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It is a move to raise confidence in its stock
Alternate Energy Holdings, Inc. (AEHI:OB) announced it received approval from the National Association of Securities Dealers (NASD)(FIRNA) to list and trade its common stock on the Over-The-Counter Bulletin Board effective Jan 8, 2010.
Don Gillispie, AEHI Chairman and CEO stated, "We hope the move up from Pink Sheets will increase investment community awareness of the many things that our company is doing.”
AEHI submitted the necessary securities registration statement to attain OTC:BB status in Oct. 2008.
This is the second move in as many years the firm has taken to improve the credibility of its business objective to build a nuclear power plant in Idaho. In February 2009, the firm filed its stock with the Securities & Exchange Commission (SEC).
AEHI meeting gets low key response in South Korea
CEO Gillispie is reportedly in South Korea to hold exploratory discussions with KEPCO executives about importing their APR 1400 reactor for his project.
A South Korean energy official issued a statement Jan 6 about the meeting. He said, "AEHI asked to meet with us to exchange views on nuclear reactors, but the meeting must not be seen as a concrete step that could lead to another export deal for South Korean nuclear reactors," the official stressed, without going into details.
"The businessman and the company wanted to know some of the details about the Korean reactor," he added, toning down media reports that Gillispie may try to finalize a deal to buy the APR-1400 reactors for use in the United States.
He pointed out that there has been no prior discussion between the ministry and AEHI, although some preliminary talks have been carried out with KEPCO, which is in overall charge of the country's nuclear energy field.
Others in the ministry said there is no proof that AEHI has the resources to build nuclear reactors, since the aggregate value of its stocks currently stand at around US$10 million.
At market close AEHI’s stock stood at $0.10/share against a 52-week range of $0.01-0.25 and volume of 137,000 shares with 116 million shares outstanding.
AEHI recently pushed back the date it plans to file a license application with the NRC from 2010 to 2011. It has permit requests pending for rezoning actions in Elmore and Payette Counties in Idaho.
APR1400 Schematic
Source: Korea Times
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Idaho Samizdat is a blog about the political and economic aspects of nuclear energy and nonproliferation issues. It covers the nuclear energy industry globally. Additionally, the blog has regional coverage on uranium mining in the western U.S. Link to original post
