Worldwide Energy and Manufacturing (fka WEMU)

[tigerpac]

The SEC has released it's findings...ironically it's Mindy Wang and Jeff Watson that get the fines and suspensions. Jimmy Wang escapes punishment because he turns States witness and rats everyone out to save his hide.

Fines are rather small considering the offenses. Lots of new information including failed buyouts of the company during 2012. No information on what is planned for the remainder of the company that generated 20% of WEMU's total revenues. Or if they ever plan on resusitating the stock which means figuring out how to get the revoked staus lifted.

https://materials.proxyvote.com/Approved/98158R/20121008/SHLTR_143355.PDF

https://materials.proxyvote.com/Approved/98158R/20121008/SHLTR_143356.PDF

[johnsyn]

doomed before, remain doomed. So sorry for those who bought let alone held.

[Renee]

Additional SEC Litigation:

http://www.sec.gov/litigation/litreleases/2012/lr22475.htm

SEC Complaint:

http://www.sec.gov/litigation/complaints/2012/comp-pr2012-181.pdf

[johnsyn]

SEC Charges Solar Manufacturer With Concealing Agreement to Transfer Ownership Stake in Its Chinese Subsidiary
09/06/2012 03:51 PM EDT

FOR IMMEDIATE RELEASE
2012-181

Washington, D.C., Sept. 6, 2012 – The Securities and Exchange Commission today charged a solar panel manufacturer headquartered in South San Francisco and three of its former executives with defrauding investors by concealing the transfer of nearly half of the ownership stake in its Chinese subsidiary to three individuals in China who manage the subsidiary.

The SEC alleges that Worldwide Energy and Manufacturing USA Inc. (WEMU) raised nearly $9 million from U.S. investors in early 2010 in order to expand its solar subsidiary based in Rugao City, China. The Chinese subsidiary represented the bulk of WEMU’s operations and generated 77 percent of the company’s revenue the previous year. In a power point presentation at road shows and in other communications with investors, the company’s founder and chairman of the board Jimmy Wang and the company’s president Jeffrey Watson touted the solar subsidiary’s success as the primary growth area for the company and represented that the company fully owned its Chinese subsidiary. They neglected to tell investors that WEMU actually was set to transfer 49 percent of the equity in the Chinese subsidiary to its three managers. This critical ownership deal was not disclosed in the company’s filings or offering documents. Later, Wang and his wife Mindy Wang, who served as the company’s vice president, secretary and treasurer, went so far as to sign additional agreements to effectuate the transfer that were concealed from WEMU’s board and auditors.

WEMU, the Wangs, and Watson agreed to settle the SEC’s charges.

“WEMU and its executives deliberately withheld the fact that its investors would not have a full ownership stake in its largest and most profitable subsidiary,” said Marc J. Fagel, Director of the SEC’s San Francisco Regional Office. “The decreased ownership interest in the subsidiary would be a key piece of information for anyone investing in a company with significant offshore operations.”

According to the SEC’s complaint filed in federal court in San Francisco, because the company’s future success depended on the technical expertise and sales connections of the three Chinese solar managers, WEMU entered into a stock option agreement with them in January 2008 that included consideration for a future change in organizational structure. The Chinese subsidiary grew dramatically over the next year and quickly became WEMU’s most profitable subsidiary. In February 2009, Jimmy Wang signed two key agreements on behalf of WEMU to share 49 percent of the Chinese subsidiary’s net profits with the solar managers and to transfer 49 percent of the subsidiary’s equity to them in February 2010. Failure to disclose these agreements resulted in WEMU filing false and misleading quarterly reports for the first three quarters of 2009 and first quarter of 2010.

According to the SEC’s complaint, WEMU management began planning a capital raise in the fall of 2009 so it could expand its solar operations by building a factory in China to manufacture solar panels. When Jimmy Wang and Watson went out to raise money from investors in early 2010, there was no mention of the agreement to transfer an ownership stake. Instead, in order to avoid informing investors about the profit sharing arrangement and contractual obligation to transfer equity to the Chinese subsidiary’s managers, Jimmy and Mindy Wang traveled to China in March 2010 to secretly sign a set of side agreements that allowed the solar managers to begin the registration process with the Chinese government to effectuate the transfer. Both Jimmy and Mindy Wang concealed these side agreements from WEMU’s auditors, other executives, and its board of directors. The company’s failure to report the transfer of the solar subsidiary resulted in a material overstatement of net income to WEMU’s reported financial statements.

Without admitting or denying the SEC’s allegations, WEMU agreed to pay a $100,000 penalty and be permanently enjoined from future violations of antifraud, reporting, books and records and internal controls provisions of the federal securities laws. The Wangs and Watson consented to permanent bars from serving as officers or directors of a public company and agreed to be permanently enjoined from future violations of the antifraud and other provisions of the federal securities laws. Mindy Wang and Watson each agreed to pay penalties of $50,000. The terms of the settlement with Jimmy Wang reflect credit given to him by the Commission for his substantial assistance in the investigation and the fact that he has entered into a cooperation agreement to assist in the ongoing investigation.

The SEC’s investigation was conducted by staff accountant Adrienne F. Miller, staff attorney Alice L. Jensen, and Assistant Regional Director Jina L. Choi in the SEC’s San Francisco Regional Office.

The SEC acknowledges the assistance of the U.S. Department of Labor in this matter.

# # #

[Renee]

WEMU revoked:

http://www.sec.gov/litigation/admin/2012/34-66999.pdf

[PennyNK]

And to add insult to injury, just as I was about to every other day trade this, there's a DTC chill note on it. I hear the German markets don't go for these kind of shenanigans, oh, I also hear their economy is in far better shape than ours. Wonder when Americans will get some kind of principles. What a piece of crap .... why is our stock market no better than common thievery and gets away with it!! I can rob a bank or people too you know.

PennyNK

[PennyNK]

1hot, take a look and see if you can strategize buying at these lows and recup you're money. I think they may have played it down but it's going to go up for a bit. .51 cent buy .89 sell coul help even the odds. GL PennyNK

[1hothand]

Penny,

I sold at $2.50 I paid $5 average. I feel they are not interested in shareholder support. They continue to show ignorance and I will not buy another chinese stock ever again.

Good Luck

[PennyNK]

WHAT IS Going On!!!! I've NEver seen it this low? I choose this stock for the long long haul too and I'm just shocked! Is the company diluting or something??? Any thoughts out there?? PennyNK

[1hothand]

What in the hell is Jimmy doing now? What a complete idiot! Is he trying to go to pinks?

[SimonL]

CHART 9/17

[911]

NEWS HERE...KEEP ROLLIN...GL..


Worldwide Energy and Manufacturing USA Announces July Financial Update
Date : 09/01/2010 @ 9:32AM
Source : GlobeNewswire Inc.
Stock : Worldwide Energy and Manufacturing USA, Inc. (WEMU)
Quote : 3.15 0.23 (7.88%) @ 12:55PM


Worldwide Energy and Manufacturing USA Announces July Financial Update
Worldwide Engy& Mfg Usa (BB) (OTCBB:WEMU)
Intraday Stock Chart
Today : Wednesday 1 September 2010

Worldwide Energy and Manufacturing USA, Inc. (OTCBB:WEMU) ("Worldwide" or the "Company"), a U.S.-based China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today provided a financial update for the month of July 2010 with selected income statement data.

Total revenues for the month of July were approximately $14.8 million, up 229% from $4.5 million in the same period last year. Sales from the Company's solar division totaled $13.1 million, an increase of 296% from $3.31 million in the same month of 2009. Contract manufacturing revenues were $1.7 million, up 43% year-over-year from $1.19 million. Solar Division and Contract Manufacturing sales made up 89% and 11%, respectively, of total sales in July. The Company's gross profit margin was 9.1% in the month of July.

Jimmy Wang, CEO of Worldwide, commented, "The first month of our third quarter has been a promising one. We have incurred all of the one-time overhead costs of moving from our Ningbo facility to the new Nantong facility in Rugao, which negatively impacted our profit margin in the second quarter. So far this quarter we have seen the profit margins improve for both the solar division and the Company as a whole.

Based on our strong July sales, we are on a run rate to generate over $44 million in revenues for the third quarter and much higher operating profit than that of the recently reported second quarter. As we continue to ramp up production at our new Nantong facility and build on our existing success in penetrating the crucial European solar market, we expect strong continued financial growth in the remainder of the year."

Global demand for solar and other sources of clean energy continues to grow, as China spent roughly $23 billion on wind, solar, and other renewable power sources in the first half of 2010, more than total spending on renewable energy by the United States and Europe combined, according to Bloomberg. The U.S. was the second largest clean energy spender, at $13.7 billion, while Brazil and Canada followed at $4.7 billion and $3.2 billion, respectively.

About Worldwide Energy and Manufacturing USA

Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com), headquartered in South San Francisco, California, is a 17-year-old engineering-oriented firm specializing in photovoltaic (PV) module, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the solar energy, wireless telecommunications, aerospace, automobile and medical equipment industries. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.

Forward-looking statements

The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

CONTACT: Worldwide Energy and Manufacturing USA
Jeff Watson
650-794-9888, Ext.223
[e-mail]
http://www.wwmusa.com

RedChip Companies, Inc.
Investor relations:
Alexander Nachman
1-800-733-2447, Ext. 118
Dave Gentry
1-800-733-2447, Ext. 104
[e-mail]
http://www.RedChip.com

[redchipir]

PennyNK not pumping just reporting Q2 numbers


Thanks

[PennyNK]

Yea yea yea .... why do you folks need to pump it!!!

And WHY is the stock dropping so drastically. I've NEVER seen it perform so poorly though I'm in for the long haul here but still. At least stay at 4!!

PennyNK

[redchipir]

Worldwide Energy and Manufacturing USA, Inc. Announces Second Quarter 2010 Financial Results, Highlighted by 286% Increase in Revenues
Press Release Source: Worldwide Energy and Manufacturing USA, Inc. On Monday August 16, 2010, 6:10 pm EDT
• 2Q10 Revenues Up 286.2% Year-Over-Year to $39.8 million
• 2Q10 Net Income Attributable to Worldwide Reaches $1.3 million, Up From Net Loss of $1.1 Million in 2Q09
• 2Q10 EPS of $0.23, Up From $0.30 Loss Per Share in 2Q09

[redchipir]

Worldwide Energy and Manufacturing USA Announces Opening of PV Module Factory in Nantong
Facility Will Have an Initial Production Capacity of 100 MW Per Year Aug 9, 2010 5:55:00 AM
2010 GlobeNewswire, Inc.


Worldwide Energy and Manufacturing USA, Inc. (OTCBB:WEMU) ("Worldwide" or "the Company"), a U.S.-based China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced the opening of the Company's 129,000-square-foot photovoltaic (PV) solar module production facility and R&D center in Nantong, China.

The new facility will have an initial production capacity of 100 megawatts (MW) per year and is scheduled to begin initial operations in the third quarter of 2010 with 120 employees. The location is large enough to accommodate two building expansions that would bring the total manufacturing capacity to 300 MW per year. Worldwide expects to increase its staff at the facility to 200 associates near the end of 2010. In addition to the manufacturing plant, the facility also houses an 11,000-square-foot research center for the continued development of the Company's "Amerisolar" brand solar modules as well as complete PV solar energy systems. Unlike its leased facility in Ningbo, China, Worldwide owns the Nantong facility outright, as well as the 484,000-square-foot parcel of land on which it is situated. Approximately 100 people, including local government officials, attended the opening ceremony of the new facility on July 29th. Nantong, located near the coast of the East China Sea, is about 120 miles north of Shanghai and is known as the economic hub of the Jiangsu Province.

According to solar market research and consulting firm Solarbuzz, the global PV industry generated $38.5 billion in revenues in 2009 and is expected to experience strong growth over the next few years. Solarbuzz forecasts that annual global PV sales could approach as much as $100 billion by 2014.

Worldwide's Chief Executive Officer, Jimmy Wang, stated: "We are very excited about the opening of our Nantong facility, which will help us meet the growing demand for our high-quality solar modules. This new facility greatly increases our solar manufacturing capacity. We expect company ownership and lower operating costs at the new facility to improve margins for Worldwide."

About Worldwide Energy and Manufacturing USA
Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com), headquartered in South San Francisco, California, is a 17-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the solar energy, wireless telecommunications, aerospace, automobile and medical equipment industries. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.

Forward-looking statements:

The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

[sherryredchip]

Worldwide Energy and Manufacturing USA Announces Second Quarter Operating Update

SOUTH SAN FRANCISCO, Calif. and SHANGHAI, China, July 22, 2010 (GLOBE NEWSWIRE) -- Worldwide Energy and Manufacturing USA, Inc. (OTCBB:WEMU - News) ("Worldwide" or "the Company"), a U.S.-based China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today provided an operating update for its second quarter ended June 30, 2010 with selected operating data.

The Company has secured contracts in its second quarter with 15 new solar customers, located primarily in Germany, France, Italy, and the United Kingdom, bringing the Company's total client base for its Solar Division to roughly 60 customers. Orders from the new clients average more than 1 MW of power each, with the largest accounting for 17.5 MW. Additionally, the Company's total order backlog now exceeds $100 million, and management expects the majority of the pending orders to be completed and shipped by the end of the year.

Worldwide estimates that it delivered a total of more than $38 million in orders during the second quarter, compared with $10.3 million in the same period last year, an increase of about 270% year-over-year. The Company's solar division alone shipped roughly $35 million in orders in its second 2010 fiscal quarter, an increase of roughly 370% from second quarter 2009 sales of $7.5 million.

Global demand for photovoltaic solar panels continues to show enormous growth potential for the second half of 2010. Solar research and consulting firm Solarbuzz recently raised its projection of the 2010 photovoltaic market size to 15.2 GW, more than double 2009 installations of 7.5 GW. Companies in the industry generated estimated revenues of $12 billion in the first quarter of 2010, or almost 300% greater than first quarter revenues in 2009.

Worldwide's Chief Executive Officer, Jimmy Wang, stated: "Our strong order backlog and new client additions in the recently ended second fiscal quarter speak to the quality of our products and our growing industry exposure. As we enter the second half of our fiscal year, we are very optimistic and expect to deliver continued strong financial performance for the foreseeable future."

About Worldwide Energy and Manufacturing USA

Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com), headquartered in South San Francisco, California, is a 16-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the solar energy, wireless telecommunications, aerospace, automobile and medical equipment industries. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.

Forward-looking statements:

The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.


Investor relations:
Alexander Nachman
1-800-733-2447, Ext. 118

[BigOnChina]

The numbers this morning were nothing short of fantastic. I'm excited about this stock and I can smell a potential uplist in the not so distant future...

[1hothand]

chinese energy policy

thanks Joe Stocks

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52518767

[1hothand]

CNBC strategy session. today, Bankers Flock to Beijing


http://www.cnbc.com/id/15840232?video=1549058915&play=1

[1hothand]

http://finance.yahoo.com/news/Chinese-Official-Boasts-Even-indie-1566057276.html?x=0&.v=1

[1hothand]

Wemu $3.85 bid 3.65. I like the company, I would expect this to run into $6 ish by year end. Not a chart person, but it would appear there's selling and buyers are coming in. Last 2 weeks quite a range of $4.50 and $3.45. Buy in stages. I wish wemu moved onto nasdaq. Any questions contact Jeff Watson at [e-mail]. Asked him what is Wemu doing to move onto another exchange.

good luck

[MasterTbone]

i was looking for a solar stock, i think solar has a good future, someone just told me about this stock.

whats the scoop?

[redchipir]

WEMU at Global Hunter Conference

WEMU presents at Global Hunter Conference

I was there and WEMU's presentation had good attendance and company's presentation was solid

[1hothand]

wemu $ 3.80. heading lower imo. Stock just doesn't get any love. I'm hoping Jeff Watson has his act together otherwise I'm going to be crushed.

[BigOnChina]

still a very inexpensive stock and if it falls any lower I'm going to have to jump in for more shares. At this growth rate I'm thinking we're looking at a double in the next 2 years,

[bradford86]

looking through a report

http://www.redchip.com/files/redchipReports/WEMU_1Q10_Update.pdf

napkin math

says that the normalized earnings right now are about $0.90 putting the p/e at 5 or so, and this last quarter was boosted by $1.26M of net income.

so, i thought i was looking at a p/e of 2.5, oh well, guess not

[ICEQUITY]

WEMU REG_SHO Overview Threshold Security List 5/21/2010

Market Category Counts

OTCBB (U) Other OTC (u) NASDAQ (Q,G,S)
14 18 10
File Download

Trade Date Download Link File Creation Timestamp
Friday, May 21, 2010
Download
5/21/2010 11:00:04 PM
Threshold Security List

http://www.litecapital.com
LITE Capital Communications - Investment Research

As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:

There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and The security is included on a list published by a self-regulatory organization (SRO).

A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.

The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision” effective October 15, 2007. Please refer to Regulatory Alert #2007-086 for complete details.

On January 2, 2007, a Regulation SHO Threshold List for NASDAQ and OTCBB stocks was not published on NASDAQTrader.com. As a result, certain original published Regulation SHO Threshold/NASD 3210 Lists listed below have been modified. Please review General News 2007-022 for complete details.

Certain securities included in the July 7, 2006, Regulation SHO Threshold List published on the NASDAQ Trader website should not have been included. Firms are advised to refer to NASDAQ's General News item and review the revised list of securities subject to the Regulation SHO requirements for July 7, 2006.

For detailed information, please visit the SEC's website at:

http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm
http://www.sec.gov/spotlight/keyregshoissues.htm
Note: The list below contains securities from OTCBB, Other OTC and NASDAQ markets. The totals below reflects the number of securities from each marketplace that are included in the list. Please review the "Market Category" field for the specific listing market for each security.


Symbol Security Name Market Category Reg SHO Threshold Flag Rule 3210

ACLH ACT CLEAN TECHNOLOGIES, INC. C u N Y
ACWX ISHARES MSCI ACWI EX US INDEX G Y N
AICPQ AICI CAP TST 9% PFD SECS u Y N
AIXG AIXTRON AKTEINGESESELLSCHAFT A Q Y N
AMEL AMERILITHIUM CORP COM STK (NV) U Y N
AMTC AMERITRANS CAPITAL CORPORATION S Y N
ATTD ATTITUDE DRINKS INC COMMON U Y N
BNPQY BNP PARIBAS SPONS ADR u N Y
CCTR China Crescent Enterprises, In U Y N
CHIO CHINA INSONLINE CORP COM S Y N
CHNC CHINA INFRASTRUCTURE CONSTRUCT U Y N
CLQMF CANADA LITHIUM CORP ORDINARY S u N Y
CTPZY COMP DE TRAN PAULISTA ADR u N Y
CVVUF CanAlaska Uranium Ltd. Ordinar U Y N
DPMLF DUNDEE PRECIOUS METALS INC u N Y
EUBK EUROBANCSHARES, INC. u Y N
FNXMF FNX MNG CO INC u N Y
FRCMQ FAIRPOINT COMMUNICATIONS INC. u Y N
FTBK FRONTIER FINL CORP NEW COM STK u Y N
FXFL Flex Fuels Energy, Inc. Common U Y N
GEVI General Environmental Manageme U Y N
GGCRF GENCO RESOURCES LTD u Y N
IFLG INFOLOGIX INC COM STK (DE) S Y N
ISCHY Israel Chemicals Limited Unspo u N Y
KBLB KRAIG BIOCRAFT LABORATORIES IN U Y N
MURZY MURRAY & ROBERTS HLDG LTD ORD u N Y
RMIXQ U.S. CONCRETE INC u Y N
RNWF Renewal Fuels, Inc. Common Sto u N Y
SANWU S&W SEED CO UIT (DE) S Y N
SGSVF SABINA GOLD & SILVER CORP ORDI u N Y
SQQQ PROSHARES ULTRAPRO SHORT QQQ G Y N
TEWI TITAN ENERGY WORLDWIDE, INC. N U Y N
TQQQ PROSHARES ULTRAPRO QQQ G Y N
TWSRF TOWER SEMICONDUCTOR LTD WTS SH U Y N
VCIT VANGUARD INTERMEDIATE-TERM COR G Y N
VCRT VICOR TECHNOLOGIES INC NEW COM U Y N
VCSH VANGUARD SHT-TERM CORP BD ETF G Y N
VIVK VIVAKOR INC COMMON STOCK U Y N
VLKPY VOLKSWAGEN AG SPONS ADR REPSTG u Y N
WEMU Worldwide Energy Manufacturing U Y N
WHCI W HOLDING COMPANY INC. (NEW) u Y N
WPUR WATERPURE INTERNATIONAL, INC. U Y N

Finra Reg_SHO Ihub Board
Thanks For The Mark

[auroradude]

I like this stock and will slowly accumulate.

[1hothand]

Why the hell is this stock going down???

I must pick the worst stocks . The company comes out and reaffirm good guidance a/hours. Then the next day huge volume and it's going down. I could've a sworn this thing would be a $6.50 today.

I have to think this has to do with recent accounting crap!! or redchip negativity.

[djmarko1019]

Worldwide Energy and Manufacturing USA Announces Preliminary First Quarter 2010 Revenue Guidance

Press Release Source: Worldwide Energy and Manufacturing USA, Inc. On Tuesday May 11, 2010, 3:02 pm EDT

SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - 05/11/10) -

* First Quarter Revenue: Approximately $30 Million, up 190% over the Same Period Last Year

* First Quarter Net Income Expected to exceed First Quarter Net Income for the Same Period Last Year

Worldwide Energy and Manufacturing USA, Inc. (OTC.BB:WEMU - News), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced preliminary financial guidance for the first quarter ended March 31, 2010.

The Company announced today that expected revenue for the first quarter ended March 31, 2010 is approximately $30 million, an increase of 190% over the same period last year. Net income is conservatively expected to exceed first quarter income for the same period last year.

Jimmy Wang, chief executive officer, stated: "We are extremely pleased with our first quarter results. We are strongly positioned for extraordinary growth in our solar division this year. I look forward to sharing our full financial results in the very near future."

About Worldwide Energy and Manufacturing USA, Inc.

[1hothand]

Jimmy Wang, chief executive officer, stated: "We are extremely pleased with our first quarter results. We are strongly positioned for extraordinary growth in our solar division this year. I look forward to sharing our full financial results in the very near future."

[djmarko1019]

WEMU is coming off a record revenue year in 2009. The first quarter 2010 report is charted for May 17, 2010. Another Record year is expected for WEMU the idea is bolstered by the fact that they have a 68 million dollar backlog in their solar division. They are currently under consideration for Up- Listing to the Amex exchange. They are meeting with the Amex committee on May 13th and not only do I anticipate an approval, but I believe it will be days immediately following the Amex committee meeting. Slating the approval for the week of May 17th

Personally I think this all translates into a company that is currently greatly undervalued and at these levels represents a real opportunity to accumulate shares at a discount.

Full Year Highlights
-- 2009 Revenue increased by 35.5% to $62.2 million compared to net sales
of $45.9 million in the full year 2008.
-- 2009 Solar Module revenue was $47.8 million compared to solar module
sales of $31.0 million for 2008, an increase of over 54.0%.
-- 2009 EBITDA (excluding derivative liability) was $0.69 per share, or
$2.5 million compared to $0.45 per share, or $1.3 million, for the full
year 2008.
-- Total Assets were up 81% year-over-year, from $19.13 million in 2008 to
$34.65 million in 2009.
-- Cash and Cash Equivalents increased 80.3% to $9.18 million
year-over-year.
-- Net Income (excluding derivative liability) was $1.72 million, or $0.48
per share in 2009, compared to $0.79 million, or $0.27 per share, in
2008.

[FastEddie777]

Stock is rebounding.

[FastEddie777]

$17 per share of revenue. Wow.

[FastEddie777]

Company Reports Record Revenue of $62.2 Million, up 35.5% Year-Over-Year

[FastEddie777]

Record Revenue!

[FastEddie777]

News Out!

[1hothand]

Wemu Earnings come out when?


Does anyone know if they report 3-31-10?

thanks randy

[stockguard]

Solar stocks in the 20SSI surpassed both major indexes by gaining over 15 points for the week to finish at 385.01, 4.1% up from March 5.

March 8-12: Dow, Nasdaq, Solar Gain Yet Again
By: David Brands Saturday, March 13, 2010 1:29 PM

20 Solar Stocks Index Week of March 8-12, 2010
http://www.istockanalyst.com/article/viewarticle/articleid/3945236

[stockguard]

Everything that Could Go Wrong has Gone Wrong

Just look at what the solar industry has gone through over the past few months.

Germany, a country with a government that has proudly subsidized the solar industry for years, recently announced subsidies could be getting cut. Draft legislation was recently introduced to cut subsidies for rooftop panels and solar farms by 15%.

In an industry dependent on subsidies, any cut is going to have a noticeable impact.

Also, the entire industry is facing tough times. The prices solar manufacturers have fallen sharply across the industry. In ENER's case, UBS noted the average price per solar module fell by 10% to $2.10 per watt. And that's still 10% higher than the rest of the industry.

As the last earnings season has shown, practically any company that doesn't have a big presence in the Chinese market, where the command-and-control economy has commanded solar to be a winner, has been getting hammered.

Finally, in the United States, funds from the stimulus package earmarked for solar projects have been tied up in red tape and the federal bureaucracy. Also, with 49 of the 50 states facing budget deficits, there isn't much extra cash to hand over to solar companies. And when it comes to installing a cap-and-trade scheme, a system designed to take money from the energy consumers and give it to alternative energy companies, prospects for implementing it are continually getting pushed back.

Avoid the High Costs of Conforming

Everything that can go wrong for solar has gone wrong. And, if judging by the price declines of the top solar stocks is any indication, solar investors have sold out and moved on.

That's all why solar is actually looking more attractive than ever. Not because the industry's prospects for are great, but because they're so poor.

Remember, buying something that no one wants is the toughest move an investor will ever have to make. Yet, as contrarian investors know, when a stock is so hated that no one is willing to buy it, the risk is lowest and the potential reward is the greatest. Not all of them will work out, but with the highly attractive risk/reward dynamics, less than have of them have to work out to become a very successful investor.

John Maynard Keynes wrote:

Knowing that our individual judgment is worthless, we endeavor to fall back on the judgment of the rest of the world which is perhaps better informed. That is, we endeavor to conform with the behavior of the majority or the average.

Right now, we've found a stock that's absolutely despised. We're seeing a situation where nearly everything that could go wrong has gone wrong, share prices have declined significantly, and almost no one is willing to buy now.

For contrarians who see that most everyone is conforming to the crowd and getting out of solar, it could be the right time to buy.

China is on the verge of becoming the world's largest energy consumer, energy prices are going higher over the long run, and solar could be in for another strong run. If so, solar would be the energy comeback story that no one is paying attention to right now. And disciplined investors with the right timeline should be starting to look at how to take full advantage.

Complete article:
http://www.istockanalyst.com/article/viewarticle/articleid/3928600

[stockguard]

More funds to help develop China's emerging industries

http://www.shanghaidaily.com/article/?id...

By Wang Yanlin 2010-3-10
CHINA will allocate more funds to spur the development of the country's strategic emerging industries such as green energy and telecommunications, senior officials said on the sidelines of the annual sessions of the nation's top legislative and advisory bodies.

Zhang Shaochun, China's deputy finance minister, said the country planned to spend 70.9 billion yuan (US$10.3 billion) on environment protection and energy conservation projects this year, an increase of 33 billion yuan from a year earlier.

Of that amount, 50 billion yuan will be spent on research and enforcement of energy conservation and carbon emission reductions. Another 10.9 billion yuan will be spent in developing renewable energies.

For other strategic industries such as information technology and telecommunications, Zhang said the Ministry of Finance was collaborating with other related ministries on a plan.

Zhang Xiaoqiang, deputy director of the National Development and Reform Commission, said the planning agency will release a draft document describing the route of China's faster development in strategic industries in September.

"To speed up the developing pace of strategic industries is an important part in accelerating China's economic revamp," Zhang said.

He added that the commission had been carrying out a study to assess the potential of development in industries, including new materials, new energy, environment protection, carbon emission reduction, biomedicine, telecommunications, green vehicles, civil aviation and marine engineering.

Economic restructuring is a key topic at this year's sessions of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference.

Last week, Premier Wen Jiabao said China had to vigorously push forward the reform of economic structure to lay the foundations for long-term development.

[911]

nice now lets go..building..gl

RedChip Announces Its March 2010 New York Equities Growth Conference at the NASDAQ MarketSite
Date : 03/09/2010 @ 10:50PM
Source : GlobeNewswire Inc.
Stock : (WEMU)
Quote : 5.45 0.0 (0.00%) @ 8:04AM


RedChip Announces Its March 2010 New York Equities Growth Conference at the NASDAQ MarketSite

ORLANDO, Fla., March 10, 2010
GLOBE NEWSWIRE
RedChip Companies, Inc. today announced that the CEOs and executive teams of over 25 emerging growth companies will deliver financial presentations during the 2010 RedChip New York Equities Growth Conference on March 23-24, 2010 at the NASDAQ MarketSite (4 Times Square) in New York City. In addition, RedChip will ring the NASDAQ Closing Bell on Tuesday, March 23rd.

The conference will feature keynote speakers on both days including Charles V. Payne, founder and Chief Analyst of Wall Street Strategies, who will speak on March 23rd during the event; and Stephen Moore, a senior economics writer for the Wall Street Journal editorial page, who will present his talk, "The World Economic Picture," on March 24th.

The participating companies represent a wide range of sectors including Biotechnology, Healthcare, Education, Oil & Gas, Basic Materials, Consumer Goods, Alternative Energy, Precious Metals Mining, and more. The first day of the conference will spotlight China-based companies listed in the U.S. capital markets.

To date, companies scheduled to present include the following:

DAY 1: March 23rd


ZST Digital Networks Inc. (Nasdaq:ZSTN)


L & L Energy, Inc. (Nasdaq:LLEN)


China Gengsheng Minerals, Inc. (NYSE Amex:CHGS)


Longwei Petroleum Investment Holding, Ltd. (OTCBB:LPIH)


China Education Alliance, Inc. (NYSE:CEU)


China Natural Gas, Inc. (Nasdaq:CHNG)


GC China Turbine Corp. (OTCBB:GCHT)


China New Media Corp. (OTCBB:CMDI)


Worldwide Energy & Manufacturing USA, Inc. (OTCBB:WEMU)


China Electric Motor, Inc. (Nasdaq:CELM)


Andatee China Marine Fuel Services Corp. (Nasdaq:AMCF)


China Linen Textile Industry, Ltd. (OTCBB:CTXIF)

DAY 2: March 24th


WPCS International Incorporated (Nasdaq:WPCS)


ICOP Digital, Inc. (Nasdaq:ICOP)


Dolphin Digital Media, Inc. (OTCBB:DPDM)


DRI Corporation (Nasdaq:TBUS)


Aethlon Medical, Inc. (OTCBB:AEMD)


NovaGold Resources, Inc. (TSX:NG) (AMEX:NG)


South American Silver Corp. (TSX:SAC)


S & W Seed Company (Private)


G-Willi Food International Ltd. (Nasdaq:WILC)


T3 Motion Inc. (OTCBB:TMMM)


Industrial Services of America Inc. (Nasdaq:IDSA)

Company presentations will be webcast live via http://www.RedChip.com both days, and participating investors will have the opportunity to meet one-on-one with the CEOs of presenting companies. Thousands of investors from across the United States, Europe and Asia are expected to watch the conference online at RedChip.com.

RedChip Radio host, Gary McKenzie, will be broadcasting live from the event on the RedChip Radio Network across the country and streaming live at http://www.redchip.com/visibility/Radio/radioMain.asp. In addition, RedChip TV™ will be on-site conducting interviews with CEOs. The interviews will be archived for viewing at RedChip.com one week following the event.

RedChip investor conferences are a nationally known forum at which emerging small-cap companies present their stories to hundreds of retail brokers, institutional brokers, fund managers, portfolio managers, accredited investors, and research analysts whose disciplined focus towards the small-cap markets represents their core investment strategies.

Attendance is free for pre-qualified financial professionals and investors. Preregistration is required and seating is limited. To register online, please visit http://www.redchip.com/conference?from=pr2252010 or call 1-800-RedChip (733-2447), Ext. 127.

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Beijing, China; Paris, France; and Seoul, Korea. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV™, Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.

"Discovering Tomorrow's Blue Chips Today"™

The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761

CONTACT: RedChip Companies, Inc.

Jon Cunningham

1-800-733-2447, Ext. 107

[stockguard]

Better believe it: solar stocks recover
Thursday, 04 March 2010 10:02 Blaze Fabry

http://www.chinavestor.com/solar/71400-better-believe-it-solar-stocks-recovery.html


solar3 March 4, 2010 (Chinavestor) Chinese solar companies have started to report latest earnings and so far the picture is better than expected. JA Solar (NASDAQ:JASO), a mid size solar maker, started the solar earnings season earlier in February - and reported above analysts expectations. Industry heavy weight Trina Solar (NYSE:TSL) surprised the investor community to the upside at the end of February. The market started to take note after Canadian Solar (NASDAQ:CSIQ) earnings blew past expectations on Wednesday. Another industry leader, Suntech Power (NYSE:STP), reported before the open on Thursday giving investors a chance to examine the sector very closely.

Earnings of Suntech Power (NASDAQ:STP) is very important because when industry leaders recover and their stock price follows, that trickles down to the rest of the sector. Investors remain cautious with the solar sector - despite strong results. The truth is that the solar sector spooked investors once - back in 2006 when the picture was rosy and valuations flew out the window. But as the bubble burst and share prices fell to the fraction of previous prices, investors think twice before engaging the sector again.

However taking past hurts to the side and looking at the numbers only, there is a lot of reason for cheer. Solar companies have returned to profitability in the second part of 2009 - as was evidenced by 2009 Q3 numbers. Remember, each and every Chinese solar company returned to the black - a significant development for the sector. But the story doesn't end there.

As the following chart testifies, mid size Canadian Solar (NASDAQ:CSIQ) have bounced back strongly with a solid outlook for the quarter.

CSIQ_09Q3_estimates

The latest developments suggests the financial health of the sector is recovering, margins have stabilized while shipments skyrocketed. And while revenues have not fully recovered year-over-year since 2008, current trends suggests 2010 will be a year for solar stocks. To illustrate this claim, take a look at the following chart.

STP_09Q_revearnings_two

The first part tracks revenue and earnings growth for Suntech Power (NYSE:STP) 2004-2009. While profits have significantly improved in 2009, they're still way below record 2007 levels. Revenues fell from 2008, raising questions if profit growth was sustainable.

But if you zoom in the last six quarters, a totally different picture develops. The sector have bottomed out earlier in 2009. Revenues - and shipments - have been recovering steadily, margins firmed up while profits grew. The only component of the picture lacking momentum is stock price!

But that won't last long. Investors better believe that recovery is in the works and buy solar stocks in the cheap.

[edjohnson]

Not aware of any developments, but the volume definitely was unusual for this stock. Saw a few 5k, 10k blocks early.

[1hothand]

WEMU $5.24 HOD up 4.8 %. Is this coming back to life? Volume 55,000 wow! any information...

[mauiguy2]

Some reshuffling took place today with WEMU. Seems insignificant.


Press Release Source: Worldwide Energy & Manufacturing USA, Inc. On Monday February 22, 2010, 5:32 pm
SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - 02/22/10) - Worldwide Energy and Manufacturing USA, Inc. (OTC.BB:WEMU - News) today announced the appointment of Gerald DeCiccio as Chief Financial Officer, effective February 18, 2010. Jeff Watson, who has resigned as Acting Chief Financial Officer of the company, will continue to serve as Worldwide's President. To focus on his new role, Mr. DeCiccio has resigned as a director of the Company.

Mr. DeCiccio served as a director of Worldwide from June 1, 2009 until his resignation on February 18, 2010. Since June 2007, Mr. DeCiccio has been the Vice President and Corporate Controller of Ritz Interactive, Inc. Prior to that he was the Chief Financial Officer and a board member of GTC Telecom Corp. and its subsidiary, Perfexa Solutions, Inc. (Mr. DeCiccio took GTC public in 1999) and Chief Financial Officer for National Telephone & Communications, Inc. In these roles, he managed the finance, accounting, SEC reporting, treasury, human resources, investor relations, and legal departments. Mr. DeCiccio also held senior financial roles at Newport Corporation and Parker Hannifin Corporation and was a Supervising Senior Accountant for Ernst and Young. He has also been a member of the Board of Directors and Audit Committee for Interplay Entertainment, Inc. and GT Data Corp.

Jimmy Wang, chairman and chief executive officer of Worldwide, commented: "We are very pleased to have Gerald serve as our chief financial officer as his service as a director has been exemplary. His knowledge of our company and his extensive experience in corporate finance and SEC reporting make him a logical choice as we continue to pursue our growth strategies and expand our manufacturing capacity. I'd also like to thank Jeff for his excellent work as Acting CFO and for his continuing work as our President. Both of their talents will be invaluable as we position as a leading solar manufacturer."

[edjohnson]

New Chinese Solar filed for IPO (Daqo Energy), and will be listed on AMEX as DQ shortly. 6.5 ADRs priced between $12.50 and $14.50.
WEMU could be in for a ride, if this IPO does well.

[edjohnson]

Normally Nasdaq wants to see the reports from 2 quarters with the new auditors before approving the listing...Again - normally....there are, of course, many other factors affecting the approval decision...

[911]

6.60 x 6.85.hod 7.22. Nice surprise here. Lrg.gl.eom