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Looks to be. No filings in years. Low float shell play .0015 x .002
Is this a shell?
Not sure if this is being frontloaded for whatever reason.
Cant find much on the company.
This just popped on my scaner. Looks like nice bottom pick. imo
Looking for .002 - .003 area
Some action today, waiting for pullback
The wonders of Tobin Smith pump picks.
closed 022 for new breakout?maybe vol comes in now
up almost 1000% from lo
China's power shortage may be worse than 2004: State Grid
http://news.xinhuanet.com/english2010/business/2011-05/23/c_13889875.htm
Yet FEWP isn't seeing any of this action.
Bottom trade...up, of course, no one is here. Uptick continues.
No! Not at all! Don't like playing guessing games. Sold what I had and not in it anymore.
Are you telling me to google Tobin Smith?
A waste of posts. Should have just said that with the first one and saved us both some time.
Get to the point!
Google is your friend.
Who is Tobin Smith?
Tobin Smith's new shingle and tout platform.
What is the NBT network?
Must be part of the NBT "network".
Glad I got out last Friday. Done with this and anything that
THE CARPENTER GLOBAL STOCK ADVISORY has to recommend.
Wrong Stock--I have $715 invested and worth about $150 right now. Thanks for the info.
Tell you what! I WILL NEVER BELIEVE ANYTHING THAT ANDY CARPENTER SAYS AGAIN!
CARPENTER GLOBAL STOCK ADVISORY WAS VERY MISLEADING WITH THEIR REPOTING ON FEWP.
SEC Office of Investor Education and Advocacy’s Tips on Avoiding Fraud: http://go.usa.gov/TrJ
I cannot go much lower. I am already down $1355 of he 2k that I invested into this. Dr. Jan Stahl needs to get something to happen with this stock. I have been here for over 5 yrs I think. That or darn close to it.
Recap in the works. Prepare to dive.
Not what I thought it was going to be. But I do see Wind and Solar being the thing in the future. Homes will have there own wind power as well as solar on the roof tops.
So I am long on the Wind and going Green with Energy. FEWP fits right into my plans for long term.
Dead money or worse. Typical NBT pick.
Looks like SJLS is slowing down on the selling pressure, think this will go back up to .25 area next week.
That is sure what it seem like to me as well as evidenced by what is happening to the PPS. It sure would be nice to get some current info from the company other than empty promises.
Typical NBT name... Pump and fade away.
Didn't bite the dust today. Something is up. 33.3%
This sure bit the dust today!
We need a lot more posters here. Need them to get the word out and make others aware of FEWP and where it is headed. Get others interested.
i am buying on the DIP right now looks like a great entry...i also got an email from outbreakstocks.com on this one
I got an email on this last night from Frank's Penny Stocks. Looks like a good trade...at +13% now. Any thoughts?
Got An email from outbreakstocks.com on it
Bullish article out on FEWP
Coming from www.greenbackers.com today.
A rival analyst (and chart) telling us to keep a closer eye on penny stock FEWP. Saying the company is a likely turnaround play into the fall on recent new ceo news. the new CEO, Liu Xiaobu appears to have considerable clout in the industry he's hearing.
Also, the alternative energy play plans to expand their wind power capacity significantly into 2010.
Notice the acquisitions already below. A significant catalyst to growth.
The stock saw a volume pickup / runup from .20 to .32 on the new ceo news, and presently seems to finding pullback support near .24... 0.25 0.00 0.00% 41,800 Last Trade as of 10:58 AM ET 9/29/10
The recent press release surrounding the new CEO. Notice the plans to increase their energy capacity 10 fold.
Executive as CEO
Tuesday 09/21/2010 9:02 AM ET - Marketwire
Far East Wind Power Corp. (OTCBB: FEWP) ("Far East" or the "Company") is pleased to announce the recent appointment of Mr. Liu Xiaobu as Chairman and Chief Executive Officer of Far East.
Mr. Liu, 63, worked as a senior executive of China Huaneng Corporation for over twenty years. The Huaneng Group ("Huaneng") is the largest power generation enterprise in China, and is an early national adopter of wind power currently offering 2,800MW of wind-power capacity with plans to increase to 20,000MW of wind-power capacity by 2020. The group is under the administration of the State Council of the People's Republic of China, and engages in the investment, construction, operation and management of power generation assets and the production and sale of electricity power.
During his service with Huaneng, Mr. Liu was the team leader of Clean Development Mechanism ("CDM") power projects with overall responsibility for new renewable energy developments and their submission for approval. Mr. Liu was also responsible for the construction of large thermal and medium-sized hydroelectric power projects and the financial management related to a diverse assortment of various power generation projects in more than 20 provinces within China. Mr. Liu is experienced in large power project financing, infrastructure, financial management, price management as well as plant operations and management. Mr. Liu retired as the Vice Chairman of Huaneng Group in 2007, after a long and successful career. He received a degree in Chemistry from Beijing Institute of Education.
Far East's CFO James Crane stated, "We are extremely pleased to have Mr. Liu direct our Company. His years of experience with large development projects across China bring us a wealth of knowledge, expertise, associations and affiliations that will aid our cause immensely. He is committed to success and enthusiastic regarding our efforts to date; we truly look forward to working with him and welcome him to our team."
Far East Wind Power Corp. focuses on building a portfolio of wind power development projects located across China.
Has been on an acquisition spree in 2010.
Far East Wind Power Completes Negotiation for Controlling Position of Wind Farm Development in Yunnan, ChinaMarketwire(Thu, Aug 19)
Far East Wind Power Enters Into Binding LOI to Develop Wind Farm in Ningxia, ChinaMarketwire(Wed, Aug 4)
Far East Wind Power Announces Binding LOI to Acquire Interests in 200MW Wind Farm Development Rights in ChinaMarketwire (Tue, Jul 27)
Far East Wind Power Announces LOI to Acquire 700MW Wind Farm Development Rights in ChinaMarketwire (Mon, Mar 29)
But where is it at today. I know wind power is the future as even one of the local solar stocks is taking off. It does take time and I tried to average down today, but could not with the ask price. Maybe tomorrow.
OTCBB:FEWP CLOSED UP 14% TODAY (8/24/10)
far East Wind Power Corp. released huge news last week on August 19th concerning a large
with China . We believe that news is only now being filtered out into the investing public . The buyers
took out the sellers today and we expect more of the same tomorrow . I am going to post the Press
Release below the profile on OTCBB:FEWP ...So read up and be ready at market open to grab
some OTCBB:FEWP before it heads to the .50 cent watermark ....
Here is an excellent starting point for your research of OTCBB:FEWP the company discloses
everything so all info is available on the web-site (which is where this info was retained)
So do yourselves a favor and DO NOT let OTCBB:FEWP take off tomorrow without you having
a first class seat....We expect that OTCBB:FEWP will release the finalization of the massive "LOI"
from August 19th...This could be released anytime and once that happens , we feel there is no doubt
Starting to hear good things on FEWP,
Took a look at the news that came out on FEWP Thurs. 8/19 [U][B]"Far East Wind Power Completes Negotiation for Controlling Position of Wind Farm Development in Yunnan, China
"[/B][/U] http://finance.yahoo.com/news/Far-East-Wind-Power-Completes-iw-507040989.html?x=0&.v=1
and from what I have heard around is that there is a stong possibility that there is more news to follow.
Take a look at the chart and you can see that there is support at .26 and resistance at .34 and also is in the over-sold range. Keep this stock on your radar list, and let's see how it plays out.
insideinfo80 Good stuff Thanks for sharing Wind Power the way of the future Im looking to possibly add here.
OTCBB:FEWP ENTERS INTO HUGE "LOI" WITH CHINA
Far East Wind Power Completes Negotiation for Controlling Position of Wind Farm Development in Yunnan, China
BEIJING, Aug 19, 2010 (MARKETWIRE via COMTEX) -- Far East Wind Power Corp. (OTCBB: FEWP) ("Far East" or the "Company") has entered into a binding Letter of Intent ("LOI") with Taitong Energy Limited (the "Taitong") in order to acquire certain rights to a wind farm located in Yunnan Province of the People's Republic of China ("Yunnan").
James Crane, Chief Financial Officer, stated, "We came to terms with the representatives from Taitong and will move forward with Taitong immediately. Taitong's wind farm development is at a later stage than our previously announced wind farm development in Ningxia. Our business model is scalable and potentially could be extremely profitable due to unique market conditions in China. We are taking advantage of a niche marketplace in China. Chinese state-owned enterprises are developing wind farms but there is not enough development to meet China's stated renewable energy goals and many entrepreneurs in China are now aware of the value a wind farm can create and are attempting to enter the wind farm marketplace themselves. The issues these entrepreneurs face invariably revolve around start-up financing, of which these entrepreneurs generally do not have access to unless wind farm assets are already in place. We are working with these entrepreneurs to provide them with capital and refine their business plans so that as partners we can develop wind farms that will generate substantial cashflow for each partner for many years to come."
Highlights of the LOI are as follows:
-- FEWP will fund up to $20.0 million for development, agreement with
Taitong that FEWP will be repaid if and once the wind farm receives
financing from a PRC bank
-- Commitment from Taitong to execute business plan and work to obtain
all necessary remaining permitting and authorizations for the wind
farm, and secure low interest rate bank debt financing of up to $80.0
million
-- FEWP's ownership interest in the wind farm, to be structured as a
sino-foreign joint venture (the "JV"), will be 49%, Taitong will own
51%
-- FEWP will consolidate all assets, liabilities and results operations
under applicable accounting principles due to specific control
provisions negotiated into the LOI by FEWP
-- A monthly dividend distribution plan is agreed to whereby the maximum
allowable dividend is distributed to FEWP and Taitong based on
ownership percentages
-- Initial plans are for development of a 49.5 megawatt wind farm with
installed capacity to potentially generate $11.8 million in revenues
on an annualized basis if fully utilized
-- FEWP obtained a right of first refusal on remaining 99 megawatt ("MW")
preliminarily approved wind farms controlled by Taitong in Yunnan. If
all 148.5 MW are developed in Yunnan, potential revenue from the
Yunnan wind farms are projected to total $34.4 million in revenue on
an annualized basis if fully utilized.
The Wind Farm Industry in China:
In December 2009, revisions to China's original 2005 renewable energy law were adopted by the National People's Congress and were effective on April 1, 2010. The revisions contained three main provisions:
1. The renewable energy law was strengthened to guarantee that electric
utilities purchase all renewable power generated, including wind farm-
generated electricity. Previously, utilities were only obligated to
purchase renewable energy if there was sufficient power demand on the
electrical grid. Now, utilities must buy the power in any circumstance.
The revisions to the law also add deadlines and economic penalties for
utilities failing to comply with this guaranteed-purchase requirement.
2. The requirement for detailed planning and coordination, including
coordination of renewable energy with overall electric power sector
development and transmission planning, coordination of local, provincial
and national level development plans. Additionally, the roles and
responsibilities of the five main electric power companies are to be
redefined in relation to electrical grid interconnection of renewable
energy generators such that the five main electric power companies are
responsible for assisting with the development of renewable energy. The
law revisions also address topics such as energy storage and smart
grids.
The grid-related provisions included in the December 2009 legislative
revisions were as a result of the fact that the renewables sector has
been growing so fast, especially wind power. In the past few years the
growth of wind power in China has been so significant that transmission
planning and interconnection of the Chinese electric grid was falling
and electrical power generated through wind farms was being lost before
being transmitted to the electrical grid.
3. The revisions to the renewable energy law also strengthened a renewable
energy fund under the Ministry of Finance. Previously, this fund was
collecting a $0.06/kilowatt hour surcharge on electric power sales on a
nation-wide basis (some customers still remain exempt from the
surcharge). The Ministry of Finance applies those funds to the costs of
government-supported renewable energy projects and the costs of grid
connections. However, thus farm the surcharge has not been enough, so
the new revisions allow the Ministry of Finance to supplement the
renewable energy fund from general revenues.
Many other energy policy changes have also occurred recently.
1. China has instituted a target of 15% for renewable energy and non-fossil
fuel sources of electricity share of all final energy consumption by
2020.
2. In December 2009, China announced that it would reduce the carbon
intensity of its Gross Domestic Product by 40%-45% by 2020, relative to
2005 intensity levels.
3. China also recently instituted a three year tax holiday from local and
provincial tax for renewable energy projects. Subsequent to the tax
holiday, the tax rate will be 12.5% for three years, and 25% thereafter.
Additional information will be available shortly on the Far East Wind Power website at: www.fareastwind.com.
The Definitive Agreement shall contain customary representation and warranties, covenants and indemnification provisions. Details of the company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About Far East Wind Power Corp. (OTCBB: FEWP) Far East Wind Power Corp. aims to generate clean and profitable energy in one of the world's fastest growing energy sectors through access to a portfolio of utility-class wind power development projects. Far East will inject innovation to drive cost out of turbine manufacturing, introduce new technologies and strategic relationships, and aggressively pursue all available low costs of capital to deliver the most competitive cost per capacity and highest rates of return in the Asian marketplace. For more information, visit: www.fareastwind.com.
Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
I get these promotional letters in the mail at least once a week. Many uninformed investors buy in at the same time the company or insiders are selling their shares.
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