ALL Fuels & Energy announced this morning that its common stock has been listed on the Nasdaq Bulletin Board. The President of AFSE, Dean Sukowatey, stated, “Having our stock trading on the Nasdaq Bulletin Board brings greater liquidity to our market and will assist us in achieving increased shareholder value as we complete our acquisition and build of 500 million gallons per year of ethanol production.”
The President continued to say that he expects the Bulletin Board listing will make AFSE’s common stock more attractive to possible ethanol plant acquisition targets and to institutional money managers looking for a pure play in the ethanol market.
The company also announced that its $6.6 million economic development agreement with the City of Manchester may now be accompanied a $10.4 development agreement with the Iowa Department of Economic Development, and expects to announce its signing in the near future.
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