Replies to post #66951 on Alternative Energy Partners Inc (AEGY)

[hedge_fun]

The acquisition of the PharmaJanes intellectual property and business was closed on May 31, 2013 in exchange for our promissory note payable to iEquity Corp. in the amount of $50,000, due in three years at 8 percent interest and convertible after six months at the election of the Holder at 50 percent of the closing market price of our common stock at the date of closing, May 31, 2013, or a conversion price of $0.00105.

Guess what?

That note is now convertible!!!

Funny how the launch happens just after they raised the AS count giving them FREE TRADING shares.

With no interest, 50,000 divided by .00105 = 47,619,047.

47,619,047 x .0072 = $342,857.

See how he does it?

Wait there's more.........

The acquisition of the Simple Prepay TM intellectual property and business was closed on May 31, 2013 in exchange for our promissory note payable to iEquity Corp. in the amount of $30,000, due in three years at 8 percent interest and convertible after six months at the election of the Holder at 50 percent of the closing market price of our common stock at the date of closing, May 31, 2013, or a conversion price of $0.00105.

That's another $205K. Not bad for not actually launching, huh?

It's all disclosed here: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9607827

Don't forget this too........

As previously reported in the 8-K filed November 5, 2013, the Company converted $339,597 of notes into 1,339,318,962 shares.