The "for sale" committee is comprised of 2 board members.
The writing has been on the wall for a while for AENS. They obviously could not let us know that this thing was sinking unless they wanted to end up in jail. A local ethanol facility close to me recently eliminated shifts as a result of the market. Its industry wide. Ethanol is not the answer, but like i said, 18 months ago would = $$$$$$ for beemer and crew.
Of the 7 employees, 1 lives in Ireland (ward) and who knows what happens to him. CFO doesnt need a job, he rides off into the sunset. Beemer & Blank, Voss and the other guy, along with the 1 clerical staff go and work for the new buyer. If they are lucky.
None of these guys threw in a huge amount of cash into this thing. 50k at most for beemer and blank, but I doubt that much. They did a hell of a job of raising 12million thru the private placement, many of which came from 1 investor and his cronies. But dont let them fool you, neither are/were in the position to throw in a bunch of cash to get this thing going. And I would guess any stock bought after trading began was via compensation from the 12 million in working capital. According to an adm friend of mine, Beemer was let go by adm and went to work for a company which isnt very far from me called penford. Blank had hit the proverbial ceiling at adm. neither is certainly not rich, but obviously sharp, as they raised 12mil to get this thing going.
I think they tell us .50 to keep us in it. realistically, .03 if that.