Angel Acquisition Corp (fka AGEL)

[cappyb]

GATE is exchanging their "units" for AGEL common stock per the 10-Q, section titled NOTE 14 – SIGNIFICANT EVENTS.

The Gate Technologies units will be exchanged for the Company’s common stock, each quarter, over a three year period to begin no later the September 30, 2011.

I read this as they are purchasing common shares of AGEL, since AIA is a subsidiary of AGEL and has no "common stock". At today's face value, this actually amounts to 4.8 BILLION shares ($600,000 worth of units @ .0001) So in a three year period, GATE will own 60% of the outstanding shares of AGEL.

This small little sentence is KEY IMO, and why I have so many frickin shares :p

Go AGEL.