Alternative Energy Partners Inc (AEGY)

[hedge_fun]

I have posted several links. The ABA outlined.....

what they needed before yesterday's announcement:

“Until congress changes federal law and acknowledges that marijuana is legal banks can’t accept any funds,” said Rob Rowe, Vice President & Senior Counsel of American Banking Association. “As much as we welcome changes to the regulations it doesn’t change the fact that it is still illegal.”

http://www.forbes.com/sites/jonathanhall/2014/01/25/until-100-legal-banks-to-turn-away-marijuana-money/

Then after yesterday's announcement:

Still, the banking industry was quick to say that the new guidelines would not be sufficient to make banks feel at ease about opening accounts for or granting loans to marijuana businesses because the drug would still be illegal under the federal Controlled Substances Act.


http://www.nytimes.com/2014/02/15/us/us-issues-marijuana-guidelines-for-banks.html?_r=0

One bank won't even set ATM's near marijuana bidnesses:

One Colorado bank, Pueblo Bank & Trust, does not even allow its ATMs to be placed in or near marijuana businesses, presumably because it does not want customers to use cash from the machines to buy cannabis. “Marijuana remains an illegal drug under federal law,” PB&T President Mike Seppala told The Pueblo Chieftain last week, “and that’s the bank’s policy.”

http://www.forbes.com/sites/jacobsullum/2014/02/03/bankers-wary-of-marijuana-money-say-a-new-doj-memo-wont-be-enough-to-make-them-comfortable/

Banks got burned by sub-prime. They know how the government works.