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Wednesday, March 05, 2014 11:51:10 AM
A Canadian regulator ceased traded AEGY for failing to file some documents or whatever they require which means no Canadian s can buy or sell the stock right now. No biggie for Americans so no big deal but AEGY issued a 8k stating they tried to get in touch with the Alberta regulator to have it removed but never received a reply from them. Last Friday the Alberta issued a statement saying that they attempted to reach AEGY by using the contact information on SEC and OTC files. Emails bounced back, courier packages were sent back as undeliverabel and other messages were not returned. That may cause the SEC or OTC to look at that statement. My buddy contacted the Alberta people and they confirmed the company has never attempted to reach them. Sounds odd because they are a government body and I am sure AEGY could easily find the email, phones and address for them. I found out. www.albertasecurities.com is the address so how hard could it be. The guy also told my buddy why the cease order was placed in the first place. Being a research nut my buddy dug through some files on the website and found out other OTC comps had been halted by the ASC like CNTO PBIC, AEGY and lots of others too. I guess what it might mean is anyboys guess and if the SEC wants to get fussy they could ask for an explanation or proof for the statement which the Alberta regulator denied as being true. I hope that does not happen as it could cause a stir for a bit. The DC move yesterday was awesome.
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