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Alternative Energy Limited Conversion of Loan and TVR Print Alert TIDMALR RNS Number : 6316I Alternative Energy Limited 27 March 2015 27 March 2015 ALTERNATIVE ENERGY LIMITED (the "Company") Conversion of Loan Note and Total Voting Rights Further to the Company's announcements of 15 July 2014 entitled 'Senior Loan Note Instrument' and of the 5 March 2015 entitled 'Conversion of Loan Note and Total Voting Rights', Darwin Strategic Limited ("Darwin"), on 26 March 2015, issued the Company with a conversion notice ("Conversion Notice") in relation to GBP100,000 of the senior loan note amounting to GBP270,000. Following such conversion the senior loan will stand at a total of GBP120,000. As a result of the Conversion Notice and a conversion price of 0.017733 pence (being the lesser of (i) GBP0.0125 and (ii) the average price of the Company's ordinary shares ("Ordinary Shares") for three trading days selected by Darwin during the twenty trading days prior to and including the date of conversion, multiplied by 0.80 and subject to any agreed adjustments)) Darwin will be issued with 563,909,774 Ordinary Shares ("Conversion Shares"). Application will be made for the Conversion Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. Dealings in the Conversion Shares on AIM are expected to commence on or around 2 April 2015. Following the issue of the Conversion Shares as described above, the Company's issued share capital will consist of 3,101,480,664 Ordinary Shares with voting rights. The Company also holds 1,922,966 Ordinary Shares in treasury and these shares have no voting rights. Therefore the total number of Ordinary Shares in the Company with voting rights is 3,101,480,664 and this figure may be used by shareholders at the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

Incorrect and no one is playing games. This is how Darwin work. Darwin pre sell their cln shares in order to achieve a risk free conversion price which is based on a weighted average of closing prices for the previous 20 trading days. They are currently (imho and we shall see) converting another 50k gbp of cln - hence the 150 mill sell and 25 mill sell earlier this week... these would provide the bulk of that 50k. Because of the spread here most of what people think are sells are buys (well we who have bought know they are buys) I've been a buyer however I've been so with my eyes wide open that Darwin are still at it and could be at it to fully the clear the remaining 220k gbp for the next few months. Hoping or demanding the co release a trading update so that somehow magically Darwin will stop selling is a fruitless exercise. Again if you buy then do so with the full knowledge of what Darwin has done and will continue to do to the share price - if you believe it's a buying opportunity to make a significant return on a co that clearly has yet to deliver thanks to a death spiral funder selling then the current "games" etc are all part of the fun. If you don't understand how Darwin operate then stay well clear - this is a genuine high risk play that is imho priced artificially at a distressed level thanks to a seller.

Value of intangibles and ip are always hard to infer.... However the co has (past tense) had no sales or revenue....however everyone buying in needs to read the latest set of results ...they are prepped for sales having commercialized their product and rightly for a business we should try to gauge the future value of those sales as that's the upside ... Set against this is this awful Darwin death spiral based on 270k gbp Clns....the conversion of which have wiped off 98% of the companies value in 2 months....ie 9.8 mill gbp !!!! Are the intangibles worth more than the current market cap ??? Its 700k again at 0.03... What is important are hard sales and look at the potential market just in the UK.....is this worth only 700k.... IMHO there is certainly risked upside from 0.03 ...multiples but please don't think Darwin are "done" coz they still have 220k to go....maybe they are down to a mere 220k! However it could take a few months to clear them....or weeks on todays volume....when they are gone the price could like GSR do a swift rise of 5 times and still be a fraction of what it was 2-3 months back.....

In fact maybe tonight ...the last was at 6.07pm! 74 mill at 0.067 ish for 50k.... -at say 0.0245 need 200 mill!!!

Almost all of today's trades with the exception of the 150 mill were buys.... Maybe we get an RNs tomorow re cln conversion at 0.02p

Add the 25 mill dump from yesterday...

What's that in money ? 37k...50k is 1 cln....

its been 150kl ,max at 2p to buy all day.. so that 1 mill is in the price imho ie a delayed report of a buy or sell....

have a look on the avdn pPIRI bb essentially they will announce the listing details on the 3rd of April PIRI is a co they have been in discussion with along with 3LEG.... if you are on linked in look up the CEO and ask!

i got a yellow card for posting it -> the email is not mine it was posted on advfn - if anyone can contact either PIRI or European Lithium Ltd to validate then let us know,,,, it seems they are saying PIRI and 3LEG are in the running to be involved with their listing - the suggestion being that PIRI are an investor and 3LEG are the rto vehcile....I have no way of validating it however seems all 3 PIRI names are in favour today (PIRI and its 2 rto candidates AVP and 3LEG)

are these emails legit??? what about AVP?

it could be i think the trade is buying a stock thats been massively discounted thanks to Darwin selling hoping that it multibags from here once they are done!

[IMG]http://i58.tinypic.com/332vyw6.png[/IMG]

the seller is BEING cleared.... we know who it is..... just a matter of time

lol whats normal here??? observe how quickly the offer has risen from 22 to 32.... 35 mill bought... the buy limits were cut in half earlier so we may see a delayed buy

go check the buy limits people Darwin is clearing~!

Topinfo ‏@TopTradersADVFN 2m2 minutes ago Keep a very close eye on ALR looks like seller may be done and its at rock bottom, fallen from 0.75p to 0.03 so 25 bagger to get back there 0 retweets 0 favorites Reply Retweet Favorite More

the much waited for DEAL could be here v shortly

The Company has a total of 28,770,692 Shares in issue and admitted to trading on AIM.

today..... this only came back to market a few weeks ago as new shell