An unauthorized collection of the records of Alternate Energy Holdings, inc., its principals and subsidiaries, and their antics, trials, and tribulations

Former AEHI CEO Don Gillispie

Former AEHI CEO Don Gillispie
OK, everyone, I've got to step out for just a minute. I'll be right back, I promise!

Tuesday, December 14, 2010

SEC's AEHI Stock Trading Suspension: The Fallout

What happens when stock trading is suspended for 14 days?

Take a look at the "$150 Million Funding Committment" documents:

2.3.2      Termination of Right to Put.  The Company’s right to initiate subsequent Puts to the Investor shall terminate permanently (each, an “Automatic Termination”) upon the occurrence of any of the following:


(j)  the suspension from trading or failure of the Common Stock to be listed on an Approved Primary Market for a period of three (3) consecutive Business days;

Or is it WPPSS?

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