AOOR..0.99..ethanol play...here is some pertinent information here...
from the AOOR 8K - The Company has acquired an interest in Earth Biofuels (EBOF). Earth Biofuels (EBOF) produces and distributed bio-diesel fuel. Earth Biofuels assets consist primarily of a biodiesel refinery and refueling station. In response to soaring fuel costs, and to avail itself of government subsidies and tax incentives, the Company has pursued a strategy of developing renewable forms of energy, such as bio diesel. Consequently, on February 25, 2005 the Company acquired a 50% interest in Earth Biofuels, a Mississippi-based company and on August 19, 2005, acquired an additional 30% ownership interest. On September 13, 2005, the Company executed a share exchange with Meadows Springs, Inc. whereby the Company contributed its 80% interest in Earth Biofuels in exchange for 21,000,000 shares of the common stock of Meadows Springs. As a consequence of the share exchange the Company maintains a controlling interest in Meadows Springs of approximately 89% and Biofuels remains an indirect subsidiary of the Company.
As of April 13, 2006, the Company owned 129,381,182 shares of common stock of Earth Biofuels representing a 66.49% majority ownership. The Company recorded no minority interest due to the negative equity of Earth Biofuels at December 31, 2005.
EBOF is today trading at 52 week high of $5.20/share.
AOOR's stake in EBOF is worth $671 MILLION at this point and is therefore way undervalued.
AOOR could more than double from here imho!
PP
