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Monday, 09/29/2014 5:22:47 PM

Monday, September 29, 2014 5:22:47 PM

Post# of 17377
Anyone notice that SWET filed a 3d amendment to its JDF S-1? Apparently the terms of Purchase Agreement and the Note were amended on 9/26 to require that the second tranche of the Note be closed within 5 business days of the effectiveness of the registration statement rather than 15 business days. Interesting. Cash need breathing down SWET's neck or something else?

Also added some footnotes to its milestones timetable. Other than updating, didn't see anything else of note. If I counted my fingers and toes right, SWET has until 10/7 for the S-1 to be declared effective in order for the 2d tranche obligation to kick in and for SWET to avoid liquidated damages.
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