Alternative Energy Partners Inc (AEGY)

[Tiresias]

flashdofu you are right. My buddy who is Canadian has been hounding them for answers and in a nutshell without all the technical jargon he receivedi in his reply was this.
Canada adopted new rules in 2012 to cut down on fraud. A lot of stocks even trading on the OTC have Canadian connections. The infohe got back was a few highlighted ones. PBIC was at over a buck on the OTC. Company denied everything but the guy running PBIC just pleased guiltry to fraud in front of the SEC but it was the Canadian regulators who investigated and shut it down and the ASSC halted it and it crashed and burned. It was in Arizona but heavily pumped by a Canadian proomoter company. Another one was Cougar Oil which was based in Canada and used the same company to pump its billion barrels of oil pump job and the same pump and dump company also issued the same pump info for CNTO. So what the Canadians did to stop this in the Canadian markets was to bring in a new rule that said any company with directors in Canada or an office in Canada or a pump and dump promotor in Canada will be called a reporting issuer and they have to report the company audited financials to them. Because Gelmon was Canadian his company AEGY had to report in Canada and it stays in effect for one year to stop them from switching directors and avoiding the law by stopping a director and switching him. CNTO was flying high over three bucks on the OTC when ASSC halted it and it is around .25 or something once the SEC allowed it to trade but the ASSC has it halted. Gelmon has a big list under his name all now halted like AEGY NOHO FGLD Solar. One of the directors of NOHO is also a director of SKTO.So the Canadian securities commission is cutting down ont he pump and dump schemes and the SEC someitimes is coming in after the Canadians have done this to halt them later. My buddy is still waiting for an answer about AEGY and whether he will be able to buy shares in the new merged company or not. The SEC let PBIC trade for two years after the Canadian securities commission halted it for fraud.