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.
W2 says THANKS as they DILUTE HUNDREDS OF MILLIONS MORE SHARES.
Nice day... NOT. Down 21% on 27,000,000 volume. McLaren says THANKS FOR THE NEW CADDY! Maybe he'll give rides to shareholders who lose their cab fare here.
Some here say they're now manufacturing. Here is a PR from 2009 claiming that they are manufacturing. Link included..
http://ih.advfn.com/p.php?pid=nmona&article=37133495
How W2 can screw shareholders and get away with it all these years defies logic.
Why hasn't the SEC stepped in yet?
3 Reverse Splits, loads of fictitious Press Releases...
And to top it all off, the "CONSULTANT" that is going to "Rebrand" W2 to a "Manufacturing" company has a Gmail email address. Wow top notch.... no website? Can't afford the $5 a month that GoDaddy charges?
The latest group will get screwed too, its only a matter of time.
Just noticed stock is down 30% today. Guess they have fresh shares to sell.
I think that is a fake story just like all the other PR's that W2 has invented over the years.
A $1m plant in India
Home size garbage to energy units
JV with Toxco
Clean Coal technology
Caribbean Algae plants
ALL PR'd and none came true.
Manufacturing......
AAAAAAHAHAHAHAHAHAHAHAHAHAHAHHAHAAAAAAAHAHAHAHAHAHAH
Aaaaahahahahahahahahaaaaaaaaaahhhhahahahahahahahahahahaha!!!
Exactly right! DILUTION MACHINE! $800k raised, $40k used on R&D! $760,000 WASTED! Houses.. Cars... Trips... who knows what else.
WTWO is NOT reporting remember? They intentionally deregistered in 2009 so they do not have to answer to the SEC!
Heck they aren't even Pinksheets current. Why do they feel the need to HIDE INFORMATION from investors? Easy... scam's don't want to give any more information than they have to.
And we all know WTWO is a scam.
1:10 reverse on shares they GOT FOR FREE is worse than a 1:100 that people used their hard earned money for?
Come on seriously?
Maybe another REVERSE SPLIT? They seem to love to hose shareholders here.
Just ask those who rode the last R/S down from .06 to .0012 where it is now.
They temporarily ran out. Don't worry WTWO's printing press runs 24/7. They raised the OS from 6m to over 160m so far this year, whats another couple hundred million among friends?
Any idea what technology they will use to convert the waste to energy?
If they can get this right, it would be a huge benefit to society.
100% WRONG. The amount spent on R&D definitely includes wages and salaries! I've budgeted R&D many many many times.
R/S crippling shareholders REPEATEDLY by this company. 3rd Strike offender. If these were felony convictions they'd be in jail forever.
WTWO Dilution. Massive and unrelenting. OS grew from 7m to 160,000,000 THIS YEAR.
$817,000 raised through Share Sales, and a whopping $41,000 spent on R&D this year. Last year, they spent only $14,000!
Since Inception WTWO has diluted over $8.6 MILLION and has done 3 Reverse Splits. Yet they've spent only $400,000 on R&D?
And now we're to believe they're a MANUFACTURING COMPANY?
So does that mean if a drug dealer sells marijuana in a state that allows Medicinal purposes, are they a PHARMACY?
This new spin is too laughable.
Here's what it REALLY says -
MACHINE NO WORK. SEND MOAR PLOX!
But DID THEY? Nope. Why not? Cause it was never intended to work. Was just another BS press release to dump shares. That's why the OS got bloated from 7 million to 160 million in 6 months!
2000% increase in OS immediately after an R/S.
The link works. Try clicking on it. Just in case there's still user error, I'll give you step by step instructions on how to find it.
First go to:
www.azrise.org
This is the official University of Arizona Research Institute for Solar Energy website.
Enter search parameters of "W2 Energy" in the search box on the top right side of the home page. This will display 3 unique records.
The 2nd of such records is entitled "CAES PROJECT UPDATE" it was posted 10:06 am on January 6, 2012. Clicking that link takes you to the following text, quoted from the site.
The PPS has lowered because the company continues to dump shares, saying they are now... get this... MANUFACTURING instead of Research and Development.
They even hired a Public Relations company to prove it. BY the way this PR company uses GMAIL for their email! They don't even have a website!
So not only are these pumps getting more frequent, they're spending less money on them.
Company's R&D phase was $400,000 but yet they raised $8.6 MILLION during the same phase by selling shares.
Want to bet the company execs drive fancy cars and live in nice houses?
We KNOW that they take vacations to exotic locations like Miami and the Caribbean that they write off as "BUSINESS TRIPS."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70319743
http://www.azrise.org/content/caes-project-update
Reverse Stock Split – On March 29, 2012 the Company’s common stock was reversed on a 1 share for 100 shares basis.
Common Stock Issuances – During the six months ended June 30, 2012 the Company issued 95,516,931 shares of common stock for cash at an average price of $0.01 per share, resulting in an aggregate value of $817,833.
95m shares at an average of .01 each is $955,000. They claim to have received $817k.
Here's for your RESEARCH AND DEVELOPMENT garbage, also from the financials.
Are these the same that FAILED in the AzRISE experiment earlier this year?
If so that order will be short lived.
Three words - PUMP and DUMP.
So what you're saying that while they are in a "Manufacturing Phase" you have no clue what they're making?
What they're manufacturing is enough PR's to dilute more than the 160,000,000 shares they've already done so far this year.
8.6 million dollars raised through sales of stock and 400,000 put into research and development.
I bet the company execs drive very nice cars.
No its a track record of lies and deception.
So tell me this: What exactly are they manufacturing? Their rotary engine that didn't work? Or their Algae plant that they built sold delivered 5 years ago but none since? Or the Solar Bug golf cart? What are they manufacturing? And please provide links PROVING the existence showing that these items work.
Hows this for impressive? Straight from W2 FINANCIALS.
NOTE 3 - SIGNIFICANT EVENTS
Reverse Stock Split – On March 29, 2012 the Company’s common stock was reversed on a 1 share for 100 shares basis. The accompanying financial statements reflect the reverse split on a retroactive basis.
Common Stock Issuances – During the six months ended June 30, 2012 the Company issued 95,516,931 shares of common stock for cash at an average price of $0.01 per share, resulting in an aggregate value of $817,833. Additionally, the Company issued 8,000,000 common shares as payment for services rendered. These shares were valued at $0.13 per share, resulting in an aggregate value of $1,040,508.
Wow they can't even do math in their financials right! 95m shares at an average of .01 each is $955,000. They claim to have received $817k.
Here's for your RESEARCH AND DEVELOPMENT garbage, also from the financials.
Some of us "bashers" have been here for years watching the scam grow. No doubt that they used some of the money they got by dumping stock to buy equipment. Movies look real, but we all know they're pretend.
DANGER ZONE:
WTWO could implode at a moments notice. INVESTORS need to protect their wallets at all times.
I appreciate that. Unfortunately I was not warned. I was filled full of whats-gonna-happens by pumpers here and by the lies from McLaren.
Luckily I'm a good trader and used his paid promos to my advantage once I realized that there is NO Garbage to energy technology.
Most penny stocks are complete scams, but this one raises my dander more than most. Here, we have a CEO who crossed the line. There are some things you lie about that don't have any impact on life. Yeah ok the casino project didn't work or the mining claims are barren.
Here, the CEO promises to revolutionize energy production and eliminate garbage! 2 absolutely important items! Unfortunately the technology does not exist, yet he touts it anyways.
You should go back through the PRs and see what he's said and not followed through on. Its disgusting!
Personal sized Garbage to energy unit ready for retail! (I called and said I would buy one the day this came out. They took my name and number and never called. WHY NOT? I'm a paying customer? I'll STILL buy one!
Algae to diesel fuel plant sold to India for $1,000,000!! (sooo why aren't there more??)
AzRISE getting some concocted rotary engine! (Ooh didn't work???)
City in Maryland getting a Diesel fuel attachment to go behind their garbage trucks! (What? Mayor of said town doesn't know about this agreement???)
Joint venture with another sub penny stock in Florida! (Huh... this agreement was cancelled once the other company who was paying for the land btw found out that W2 didn't have the ability to grow and convert algae!
JV in the Caribbean! Meetings in Miami you say? Great vacation spot, paid for by the company. Nothing came from these meetings btw.
Toxco supplying batteries that were to be recycled so W2 can turn them into diesel and electricity! (I personally called Toxco and they have no idea what this was about. They never signed such an agreement)
W2 buys solar powered car! (Wait is it a car? Looks like a golf cart jerryrigged to have some solar panels on the top. FUGLY too. How many units have they sold? None? Big surprise)
These offenses are off the top of my head. If you go through and look at the PR campaigns and correlate these PR's with PUMPS, you'll get the picture.
Now the excuse is "Oh we were Research and Development, now we're MANUFACTURING." Riiiiiiiiiiight. What exactly are you manufacturing? The rotary engine that failed in the AzRISE tests? The cute little spinny thing that blows steam and whistles in your videos? Maybe the tubes with colored water that is supposed to be algae?
All in the meanwhile, the company reverse splits down to under 7,000,000 shares, brings the PPS up to .06 and then Dilutes with well over 140,000,000 shares! OS increase since the RS (1 year) is over 2000%!
Am I warning new investors not to fall for the same trap that caught me? YES! Will those already in and down significantly learn and listen? Eventually yes.
Please dig around here. See what you can find. I respect your DD capabilities, and sure could use a hand with this scam.
I for one will NEVER buy another share as long as McLaren is able to DILUTE. He's Reverse Split and increased the OS by over 2000% this year.
2000% OS INCREASE THIS YEAR... so far...
According to Shortqueeze.com there is NO SHORT POSITION for WTWO.
USOTC:WTWO
Daily Short Sale Volume - NEW
view
Short Interest (Shares Short)
0
http://shortsqueeze.com/?symbol=USOTC%3AWTWO&submit=Short+Quote
Shorting is a lie by PUMPERS selling shares for the company. Stringing people along with the thought of a short squeeze all the while the company bashes them with shares.
Copying and pasting previous posts will not make them true, no matter how often they're spammed.
Straight up... 2000% increase in OS this year =
DILUTION
DILUTION
DILUTION
DILUTION
and more
DILUTION
"So the big question is if the technology is there why isn't anyone using it?"
Excellent question Mr Interviewer. How about BECAUSE THE TECHNOLOGY IS NOT THERE!!!
Please stop with the Naked Shorting nonsense. The ONLY ones that can naked short are MM's and even then they have 3 days to deliver the shares to the buyer.
These penny stocks are straight up DILUTION. Look at it. Over 2000% OS increase this year!
DILUTION is the evil here, not a fictitious short or someone you believe wants shares cheap. Trust me, the shares will be in the trip-0 range sooner than you wish to believe.
I am sorry you and others are getting taken to the cleaners. Only thing that can change that is a good dose of Reality.
Go back through the posts on this board, and inquire of those who believed like you do. Ask them what they think now. Find out how much money W2 has vaporized from their trading accounts. Ask if this was Dilution or a short.
Truth shall set you free.
I'm truly sorry to hear that you're on the wrong side of money here. McLaren spins a great tale, he's a master at diffusion and dilution, leaving investors broke and disillusioned.
While averaging down is a good idea in a lot of cases, here I would really rethink that strategy. There will be dilution and more dilution, McLaren has already shown that he doesn't care about shareholders but only money.
If you choose to, I sincerely hope that you get out unscathed. But if you do consider yourself far luckier than most W2 investors.
Problem is there's nothing to Manufacture other than FICTION to get "investors" to buy more shares.
I wouldn't touch this POS with YOUR trading account till it sees TRIPLE ZERO.
STANDS AND APPLAUDS!
Sorry you learned the hard way ajja. These guys will too. I only hope they're man enough to admit it when they figure out this scam.
There are no revenues. This company can say whatever they want. Betcha the "European Company" has been left NAMELESS just like the mysterious Indian company that bought one of their fully functioning garbage plants 4 or 5 years ago?
The same garbage plant that they never produced again? Where did that mystery 1 million dollars come from then? Truth is it didnt come from anywhere. W2 does their own books. They're not in the USA so the SEC can do nothing to sanction them other than shut them down.
Trust me that day will come sooner than you think.
So let me get this straight. Those of us who've been here for more than a month KNOW for a fact that the R&D was all fiction. Yet we're to believe that this fiction has grown to Manufacturing?
I strongly suggest people here hide their wallets. The ONLY time this will be going up significantly in PPS is when they do another Reverse Split.
12/31/11 6,817,971 OS INCREASED TO 9/13/12 182,046,806 OS
So after a massive 1 to 100 REVERSE SPLIT they've successfully increased the OS OVER 2000%.
12/31/11 6,817,971 OS INCREASED TO 9/13/12 182,046,806 OS
So after a massive 1 to 100 REVERSE SPLIT they've successfully increased the OS OVER 2000%.
The only income here is from Massive and unrelenting DILUTION.
Ajja, unfortunately both you and I have been right. But it took being outright SCREWED by W2 for us to figure that out.