Solar Wind Energy Tower Inc. (fka SWET)

[Cycleman]

Despite what ron might have said about liking jdf because it was in for the long haul, the evidence is to the contrary. Last year it took a convertible note from SWET in exchange for around $50K. It converted into around 19M shares which it subsequently sold -- the s-1 says jdf did not own any shares as of the s-1 filing. No reason to assume it won't do the same here. At least there's no chance it's going to exercise the warrants.