Just to clarify,Don isn’t the current CEO of AEHI – hasn’t been for some time. He hasn’t had any involvement with the company and holds no shares, per docs he gave them all away, the majority to a church.
Per a doc given to the court, a report put together by ENERCON, the company has a current values (as in today) between $42 & $68mil based solely on its existing permits. So..the question now is does the company pull through? They got a $15mil fine, $2mil in the bank (or soon to be unfrozen.. maybe. Who the f knows with the Sec and this Judge) and likely a substantial amt in unpaid expenses. The curious thing is with whoever they’re talking to regarding the reactor (I don’t know for sure if it’s Korea or not) but from the sounds of it, the party providing the reactor is highly incentivized to break in to the US market, to a degree they are willing to assist in funding to a large degree. There may be some other significant variables I’m missing here, but if they’re working with a partner that is willing to help fund a significant portion of $1bil + project, maybe they’re also willing to help out with ~$20mil legal fees/fines as well.
Oh, that’ll be $38.50 for the fees I had to pay for Pacer ;)
