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  • AEHI's Don Gillispie: "Our Site Has No Chance Of Approval By NRC" 13 comments
    Dec 10, 2010 12:03 PM
    I recommend to read the post at lucidaehi.blogspot.com for better formatting and pictures!

    Forgive me if we have to switch down a gear today. But after revealing AEHI CEO Don Gillispie's most serious securities fraud yet discovered yesterday, topping the earlier revelations of two (here and here) other instances of severe violations of federal securities laws we'll have to make do with simple perjury today.

    Maybe I wouldn't have bothered today since this is relatively minor by Don Gilllispie's standards. But since Martin Johncox accused me of perjury and called me a liar for using my name, Joe Lucid, in my written testimony (note: he had no comments on the testimony itself!) I think some retribution is appropriate and necessary.

    First we look at the "Preliminary Water Availability Analysis" which is part of the rezoning application AEHI submitted to the Payette County administration. Step forward to page 45, 7.2.1. Snake River Diversion and Alignment. I quote:

    "The final alignment distance from the Snake River to the proposed site will likely be between about 14 to 24 miles."

    What are they talking about? Since the planned site in Payette is rather distant from the Snake River a huge water pipeline would have to be built to transport the cooling water for the plant to the site.

    Now let's take a look at the always entertaining and juicy blog of Don Gillispie, CEO of AEHI, the only known opportunity for a direct nuclear plant investment in the US today (Oops, smells like another public investment solicitation). Take this entry in which Gillispie talks about problems of a potential site in Elmore County:

    "On Jan. 12, I was invited to make a presentation before the Mountain Home City Council on our efforts to develop a large advanced nuclear reactor in Elmore County.

    In November, the Elmore County Planning and Zoning Commission recommended against rezoning approximately 1,400 acres of land to accommodate our plant, saying heavy industrial development should be located in a zone near Simco Road, even as wind, solar and natural gas power are permitted elsewhere in the county.

    In response to a Mountain Home City Council member’s question regarding siting of the plant in the Simco Road area, the following is my reply:

    After some research we have concluded the Simco Road site does not qualify for a nuclear plant and even if it did, there does not appear to be any property available. The following are some of the reasons.

    The Simco Road site has no water supply so a dedicated water line of more than 20 miles would need to be constructed. A large safety-related pipeline would add hundreds of millions in expense and create security and right-of-way concerns; the Nuclear Regulatory Commission would disapprove the Simco Road site for the water supply security issue alone. Our current site is one mile from the Snake River, an ideal location for water access without a security issue."

    So Gillispie is selling Payette County on a plan he knows could never get accepted by the NRC. Now that, my friends, is perjury!



    But what do you expect of a guy who can't even be honest about his hair!

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Comments (13)
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  • lawndarts
    , contributor
    Comments (5) | Send Message
     
    Still researching this stock. How come there is no biographical information about you as the author? Makes it hard to evaluate your claims.
    10 Dec 2010, 12:27 PM Reply Like
  • Mr.Incredible
    , contributor
    Comments (15) | Send Message
     
    "But what do you expect of a guy who can't even be honest about his hair!" --------That was funny.
    10 Dec 2010, 06:59 PM Reply Like
  • lawndarts
    , contributor
    Comments (5) | Send Message
     
    Mr. Lucid, I am still researching this stock and I have been reading your blogs with interest. Something about your credibility, however, really troubles me. On the Yahoo board, I noticed someone linking to a blog at alexanderandassociates.../.

     

    Did you really submit testimony to Payette County under a false name? I've Googled your name and nothing much comes up. You had a stock blog in 2008, but nothing until a few months ago when AEHI emerged as your main interest in life. I think you have done an amazing amount of reseach but if you are not being straight with investors about your real name, that is very troubling. Please help me understand as I am kind of new to this.
    10 Dec 2010, 07:37 PM Reply Like
  • robert essian
    , contributor
    Comments (21) | Send Message
     
    Well, first I would like to express that Mr. Gillispie and his clean cut, well educated, honorably discharged, good stewards, tax paying, self motivated, greying group, are the likely conspirators types who would purposefully and intentionally pull a Bernie Madoff type scam on the good people of Idaho and investors. Just makes no sense what so ever. Nuclear people, build nuclear plants. They do so because the cost of energy, specifically OIL has caused the last 5 out of 5 recessions. Frankly without energy we can have NO GROWTH. NO GROWTH means everything fails because GROWTH must service our debt. Debt that was pulled forward from the future to support our every day gluttonous lives. Look at the FULL PICTURE your knucklehead. We need energy, we need jobs, and environmentally Nuclear is the best, cleanest, cheapest and most reliable. If you have a better idea I'm all ears, just so long as I don't have to gather wood for my fire in my grassy hut. So, understanding this what is your motivation for writing emotional trash!? Your Lady break up with you?
    11 Dec 2010, 05:33 PM Reply Like
  • Joe Lucid
    , contributor
    Comments (54) | Send Message
     
    Author’s reply » My posts contain links to the relevant documents and can easily be verified by anyone who wants to. I don't think you need my social security number for that - even if Gillispie / Johncox want you to believe that.

     

    I don't have a problem with nuclear. Only with securities fraud.
    12 Dec 2010, 04:47 AM Reply Like
  • robert essian
    , contributor
    Comments (21) | Send Message
     
    Yeh right!!! Immature, hidden agenda, and frankly short sighted. You need to dig in and look at things like world oil depletion, bogus reserve figures out of OPEC, why we are spending our treasure and the lives of our babies over a fuel source (OIL) that is well on its way to terminal decline. When you add all this up maybe you will spend the time you have being a part of the solution and not keep kicking the can ever so close to the cliff we are now facing. Brother, you are obviously very intelligent but not to those who understand the grave circumstance we face in our very near future. I wish you well but you have work to do.
    12 Dec 2010, 07:34 AM Reply Like
  • robert essian
    , contributor
    Comments (21) | Send Message
     
    ...you say securities fraud, and I say normal business up and down wall street. In every bank and financial institution. Not one of these institutions have anyone in jail and they almost brought down the entire world financial system. If this is your area of experise then I hardly think Mr. Gillispie qualifies as a blip in the grand scheme of things. Really, what is he trying to do?!
    12 Dec 2010, 07:49 AM Reply Like
  • Joe Lucid
    , contributor
    Comments (54) | Send Message
     
    Author’s reply » @Robert: "what is he trying to do?" - In my view he's living a luxurious life on the back of the individual investors who gave him his money and will never see a return. Frankly I doubt Gillispie even wants to build a nuclear power plant.

     

    It's pretty much exactly what Moller did (Flying Cars!) and what resulted in this SEC action: www.sec.gov/litigation...
    12 Dec 2010, 10:21 AM Reply Like
  • robert essian
    , contributor
    Comments (21) | Send Message
     
    ...if this is the case then this Man's life has been a complete waste. A fraud to every person he holds dear. His parents, wife and children. He's not a financier, he's a brilliant nuclear scientist with a compelling track record of service. Generally these types make up the best of the best that America has produced. Now, he would have had to start this company with like minded people, so you are trying to really discredit his entire Board, citizens that have similar mind sets as he does today. All!!, the best of the best trying to perpetrate this scam you are trying to warn us about! Silly thinking, and a waste of your time is my take. For disclosure I hold shares in AEHI, I am a full time researcher/investor that I have now dedicated my life too. I am retired from my family business that was started in 1945 after my Father returned home after serving in World War II. I am a veteran of the Vietnam War. I do believe that energy is a serious problem going forward and believe we Must look for solutions so that America retains any semblance of a middle class and to preserve our standard of living as we have known it. Personally our most daunting task considering we have waited to have any National Energy Policy. Nuclear is a clear cut winner and I want our best people on this issue. Gillispie represents that industry. If he has made a mistake in paper work then pay the stupid fine and build this beast on its merit.
    13 Dec 2010, 08:07 AM Reply Like
  • robert essian
    , contributor
    Comments (21) | Send Message
     
    ...I am so very sorry, out of respect I read the case you posted and I still cannot agree with your paranoria. Truthfully, I will state again, you could go to every firm on Wall Street, and every bank on main street, cuff every manager and executive and lock all of them up, Just throw away the key. My point is, these people knowingly contrived to rip off the American people and just about took the world down with them. Mr. Gillispie is a nuclear scientist, that's his sand box and you are trying to tell me that he's comfortable playing in the sand box you are trying to put him in? I just don't by it. I will however maintain my do dills and as always be responsible. I just think you could actually do more good, with your expertise in all things securities fraud maybe go and tackle the big boys, and leave these solid citizens be. Free country though... Merry Christmas
    13 Dec 2010, 08:34 AM Reply Like
  • Joe Lucid
    , contributor
    Comments (54) | Send Message
     
    Author’s reply » Game over, my friends. The SEC has halted trading!
    14 Dec 2010, 10:08 AM Reply Like
  • robert essian
    , contributor
    Comments (21) | Send Message
     
    WOW! So any chance we'll see any money back? I don't know what to say. Screwed comes to mind.
    20 Dec 2010, 03:27 PM Reply Like
  • Berniesboys
    , contributor
    Comment (1) | Send Message
     
    Hey Essian...is this "wow!....." all that you can muster up to say?
    If so, you are one very sad and mentally impotent person. You ridicule and bash Lucid throughout, claiming that he would serve everyone better by pursuing true wrongdoers, and not Gillespie, but only because you are so sure that Gillespie is such a "solid citizen", as you called him.
    And now that Lucid appears to have been proven correct, valid, and accurate in his claims, all you have to say is "any chance we'll (meaning YOU) see any money back?".
    You must be one pathetically self-centered little man, despite your apparent service to our country, who never learned about humility or accountability. I wonder what your father would think of you if he could read all of what you've said to Lucid now that his due diligence is being supported.
    30 Dec 2010, 12:30 PM Reply Like
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