Alternative Energy Partners Inc (AEGY)

[Minxin]

What the hell does it mean?

On June 4, 2014 and amended on September 11, 2014, the Company entered into a Letter of Intent with Alternative Energy Partners Inc. and SK3 Group Inc. (collectively “TargetCo”) with respect to a proposed transaction in which the Company, newly formed wholly-owned subsidiary 1011707 B.C. Ltd, (“BC1011707”) incorporated on August 24, 2014, will acquire all of the assets of TargetCo subject to certain defined liabilities by way of an asset exchange agreement. Upon completion of the proposed transaction, an application will be made to list on the Canadian Securities Exchange. As at October 31, 2014, the Company has received a deposit of $50,000 on execution of the agreement.

CORPORATE RESTRUCTING AND COMMITMENT (continued)
On November 24, 2014, The Letter of Intent with Targetco was transferred to BC1011707 as per the Plan of Arrangement. Subsequently, BC1011707 made an agreement with TargetCo to cancel the Letter of Intent. Haltain has an arrangement with TargetCo to use the $50,000 deposit towards another project with Haltain in the future. BC1011707, will seek a new LOI with another party.

Does it mean we are failed to merger again with 6months bullshit?