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AVRW: Shares cancelled as of 7/1/15 & converted into the right to receive consideration for each issued & outstanding share. (i) 1.25 shares of the Company’s non-voting common stock, plus cash in lieu of fractional shares, (ii)1.25 shares of the Company’s common stock plus cash in lieu of fractional shares, or (iii) a combination of Non-Voting Company Common Stock & Company Common Stock converted in accordance with the Exchange Ratio.
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
The AVRW Ask just moved up to $25/share.
Another big day coming today? $190M buyout is pretty big for AVRW.
The whole industry screwed investors, imo. Look at a five year chart of PEIX- need to go to $200+ for some to recoup the declining shareholder value. AVR- I lost my entire investment of the bankruptcy
Pacific Ethanol to Buy Aventine for $190 Million in Stock
Aventine Will Be Operated As Pacific-Ethanol's Wholly-Owned Subsidiary
AVRW and PEIX MERGER AGREEMENT!!!!
HUGE-NEWS: Pacific-Ethanol Enters-Into Merger-Agreement With Aventine Renewable Energy Holdings, Inc., Expanding Its Unique Production and Marketing Advantages Into New Markets
Guess I was wrong...
timhyma: I hadn't seen U on the motherboard in a long time, and was surprised to see you were on this board a few years ago. A familiar "face" in an unfamiliar place! Regards.
I don't- haven't followed it in four years. The way they screwed over stock holders left a bad taste.
Currently waiting for my SYNM shares to convert to REGI- only alternative energy stock I own now. My investment strategy changed a few years ago
timhyma: Do U know whether they have the same CEO? The current CEO's credentials are first class. I don't know whether you read the VM energy board, but ethanol looks really good as an investment. The crush spread between corn prices and ethanol prices is very good. I started a position in this stock last wek.
Yea- I lost my entire investment when they went BK several years ago.
Tim: Hello! Did U give up on this stock? I recently discovered it and started a position. I think the CEO is high quality and I like the fact that they are converting two plants to ngas energy generation. And the OS count is a dream.
It isn't a pure play on ethanol, but it is close enough, imo.
Regards.
AVRW one for 50 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/21/2012&mkt_ctg=NON-OTCBB
Aventine Renewable Energy Holdings, Inc. Sets Date and Time for Third Quarter 2011 Financial Results
| 11:21 AM |
10-31-2011 OTC and PINK News.
DALLAS, Oct. 31, 2011 (GLOBE NEWSWIRE) -- Aventine Renewable Energy Holdings, Inc. (OTCBB:AVRW), a leading producer of clean renewable energy, announced today that it will be releasing its third quarter 2011 earnings on Tuesday, November 8, 2011, after the market closes.
Related News: Similar Content
http://www.globenewswire.com/newsroom/news.html?ref=rss&d=236549#rssowlmlink
10-31-2011 OTC and PINK News.
I hear they are adding Corn Oil Extraction, I think GERS GreenShift is the choice as it is the only legal way and the best performing.
GERS and Aventine? Will they sign with GreenShift for Corn Oil Extraction?
Hey ...you all can call me stupid, but the exercise on the warrant was 40.94...for each warrant exercised one share will be issued...ok and today if i exerecised them today can i exercise them at 27?? 23?? 5?? at whatever price they settle at?? or no matter what price they are on the stock exchange i still pay $40.94???
<<<PLEASE READ IMPORTANT!
Everyone who has these worthless warrants needs to write a letter to the court before it is too late.
When these guys steal 100% of your $$$$, you will only have yourself to blame. A short letter takes 20 minutes, and a couple of bucks to mail using certified mail.
TOGETHER WE CAN STOP THESE THIEVES!
Here are the addresses and suggestions on what to include in the letter.>>>
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_A/threadview?m=tm&bn=107879&tid=342&mid=343&tof=3&rt=2&frt=2&off=1
I SENT A LETTER. THE LAST 2 LETTERS FROM STOCKHOLDERS ARE "JOINDERS" TO UST OBJECTION. MAYBE UST IS GETTING READY TO GO AFTER FRAUD COMMITTED BY THE 2 HEDGE FUNDS AND HOULIHAN.
http://www.aventineinfo.com/1009_11214.pdf
http://www.aventineinfo.com/1010_11214.pdf
WRITE SO THE JUDGE KNOWS WE UNDERSTAND THE LAW WAS BROKEN AND WE GOT SCREWED BECAUSE OF BACKDOOR DEALINGS
GLTA
PLEASE READ IMPORTANT!
Everyone who has these worthless warrants needs to write a letter to the court before it is too late.
When these guys steal 100% of your $$$$, you will only have yourself to blame. A short letter takes 20 minutes, and a couple of bucks to mail using certified mail.
TOGETHER WE CAN STOP THESE THIEVES!
Here are the addresses and suggestions on what to include in the letter.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_A/threadview?m=tm&bn=107879&tid=342&mid=343&tof=3&rt=2&frt=2&off=1
WSJ article yesterday about AVR advisors conflicts of interest with hedge fund bondholders
http://blogs.wsj.com/bankruptcy/2010/05/28/houlihan-lokey-challenged-over-disclosure-in-aventine-case/
http://blogs.wsj.com/bankruptcy/2010/05/28/houlihan-lokey-challenged-over-disclosure-in-aventine-case/tab/comments/
GLTA
AVR's restructuring advisor has big conflicts with hedge funds who stole our stock from us. US Trustee is making the conflict case for us by objecting to the advisors fees.
http://www.aventineinfo.com/1004_11214.pdf
If you have warrants, write to BK judge and complain about the conflict and tainted POR the advisor put together to benefit their hedge fund/bondholder buddys and screw us. If enough stockholders write, the BK court might be forced to redo the POR.
Addresses to send complaint letter to at this Yahoo page
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_A/threadview?m=tm&bn=107879&tid=342&mid=343&tof=1&rt=2&frt=1&off=1
GLTA
Email from Scottrade:
Re. stock symbol / cusip - AREWT# / 05356X122:
The above-listed stock is part of a non-mandatory reorganization or tender offer, which currently expires on 03/13/2015.
Where to find more information:
For offers initiated by the company, information can often be found on the company's Web site.
If the offer was initiated by a third party, additional information can be obtained by contacting your local branch office.
For mini-tender offers, the US Securities and Exchange Commission has urged caution. To review an SEC educational piece entitled "Mini-Tender Offers: Tips for Investors," please go to http://www.sec.gov/investor/pubs/minitend.htm
If you decide to participate in this offer, you will need to inform your local Scottrade branch office no later than 10 a.m. ET on the expiration date listed above, and a $25 fee will be charged to your account. These shares must then remain in your account until the reorg/tender takes place. Please note that the expiration date for such actions is often extended and terms of the offer are subject to change.
Scottrade is not endorsing or recommending the offer, and the terms have not been reviewed to determine if accepting the offer would be in your best interest. If you do not wish to participate in this offer, notification is not required and Scottrade will take no action on your behalf.
Please do not reply to this message - contact your local branch office for assistance.
Aventine Renewable Energy Holdings, Inc. (the “Company”), through its wholly-owned subsidiaries Aventine Renewable Energy — Aurora West, LLC and Aventine Renewable Energy — Mt. Vernon, LLC, entered into separate, but substantially identical short form contracts (the “Short Form Contracts”) with Fagen, Inc. (“Fagen”) to construct ethanol facilities in Aurora, Nebraska (the “Aurora Agreement”) and Mount Vernon, Indiana (the “Mt. Vernon Agreement”) (the “Ethanol Facilities”). The Company entered into the Aurora Agreement on April 23, 2010, and the Mt. Vernon Agreement on May 4, 2010. Under the terms of the Short Form Contracts, Fagen will provide labor, construction equipment and construction consumables necessary to complete the Ethanol Facilities in accordance with the Company’s design and specifications. The targeted cost of completion under the Aurora Agreement is approximately $25.1 million. The targeted cost of completion under the Mt. Vernon Agreement is approximately $21.4 million. The Company may order changes in the work done under the Short Form Contracts, and, consequently, the contract sums may be adjusted accordingly.
The Short Form Contracts were entered into with the express intention that the contracts did not reflect the full and final agreement of the parties. The Short Form Contracts state that if the parties are unable to come to final terms as of May 10, 2010, with respect to the Aurora Agreement and as of May 17, 2010, with respect to the Mt. Vernon Agreement, then Fagen has the right to terminate the agreements and be paid for costs incurred to that date plus a fee in the amount of 15% of all costs. With regard to the Aurora Agreement, the Company and Fagen entered into a final agreement on May 14, 2010, and Fagen did not indicate its desire to require payment for costs incurred thereunder.
Fagen may terminate the respective Short Form Contract if work is stopped by any public authority for 30 days or more through no fault of Fagen or if the Company fails to pay Fagen any payment within 30 days after it is due, upon seven days’ written notice to the Company. Fagen will be entitled to request reimbursement for costs incurred under certain agreed upon circumstances. If the Company wrongfully refuses to accept such costs within seven days of receipt of Fagen’s requests, upon seven days’ written notice to the Company, Fagen may terminate the respective Short Form Contract. The Company may, upon seven days’ written notice, terminate the respective Short Form Contract if Fagen defaults in its performance of the construction or violates any of the provisions of the respective Short Form Contract.
There is no material relationship between Fagen and the Company other than as set forth above.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7264738-882-6989&type=sect&dcn=0001104659-10-029115
Any level 2 people here know if AVRW trading is suspended? Seems like nothing moving in a week. Also not finding how many shares of AVRW there are? Not getting any answers from broker either. Thanks.
GLTA
Executive Officer Employment Agreement and Equity Awards
On May 5, 2010 (the “Effective Date”), the Company and John W. Castle entered into an employment agreement (the “Castle Employment Agreement”) with a term beginning on the Effective Date and expiring on December 31, 2012. The terms of the Castle Employment Agreement provide for, among other things, (i) a base annual salary of $350,000, (ii) a guaranteed minimum 2010 bonus of $350,000, and after 2010, an annual bonus with a target of at least 100% of Mr. Castle’s base salary and an opportunity to earn an incentive bonus of up to another 100% of Mr. Castle’s base salary each year, in each case based on attainment of performance metrics as determined by the Chief Executive Officer of the Company and approved by the Board of Directors of the Company (the “Board”) or the compensation committee of the Board.
In addition, pursuant to the Castle Employment Agreement, Mr. Castle was awarded options to purchase 100,000 shares of common stock of the Company, par value $0.001 per share (the “Common Stock”), with an exercise price equal to the per share fair market value of the Common Stock on the Effective Date, as determined by the Board (the “Options”), and 25,000 restricted shares of Common Stock (the “Restricted Stock,” and together with the Options, the “Equity Awards”) granted pursuant to the Company’s 2010 Equity Incentive Plan as in effect on March 15, 2010. 50% of the Options and 50% of the Restricted Stock will vest in three equal installments on each of the first two anniversaries of the Effective Date and December 31, 2012, subject to Mr. Castle’s continuing employment with the Company. 50% of the Options and 50% of the Restricted Stock will vest subject to the attainment of reasonable performance criteria to be determined by the Board. The options will expire on the ten year anniversary of the Effective Date (the “Option Term”). Notwithstanding the foregoing, in the event of (i) a “Change of Control” (as defined in the Castle Employment Agreement) of the Company, 100% of the Equity Awards will vest, and the Options will remain exercisable for the remainder of the Option Term or (ii) a termination of Mr. Castle’s employment by the Company without “Cause,” or Mr. Castle’s resignation with “Good Reason” (each as defined in the Castle Employment Agreement), 100% of the Equity Awards will vest, and the Options will remain exercisable for a period following the date of termination of (x) 90 days following a termination by Mr. Castle for Good Reason and (y) 12 months following a termination by the Company without Cause. Any vested Options held by Mr. Castle as of his termination will remain exercisable for the applicable periods delineated in the Castle Employment Agreement.
Upon termination without Cause or for Good Reason, Mr. Castle is entitled to receive (i) any accrued but unpaid base salary, (ii) any earned but unpaid bonus, (iii) reimbursement for any business expenses, (iv) payment for his accrued but unused vacation, (v) vested accrued benefits to which Mr. Castle is entitled under the Company’s employee benefit plans and programs applicable to Mr. Castle and (vi) subject to Mr. Castle’s signing a general release of claims in the form attached to the Castle Employment Agreement (a) a pro-rata bonus for the year of termination, (b) during the contract term, a lump sum payment equal to the sum of his base salary and bonus and (c) the costs of continued health benefits for a period of 12 months. The Castle Employment Agreement also restricts Mr. Castle from (i) competing with the Company for 12 months following termination, (ii) soliciting any of the Company’s current employees for 12 months following termination and (iii) disparaging the Company for three years following termination.
Shares bought before or after the BK are all the same class of shares. All common stock to receive warrants according to POR. Warrants have a strike price of 40.96.
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&ihsymbol=&ihpagelist=Quote&idtddm=&symbol=USOTC%3AAVRW&s_ok=Get+Chart&period=2&drawmode=2&size=15&volume=1
new 5%+ holder filed today(sg13)
http://ih.advfn.com/p.php?pid=nmona&article=42639308&symbol=NO%5EAVRW
The Reporting Persons received knowledge of the percentage of their
beneficial ownership in the shares that are the subject of this Schedule 13G on
April 21, 2010. The Principals may be deemed to beneficially own an aggregate of
474,054 shares as a result of their voting and dispositive power over the
474,054 shares directly owned by DKP, DKIP, CO, DKIL, DKDOF and DKDOI. The
percentages used in this Schedule 13G are calculated based upon 6,614,980 shares
of Common Stock which the Reporting Persons believe to be issued and
outstanding.
Did anyone buy the common stock after the bankruptcy and still receive the warrants? Or did you have to own the stock prior to the bankruptcy filing to get the warrants?
good luck to us , may take some time but we may yet make some money on the warrants
I need $137 to get ahead, I was a buyer from over $8
fwiw,closed @ 44.00 today, $3.06 profit per warrant,lol
break even above $65?
i'm sure u know this already but just for general info then.
Warrant Agreement
Pursuant to the Plan and Confirmation Order, on the Effective Date, the Company entered into a Warrant Agreement (the “Warrant Agreement”) with American Stock Transfer & Trust Company, LLC, as warrant agent (the “Warrant Agent”). Pursuant to the Warrant Agreement, the Company will issue warrants to purchase an aggregate of 450,000 shares of common stock, par value $0.001 per share, of the Company (“Common Stock”), subject to adjustment for, among other things, the matters described below (the “Warrants”). The Warrants will expire on the fifth anniversary of the Effective Date or, if earlier, in connection with the consummation of a change of control of the Company (the “Expiration Date”); provided that the Company may accelerate the Expiration Date in certain circumstances as set forth in the Warrant Agreement.
Each Warrant entitles its holder to purchase one share of Common Stock at an exercise price of $40.94 (the “Exercise Price”), subject to adjustment for, among other things, the matters described below. Except as otherwise set forth in the Warrant Agreement, Warrants may be exercised at any time after issuance until the Expiration Date. Holders that elect to exercise the Warrants must do so by (i) providing written notice of such election to the Warrant Agent prior to the Expiration Date, in the form prescribed in the Warrant Agreement, (ii) surrendering to the Warrant Agent the certificate evidencing such Warrants and (iii) (x) paying the applicable exercise price for all Warrants being exercised or (y) if a change of control or similar transaction occurs where the Warrants would become exercisable for cash, in lieu of paying the Exercise
4
Price, notify the Warrant Agent that such holder elects to receive a cash payment equal to the net amount payable in such transaction with respect to the number of shares such Warrants are being exercised for in excess of the Exercise Price for all such Warrants.
Holders of the Warrants (solely in their capacity as a holder of Warrants) are not entitled to any rights as a stockholder of the Company, including, without limitation, the right to vote, receive notice of any meeting of stockholders or receive dividends, allotments or other distributions. The number of shares of Common Stock for which a Warrant is exercisable and the Exercise Price are subject to adjustment from time to time upon the occurrence of certain customary adjustment events.
In addition, upon the occurrence of certain events constituting a merger of the Company into or a consolidation of the Company with another entity, or a sale of all or substantially all of the Company’s assets, or a merger of another entity into the Company, or similar event, each holder of a Warrant will have the right to receive, upon exercise of a Warrant (if then exercisable), an amount of securities, cash or other property receivable by a holder of the number of shares of Common Stock for which a Warrant is exercisable immediately prior to such event.
The above summary of the Warrant Agreement and the Warrants is qualified in its entirety by reference to the text of the Warrant Agreement and form of warrant certificate, copies of which are attached hereto as Exhibit 4.4 to this Current Report on Form 8-K and are incorporated herein by reference.
http://www.implu.com/releases/2010/20100319/38346/implu_viewer
ok,i have 100 warrants, wasn't fair but hopefully it will work out down the road.
No clue man.
I guess they had some loose ends left open when they rammed this through.
nice, i had mine change to warrants too, any details on when they trade?
Something from the Yahoo board:
Dear IB Trader,
This account is presently holding a position in AVRNQ stock. This position is in the process of being converted into a warrant position at a conversion rate of .010353 for every one share of AVRNQ held. These warrants do not appear to be tradable but are exercisable at a price of 40.94. The underlying security for these warrants will be reflected as AVRW. This security is not actively traded at the moment and is reflecting a last trade price of approximately 40.50. This change will be effective this evening.
Although we do not expect any effective difference in excess liquidity in accounts holding the affected position, please monitor the account and manage any resulting market risk as is most appropriate.
I have the warrants now in my scottrade account.
FYI: Holding history now showing conversion ~~
Transaction History for the Past 30 Days
As of 04/13/2010, 3:30 AM ET 04/13/2010 MERGER MER FROM 05356X403#REOR M0050630200001
AVENTINE RENEWABLE ENERGY HLDGS INC WT
Cash Shares: +103.000
04/13/2010 MERGER MER PAYOUT #REOR M0050630200000
05356X403 AVENTINE RENEWABLE ENERGY HLDGS INC COM
Cash Shares: -10,000.000
Mine were converted too but I have no symbol yet.
Hopefully someone screws it up and I can sell 1:1.
Even at that point I would still feel robbed :)
my account is showing this:05356X403
AVENTINE RENEWABLE ENERGY HLDGS INC COM EXCHANGED FOR .01035362 SHARES OF CUSIP 05356X112
i havent investigated if i can trade it or not. but the AVRW is quoted @ 40.50.
meaning, if my old shares were converted, or swapped, or not thrown in the garbage are @ .41932 or so.
i may have to look into this, later, LOL
Looks like they rammed through this "restructuring" to avoid getting called out on what is essentially thievery.
Now they find loose ends and are stalling.
Good time to hit them hard with a suit IMO
New symbol: AVRW
http://finance.yahoo.com/q?s=avrw.pk
FYI to all:
This is a question I sent into scottrade:
Can you explain what this is- 4/5/2010 AVRNQ# STOCK DELIVERED OUT: 5000 SHARES OF AVRNQ#
This was the answer:
Dear Client:
Thank you for your e-mail.
The securities have been deemed worthless and have not been trading since 3/16/2010. (FINRA NOTICE DTD 3/16/10)
Those shares have been transferred out of client's accounts.
If you need further clarification, please contact your local Scottrade office for assistance. The staff in the local office will be glad to help you. You may obtain the telephone number of your local Scottrade branch office through our home page in the Branch Locator.
Sincerely,
Joe A.
National Service Center | Scottrade, Inc.
Phone: 1.800.619.SAVE
www.scottrade.com
and for curiosity, we get warrants, they entitle us to what? how many shares? a price? a chance? a wish? lol...For example, if i held 1000 CS... does it entitle to me to warrants? how many,,,??? Jesus, i should have stayed away from the Biofuel play. Some Help here in simple terms please?
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Company Overview
Aventine Renewable Energy, Inc. is a leading producer and marketer of ethanol and related by-products. Through our own production facilities, marketing alliances with other ethanol producers and our purchase and resale operations, we market and distribute ethanol to many of the leading energy companies in the U.S. In fact, last year we supplied almost 696 million gallons of the Country's ethanol needs.
We are proud to be one of the leading innovators in the renewable energy field. The products we sell help reduce our country's dependence on foreign oil, benefit the environment by reducing pollutants and improve automobile performance by increasing octane.
In addition to ethanol, we also produce and market several by-products (both bio-products and co-products), including; corn gluten feed and meal, corn germ, condensed corn distillers solubles, dried distillers grain with solubles, wet distillers grain with solubles, carbon dioxide and brewers' yeast. Aventine is also a marketer and distributor of bio diesel.
WEBSITE
http://www.aventinerei.com/
INVESTOR RELATIONS
Les Nelson
AventineIRInfo@aventinerei.com
http://www.aventinerei.com/investor.html
Share Structure:
OS: 42,970,988
REVENUE:
2008: $ 2,248,300,000.00 (Yes folks thats 2.25 billion dollars)
2007: $ 1,571,610,000.00
LOCATIONS:
PEKIN,Illinois Facility
MT. VERNON,Indiana Facility under Construction
AURORA WEST,Nebraska Facility under Construction
Recent Headlines
Daily Chart Full (6months)
Weekly Chart Full (3 Years)
Short Data (2009-Nov-A)
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