Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ok -- I'll bite. And I'll just take at face value the statements there.
Nope. Unless by bought out you mean paid to go away.
Sure, whatever. Check your facts though. The company itself has not been sold and Pickett was forced out.
The only mention of Telkonet in that filing is that Pickett, Sadle and Crabb all used to work there. Pretty sure the Telkonet guys want to stay as far away from the three musketeers as possible.
Didn't ask what you did with it. I asked where's the stock trading now.
Not on the Amex is the answer to the question -- though at least it does appear to have a real business. Now anyway.
And where did it end up?
There was no news ... just more wheel spinning in order to keep this POS afloat.
More fluff.
Check out the North American Development Bank website, specifically with respect to eligibility criteria and the certification process the proposal has to pass through -- insert-text-here
Good luck with that.
Also, it sounds more and more like National Standard is going to be providing less and less. Who was it who questioned the bona fides of the $ Nat Std was going to supply ... Oh yeah, it was me.
Not unfortunate, predictable.
Not bashers, just realists. Speaking for myself at least.
As in, this is going to go up to $0.01 (or more)? I very much doubt that. I'm not really sure why yesterday happened but I think the bloom is off that rose.
This was never about our for the benefit of common shareholders.
Cool. And they have a working model which puts them light years ahead of SWET!
SWET is a joke, but I think that's a different Arizona Green Power, LLC.
I didn't say "less sustainable". I just said that the post R/S price would likely not be sustainable. So your new $1 stock likely won't be a $1 stock for long. And I don't know if there's going to be one or not. You asked what an R/S was so I told you.
No.
Let's say a stock is trading at 20 cents and the company does a 1 for 5 split, i.e., for every 5 shares you hold, you have/get 1 post split, the stock will be $1/share post split. So yeah, the per share price "increased". But it's illusory because of the split and the company's market cap is no different. On top of that, the $1/share price will likely not be sustainable.
If you don't have hope, ...
You missed my point.
That's just quibbling over whether he can do the math or not. But whether he can or can't, no one would have had to even go to that discussion much less to the effort to try and determine if it worked if SWET had done anything to show that it could work other than simply point to its vaunted energy calculator. And that's the point and to that extent, he did provide cogent reasoning. Whether his math is right is besides the point.
Or, as is sometimes the case, a real b*%#h.
Click. And another light is turned on.
Reverse split, i.e., where a company reduces the total number of outstanding shares (or O/S). Depending on the ratio, you'll receive one share for every x (5, 10, 20, whatever) that you owned. It'll momentarily prop up the stock price but hang on tight during the ride back down.
My take is that nothing is going to happen. I've said it before and I'll say it again, SWET is insolvent and has a completely unproven technology. No one is going to buy power from it under those circumstances. But hey, good luck with that website Arizona Green Power!
That click you heard ... that was the light turning on.
Not if SWET's in bankruptcy or liquidation. It doesn't really matter from my viewpoint though because the company has no real assets (other than the patents for whatever they're worth) so there's really nothing to liquidate.
In the event of a bankruptcy, SWET would still have to pay is creditors before the musketeers could pay themselves. The liquidation preference just press them ahead of the holders of SWET's common stock.
Rest assured, it wasn't a move they made with your best interests at heart.
The promissory notes held by the Three Muskateers in the amounts of $200K, $150K and $35K have been cancelled and SWET is no longer obligated to pay those notes so $385K of debt comes off the books. It also increases their control of the company since, for voting purposes, each share of Series A Stock is equal to twenty shares of Common Stock.
In summary: We continue to spin our wheels and spend other people's money. That's what should be sticky posted!
Not hitting milestones is not a lack of progress? Okay then. It's hard to argue with logic like that.
And just how is that FAA clearance going anyway?
Yeah, I was talking mega millions, not dinner and a movie.
I think there's a better chance of hitting the lottery.
How long does this make it now?
More dilution's coming -- if it hasn't occurred already and SWET's just not reported it. SWET had $88,764 in cash at the end of 2014. Ron likely burned through that the first week of January. And don't forget, next month, SWET's either got to pony up the $30+ million purchase price for its plot of desert in San Luis or, at the least, cough up $250K to extend its option for another six months. The money's got to come from somewhere.
According to its most recent S1/A, it's next milestones are this month, by when it's supposed to have FAA clearance and complete final engineering. Dont hold your breathe on that ... particularly the FAA clearence. I'm very doubtful it gets that.
Throwing good money after bad. That's one investment strategy.