Monday, September 26, 2011

AEHI, Feds Mediating Today at U.S. Courthouse

Posted By on Mon, Sep 26, 2011 at 9:43 AM

Citydesk has learned that attorneys representing the Securities and Exchange Commission and Alternate Energy Holdings are huddling on the sixth floor of the federal courthouse in Boise in an attempt to mediate the latest round of charges against the embattled company.

AEHI CEO Don Gillispie and his former colleague Jennifer Ransom have a team of lawyers answering to a 27-page complaint from the Securities and Exchange Commission, alleging that the company defrauded the public. Gillispie continues to promote his plan to build a $10 billion nuclear reactor in Payette County.

The SEC said AEHI's tax form for fiscal year 2010 indicated the company had "minimum liquid assets" and "will be reliant upon stock and/or debt offerings to fund any kind of nuclear operations."

Today's mediation sessions could go through the day and even extended into Tuesday if the feds and AEHI move toward some kind of settlement.

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