Replies to post #124363 on Alternative Energy Partners Inc (AEGY)

[EmptyBones]

Let me make it easy for you lol..

Boston, MA 06/06/2014 (wallstreetpr) – The U.S. Securities Exchange Commission (SEC) has suspended trading of Alternative Energy Partners Inc (OTCBB:AEGY). The temporary suspension is based on questionable issues surrounding the company. The company provides support services to the medical marijuana sector, yet there have been more questions than answers concerning its business activities.

The suspension declared today will stay until June 19, 2014 as SEC looks into the issues raised about the company. As usual, the suspension duration can be longer or shorter depending to how the investigations proceed.

In addition to halting the trading of the stock of AEGY, SEC has also called on brokers, dealers or other people with useful information about the questionable business activities of the company to come forward and provide them to regional director or assistant regional director in Philadelphia Regional Office.

The gist of the matter

According to SEC, there is a lack of current and accurate information about Alternative Energy Partners Inc (OTCBB:AEGY). The questionable details about the company touch on its business activities, control and trading its securities.

As such, SEC has cautioned brokers, dealers, shareholders and potential investors to be careful when approaching investment or business dealings relating to the company.

The latest developments come just after Alternative Energy Partners Inc (OTCBB:AEGY) provided details about its office location that raised eyebrows. The AEGY told SEC its offices are located in a posh business building in Boca Raton. It turned out that the same address is offered by True 2 Beauty Inc (OTCMKTS:TRTB) and Medefile International Inc (OTCMKTS:MDFI).

Financial scare

In its most recent financial details, AEGY provided details that turned out to be a big scare to those who cared to take a closer look. On March 24, the company published its cash position as $89, total assets as $6,000 and total liabilities as $1.8 million. The company reported no revenue since inception and total net loss since inception of $10.2 million.

In addition to Alternative Energy Partners Inc (OTCBB:AEGY), SEC has also suspended trading of SK3 Group Inc (OTCMKTS:SKTO).