Alternative Energy Partners Inc (AEGY)

[my2Mustangs]

No "good news" in the 10Q to report yet?

Another fine rebuttal, up to 13 words, but still no real rebuttal to the information I provided from their 10Q about all the toxic debt notes and a little about how they work. BTW-the Asher notes provide for 55% discount.

Maybe if the toxic debt notes are broken up they will be easier to understand.

Asher Enterprises, Inc. (1)

1)Convertible promissory note dated February 7, 2012, bearing interest at a rate of 8% per annum, maturing May 9, 2013, convertible at a 55% discount to the average of the three lowest ten-day trading prices at date of conversion.


2)Convertible promissory note dated March 8, 2012, bearing interest at a rate of 8% per annum, maturing September 12, 2013 convertible at a 55% discount to the average of the three lowest ten-day trading prices at date of conversion.


3)Convertible promissory note dated April 26, 2012, bearing interest at a rate of 8% per annum, maturing October 26, 2013 convertible at a 55% discount to the average of the three lowest ten-day trading prices at date of conversion.

4)Convertible promissory note dated November 14, 2012, bearing interest at a rate of 8% per annum, maturing August 14, 2013 convertible at a 55% discount to the average of the three lowest ten-day trading prices at date of conversion.

Each note above has received shares each month for the interest payment each month since their inception date plus on May 9, there was supposed to be shares on top of the interest shares to "retire the note" but it is listed as being in default.

With all that going on with Asher, there are 4 more notes that have been receiving interest payment shares since Dec. of 2012 and 1 more that started receiving shares Jan. 2013 and 1 from 2010 that is in default. That's a lot of "notes" receiving shares on a monthly basis, 4 at a 55% discount to the PPS.

If this helps let me know and I'll break out the other 5 or 6 promissory notes that are receiving shares until their "maturity date" when the entire amount is "retired" with more shares.

Hipple has 3 of the other 5 or 6 notes with 2 "maturity dates" beginning in Dec. 2013 and 1 in Jan. 2014.

Dilution wise, starting in Aug. through the end of Dec. this year is going to be huge.