As far as I can tell, AAE has NOT been removed from the ASX. We just can no longer view our shares on COMSEC etc.
Yellowcake's comment would show that he is slightly uninformed. You will find they changed their name from "Australian Ethanol Limited" to "Agri Energy Limited" almost two years* ago. The value we placed in this company was in the Beatrice Biodiesel Project in Nebraska.
As for what is going to happen to our shares, I have little idea. Perhaps there will be an announcement in 2009 or perhaps Peter Anderton will just pack his bags and disappear.
*Reference for name change (If anyone is interested it was Resolution #8):