Alternative Energy (fka AENS)

[Lochan]

I think they have done quite well for a company that has only existed for one year. I know companies that have taken a year just to get their website up and running.

When you're dealing with government agencies, expect delays. They have all of the required permits for two factories already and a third is in the works. Always allow extra time for a project that requires government approval at different levels.

I think we have known all along that financing would be a combination of debt and equity. I believe each factory will cost about $60M to construct. We don't know how many shares will be issued or when, only the number of shares that will be authorized. If the share price drops due to shareholder negativity, the company will have to issue more shares to raise the capital it requires for construction.

The "indemnification of officers" clause has become quite popular with corporations and is being voted on at their general meetings of shareholders. It is not specific to AENS.

The burning of natural gas as opposed to coal is environmentally more friendly and it was noted in the last 10-QSB as the fuel of choice for AENS ethanol factories. Personally, I think it's a good thing. The company will find other ways to save money.