Solar Wind Energy Tower Inc. (fka SWET)

[swingingRichard]

approve up to a 1 for 400 reverse stock split

Ask, and ye shall receive.

Source

The accompanying Information Statement is being furnished to the holders of shares of the common stock of Solar Wind Energy Tower, Inc., a Nevada corporation (the “Company”). The Board of Directors (the “Board”) is not soliciting your proxy and you are requested not to send us a proxy. The purpose of this Information Statement is to notify you of the following actions already approved by written consent of a majority of the voting stockholders and the Board:

· to file a Certificate of Amendment to our Articles of Incorporation (the “Articles of Incorporation”) to increase the Company’s authorized common stock from 1,300,000,000 shares to 5,000,000,000 shares, par value $0.0001 per share (the “Share Increase”).
· To approve up to a 1 for 400 reverse stock split of the Company’s common stock (the “Reverse Split”) and to file a Certificate of Amendment to our Articles of Incorporation to effectuate the Reverse Split, at such time in the future at the sole discretion of the Board of Directors.

The Share Increase and the Reverse Split are more fully described in the accompanying Information Statement. The written consent of a majority of the voting shareholders was in accordance with §320 and §390 of Chapter 78 of the Nevada Revised Statutes, our Articles of Incorporation and our bylaws, each of which permits that any action which may be taken at a meeting of the shareholders may also be taken by the written consent of the holders of a majority of the voting power to approve the action at a meeting. The accompanying Information Statement is being furnished to all of our shareholders in accordance with Section 14(c) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules promulgated by the U.S. Securities and Exchange Commission (“SEC”) thereunder, solely for the purpose of informing out shareholders of the action taken by the Written Consent before it becomes effective. This information statement will be mailed on or about July 1, 2015 to stockholders of the Record Date.

This is not a notice of a special meeting of shareholders and no shareholder meeting will be held to consider any matter which is described herein.

THE ACCOMPANYING INFORMATION STATEMENT IS BEING MAILED TO SHAREHOLDERS ON OR ABOUT JULY 1, 2015. WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.