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Last $0.87 USD
Change Today -0.0802 / -8.44%
Volume 111.4K
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

alliance bioenergy plus inc (ALLM) Snapshot

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Day High
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52 Week High
07/22/14 - $1.67
52 Week Low
04/2/15 - $0.07
Market Cap
Average Volume 10 Days
Shares Outstanding
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alliance bioenergy plus inc (ALLM) Details

Alliance Bioenergy Plus, Inc., through its subsidiaries, focuses on technologies in the renewable energy, biofuels, and new technologies sectors. It holds license to the CTS technology, a mechanical/chemical technology, which is used to produce sugar, various fine chemicals, plastics, carbon fibers, and other products from plant materials, wood or paper by products, fruit casings, or bio waste. The company was formerly known as Alliance Media Group Holdings, Inc. and changed its name to Alliance Bioenergy Plus, Inc. in December 2014 to reflect its new direction. Alliance Bioenergy Plus, Inc. was founded in 2012 and is based in West Palm Beach, Florida.

3 Employees
Last Reported Date: 04/15/15
Founded in 2012

alliance bioenergy plus inc (ALLM) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2014.

alliance bioenergy plus inc (ALLM) Key Developments

Alliance Bioenergy Plus, Inc. Announces Completion of Construction of its Commercial Scale CTS Demonstration Plant

Alliance Bioenergy Plus, Inc. announced that it has completed the construction of its commercial scale CTS demonstration plant and research laboratories at its subsidiary Central Florida Institute of Science and Technology, Inc. (CFIST). Located in Longwood, Florida (a suburb of Orlando). CFIST will immediately begin optimizing the commercial scale CTS line. The Company has several sub-licensees under MOU ready to convert to active sub-licenses once the optimization is complete, which is anticipated to be by the middle of May 2015. In addition to the CTS demonstration line CFIST will explore alternate pathways for the CTS process (bio plastics, fine chemicals, pure lignin based products) while conducting QC for licensees and outside analytics for Universities and tech companies.

Alliance Bioenergy Plus, Inc. Auditor Raises 'Going Concern' Doubt

Alliance Bioenergy Plus, Inc. filed its 10-K on Apr 14, 2015 for the period ending Dec 31, 2014. In this report its auditor, Paritz & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Alliance Bioenergy Plus, Inc. Announces Executive Changes

On March 31, 2015, in accordance with the By-Laws of Alliance Bioenergy Plus, Inc., shareholders holding a majority of the votes entitled to vote on the matter, delivered written consents to the Company's Board of Directors removing Ted Chasanoff and David C. Matthews as directors of the Company with immediate effect. Immediately thereafter, Lt. Gen. (ret.) Mark P. Hertling and Michael A. Bilodeau submitted their resignations as directors of the Company with immediate effect. Following these actions, Daniel de Liege and Mark W. Koch were the remaining directors of the Company. The Board of Directors intends to seek replacements for the directors who were either removed or resigned. On April 1, 2015, the Board of Directors removed David C. Matthews as the Chief Executive Officer of the company with immediate effect. Simultaneously, Daniel de Liege was appointed Chairman and Chief Executive Officer of the company.


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