Ann: Extension of Voluntary Suspension, page-2

So is the market fully informed? Must be ??

"The Company is not aware of any other information necessary to inform the market about the suspension."

Is the information about sale of parts of the business not relevant?

From jcurve

Form 8-K Alterola Biotech Inc.Current report, items 1.01, 5.02, and 9.01https://sec.report/Document/0001663577-19-000353/

On May 27, 2019, the Company entered into an agreement to acquire Algae Energy Inc. (“Algae Energy”) from Affinity Health and Energy Limited (“AEB”). The agreement was amended inJune 2019.

Algae Energy operates an algae production facility in Cumming, Georgia. Under the agreement, the Company shall pay $100,000 in cash as the purchase price for 100% of the shares ofAEB.

The Company shall also acquire a license from AEB for algae production technology and intellectual property in North America. Under the agreement, the consideration for this licenseshall be the forgiveness of an amount equal to the balance of loans owed by AEB to Algae Energy. The balance of these loans is $500,000.

On May 27, 2019, the Company entered into an agreement to acquire Algae Energy Inc. (“Algae Energy”) from Affinity Health and Energy Limited (“AEB”). The agreement was amended inJune 2019.

Algae Energy operates an algae production facility in Cumming, Georgia. Under the agreement, the Company shall pay $100,000 in cash as the purchase price for 100% of the shares ofAEB.

The Company shall also acquire a license from AEB for algae production technology and intellectual property in North America. Under the agreement, the consideration for this licenseshall be the forgiveness of an amount equal to the balance of loans owed by AEB to Algae Energy. The balance of these loans is $500,000.

The agreements contains conditions to close, as follows:

• All necessary governmental and third party consents, authorizations and approvals;
• AEB obtaining shareholder approval for the transactions contemplated by the agreement;
• The parties entering into an exclusive sub-license agreement for the algae production technology and intellectual property;
• The parties entering into a standard form royalty agreement in respect of a 20% net royalty payable to AEB in respect of the sale and exploitation of human algae nutraceuticalproducts in North America;
• The parties entering into a standard form royalty agreement in respect of a 2% net royalty payable to AEB on commercial sales and licensing of any new IP developed by Algae Energypost-closing which uses both the algae IP and any cannabis products;
• AEB obtaining a release of the Algae Energy shares from any security holder so the shares may be sold unencumbered;
• The Company and Algae Energy providing to AEB a full and final release on the loans made by Algae Energy to AEB; and
• The Company and Algae Energy providing to AEB a full and final release from any and all obligations relative to the contracts with Reliance Industries in India.

The agreement states that the transactions shall close by August 15, 2019 or a date mutually agreeable to the parties. Upon closing, the current officers and directors of theCompany shall resign and nominees of AEB shall be appointed as officers and directors of the Company.

so last quarterly this was announced 1/8

It is talking about activities up to june 30


"Algae Division Overview
ProductionThe Company has now developed the proprietary algae technology for nutraceuticals to the pointwhere negotiations are being undertaken to issue a sub-licence in North America. Discussionscontinue in this regard however the Company is targeting a cash payment and ongoing royalties forand from the sub-licence. These discussions include the possible sale of the Atlanta based productdevelopment plant.As a result of ceasing production the ongoing costs at the Atlanta facility have been significantlyreduced. The Company will update the market accordingly should any of these possibilities materiallyprogress to the point where they become an announceable event.

Then Yesterday you have the fact taht in May 2019 they entered an agreement, amended it in June.

Item 1.01 Entry into a Material Definitive Agreement

On May 27, 2019, the Company entered into an agreement to acquire Algae EnergyInc. ("Algae Energy") from Affinity Health and Energy Limited ("AEB"). Theagreement was amended in June 2019.

Algae Energy operates an algae production facility in Cumming, Georgia. Underthe agreement, the Company shall pay $100,000 in cash as the purchase price for100% of the shares of AEB.

The Company shall also acquire a license from AEB for algae productiontechnology and intellectual property in North America. Under the agreement, theconsideration for this license shall be the forgiveness of an amount equal tothe balance of loans owed by AEB to Algae Energy. The balance of these loans is$500,000.


What can you say about shareholders being mushrooms.



The other point is that the wording it appears that the algae energy subsidiary owns shares in AEB ( how many) ? and has loaned $500k to AEB.

So did the subsiduary borrow or gear purchase of AEB shares? Where did the funds initially come from? When were they issued?

Does anyone remember when $ came into Algae energy ($500K) or greater or see on accounts that there was a loan in place? How much $ in total came into Algae energy and where did it all go and was it all shown in accounts. Were staff being paid by Algae energy or AEB?


"

AEB obtaining a release of the Algae Energy shares from any security holder     so the shares may be sold unencumbered;

"
Who is security holder . Is it algae energy? If so were shares issued to it ( of did they buy them , did they gear them)

This looks like bundling anything valuable into a subsidiary, having income into sub and loaning to main company and then releasing that subsidiary ( donating $500k loan) ?
Now if it is wholly owned why not cancel the shares it has issued internally ? Why would a 100% owned sub need security?


So Peter Maddocks was a 4.74% shareholder in AEB via London Pharma holdings Ltd. He seems to be in control of gaining access to all of the algae assets . Pretty impressive achievement for a minor holder!!!??? and IMO can't have done this without support of other holders and also management of algae plant etc . No idea if plant etc is actually worth anything but they wanted it and now have it so I guess they will try a internal recap , restart plant ( hmm family get jobs?) refresh agreements and pump on OTCBB. Who knows if it is a real business with prospects but it has been made to look worthless IMO including recent shutdown?

So AEB still hold cannabis stuff???