Replies to post #461 on Alternative Energy (fka AENS)

[coin_in_fountain]

When you talked to him, did he give you any idea that they had received enough positive votes to authorize those new shares?

It doesn't make sense that they have banks ready to finance the first two plants, yet they're twiddling their thumbs waiting for those new shares to be authorized. Maybe the bank deal is not very favorable, and a partial equity deal would be better? They're not talking, so I can only guess.

I agree with you that investors will bail if they don't start something soon. They previously told us they would be pouring concrete for two plants back in Q1, and they were going to be burning low cost coal to be the lowest cost producer - but none of that ever materialized. So now management has a serious credibility problem. Fool me once, shame on you. Fool me twice, shame on me!