From the latest 10Q!!!!
Whatta a piece of Shaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaatz!!!
The Company is involved in the alternative energy sector. The Company has acquired and is seeking to acquire additional emerging growth companies to meet growing demands worldwide in the alternative energy sector. The Company currently has five subsidiaries, Sunarias Corporation ( “ Sunarias ” ) acquired during the fiscal year ended July 31, 2010; SkyNet Energy Systems, Inc., Shovon, LLC, acquired during the fiscal year ended July 31, 2011; Élan Energy Corp. ( “ Élan ” ), incorporated as a wholly-owned subsidiary on September 13, 2010; and Clarrix Energy, Inc., acquired during the fiscal year ended July 31, 2012.
Total Assets
$ 330,113
Total Current Liabilities
$ (673,174)
On October 22, 2012, the Company entered into an Acquisition Agreement with Élan Energy & Water, Inc., Inc., its majority shareholder, to acquire Safford Acquisition I, Corp., an Arizona corporation ( “ SAC ” ), in exchange for 100,000,000 shares of post-reverse split common stock. The Board of Directors of AEGY also approved a 1:100 reverse split of the common stock, by undertaking a reduction in capital under Florida law, pursuant to which the number of shares of common stock issued and outstanding will be reduced by a factor of 100 simultaneously with the reduction in the authorized shares of common stock from 250,000,000 to 2,500,000 shares. Under Florida law, a capital reduction does not require vote of or approval by the shareholders
On October 22, 2012, the Company entered into an Acquisition Agreement with Élan Energy & Water, Inc., Inc., its majority shareholder, to acquire Safford Acquisition I, Corp., an Arizona corporation ( “ SAC ” ), in exchange for 100,000,000 shares of post-reverse split common stock. The Board of Directors of AEGY also approved a 1:100 reverse split of the common stock, subsequently modified to 1:150 shares
