In a filing made with the Securities and Exchange Commission, AGEL also announced certain actions that were approved by written consent of the new controlling shareholders, including:
the reverse stock split and to change the name of AGEL to "WOW
The purchase of all the shares of AGEL was also approved by the Indiana Gaming Commission at a hearing held on August 21, 2000, subject to Commission staff review and approval of the final documents between AGEL and RSR, LLC on or before August 31, 2000.
Shares of AGEL are traded on the OTC Bulletin Board under the symbol "AGEL".
Promptly upon a closing of the stock sale, the Company anticipates completing a reverse merger whereby the Company will become a wholly-owned subsidiary of AGEL
The Purchaser delivered to the AGEL
Group a security agreement, preferred ship mortgage and guaranty by President Casinos, Inc.