Alternative Energy (fka AENS)

[coin_in_fountain]

I think this company is dead. It looks like their only revenue stream with their "potential acquiror" has dried up, Wilner resigned from the board, no deal on the horizon, and they have little money in the bank. Their only "significant" assets now seem to be those plans & permits for the Ogden ethanol plant, but most new ethanol plant construction around the country has been halted, so those assets seem worthless. At this point I challenge anybody to find any shareholder value here, existing or potential.


http://alternativeenergy.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5751242&Type=HTML

"Termination of a Material Definitive Agreement

On February 15, 2008, Alternative Energy Sources, Inc. (the “Company”) received notice of the termination of the Management Services Agreement dated January 9, 2008, between the Company and a potential acquiror (the “Agreement”). The termination is effective at the end of March 2008.

As previously announced, on January 9, 2008 the Company entered into the Agreement with the potential acquiror pursuant to which the Company provides a range of services to the potential acquiror, as outlined in the Agreement, for a fee of $125,000 per month during the term of the Agreement.
The Company has not entered into an agreement with the potential acquiror providing for the purchase of the Company, and no assurance can be given that any such agreement will be executed. The Company does not intend to provide updates or make any further comment until the outcome of the process is determined or until there are significant developments.