You Can Become Part Owner of a Nuclear Reactor for $0.56!!!
July 25, 2010
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I discovered a Stock last week that sounded so interesting I added it to CAPS and put real money into it on Friday. They describe themselves as the “nation's only independent nuclear power plant developer.” Do any of you know about Alternate Energy Holdings, Inc. (AEHI)? Please provide any insights to the company you might have before I invest so much money and wish I didn't!
I added the company to CAPS on Friday and my alternate personality MostlyChina is now the score leader. Not hard to do since I am the only one who picked the stock so far. In CAPS I got the stock for $0.51, in my real portfolio I bought it for $0.52. On Friday it closed at $0.56. Nice one day return.
Everything I have read about the company looks legitimate so far. The future value of the company depends largely on the approval of a Nuclear Power plant they want to build in Idaho. If final approval is received the stock would probably really jump. There are numerous articles on the Internet that follow every vote of the Payette County Planning and Zoning Commission, such as this one from nuclearstreet.com. If local and federal approval is received it will cost up to $10 Billion to build the plant. The company says “In short, after phase one, AEHI will have a $1.5 billion asset and a nearly $10 billion asset after phase two — in either case, a very profitable proposition.” http://www.alternateenergyholdings.com/projects/faq.aspx
In January 2010 Don Gillispie the President, CEO and Chairman of AEHI met with the Prime Minister of South Korea Un-Chan Chung to discuss the possibility of “importing of Korean-made nuclear reactors into the U.S. Market.” Mr Gillispie has over 45 years of Nuclear Power experience. He “received an executive MBA from the MIT’s Sloan School of Business” and even “was an instructor in MIT’s nuclear executive program.”
In June 2010 AEHI announced that they signed a MOU with “Hyperrion power to manufacture small nuclear reactors in China and market world-wide”. Hyperion Power Generation is based in New Mexico.
On July 15, 2010 AEHI “announced the company is preparing for a move to a senior U.S. stock exchange in response to rapid progress towards local approval for the Company's planned nuclear reactor in Idaho, as well as growing global interest in the Company's Green World Water(TM) desalinization reactor. AEHI believes it substantially meets the requirements to uplist to a senior U.S. stock exchange.”
http://www.marketwatch.com/story/aehi-takes-steps-to-uplist-to-senior-us-stock-exchange-2010-07-15?reflink=MW_news_stmp
The company's “Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. “
Remember I really know nothing about nuclear power or the approval process. This just looks like an interesting stock to me. I sure hope Iran doesn't become a major stockholder though! LOL. The risk/reward ratio on this makes me willing to invest a few thousand dollars. I'm hoping somebody out there knows something about it that I am missing. Please let me know if I should take my 8% gain from Friday and, to quote Steve Miller from 1976,”Go on take the money and run”!!!
20PercentPM / MostlyChina
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