Posted by: zekel In reply to: Our-Street who wrote msg# 19 Date:4/2/2008 3:26:27 PM Post #of 49
Meridian Biorefining deal was conveniently noted in a press release by AETE that the deal with GFET was cancelled. AETE subsequently bought Meridian Biorefining. AETE is run by David Mordekhay out of the same office suite on Blalock Road in Houston (also corporate headquarters for GFET, TMDI, OXFD, Southfield Energy, etc....).
However, just when you think it was safe to go back in the water, the SEC halted trading today of AETE (see News at following link):
In the Matter of: The Alternative Energy Technology Center, Inc.
ORDER OF SUSPENSION OF TRADING
It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension of trading in the securities of The Alternative Energy Technology Center, Inc. Questions have arisen concerning the company's reliance on Rule 504 of Regulation D of the Securities Act of 1933 in conducting a distribution of its securities, and the accuracy and adequacy of statements in the company's press releases regarding its rights to certain technology. The Alternative Energy Technology Center, Inc., a company that has made no public filings with the Commission, is quoted on the Pink Sheets under the ticker symbol AETE, and has recently been the subject of spam e-mail touting the company's shares.
The Commission is of the opinion that the public interest and the protection of the investors require a suspension of trading in securities of the above-listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the above-listed company is suspended for the period from 9:30 a.m. EDT, April 2, 2008, through 11:59 p.m. EDT, on April 15, 2008.
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