Alternative Energy Partners Inc (AEGY)

[thecryptomarket]

***AEGY SEC DOC (1) PLEASE READ*** Not everything is on otcmarkets and ihub filings lol. A/S Increase Looks like we got 2 weeks to RUN! then who knows what happens.

Please read and let me know what you think link to info below

http://www.sec.gov/Archives/edgar/data/1446896/000144689613000017/pre14f1592013.htm

SEC Filing Date
2013-05-09
Accepted
2013-05-09 16:22:16
Documents
1
Period of Report
2013-05-09
Filing Date Changed
2013-05-09


ACTION

AMENDMENT TO THE ARTICLES OF INCORPORATION TO INCREASE
THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK

On May 9, 2013, the Company’s sole member of the board of directors adopted a resolution declaring it advisable to amend the Company’s articles of incorporation to increase the number of common shares of the Company authorized to be issued to 2,500,000,000 common shares. On May 9, 2013, the Company received a written consent in lieu of a meeting of stockholders from 1 holder of 40,000,000 shares of Common Stock and 5,000,000 shares of preferred stock, having a combined vote of 64.4% of the total shares entitled to vote, approving the Action. A copy of the Articles of Amendment is attached as Appendix A hereto.

Purpose of the Action

Over the course of the last several months, the Board of Directors has discussed the availability of authorized common shares to be issued by the Company in light of the current market price and trading activity of the common shares of the Company on the OTC Markets QB tier and the rights of certain holders of convertible promissory notes to convert at a price pegged to market price. As such, the Board of Directors has determined that it is in the best interest of the Company to increase the authorized number of common shares in order to meet the obligations of the Company under the terms of those certain convertible promissory notes.

In consideration of the new direction of the Company, the Board of Directors recommended that the Company increase the number of common shares that the Company is authorized to issue to 2,500,000,000.

Effective Date of the Amendment

The Articles of Amendment of the Company will become effective upon the filing of the certificate of amendment to the Company’s articles of incorporation with Secretary of State of the State of Florida. Pursuant to Rule 14c-2 under the Exchange Act, the foregoing Action may not become effective until a date that is at least 20 days after the date on which this Information Statement has been mailed to the stockholders of the Company.