AFSE.OB shares continued to increase in price today after rising over 50% on Friday. Investors are reacting positively to the recent uplisting from the pink sheet exchange to the OTCBB. The company believes the effort will increase shareholder value, and make its common stock more attractive to possible ethanol plant acquisition targets and money managers looking for a pure play in the ethanol market.
The company has purchased 150 acres of land, received over $17 million in infrastructure improvements, tax credits and property tax abatements, and obtained an Air Quality permit to build a new production facility that will be capable of producing over 100 million gallons of ethanol each year.
There are a few additional steps to complete the project which include finalizing Engineering Procurement contracts with Kraus Anderson, Harris Mechanical and Delta T. Much. The new facility is expected to increase the company’s revenue and cash flow tremendously.
Please share your thoughts: ALL Fuels & Energy Company Message Board