AEGY filed a 10Q in December 2013 stating they didn't have the money to complete the SKTO agreement; at the time AEGY had $410 cash on hand.
We also have signed an agreement with SK3 Group, Inc. to become the exclusive on-line and smart phone ordering and marketing platform for collectives managed through the SK3 Group system. Members of the collectives managed by SK3 Group will soon be able to order their medical cannabis needs through PharmaJanesTM We issued a total of 100 million shares of our common stock to SKTO for this exclusive agreement, valued at $30,000 based on the closing market price for the stock on the date of the Agreement, and also undertook to register the planned distribution of the shares by SKTO to its shareholders. We have not yet filed the agreed to registration statement due to cost factors and the need to complete the fiscal year end audit, but expect to file the registration statement as soon as this Annual Report has been completed and filed.
AEGY filed a 10Q this week stating they didn't have the money to complete the SKTO agreement; AEGY now has $89 cash on hand.
We have not yet filed the agreed to registration statement due to cost factors and the need to complete the fiscal year end audit, but expect to file the registration statement as soon as this Annual Report has been completed and filed.
QUESTION; WILL THE SEC TAKE 2 BILLION SHARES OF AEGY STOCK IN EXCHANGE FOR THE FILING FEE FOR A MERGER?
If not, AEGY is going to burn through that $89 cash on hand pretty quick.
