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At what point do you stop loving the lack of information about NIBA ... a full month post NIBA, 2 months, 6 months?
Love the fact no update yet I'm anticipating they are working w interested parties from NIBA.
I think you mean that Pickett, Sadle and Crabb have been funded entirely through convertible notes.
The insiders aren't selling shares but the company itself has unloaded a shit ton of them. In my mind it still sounds very much like a share selling scam.
The company has been funded entirely through convertible notes.
So, before the conference it was exciting that SWET was going back to a conference at which it previously had no luck.
I agree but then ask the biggest optimist why SWET is going back to the same investor conference 3 years later . This is exciting IMO.
as more days progress w no news since NIBA conference I actually see that as a very good sign.
Wait ... Doesn't there have to be progress in order for there to be further progress?
but you will be right if there is no further progress in the next month.
Ain't that the truth
it will have been a roaring success....... until nothing happens.....again.
"We had many good meetings and lots of interest was expressed. We will fill you in as details emerge." Mark my words.
It cracks me up that they still have that BS up about the high volume of inquiries with instructions to resubmit if you've not yet heard back.
Number one, for all practical purposes, I don't really consider there to be a significant difference between SWET and AGP. Number Two (and related to number one), it was SWET that released the PR that
AGP will be unveiling the [San Luis] project to the investment community and presenting AGP at the National Investment Banking Association (NIBA) New York City Conference later this month on June 26 - 27th.
Awaiting update from the June 26-27, 2017 NIBA Conference!
An AGP IPO?! That is rich. How do you value a company that has a license for a ficticious tower and no other assets? Further ... I don't think you understand Sunedison at all. First of all, it's in bankruptcy so yeah, great model there. SWET's insolvent though, so I suppose they share that. Second, TerraForm is/was not Sunedison's parent. It (they actually, since there are two TerraForm companies) were spun out of Sunedison which held controlling interests in both.
Awaiting update from the June 26-27, 2017 NIBA Conference!
Because it had a 2+ years run of doing nothing but going south ... all the while Ronny was doing convertible deals without any transparency to the shareholders who were getting diluted every which way to Sunday.
Why would you talk about the lenders getting more shares of the stock goes down
Right.
they are market based meaning % of the bid/ask
The further the stock falls, the more shares they get.
Toxic Convertible:
Used by companies that are in such bad shape, that there is no other way to get financing. This instrument is similar to a convertible bond, but convertible at a discount to the share price at issuance and for a fixed dollar amount rather than a specific number of shares. The further the stock falls, the more shares you get. Popular in the mid to late 1990s. Also known as death spiral convertibles or floorless convertibles.
Beware toxic lenders:
Not every toxic Note holder has an easily recognizable name like Asher Enterprises Inc or Lionheart Associates LLC or JMJ Financial or Tangiers Investors LP or NIR Group. Sometimes it is the insiders of the company (former officers/directors, current officers/directors, friends and relatives of former or current officers/directors, etc) that set up toxic convertible debt Notes for their own self enrichment.
North Bay Resources, Inc. (NBRI) reported entering into a couple of deals at the end of last week. On Friday, the SEC received an 8-K from NBRI that stated the company had issued promissory notes to notorious toxic financiers JMJ Financial and KBM Worldwide, Inc. on September 3.
Suffice it to say that toxic financiers such as JMJ Financial and LG Capital Funding could potentially make a killing if they decide to cash their ridiculously discounted notes now that the ticker is sky-high.
That's the thing with SWET. Lots of people and entities mentioned. The better question is, what's the name of the company that SWET's got a definitive agreement with that's going to push this thing forward? I'll wait.
Exactly what positive strides have bern made in Africa?
Yes, the filings do tell a story. $16m in debt and no way out. Thats what the filings tell. The rest is all BS. The US pulling out of Paris opens the door foe SWET? That's got to be one of the most laughable things I've heard to date.
I knew that you knew that. It was for the benefit of others.
That's not the market, thats the PPS for this POS. ??
Gee. Thanks for clearing that up for me. As usual though, you miss the point.
The market. Whoo, that's a good one!
Thanks BTM. I wish someone had pointed that video out to all of us sooner. Now I understand. Of course, I've also got a bridge for sale.
Take a look at this chart and then tell me with a straight face that the volume on this POS is not periodically (routinely(?)) and inexplicably off the charts.
I disagree with the proposition that
there's been there's been people adding on shareholder injection there's been people adding on landowners taking equity positions in the project , there's been people adding on reinstatement and there's been people adding on attending the same investor conference presenting in front of the same investors they did 3 years ago.
Pretty sure the focus of that Forbes article post was no. 7, beware claims of breakthrough technology, i.e., the one the URL pointed to. And the advice there is as true today as it was in 2010. And it sure smells a whole lot like SWET. And as to your point about no. 9, don't ride the wave, a look at the charts belies your assertion. There's generally always some volume but then it will inexplicably skyrocket and then, just as inexplicably, drop back to normal levels. No news, no reason for the increase or decrease. You tell me what's going on.
So, I see that you're interested in that bridge I have to sell.
I think it's funny how SWET responds to stuff on this page. And for anyone who believes that SWET is looking out for its shareholders, I've got this bridge I've been thinking about selling. Give me a call.
Several or more of them. This one, in particular, rang a bell.
Here, I fixed it for you:
Weeding out the quick profit takers from the long term holders that have been hanging on and hoping to recoup their losses.
So, SWET's still got to file the K for 2016 and the Q for the first quarter of 2017 and, before you know it, the Q for the second quarter of 2017. I guess now the folks at the conference will be able to ask SWET to come current as a condition to doing a deal and Ron will be able to tout that he satisfied that ask when SWET finally gets current.
Ron will do what Ron has always done ... whatever's in his best interest.
Myyyyyyyyyyyyyyyy Goodness!
According to the very untimely 5/12/17 Q:
In April 2014, the Company organized Arizona Green Power, LLC (“AGP”), an Arizona limited liability company for the purpose to acquire development property from the City of San Luis, Arizona. In connection with financing of the project, the Company reduced its ownership interest to 98.67% in connection with the issuance of a note payable by Arizona Green Power, LLC on April 7, 2014. On November 17, 2015, in connection with the Company land option agreement modification and equity financing, the Company reduced its ownership to 94.67%.
But that's just it. SWET's not developing anything.
There is lots of failure that occurs when developing a product or idea.
No. Go ahead. I'd like to know what's pick apartable about what I said.
Ok, since you asked:
Company reinstatement -- Level of effort: Zero
Renewed land agreement -- Level of effort: Zero
Pr mentioning serious talks with Kenya. (Not to mention the largest solar project in kenya right now was backed by a company that has had talks w SWET if you go through SWET filings ) -- PR mentioning talks. -- There's a long history of SWET PRs mentioning talks. Not too many, and certainly no truly significant ones (financing, PPAs) about the yield from those talks.
Slashing debt 30%+ according to last filing -- Noteholders converting notes is not what I call "slashing debt."
Injection of 200k+ from a handful of shareholders according to recent PR
-- Pennies on the dollar
Increased share holder count -- There's a sucker born every minute.
Company insiders have not sold shares since inception -- They've been doing just fine on the convertible deals
One of the top buy to sell ratios in penny stocks right now ( interest is accelerating ) IMO from technical approach. -- See increased shareholder count
Implementing SRS for retrofitting which I have talked about for the last year seeing it as a ground breaking opportunity to implement w SWETS parents -- Ahahahahahahahahahaha. As several of us have said, this retrofit "idea" contradicts everything Ron's ever said about the tower.
It's complete and utter BS
SWET attending the same investor conference they did 3 years ago which is very significant in my opinion. Did investors show interest 3 years ago and tell them to do certain things / work on certain things and then come revisit them when they've done so? With all the events available to start ups I have a hard time believing they are going back for the heck of it. This is significant IMO . -- What has SWET accomplished over the past few years that these investors could have asked? Note, SWET was not delinquent then nor had its charter elapsed.
Super exciting time for SWET right now especially June/July -- If you got in at $0.0001, it sure is.
That's a really bold statement since SWET's 6/5/17 PR said "The Company has prepared its final 2016 delinquent 10Q and its auditors are completing their required review. The Company anticipates filing the 10Q within the next week or as soon as the auditors provide their required permission to file."
Final 2016 quarterly coming this week IMO
Couldn't get a PPA. Story of SWET's life. I wonder why?
Kenya, huh? I put no stock in mentions of working with foreign entities. See, Chile, India, Mexico ... where have all the flowers gone? I find it funny that you put so much stock in SWET getting up to date when you used to say they were irrelevant and not required.
So Picket's paying another $4k to speak to some folks in NYC. Big deal. As for
SWET [being] the main topic with an audience that has been potentially watching the in talks w the company for the last 4 years
Our Conference forum is specifically designed to capitalize upon expended time for management of presenting companies by providing an abbreviated initial 10 minute overview presentation to all conference attendees which is also live filmed, providing access to members not in attendance and an additional marketing opportunity for presenters by posting to their company websites. Additionally, scheduled one-on-one meetings provide presenting companies an opportunity to fully engage potential investors with full presentations and affords time for in-depth question and answers. Don’t miss the next NIBA conference!
If you believe that, I've got a bridge to sell you.
Sorry, but you hit the nail on the head when you suggested the retrofit idea is a twist on the old story to perpetuate a scam. As BL notes, it's 180 degrees from everything Pickett's ever said.
Whoo that's a good one.
They should be up to date by the time the funding and liquidity event begins.