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AEHI on the mend

|Includes: Alternate Energy Holdings, Inc. (AEHI)

I have not seen any new material on Alternate Energy Holdings, Inc. (OTC:AEHI) in some time, so I decided to make the move and start a new post.

As an investor, it has been an exciting ride over the past couple years, but one that I think will be well worth it in the end.

It is hard to believe that anyone would take on the challenge of becoming the nation's first nuclear startup company in probably 30 or 40 years, but that is what AEHI took on under the helm of Don Gillispie, a 45+ year veteran of the nuclear industry.  The company garnered a lot of investors in just a few years, people hoping to springboard the next nuclear renaissance, which is about the time I dove into the market.

Soon thereafter a number of groups began posting negative articles about the company and its CEO, which I knew weren't true and are now beign proven untrue on a much grander scale. One of the posters even asked people to send in a well-scripted complaint to the Securities and Exchange Commission. The SEC acted and nearly devasted the small company, but it appears the company is on the mend, and I for one, couldn't be more thrilled.

AEHI got a federal judge to remove an SEC freeze on company assets, then despite the SEC and the following disaster in Japan, a group of county commissioners in Idaho granted the company a rezone of agricultural land in rural Idaho, in order to build a nuclear power plant.

Now I hear the company is moving into the engineering phase, which will soon lead to an application with the U.S. Nuclear Regulatory Commission.

A number of shorts and well-known anti-nuclear groups want to prove AEHI is a fraud, but by the looks of things, AEHI is no fraud.  

The company is moving on promises it made months ago, to continue the project of building a multi-billion-dollar nuclear power plant, which is bound to make a fortune when it succeeds.  I've even heard the company is on the verge of announcing a large-scale funding source.

I for one can't wait to be a part of it when it happens.  This stock has already proven it can pull through the negative yammer on the financial boards.  Since I suspect it will be there again, I would call this one a strong buy, especially at the going market price right now of about 10 to 15 cents.

Of course, I am long on this one, knowing it will pay off even before the company breaks ground.