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I honestly don't see how getting bought out at 50 cents a share is a bad thing at .41 cents.
It is...
IMHO this is definately an uphill battle. A lot of negatives for the company. BUT their is a silver lining.
1.) This company still has a good amount of money in the bank and they are monitoring it carefully.
2.) Plant construction cost are probably going down each and every day that ethanol plant construction stalls.
3.) They recently said that they were working on a possible $60 million dollar government loan.
4.) No insiders have bought in a while, but none have sold, and they still own 32% of the shares.
5.) We should get a quarterly update in a few weeks, hopefully.
ALL OF THIS is made in my humble opinion. Thats all.
Thoughts?
I mean...
Throw us a bone, people.
Another week and no news, I wish they would give the shareholders something...
Interesting thoughts, Coin...
I think that it's good that these guys are in a comfortable cash position and can afford to research any and all cost saving and funding possibilities in order to *hopefully* produce two solid ethanol facilities worth building for a decent price. Verasun already proved what happens with ethanol companies rush too quickly to start building ethanol facilities and get caught in a market slump.
Article on the current ethanol situation, pretty optimistic, but still highlights the current problems right now in the industry.
http://desmoinesregister.com/apps/pbcs.dll/article?AID=/20071013/NEWS/710130327/-1/SPORTS01
I checked EHNX volume today as well...
Somebody dumped a HUGE amount of stock today as well.
Something to consider as well...
At the clip that these guys are spending money, they may have enough to keep operating for another 6-7 months.
For all the EHNX people out there, i ask you to look at how many people EHNX has hired vs. AENS AND the salaries that each are being paid.
No comparison.
Good!
I hope Wall St. beats down this market so badly that ethanol plant builders are begging these guys to built at a cost that is actually REASONABLE.
WOW!
Somebody must have dumped a whole lotta shares today...
As long as it's no insiders, im O.K.
If I had a guess...
Just a guess mind you, the credit market for ethanol plant funding is alive, but the terms of the loans are probably shit right now. I think AENS is just going to ride it out for a few months until the credit markets become better, excess supply is relieved from the market, etc. and this will give them time to obtain the industrial park permits for the first 2 plants and, hopefully, eliminate $120 billion dollars they have to borrow from banks.
Thoughts?
Stalled...
*Sigh*
We need some news, Beemer
Update to the AENS Website:
http://www.aensi.com/plant_sites.htm
So it seems like AENS is really pushing forward on the first 2 plant sites. Hopefully, if they can secure the initial capital for the first two and get the ball rolling, we can see a third shortly after.
Time will tell.
"There is no security on this earth. Only opportunity"
Douglas Macarthur
I would like some thoughts on recent insider buying...
Lee Blank purchaed 15,000 shares last Friday on the open market. Does anybody else see this as a further validation of the stability and eventual growth of this company?
In RE Lochan: Drop today
I noticed in the beginning of the day a HUGE volume. If I had a guess, somebody may have just been trying to cover themselves today and somebody may have just sold off a huge block at whatever price they could get for cash.
I don't understand it. No news came out. No Insiders filed to sell shares today (to my knowledge, but given the history of this company, I doubt it and will hopefully be proven right in a few days).
I think it was just a sell-off and panic.
Thoughts?
MAJOR INSIDER BUYING ALERT:
2007-08-10-
-2007-08-13
Purchase 2007-08-14
09:47 am
ALTERNATIVE ENERGY SOURCES INC
AENS.OB
WARD JOHN ANTHONY
(Exec. VP & Dir. of Operations)
27,934 $0.82 $22,906 242,934
(Direct) View
27,934 Shares purchased during these days...largest share acquisition by John Anthony Ward...any thoughts???
http://biz.yahoo.com/e/070809/aens.ob10qsb.html
Any thoughts on the latest 10qsb?
It seems to me that the goal is now to secure financing for the first 2 plants and put the 3rd one on hold until they can break ground. Disappointing, but 2 out of 3 wouldn't be bad.
Anybody want to take a stab at the dilution part of this equation and how "bad" the dilution will be?
Some more thoughts on the proxy situation...
(This post is not directed to coin_in_fountain, but to everybody on this board, criticism and correction is welcomed)
"The form shows that Stinson and Gage surrendered their shares at the time of the reverse merger and Mark and Lee collectively received roughly 19.2 million shares between the two of them. Soo....
With John Anthony Ward included, they would only have 33% ownership, not 55% insider ownership as yahoo would suggest."
Mark Beemer, Lee Blank, and John Anthony Ward ARE THE INSIDERS THATS IT!
Yahoo information is screwed up because they are still counting the Bruce Gage and Andrew Stinson shares EVEN THOUGH THEY HAVE ALREADY SURRENDERED THEIR SHARES. The last statement of ownership for these two gentlemen, who have nothing to do with AENS anymore, are from shorly before they gave up their shares.
You can be 100% sure that John Anthony Ward, Lee Blank, and Mark Beemer (I.E. 33% of the shares outstanding) voted for the measures.
The rest of the votes haven't come in because, quite frankly the company they hired and trusted to get this shareholder information out to the public was very lousy (I received my material only a few days before the vote), because millions of shares are probably held by overseas investors (this is just a guess), because people just haven't filled out their proxy statements, or because people are away on vacation.
They'll get the 50% needed this time because they have to and they know it.
INSIDER BUYING ALERT:
2007-08-01
Purchase 2007-08-06 4:27 pm
ALTERNATIVE ENERGY SOURCES INC
AENS.OB
WARD JOHN ANTHONY
(Exec. VP & Dir. of Operations)
1,700 $0.85 $1,445 215,000 (Direct)
It's not much, but it's def. something
Well, it looks like yahoo information has let us down again...
Im a GOOG fan myself ;)
http://alternativeenergy.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4689268&Type=HTML
It's a schedule 14 from AES from Oct. 2006.
The form shows that Stinson and Gage surrendered their shares at the time of the reverse merger and Mark and Lee collectively received roughly 19.2 million shares between the two of them. Soo....
With John Anthony Ward included, they would only have 33% ownership, not 55% insider ownership as yahoo would suggest.
You can view this two ways: 1.) Insiders didn't own as much as you thought OR 2.) Now we are not under the suspicion that we have millions of shares concentrated in the hands of 2 people who are no longer with AES and could dump millions of shares at an instant.
Thoughts?
A Few thoughts on your concerns:
Insiders (22.5M):
Beemer: 7.9M
Stinson: 7.0 M
Blank: 5.1M
Gage: 2.3 M
Ward: .2M
To me, it does seem rather strange that they would own 55% of the shares outstanding and not have the capability to proceed with business. Here's the thing....
The two shareholders of AES before the Beemer merger were Stinson & Gage. Stinson & Gage received no positions in AES once the company merged. I honestly don't know how they voted or what's the story with them. I do believe (just a strong guess) that all of the current AES executives are on the same page.
Im going to take a guess and say that they had problems with overseas shares.
Any thoughts?
Has Ethanol Really caused food prices to increase?
Here is an interesting & short (about 1 1/2 minutes long) that argues this is not the case.
http://media.medialink.com/WebNR.aspx?story=33662
More Insider Trading:
2007-07-24
Purchase 2007-07-25 6:03 pm
ALTERNATIVE ENERGY SOURCES INC
AENS.OB
WARD JOHN ANTHONY
(Exec. VP & Dir. of Operations)
3,300 $0.85 $2,805
If this company was having any major problems/setbacks that could de-rail this project seeing any hope of profit, why would
John Anthony Ward continue to purchase more shares EVEN AFTER the announcement of the recent emergency stock meeting? What sense would it make to literally throw money at a failing company? He did not exercise stock options with this purchase; this is money coming from his pocket and buying public stock.
I mean, If anybody can explain this filing any other way, please let me know.
RE: Ethanol Prices Falling "Like a Rock"
Not sure about that either. Let's say gasoline prices stay the same and ethanol prices do end up falling dramatically due to increased supplies. What would that mean?
That would mean that, more than likely, corn futures would ALSO drop since many corn farmers (although I do not have exact figures) planted more corn for the purpose of using it as an energy crop for ethanol usage.
A glut in the supply of ethanol would also mean that ethanol would be sold even cheaper at the pump that gasoline, which may encourage hundreds of thousands (if not millions) of people to prefer buying E85 ethanol for use in their cars.
Roughly 50% of U.S. gasoline is STILL not blended with any ethanol in it whatsoever. Pressure would be put on these states by big corn/ethanol to start blending gasoline with the ethanol additive.
And, let's not forget dry distilled grains, which gives millions of dollars worth of revenue to ethanol plants as well.
A lot of negative/positive things can happen within the ethanol industry even when a huge glut hits the market. I am a "glass half full" kinda guy, I must admit, but we, as investors, need to look at the big picture here.
Any corrections to this, any thoughts?
A thought on this situation:
I honestly DONT think that AENS is in that bad of shape. Yes, as this point the plans have probably changed, but I am looking at this based on an insider trading perspective.
Amount of shares sold by all major insiders since inception up until this date: 0
Amount of shares sold by Andrew Stinson & Bruce Gage (correct me if I am wrong, but they were the original founders of AENS and no longer work with AENS under Beemer): 0
Additionally, up until 3 weeks ago, John Anthony Ward just kept adding to his position in the company. The current executives have continued to buy up additional shares, month after month, seemingly regardless of the price.
I would appreciate some feedback on this post. If any of this information is incorrect, please correct it.
On Presidential Candidates:
I have heard every single serious candidate support ethanol development/expansion (McCain & Hillary now support ethanol, Obama always has and also has co-sponsored energy legislation, Romney supports it, Giuliani does, John Edwards has called for something in the neighborhood of 60 billion gallons by 2025).
The fact is that ethanol production is big business in critical swing states. I have not seen convincing evidence that shows that any major candidate is anti-ethanol(and, if anybody has any, I would appreciate them posting it here).
Question:
Since we've been having a few slow news days, I would like to get some thoughts on this video...
http://www.ethanol.org/video/
It argues, along with several other websites, that the "corrosive effects of E85" are actually a myth and engines made after the mid 80's can handle E85 just fine. They argue that E85 ethanol/gas blend does have a corrosive effect, but so does regular gasoline (because, to the surprise of many, gasoline DOES have water in it).
Some thoughts?
"Obviously, these facilities cannot be leveraged at 100% like the power plants of the 1990’s because of limitations on offtake agreements."
What he is trying to state is the obvious. These facilities cannot be leveraged at 100% and (mind you, this is just a guess) neither can any other ethanol plant at this stage of the game for the fundamental reason that Ethanol is NOT a necessity utility with a guaranteed market.
In the 80's and 90's, when the utility plants he was referring to were built, many companies can and did receive 100% leverage with financing because our physical population was growing, people were (and still are) purchasing second homes, moving into bigger houses, and energy plants were necessary for this expanded grid (basically, at that time, they were seen as a "sure thing" investment for banks).
One can also assume that these guy's have enough common sense NOT to release all 575 million shares at once, either. If i had a guess (mind you, just a guess), they would release these shares as the future plants came online and more institution became interested in purchasing large blocks of shares (This is probably where Wachovia as financial advisors would come into play).
People on this board really need to understand that the people who have the MOST to gain/lose with this company are its founders.
If I am Mark Beemer, and I have 8 million shares of a company, why would I release 575 million more shares instantly in the hopes that somebody will buy them if they are not even willing to pay 1 dollar for a fraction of the float now? It makes no sense whatsoever. They are the ones who hold millions of shares that will be worthless if these plans don't come together. Let's try to have a little perspective on these matters...
This message is NOT directed at anybody in particular, and, as a shareholder, im just as unhappy that the plans haven't come together on the original time frame. But this company is hiring more talent on a monthly basis and dealing with excellent law firms/commodity managers/etc. Let's just give this one a little time and not jump to conclusions too quickly.
Gotta love the local articles:
http://www.zwire.com/site/news.cfm?newsid=18574792&BRD=1842&PAG=461&dept_id=335645&r...
enjoy!
RE: Shares going to .60's
As a certain annoying CNBC stocks salesman would say:
Back up the truck!
RE: on increased shares
I don't have a problem with increased shares, as long as we either have:
1.) An asset backing the shares up (I.E. Loans)
OR
2.) Buyers lined up to take on the additional shares
I have full confidence in them, like most, I'm just trying to figure this out. But these guy's haven't given me a reason not to trust them.
Your missing my point.
They have to have something to back up issuing stocks. If they just issue 575 million shares with nothing to back it up, that means all of our shares are reduced to fractions of a penny. Correct?
Well they wouldn't/couldn't just issue 575 million shares & 100 million preferred shares out of thin air.
Wouldn't they have to have an underwriter & a bank loan to do this?
Go To AENSI.COM under SEC filings for DEF 14A.
Insider Buying:
2007-06-26-
-2007-06-27
Purchase 2007-07-02
09:17 am ALTERNATIVE ENERGY SOURCES INC AENS.OB WARD JOHN ANTHONY
(Exec. VP & Dir. of Operations) 4,150 Shares
Purchase Price: $0.82
Total Spent: $3,403
Not much, but def. insider buying going on here.
A thought for Future Ethanol supply.....
Plastics? You betcha!
http://www.abcmoney.co.uk/news/22200791802.htm
I wanted to get some thoughs/info on Dried Distiler's Grains.
I understand that the price of it follows the increase/decrease in corn prices.
I have also heard prices for DDG ranging from $80 to $120.
www.aensi.com shows that each 110 gallon plant will produce 500,000 tons of DDG.
When each is fully operational, that equates to roughly 1.5 million tons of DDG.
Given the range of $80 to $120.....that would be an estimated......$120 million to $180 million in revenue before expenses.
Thoughts, anyone?
Coin_In_Fountain:
Nice DD...But I'll throw you another hint
Florida is the 3rd Most "gas guzzling" state right now with a population that continues to grow and CONTINUES TO REFUSE TO USE PUBLIC TRANSPORTATION.
Guess how much ethanol we currently have in our gas supply....
I noticed that Alternative Energy Sources, Inc. has a Google "sponsored link". Good stuff.
Lol, sorry guys, slow news day apparently