Solar Wind Energy Tower Inc. (fka SWET)

[lucky, mydog]

well, you know that they need to accomplish that task before they can achieve revocation.

[Slojab]

Kudos to Ron for getting SWET trading on the greys.

[Slojab]

Well, gee whiz. Who would have ever thought that would happen here?

[Renee]

SWET SEC Suspension for severely delinquent Financials:

https://www.sec.gov/litigation/suspensions/2019/34-86973.pdf

Order:

https://www.sec.gov/litigation/suspensions/2019/34-86973-o.pdf

Admin. Proceeding:

https://www.sec.gov/litigation/admin/2019/34-86972.pdf

[Cycleman]

What part of this response

Quote:
SWET must complete a fund raising (approximately $100,000 of which is required to catch up on filings). There are no disputes or issues, just a costly task

leads you to believe that he's got $90 of the $100k he allegedly needs to bring SWET current?

[Sheepdog]

Want to get scammed? Talk to a scammer......That is how these pinky scams like SWET operate.

SWET is a fully reporting company that reports nothing, but relies on fantasies and frauds of "management" for info.

[Slojab]

7 more OTC tickers were suspended today. Their last filings were from between 9/16 and 11/17. SWET's last filing was for 9/16.

It seems only a matter of time before SWET is suspended, as well.

[Slojab]

Four more tickers were suspended today for delinquent filings. Two of them had filings on 9/17 and one in 3/18. Both were more current than SWET.

SWET's last filing was for 9/16. Shareholder have to be nervous.

[Slojab]

Since I'm not a shareholder, I thought it would be a question one could put to him.

If you are interested in a response to questions, I recommend using this link. www.solarwindenergytower.com/contact-us.html
State if you are a share holder.

[TimeMoney]

Let us know what the response was.

Perhaps a question that could be put to Ron is, is he aware of this situation and if so, what is the benefit of trading on the greys?

[Slojab]

The SEC is active again, suspending trading in companies delinquent in their SEC filings. 38 in the last month alone and many with filings more current than SWET's.

https://otce.finra.org/otce/tradingHalts

Perhaps a question that could be put to Ron is, is he aware of this situation and if so, what is the benefit of trading on the greys?

[Slojab]

There's nothing the company can divulge to anyone in a private email, whether a shareholder or not, that would be meaningful. Anything meaningful would need to be put into a press release, 8-K or Tweet.

[TimeMoney]

If you are interested in a response to questions, I recommend using this link. http://www.solarwindenergytower.com/contact-us.html
State if you are a share holder.
State 1 simple question.
(BE NICE) no vulgarity or finger pointing.
With in a week you will get your response.

For instance if you are curious about; Funding, PPA, Estimated Time of Ground Breaking in Arizona, ...

You will be amazed at the response you get if you use honey vs shit.

I posted the response I received. The response was disappointing, BUT there was a response.

Good Luck To All

[Slojab]

Nothing in over a year from Pickett to San Luis.

https://www.sanluisaz.gov/agendas

Enter Ron Pickett, not Arizona Green Power.

[Homebrew]

Perpetual motion wind tower SCAM finished yet?

[swingingRichard]

Well, that would be from the shares daddy sells. So, that makes it the shareholders' pockets even if we are talking about debt.

[Sheepdog]

His son said that daddy was financing this thing out of his pocket....

Guess that was just another in a long line of lies that goes in the family?

[TimeMoney]

From the response I received it sounds like he has $90k of the $100k. 9/10th of the fund raising goal. I am a little curious to see if the remaining $10k will be had, or the SEC will begin delisting procedures. Or if the SEC starts the procedure, the additional $10k will magically appear? With the Sub Penny stocks there is no way to know for certain.

[swingingRichard]

This still trades, hilariously.

[Sheepdog]

So funny Ronnie said he needed to raise money for an audit......What he needs to do is get a PPA.....but he will never be able to do so.....Because a PPA goes both ways.....a 20 year PPA would require Ronnie to guarantee the power production for that time. He says this can now produce like a zillion MW/sec....all he has to do it put up his guarantee and we are off......


.....our rockers if we believe it.

[TimeMoney]

So how should I go about collecting that buck?

[Nomad505]

Ooops, blurry eyed post.

I don't know how I missed that that was the response.

Guess my scepticism runs very very deep.

[Nomad505]

I bet you $1 you don't even get a reply.

Remember when they said that they had so many requests for PPAs that they couldn't handle them all? Something about "please resubmit" because we must have missed some? I bet that statement is still on their website.

This project was smoke and mirrors back then. Now it's just smoke. Really thin smoke that vaguely smells like weed.

[Sheepdog]

IF and it is a big IF this plays out and the tower is built and runs the reward better be worth this very large risk.

It's hard to imagine a bigger IF. That said....if it is built, the time to sell would be just before it becomes non-operational. Let the financiers for the tower take the hit.

The shareholders are only financing Pickett.

[TimeMoney]

I put in the request on the SWET website, but the response was from Green Energy Arizona. I see SWET issuing more shares to raise the capital for the filing.
I was polite in my inquiry, & the response was honest. More than what I was expecting. Nice to see someone was at the wheel.
Playing chicken with the SEC is not the best game plan. IF and it is a big IF this plays out and the tower is built and runs the reward better be worth this very large risk.
Good Luck To All

[Sheepdog]

The managing member of Arizona Green says "SWET shareholders, give me another $100K so I can pay $10K to an auditor"

LMAO

[TimeMoney]

Emailed SWET asking when I can expect to see the next FEC filing. It only took a couple days to hear from them. This is the response:

SWET must complete a fund raising (approximately $100,000 of which is required to catch up on filings). There are no disputes or issues, just a costly task.

Managing Member, Arizona Green Power, LLC.
1997 Annapolis Exchange Parkway, Suite 300.
Annapolis, MD 21401
410-972-4713 (o) 910-619-3171 (c)
[e-mail]
www.arizonagreenpower.com

[Sheepdog]

...and his little boy......

[Cycleman]

You're assuming that Ron gives a s$#t about the shareholders. Rest assured, Ron cares only about himself.

[Slojab]

Like I sated, that might be the plan. Abandon the shell. There's no other reason I can think of why there hasn't been a deregistration statement filed. I'm also surprised Ron hasn't addressed the matter, either directly on his own or through a prompt by a concerned shareholder.

[Sheepdog]

this POS will likely never recover from the greys.

[Slojab]

Next, or not, I wouldn't be surprised if it's suspended before the year is out. As you noted, others have been suspended that filed financial reports later than what SWET has. And once suspended, go to the greys. Is that the plan, I wonder? SWET on the greys and Arizona Green Power a free private company?

[Sheepdog]

Are we sure SWET is not next? Many of those suspended were as, or less delinquent than SWET

[Cycleman]

This POS is going nowhere ... with or without a green new deal. And isn't it always true that you can't lose (not "loose" ... that's the change in your pocket) more than what you put in?

[Slojab]

Ron needs to take the possibility of an SEC suspension seriously. I checked a few of the stocks and some have posted financial reports for 12/16.

SWET's last report was for 9/16.

[Slojab]

The SEC is cracking down on delinquent filers.

https://otcmarketresearch.com/sec-gives-delinquent-filers-a-wake-up-call/

Even if a delinquent filer hasn’t been abandoned, it is still bad to allow the stock to continue to trade for the simple fact that the Issuer isn’t providing the public with adequate information to allow investors to trade the stock without taking greater than acceptable risks. Even worse is when the Issuer is actively touting its business operations on social media and/or in press releases without validating its claims in public filings. An Issuer that refuses to validate its claims in public filings is lying to the public an overwhelming majority of the time.

As I've been saying....

SEC registered stocks that have fallen behind with their SEC reporting obligations are not the only ones that should be using this latest round of suspensions as a warning. Traders should take notice as well.
Delinquent Filers run the risk of being suspended at any time without warning.

[swingingRichard]

ANNAPOLIS, MD, Aug. 23, 2018

Year old news? That's all we've got now?

[Sheepdog]

Ever notice how every year the PPA prices drop by 30% and Pickett announces his "scientists" have discovered the tower will put out another 30% for free?

Of course his "scientist" is an out of work TV weatherman.

[TimeMoney]

Ronnie? Not even close. As far as SEC filing https://www.marketwatch.com/investing/stock/swet/secfilings
I do not expect any news until, that is IF the USA decides to follow through with The Green New Deal. Until then this is about as risky as you can go without leveraged instruments. You can not loose more than what you put into this Lottery Ticket. I would not recommend buying this stock, unless you are fine with 100% loss, but I believe that holds true on almost any Sub-Penny Stocks. Again not Ronnie, my initials are G. T. B. Not a Ronnie in the bunch... lol

[Sheepdog]

It has been almost 4 years since the period of the last audit. Around 4 years is the time frame the SEC decides to send such "reporting companies" to the graveyard of the greys.

[Sheepdog]

How about a financial statement this decade Ronnie?

[Sheepdog]

Ahhhh, you got me there ......an update from a year ago....how scammy can Pickett get?.

[Sheepdog]

Example of 100% pinky bullshit:

Arizona Green Power, LLC has been working with potential investors to fund the project now that the total estimated project costs and output has been determined.

Seems to me their estimated costs and output were always estimated costs and output....until they become estimated costs and output of course..

LAMO...these pinky scams are sooooo easy.

[Sheepdog]

So funny. The repurposed tower that was going to be a demonstration of the viability of the tower, then was described as never having been intended to demonstrate the viability of producing power because it was only 400' high, is again going to be used to demonstrate the viability.....bla, bla, bla.

The whole thing is just another of the reiterations of old representations proved false........but this time it will work! Why? Because Picket needs some more pocket cash from shareholders.

LMAO.....pure scam here.

[swingingRichard]

funny definition of "update."

[Slojab]

That UPdate is OUTdated.

ANNAPOLIS, MD, Aug. 23, 2018

[TimeMoney]

Update: https://www.globenewswire.com/news-release/2018/08/23/1555796/0/en/Solar-Wind-Energy-Tower-Inc-Provides-Arizona-Project-Update.html

[Nomad505]

The world's first solar road has turned out to be a colossal failure that's falling apart and doesn't generate enough energy, according to a report.

What a surprise...

Who called that?

https://www.businessinsider.com/worlds-first-solar-road-turned-out-colossal-failure-2019-8

[Sheepdog]

It's been perpetual non-motion for the filings here in this "fully reporting" Company.

But that is typical for these pinky scams.

[Homebrew]

Perpetual motion type scam still only hot air....No surprise.