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Time to regurgitate old stuff again is it? What about that 2014 PR about the National Standard financing? That was a good one.
Given that SWET's not said anything for almost a year now, I would say it's an easy guess to say that a press release from it will be unexpected.
Have you really looked at SWET's history? If it had something to PR, it would've done it already. What possible benefit does it achieve by waiting as you suggest?
My dogs are neither starving nor mentally challenged and go for the cat food left out by my neighbor every time. Dogs will be dogs (both literal (my real dogs) and figurative (played out stocks -- SWET in this case)), so again I think you're off the mark. Your talk about the "fundamentals/company specific data" is meaningless without support -- which, despite your protestations to the contrary --you don't provide likely because, as most of us have concluded, there's no there there.
Did you mean R/S (reverse split) or R/M (reverse merger)? I do not believe the former to be likely; in my view, that ship has sailed. Would not be surprised at all to see the latter.
And you discerned that how?
Comparing SWET to other failed ventures in the renewable space makes more sense than comparing it to a successful company in a completely different industry, e.g., Starbucks.
Something very well may be up. The prevailing question in my mind though is how badly does that something stink?
So, you basically just ignored all of Slojab's valid points in favor of some speculative theory ... did I get that right or did I miss something?
I think we agree that Ron's a scam artist but I think you're wrong to suggest that it was he who would not sign PPAs because he was concerned about the legal consequences.
The fact that Ron wouldn't cross the line of signing a binding power purchase agreement is one of the biggest clues that this whole thing was a scam.
First of all, you don't go delinquent on your filings on the off chance that something might happen. Second, it's patently obvious -- just read SWET's prior financials -- that it's delinquent because it's out of cash and can't pay the auditor. Those guys would rather stay at home than work for free. My theory ... SWET's insolvent and there's nothing happening here ... nothing that's going to benefit SWET shareholders anyway. I could be wrong, but I doubt it.
Yes they have been delinquent on the filings, but what if they were waiting for something to happen so it could be included in a release soon ?
The share selling scam industry? No, I am not. Nor am I in the power industry so SWET and I do share that qualification. What does the number of patents have to do with the time it takes to bring something to market? A patent is worthless if it can't be commercialized which is what we're seeing with SWET. Renewal of the option (which expires 6/30/17) on the San Luis property is also significant of nothing. SWET no longer has to pay the renewal fee so it's not like it made a big commitment there. BTW, the sellers can now terminate at any time. It's a good thing for SWET that it's sitting on property that is not exactly in high demand.
That, or an aberration significant of nothing. I'm going with aberration significant of nothing.
It was a historical movement and is signaling something .
No idea who's buying it or why. You've not missed a thing. No news for almost a year and no, it is not scheduled to commence.
How long have you been saying that now?
Yeah, I think about that time Pickett was getting a bunch of phone calls from people looking for updates. That message pretty much translates to "Stop calling me!"
Its business model is largely immaterial since SWET is nothing more than a share selling scam. For various reasons I and others have pointed out on this board for some time now, SWET's tower of power does not even pass the smell test. That said, as I understand it, SWET's story is that it has licensed its "technology" to its subsidiary, Arizona Green Power LLC (AGP), which will purportedly construct and operate the first tower in San Luis, AZ. Pickett is the managing member of AGP. So, it does need PPAs for this tower.
Last week, someone here was comparing SWET to Starbucks and now it's Walmart and SunEdison. Thanks. It's nice to start the morning with a good laugh.
And exactly who is performing these experiments? Last I looked, SWET had no money and no employees and a run through its past financial statements will show that it was never particularly interested in R&D. That pretty much leaves Ron running experiments in his backyard. Somehow, I doubt it.
The information may be getting updated on the website due to experiments with stack conversion for reduced costs.
And there will be no reverse split because there's just no story to tell that would prop the stock up for any period of time. Without that, it will just zip back down to the trips. Ron would've pulled the trigger on an R/S already if he could have.
It's what I've been saying for a long time now ... you've gotta walk before you run and SWET's proposing that it will go straight to four minute miles. It just doesn't work that way.
This is what a legitimate experimental solar project looks like.
https://en.m.wikipedia.org/wiki/Ivanpah_Solar_Power_Facility
Please, let's not start this again. It's a horse that's been beaten to death numerous times now.
Good synthesis of a point I've been pushing for some time now.
The difference between how it should be done and how it has been is comical.
And no one is willing to provide financing without power purchase agreements. Of course, that aside, I can't believe that any financier in its right mind would be willing to finance such a radical new means of energy production without extensive testing to back up its claims. Folks don't typically dole out the kind of money Pickett's allegedly looking for on just say so which is pretty much all Ron's got. That's at least one reason he can't get financing.
This company has been there and will just marinate in the new purchase orders until something happens.
In your disdain for those who speak poorly of SWET (and you really need to cool your jets), you missed the point. While SWET was keeping up appearances, it was filing financials, issuing periodic releases -- even if they didn't really say anything -- and was an inveterate twitter and facebook poster -- even though it was almost always about technologies other than SWET. It's irrelevant that it may not be required to do certain things, i.e., file financials. The fact of the matter is that it was -- and Ron ostensibly made a point about transparency -- but is no longer doing so. The point was that it's not even bothering doing those things anymore -- and how hard is it to tweet or post on facebook, what makes you think it's doing any of the heavy lifting needed to get this thing off the ground.
SWET is insolvent and has done nothing to prove its "tech". It can't raise any more cash because there's no liquidity in the stock. The liklihood that some sucker is going to dump a bunch of cash in this thing to get it going is a pipe dream. In short, this ticker is dead. SWET topped out long ago, has hit rock bottom and there's no reason to believe it will recover. So you are right about one thing, you will not see me at the top.
I have no ill will towards you or any other SWET supporter. I'm just stating the facts.
What reason is there to believe that there will be any news? Not only has there been no news in nearly a year now, but SWET's not even posting to its Facebook or Twitter accounts anymore, something which it had been doing on a daily or near daily basis until about mid-June. Face it ... this ticker is dead.
When you have no facts to share, claiming that you
don't reward others with my internal work
It's a huge project and something that has never been done before. It's not just going to happen over night. Lots of things to work through. The tower is eligible for the green energy investment credit. They had to prove the tower works in order to get approval for that.
I love it when people compare SWET to successful companies. Everyone should have a good laugh at least once a day.
You do realize that the genesis for SBUX dates to 1984 and there were 165 stores when it went public in 1992. So yeah, like I said, Fundamental No. 1, invest in real companies.
Fundamental No. 1 -- Only invest in real companies
Fundamental No. 2 -- Do not invest in companies that fail to file their financial reports
No. I think I've got it. But thanks for your concern.
Nice volume the last couple of days. Last I heard from Ron was when he filed a notification that the annual report was going to be a little late. That was March 30th ... almost six months ago.
The only problem with the optimism is that it's not grounded in reality.
Did you just pull that out of your ass? Never have any real info just say things like that. It's a break through project. I'm not sure if it will come together but there area lot of things in play that say people Are trying to make this happen. If it was all just some scam why does upper management own more than 90% of shares? They have the key to abundant electricity if they can get everything together. I'm sure they have plenty of head winds just like any other solar company. Oil doesn't want to see this happen. I'm sure there has been a lot of money spent trying to go against them. Big oil is scared of losing their market share. But all they are doing is prolonging their death. They have to sell oil cheaper than a gallon of milk just to keep a lid on the renewables. Just wait until oil goes back up you will see just how strong renewables are. Cheap oil is the only thing Big oil has to stand on right now. If I had the money I would be happy to help out in any way I could. I think the tower could be the answer to abundance of cheap clean electricity. It's been proven it works now they need to build it on a large scale. They have went through a lot already to get this far.
Make no mistake, to the extent Ron is doing anything, Ron is working to make money for Ron. SWET is a fantasy and there is nothing to make or break.
Other than the one to scamville, it has no track to get back on.
I assume you were directing that at Keith14 who said
If they reported regularly they would only be helping the shorters.
The imaginary shorters are back! Yeah, that's the problem with this stock, all you shorters out there, just cut it out.
Um, given the importance of PPAs to this "project," don't you think there'd be an announcement if SWET actually got some. You're just spinning and badly at that.