ANYONE THERE26 Feb 2014 15:32
with any respect for investors.December 2013
ALTERNATIVE ENERGY LIMITED
("Company")
UPDATE
The board of the Company ("Board") notes that trading in the shares of the Company was suspended on 1st October 2013 pending release of the Company's interim financial statements for the period to 30 June 2013.
The Company is currently undertaking a number of negotiations which may result in further operational transactions as well as the raising of additional capital.
The Company is currently still working with its partners in Indonesia and elsewhere to generate revenues from the projects previously announced, although these have been delayed by factors outside the control of the Company and its partners. The Company is also actively pursuing additional projects and will provide additional information in its forthcoming announcement.
The Board anticipates that a further announcement will be made in respect of the Company's operational and fundraising transactions early in the New Year following the holiday period and that suspension of trading in the Company's shares will be lifted shortly thereafter following the release of the outstanding interims.