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Det_Robert_Thorne

06/06/14 10:15 AM

#169573 RE: wealth4life #169571

The SEC suspended two more marijuana-related companies today

Since you asked, the SEC suspended Alternative Energy Partners Inc. and SK3 Group today, on concerns about ".. the accuracy and adequacy of publicly available information about the business activities, the control of the companies, and trading in the securities of both companies."

http://www.sec.gov/litigation/suspensions/2014/34-72337.pdf

AEGY provided "...on-line ordering, manangemnet and payment services for legally authorized purchasers of medical marijuana.", while SKTO "... acquired Medical Greens, Inc., a provider of administrative, accounting and other services to California marijuana collectives, authorized under California law. Founded in 2007."

The two companies were in the process of merging.