Closed board

[mc67]

SHELL's

Sent By: levelnever To: joshua33 Date: Tuesday, June 01, 2010 2:37:11 PM

Joshua, yes shell companies do have to stay active and file annual reports with their respective SOS. However, there are shell stocks that are traded who are in default with their SOS. Personally, I tend not to consider the ones that are in default. In AEGP's case they remain active.

Often times R/M candidates can see some of these shell stocks as attractive. First, because it is less time and cost consuming than a traditional IPO process and second because some of the shells accumulated deficits (NOL) can be used as a write down for the R/M companies taxes in subsequent years. That said it is not the whole NOL that can be used in a R/M situation and there is usually an expiration on using these losses. It depends on the individual case but my general rule is not more than 10% of the overall NOL can be used to offset future taxes.

That said, you should be aware R/M plays are highly risky, but on the flip side highly profitable. I like AEGP due to its incredibly low O/S, A/S & Float in addition to recent connections that have surfaced. Will it mean anything for the PPS, only time will tell. I also do like the shell players who are in this stock. I encourage you to learn from some of them as they have alot of knowledge. Here is one good board to post additional questions on:

http://investorshub.advfn.com/boards/board.aspx?board_id=7145.

Hope that helps

best,
level