Thoughts on AEGY

This is how the press release started today.

Dear Shareholders:

We are pleased to update our shareholders that the letter of intent referenced in our last press releases concerning the impending merger with a company listed on a Canadian Stock Exchange has now been signed, and we are preparing a definitive long form acquisition agreement.

http://www.einnews.com/pr_news/210895809/the-road-ahead-for-alternative-energy-partners-otc-aegy-and-sk3-group-inc-otc-skto-an-update

Is this just another PR from a desparate company trying to get your dollars?

If you read the PR it states a Canadian Exchange, what exchange?  What company?  This seems like the plea from a company trying to go to no bid.  

What happened to the SKTO merger?  What happened to Pharmajames making sales?  They reported zero revenues.  They paid consulting fees to Hipple's firm who was restricted from doing business in securities.

Just another PR without any details.

If any of this is true you can ride it later for a profit, but don't catch a falling knife.

All my humble opinion.

AEGY update

From the 10-Q and no merger update.  Merger could be signed by June 23 is it just more BS? 

Page 3 "the company had no revenues" for three or nine months

Page 5 of 10-Q ..." Effective Dec 12, 2012 with Novation Consulting Services..." 
Who is CEO? Robert Hipple, fromhttp://www.corporationwiki.com/Florida/Cocoa/novation-consulting-services-inc/134585133.aspx 

Thought he was restricted from involvement?

AEGY

Page 5 of 10-Q ..." Effective Dec 12, 2012 with Novation Consulting Services..." 
Who is CEO? Robert Hipple, fromhttp://www.corporationwiki.com/Florida/Cocoa/novation-consulting-services-inc/134585133.aspx 

Thought he was restricted from involvement?

AEGY scam or truth

After trading starts on Friday should have a look what is to come.  They have said a late report on the last quarter financials but will they file and get off the grays somehow or was it a scam?

AEGY

AEGY has been suspended and sent to the grays and will open again on Friday.  The price will be .0001 at the open and there will be massive dumping. I wonder if Pharmajanes is true and if there is a profit and the merger will go forward or not.  If AEGY is finished could there be a reverse merger? No one knows for sure but could be a play.

AEGY

I have told you my concerns about AEGY and today the SEC suspended their trading.

AEGY

Just checked Alexa and daily time on Pharmajanes.com is down 39%.  Page views down 9%. Not promising for income.  See if their report is filed on time. 

AEGY

I sold most of my AEGY holdings, just nothing happening and starting to think some type of a scam.  It goes down 10 to 20% per day.  Little more volume today but could be dumping.  I think if the financials were good that word would be leaking out.

AEGY

Could be good news for AEGY http://sierraworldequityreview.blogspot.com/2014/05/pharmajanescom-aegy-to-announce-new.html?m=1

AEGY

This is the email I sent to Mr Benz and never got a response:

Jeff
I am holding 2.1 million of AEGY and getting very frustrated.  All I see is it going down everyday.  I wished I had sold when it was .008, but I believed in what the company was doing, so now I have a loss.  All we have gotten there was going to be a merger and we get Doug every week.  It would be nice to get an update if the merger is still happening, if financials are coming out, anything or was that just a scam to steal our money and a way for AEGY to see shares. Lots of frustrated people that believe in the company.

Maybe on Monday when financials are due we might get an answer.  I am thinking the gmail account for Jeff was a scam that someone set up.

I believed in this company but not so sure anymore, Monday may be telling when the financials are due, if they miss this and no word, I think this is and was the perfect scam.  How hard is it for the company to give an update and I do not believe anyone here that said they got a reply.  Thinking back all anyone posted was they got a reply we are moving forward, they could be moving forward on screwing me out of money and not the merger.  We are dealing with lawyers and since they do not want to put a PR out on where we stand on anything I have serious doubts.  Shame on me for believing this BS.

I can read that another product is sold out, but I could do this if I had a had a product and only had one, I could be sold out all of the time.

I am seriously thinking we have not gotten any PRs is the SEC could use that against the company, but an email from an unverified account does not matter, since the lawyers can argue no one in the management team said it.

I hope next week everything works out, but I have my doubts.  I

AEGY

This is the email I sent to Mr Benz and never got a response:

Jeff
I am holding 2.1 million of AEGY and getting very frustrated.  All I see is it going down everyday.  I wished I had sold when it was .008, but I believed in what the company was doing, so now I have a loss.  All we have gotten there was going to be a merger and we get Doug every week.  It would be nice to get an update if the merger is still happening, if financials are coming out, anything or was that just a scam to steal our money and a way for AEGY to see shares. Lots of frustrated people that believe in the company.

Maybe on Monday when financials are due we might get an answer.  I am thinking the gmail account was a scam.

AEGY

I am starting to get frustrated with AEGY.  I had been reading both sides of the blogs on the company and I thought the merger with SKTO would be great and this company would do something, but since the merger announcement all it has done is continue its slide from .008 to .0022 today.  The volume is drying up, and the price dropping everyday.

What has management done to stop the slide, absolutely nothing.

I have read how responsive management is to answering an email, and I send one to Jeff Benz and no reply. I have started to have doubts on how good everything is, and I emailed Jeff since Ronald Reagan said it best is to "Trust but Verify."  They are losing my trust quickly.  IBM would not let their share price decline more than 80% without a comment.

On their website they will show products that have sold out, but that could be one unit of the product or 1,000 units.

It will be interested to see what they report on Monday and if they report any financials.  If there is not any word on Monday or they are late, I am going to cut my losses with AEGY.  I could be very wrong, since they could be selling product and the new corporation is in Colorado where perhaps they are going to expand.  It would just be nice if they were not so silent on what is going on.

They also tend to release any PRs after the market close or on Fridays after market close, that does not do much to sit all weekend.

Come on AEGY and lets get this moving north.

AEGY and GDSM

I currently like these two stocks:
AEGY-The announced that they will be merging with SKTO the end of April.  AEGY has the pharmajanes.com website where in CA medical marijuana users can place orders for products.   The acquisition company that they formed is registered in CO and tonight CO announced that the CO lawmakers approved marijuana banking.  This might have been a coincidence that they are going to be a CA and CO business, but I am never sure of coincidence.  It has been beat down lately and today saw over a 20% drop before it recovered to 4.3% down.  It is trading at .0022.  I think there is potential and they should file their annual report on the 15th May.

GDSM-This is really my favorite stock right now.  The have developed the mj-xchange.com website.  It is a social networking site and more that is listing businesses, games, and more. The major problem has been how to bank without breaking Federal Banking Laws.  I think this company has potential to become a major player in the MJ business. They are trading at .0008. They announced today:

WILTON, CT--(Marketwired - May 7, 2014) - Gold Coast Mining Corp. (OTC Pink: GDSM) (PINKSHEETS: GDSM) is set to launch another new product offering, MJ-Merchant.

Following up on the tremendous success of MJ-Exchange, Gold Coast is extremely excited to launch MJ-Merchant. Merchant bank card services have long been unavailable to many participants in the MJ industry, particularly dispensaries. Purchases have been in cash, bitcoins, tokens, etc. Gold Coast has broken through this barrier and will now offer merchant bank card services to qualified participants, including dispensaries. These companies will now be able to accept Visa, MasterCard, Discover and American Express.

MJ-Merchant will be live next week and interested companies can apply on-line. As part of Gold Coast's agreement with its financial partner, the Company will participate in the revenues from each established account on an ongoing basis. Additionally, as part of our marketing campaign, the Company will be contacting companies directly.

Michael Shea, CEO stated, "The launch of MJ-Merchant is another avenue for the Company to add revenue and profit. As the industry grows, it needs infrastructure, and I believe we are providing a valuable piece in this offering. I look forward to rolling out additional revenue generating products in the very near future."