Auditor: Nuclear plant company could go out of business

[bananas]

http://www.nwcn.com/statenews/idaho/stories/NW_080908IDN_power_plant_KS.2ea332eb.html

Auditor: Nuclear plant company could go out of business
02:52 PM PDT on Saturday, August 9, 2008
Associated Press

BOISE -- Alternate Energy Holdings, a small Idaho company aiming to build a $4.5 billion nuclear power plant in Elmore County, risks going out of business because it's lost so much money, according to an auditor that just reviewed its finances.

Alternate Energy Holdings had a net loss of $3.4 million in 2007, leaving it with assets worth $324,431, auditors from New York-based Rotenberg & Co. wrote this week in a report. Since its inception, Alternate Energy Holdings has a deficit of $4.9 million.

"The company's significant operating losses raise substantial doubt about its ability to continue as a going concern," Rotenberg wrote in its audit of Alternate Energy Holding's balance sheet.

An Alternate Energy Holdings spokesman didn't return a phone call seeking comment.

<snip>

[kristopher]

1. Damn! 324K in assetts and wanting to build a $5B reactor?

They must be smoking some of that yellowcake our resident enthusiasts prefer...