Alternative Energy (fka AENS)

[Lochan]

The language of the 10-QSB is that of a start-up developmental enterprise. Speaking with Mr. Blank, I was assured that there are banks ready to finance the business's plan to construct ethanol plants. The 10-QSB gives the figure of $760M needed to realize the construction of two plants and we know that will be through a combination of debt and equity.The degree of dilution is not yet known, probably not even to management.

It would not surprise me to see the company go ahead with the first plant and also acquire an existing plant before the grand opening of plant number one. Mr. Blank told me that groundbreaking for plant number one would take place this fall. If that doesn't happen we may see investors bail.