Windswept Environmental Systems, Inc. (fka WEGI)

[Renee]

WEGI revoked:

http://www.sec.gov/litigation/admin/2012/34-67441.pdf

[Renee]

WEGI SEC Suspension:

http://www.sec.gov/litigation/suspensions/2012/34-66997.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2012/34-66997-o.pdf

ADMIN Proceeding:

http://www.sec.gov/litigation/admin/2012/34-66998.pdf

[10bags]

okey

[Drugdoctor]

In view of the Company’s-current-inability-to-pay-its-expenses as they become due and to pay the secured loans, the Company has terminated operating activities except insofar as to collect receivables, liquidate all assets and pay (i) accrued payroll (and related taxes), (ii) its secured lenders and, (iii) to the extent applicable, taxing authorities. As a result, it is anticipated that no assets will be available for distribution to stockholders.




WINDSWEPT ENVIRONMENTAL GROUP INC: 8-K, Sub-Doc 1



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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549






FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): February 6, 2009


WINDSWEPT ENVIRONMENTAL GROUP, INC.
(Exact name of registrant as specified in its charter)

Delaware 0-17072 11-2844247
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)



895 Waverly Avenue, Holtsville, New York 11706
(Address of Principal Executive Offices) (Zip Code)




[phone]
(Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions
(See General Instruction A.2. below):


[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



See Item 8.01 below.


Item 8.01 Other Events.



On February 6, 2009, Windswept Environmental Group, Inc. (the “Company”) received notification from its secured lenders that, in view of the Company’s defaults, they were accelerating the payment on their loans. These loans are in the current approximate aggregate principal amount of $5,908,000.



Prior thereto, the Company sought to obtain financing and potentially pay off its secured loans. Negotiations with one possible financing source were terminated by such financing source and no additional sources of capital were located. In view of the Company’s current inability to pay its expenses as they become due and to pay the secured loans, the Company has terminated operating activities except insofar as to collect receivables, liquidate all assets and pay (i) accrued payroll (and related taxes), (ii) its secured lenders and, (iii) to the extent applicable, taxing authorities. As a result, it is anticipated that no assets will be available for distribution to stockholders.



On February 6, 2009, Dr. Kevin Phillips resigned as a director of the Company, on February 12, 2009, Anthony P. Towell resigned as a director of the Company and on February 13, 2009, Arthur J. Wasserspring resigned as Chief Financial Officer of the Company. Messrs. Phillips and Towell were also members of the Audit and Compensation Committees of the Board. Jeffrey Micheli remains an officer and director of the Company and all employees of the Company have been terminated.




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SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


WINDSWEPT ENVIRONMENTAL GROUP, INC.


Date: February 17, 2009 By: /s/ Jeffrey Micheli
Jeffrey Micheli
President

[Drugdoctor]

You are kidding, right? There is no underlying company.. get real!

[10bags]

breakout here look at the charts: first trager 12 cent with big volume we could easy see 30 cent

[10bags]

time to buy lowfloater soon over 10 cent

[Drugdoctor]

WEGI has been liquidated....

[$treet Trader]

WEGI .03/next environmental play???

[Drugdoctor]

BTW, the el nino may be back, the forecast is up on the Hurricane Play board, better than average chance of hurricane strikes this year. I'm loading some plays already before anyone else thinks of it, lol

[Drugdoctor]

You got that right, but there is another one like WEGI but much bigger and better- see my post on hurricane board and I believe you will agree. Another thing.. there was a hurricane play run last summer... you just had to have the right stocks

WEGI is basically an empty shell, but maybe they are starting it back up... However I'd never touch it at this price... way too many convertibles, debt, and other issues that a buyer would have to resolve...

[chevdawg18]

Something has gotta be goin on ehh Cargo? I miss the good ole days of WEGI and the hurricane runs LOL.

[Drugdoctor]

I'm amazed people are still buying this stock, when there is no underlying business anymore...This run to .02 is absolutely incredible!

GLTY

[BuckeyeTrader]

well i am new investor i would be pumped if it hit .25. GLTY

[BuckeyeTrader]

anything going on with this stock

[meffoos]

Okay, not a bad start on the price. Save the laughs, but I am hanging high and dry at .25 from a couple years ago. Still holding, knowing that our time is coming some day.

meffoos

[g-ianni]

I live in Fla now, used to live in nyc, then moved to New Haven, ct. Last ONE i remember was in the 80's quite a while ago, Gloria I believe. blew the skylight right off my condo.lol

[nixsix28]

watch tHAT hurricane land in ny ...has NOT happened in a long time ...nypdblue would CRAP himself..LOL

[g-ianni]

I hear ya, grab those profits when you can, anything else really doesn't matter imo.

[nixsix28]

I SOLD OUT and bought spng actually i mmade money back ecven if this went to 8 cents..lol

[g-ianni]

You can lead a horse to water , but you can't make him drink, I already made some coin on the other one, waiting for pullbacks to decide which one I get back into. glty

[nixsix28]

lol just shows you not investors re smart..lol

[g-ianni]

LMAO! WHO FINISHED GREEN TODAY.

[nixsix28]

bugs isnt near what nsmg will do

[nixsix28]

whom freaking bgought this stock?wow...sold to soon...never bthough this would move above .015

dumb....a... nmsg all the way

[NYPDBLUE]

Glad i sold this at .023,it wont get there again IMO.Yes the other stock is the one this year and only one this year.

[meffoos]

I'll let you all in a secret...the action is in NSMG right now. Wegi it toast. That's the hard cold facts. I own wegi and lost conciderably. But, I bought into NSMG and am now up 261% on my investment, and that was before any news, storms, or anything. So, the question is not, "what's up with Wegi," its, "What is the next play?" Take a guess on the best pick of the year for that. NSMG. See you over there.

meffoos

[g-ianni]

if you come to this board lookinfg for a cane play, come on over to bugs.

[printmail01]

Hello... WEGI is out of business , declared bankrupcy few months ago.... done deal over and out.....

[Ducky38294]

Frickin' got me! No news, no post on yahoo either? Watch it dissapear tomorrow Lol!

[Charlie Galveston]

Whats up with WEGI? Anyone?

[Jimmy Mac]

shhhhhhhh
WEGI terminated operating activities in FEB
Am I missing something???
Good 'Cane players may consider NSMG
Best
jm

[nixsix28]

anyone noticed hurricane andres yet?

[Ducky38294]

Thanks Rhi...

[weatherfuel]

Still has a bid and ask. I hear the CEO passed on. All I know is when you call the phone numbers it gets obvious that something aint right.

[Ducky38294]

WTF happened to this company??

[meffoos]

The action is over in NSMG. I still have my wegi shares (next years tax loss), but I just bought into Nation Storm Management. And they just put out a pr.

Have a great day everyone!!

meffoos

[printmail01]

As a result, it is anticipated that no assets will be available for distribution to stockholders.

[Drugdoctor]

Incredible..... the price rise here!

[weatherfuel]

Thanks dude. I sold my 68000 shares today and purchased BCON. I lost 50% on WEGI but I think I may get it back OK with BCON. Funny how its going up in price though I dont get it lol..thanks again.

[penny_foolish]

WINDSWEPT ENVIRONMENTAL GROUP INC: 8-K, Sub-Doc 1



--------------------------------------------------------------------------------

--------------------------------------------------------------------------------


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549






FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): February 6, 2009


WINDSWEPT ENVIRONMENTAL GROUP, INC.
(Exact name of registrant as specified in its charter)

Delaware 0-17072 11-2844247
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)



895 Waverly Avenue, Holtsville, New York 11706
(Address of Principal Executive Offices) (Zip Code)




[phone]
(Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions
(See General Instruction A.2. below):


[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




--------------------------------------------------------------------------------

--------------------------------------------------------------------------------



--------------------------------------------------------------------------------




Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



See Item 8.01 below.


Item 8.01 Other Events.



On February 6, 2009, Windswept Environmental Group, Inc. (the “Company”) received notification from its secured lenders that, in view of the Company’s defaults, they were accelerating the payment on their loans. These loans are in the current approximate aggregate principal amount of $5,908,000.



Prior thereto, the Company sought to obtain financing and potentially pay off its secured loans. Negotiations with one possible financing source were terminated by such financing source and no additional sources of capital were located. In view of the Company’s current inability to pay its expenses as they become due and to pay the secured loans, the Company has terminated operating activities except insofar as to collect receivables, liquidate all assets and pay (i) accrued payroll (and related taxes), (ii) its secured lenders and, (iii) to the extent applicable, taxing authorities. As a result, it is anticipated that no assets will be available for distribution to stockholders.



On February 6, 2009, Dr. Kevin Phillips resigned as a director of the Company, on February 12, 2009, Anthony P. Towell resigned as a director of the Company and on February 13, 2009, Arthur J. Wasserspring resigned as Chief Financial Officer of the Company. Messrs. Phillips and Towell were also members of the Audit and Compensation Committees of the Board. Jeffrey Micheli remains an officer and director of the Company and all employees of the Company have been terminated.




2
--------------------------------------------------------------------------------




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


WINDSWEPT ENVIRONMENTAL GROUP, INC.


Date: February 17, 2009 By: /s/ Jeffrey Micheli
Jeffrey Micheli
President






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[weatherfuel]

None of the phone numbers work so maybe your right.

[weatherfuel]

http://www.cnn.com/2008/WORLD/weather/12/10/hurricane.season.2009/index.html

[weatherfuel]

what pr? where is the link?

[chevdawg18]

WEEEEEEEEEEGI makin a move ehhh with a .03 ask most of the day. wowsa, i am shocked with that pr stating they are going outta business, but congrats all

[NYPDBLUE]

Well I bought at a little less than .01 and it is at .02 now ,so you keep trying.bid 0.018 ask .03 I see an uptrend.Can't deny it.

[printmail01]

lol, with what volume? I dont see any even remotely real money crossing the WEGI tape.... lol....

[NYPDBLUE]

No luck needed ,I already have a double LOL!

[printmail01]

lolgoodluckwiththatthisyear.eom

[NYPDBLUE]

Great flipper on that