-and-publications/Lists/NewsReleases/DispForm.aspx?ID=1274
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.
IF, big IF, they have revenue, why continue to tell the SEC you don't even have enough revenue to file the 8K 1.01 Material Definitive Agreement for the deal with SKTO last year? Are they not telling the truth to the SEC?
We also have signed an agreement with SK3 Group, Inc. to become the exclusive on-line and smart phone ordering and marketing platform for collectives managed through the SK3 Group system. Members of the collectives managed by SK3 Group will soon be able to order their medical cannabis needs through PharmaJanesTM We issued a total of 100 million shares of our common stock to SKTO for this exclusive agreement, valued at $30,000 based on the closing market price for the stock on the date of the Agreement, and also undertook to register the planned distribution of the shares by SKTO to its shareholders. We have not yet filed the agreed to registration statement due to cost factors and the need to complete the fiscal year end audit, but expect to file the registration statement as soon as this Annual Report has been completed and filed.
http://www.sec.gov/Archives/edgar/data/1446896/000144689614000006/f10q1312014.htm
I WAS WRONG! It is important to admit when you are wrong.....I projected $170 cash on hand and it was $89 cash on hand. I gave them way to much credit.
They issued 2 billions shares of stock to reduce debt to $1.8 million. So, they now have $89 cash to service $1.8 million in debt.
Only 6 more weeks until the quarter ends, will 2 billion more shares be needed to service debt for their 3rd quarter further diluting the value of the stock? Yep.
WE AGREE ON SOMETHING, ONLY THE COMPANY KNOWS!
The highly credible Benz and Gomez should rip out another PR this afternoon announcing how great business is; how many customers have signed up, how many deliveries have been made, etc, etc. When business is great the business wants everyone to know, it is great PR to attract investors.
Only the company knows and they don't seem to excited to share the great news about how wonderful sales are going. I am sure they have been busy filing the late filing to have time to get a late filing ready for filing on Monday after hours so I am sure a PR will be coming soon, probably next week that will send this to da moon!
Got a busy weekend, will talk more Tuesday after the fan churns the stuff around! GLTY!
Here is the article, one of many, about how the SEC is going after companies that use the online media to issue misleading statements concerning a stock.
http://www.oregonlive.com/business/index.ssf/2014/03/legal_flurry_around_lake_osweg.html
The term "misleading" keeps coming up in my DD. The Alberta Securities Commission used the word "misleading", in fact, it was "materially misleading" when describing information AEGY provided on a form 8K filed with the SEC.
And since launch there were 3 or 4 deliveries? Have you seen the SEC investigation into Galena? Let me go find that link for you so you will know how far the SEC will go to find those that post false information to promote a stock. Be right back.
Since Mario filed the inability to file our finances on time, the NT-10Q, after hours on Monday, March 17, 2014, stating he would file the real 10Q on Monday, March 24, 2014, betting he files the AEGY 10Q after hours as well.
http://www.sec.gov/Archives/edgar/data/1446896/000144689614000002/f12b25.htm
The 10Q filed on December 23, 2013, listed $410 cash and $2,000,000 debt.
http://www.sec.gov/Archives/edgar/data/1446896/000144689613000046/f10q10312013.htm
So, projecting their new cash on hand:
$410 cash on hand
-80 November virtual office rent
-80 December virtual office rent
-80 January virtual office rent
$170 cash on hand
Anyone care to project how much debt will be raised when stock is converted as payment for debt?
With the few hours trading today, trading on Monday, release of 10Q after hours, running out of time before this pump is over. Expect major selling this afternoon and Monday before finances are released.
Wrong again, the consulting relationship was listed in their December 23, 2013 filing, less than 3 months ago. Or, is that another one of AEGY's MATERIALLY MISLEADING information?
http://www.sec.gov/Archives/edgar/data/1446896/000144689613000046/0001446896-13-000046-index.htm
AEGY's consulting firm is NOHO run by Gelmon.
Doesn't a consulting firm advise a company how to run? If Gelmon is advising his own company, NOHO, he advised himself out of 40% today.
Alberta Securities Commission has notified the SEC that AEGY provided MATERIALLY MISLEADING information on an SEC form.
The MATERIALLY MISLEADING info included address and phone number as being bogus.
http://www.albertasecurities.com/news-and-publications/Lists/NewsReleases/DispForm.aspx?ID=1274
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.
The cease trade order continues to remain in effect. A copy of the cease trade order is available on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
You are sadly mistaken. AEGY has a contractual obligation with him. It is in their filings!
"Contractual Obligations
We have entered into a consulting agreement effective December 31, 2012 with Novation Consulting Services, Inc., which remains in effect."
It is near the bottom, under "we have no employees" section.
http://www.sec.gov/Archives/edgar/data/1446896/000144689613000046/f10q10312013.htm
And who is associated with Novation Consulting (NOHO)?
http://www.corporationwiki.com/Florida/Cocoa/novation-consulting-services-inc/134585133.aspx
Gelmon
AND NOHO DROPPED 40% TODAY!
Question:
Why does the filing released today by AEGY to the SEC have a Boca Raton Address but a Boynton Beach phone number? Should I go to Boca Raton or Boynton Beach to see the virtual corporate headquarters?
Which part is wrong?
Here is the link where they say they can't complete the paperwork for SKTO due to financial issues. Will even pull the quote for you because clicking and reading are too closely associated with DD.
"We also have signed an agreement with SK3 Group, Inc. to become the exclusive on-line and smart phone ordering and marketing platform for collectives managed through the SK3 Group system. Members of the collectives managed by SK3 Group will soon be able to order their medical cannabis needs through PharmaJanesTM We issued a total of 100 million shares of our common stock to SKTO for this exclusive agreement, valued at $30,000 based on the closing market price for the stock on the date of the Agreement, and also undertook to register the planned distribution of the shares by SKTO to its shareholders. We have not yet filed the agreed to registration statement due to cost factors and the need to complete the fiscal year end audit, but expect to file the registration statement as soon as this Annual Report has been completed and filed.
http://www.sec.gov/Archives/edgar/data/1446896/000144689613000046/f10q10312013.htm
So, which part is WRONG?
Not much to do on a Thursday morning in Istanbul, Turkey?
Is it like the PharmaJanes's facebook page? Mostly people in Turkey are watching it like mostly people in Turkey like the facebook page? How is the weather in Istanbul?
AEGY has NOT filed the 8-K 1.01 Material Definitive Agreement with the SEC reflecting the SKTO deal with the 100,000,000 stock conversion because, in AEGY's own words, it is financially impossible at this time.
AEGY needs investors because the filing must cost more than the $410 cash they have on hand.
According to this filing, AEGY has a CONTRACTUAL OBLIGATION with NOHO. A little too close for comfort. Have to scroll down a ways but look under CONTRACTUAL OBLIGATION.
http://www.sec.gov/Archives/edgar/data/1446896/000144689613000046/f10q10312013.htm
It was a different link. Did you even click the link or follow the directions? Or is that too much DD for you to handle?
How is Michael Gelmon, NOHO which lost 40% of its value today linked to AEGY?
I know, do you? Can you provide a link to show the NOHO connection?