Solar Wind Energy Tower Inc. (fka SWET)

[Cycleman]

Remember the milestones from 2014?

Milestones Estimated Timeline Estimated Cost
Obtaining Use Permit (1) January 2015 $ 5,000
Obtaining FAA Clearance (2) May 2015 $ 12,000
Completing Final Engineering (3) May 2015 $ 500,000
Completing Construction Contract (3) August 2015 N/A
Obtaining Power purchase Agreements (4) August 2015 N/A
Obtaining Interconnect to Grid (5) September 2015 $ 50,000
Commencing Construction (6) November 2015 N/A

Any yet here it is, nearly April, 2017 and

AGP is working with SWET's expert consultants and engineers finalizing the convergence of downdraft winds into the tunnels surrounding the base of the Tower. Optimizing this design is an important engineering and design task. The number of tunnels, their diameter and the length of the tunnels necessary to maximize the efficiency of the multiple turbine energy extraction system directly impacts the total project capital cost.

Management has always used conservative assumptions, (tallest Tower height, longest tunnels, and maximum number of tunnels). Maximizing the conditions predicted the highest construction and highest maintenance cost projections. As these studies near completion, management is now confident that our original estimates were in fact very conservative. As we complete the due diligence process we will continue to provide updates on the projects.

SWET's been at this now for what, seven years, it has no idea what the design is, but, hey, trust us, we'll get it built and it'll work just swell. Anybody who really believes in this load of horse manure really needs to have his head examined.