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The agreements are identical save for the name of the "Developer" which is now AGP instead of SWET. The original agreement was entered into in April of 2014 and was effective for a period of three years. It renewed only if SWET started construction which it has not. Accordingly, it was nearing its expiration date. This is not a new "development" demonstrating advancement of SWET's proposal to build the tower. To maintain any premise that this thing is still alive, SWET needed to either renew (and assign to AGP) the existing agreement or enter into a new agreement with AGP as a party rather than SWET.
Them? Not so much either.
Yeah, but solar wind energy towers, not so much.
Evaporative cooling is very common in dry climates.
At last, we agree on something. They are nuts, but there is no reason to trust Ron
Where has all the volume gone?
Long time passing.
Where has all the volume gone?
Long time ago.
Where has all the volume gone?
The flippers have flipped them every one.
Oh, When will you ever learn?
Oh, When will you ever learn?
So, following that blip of mad volume right around the first of the month, SWET is now back to its pre-blip levels.
Nomad set the line at 5 trading days so if you had the under, you win.
What's the over/under on number of days till it's back to 0.0001?
I believe the handwriting's on the wall on that one ... get out while the getting's good.
One day traders will have to answer the question... was is better to flip this stock for a tick or be patient and slowly continue adding?
That's ol Ron's line for why SWET's never built one.
I don't think that models have been built because of the scale needed to be effective.
Good luck with that. It's not going to change the fact that SWET's a POS share selling machine. That's all it's ever been and all it ever will be.
Slojab answered your question. But you didn't let him finish.
I don't think anyone who's not a part of an organized pump crew can predict ask smacking in a dead pos. It'll take news from Pickett to cause people to do that, but there will be no news of the type that will cause people to do that.
So ... What's the prediction for today?
I'm shocked, shocked I say, to hear that Ron did not take you up on your offer to help build a prototype. He probably fees silly for not thinking to do something like that years ago to prove that this thing actually works. Or ... you think maybe he knows it's all BS and that's why he never built one? My money's on the latter.
I'm sorry, was that "breach" or "beach"?
What's the over/under on number of days till it's back to 0.0001?
So, did you reach out to Pickett and, if so, any response? Inquiring minds want to know.
And you've been saying this for how long now?
In my opinion PR soon with updated development agreement and news to go along w it.
Notice how the volume's steadily decreased since the big spike the other day. It's called a trend, i.e., it's trending back to normal after the aberration.
To the extent that he did (and still has it -- see post 13736), I presume that he's smart enough not to dump his own $ into this POS.
What happened to the millions he accumulated in his previous executive roles
I've done my DD and there is just no there, there. The stock may run here and there based on little snippets like SWET reinstating its NV charter and the prospect of news to come but it will not get any PPAs or financing and the tower will never be built, all of which are required for there to be any real appreciation in the stock's value. If I've said it once, I've said it a thousand times, large power purchasers such as those SWET purports to be chasing do not invest their time and resources in untested novel sources of energy proposed by insolvent penny stock purveyors -- particularly when there's a glut of cheap solar available. Likewise for the money guys.
Did he really put the order in? It's easy to say you've done it when, whether you actually did or did not, you expect it to be masked by the stupid crazy volume like we've seen the last couple of days. This POS is so predictable. A little event (Form 4s purporting to show insider buys, reinstatement of the corporate charter) and the chatter of news to come runs rampant, followed by crazy volume, a slight move in the price and then ... and then nothing. No news, the volume dries up, the flybys head for greener pastures and the stock settles back at $0.0001 where it belongs. Rinse and repeat.
You ever notice that it's a never-ending series of contingencies with these guys. Exactly what experiments are being conducted? SWET has no staff or facilities and thus no capability to conduct any experiments on its own and it has no money, so how is it paying for these experiments? Anyone catch that whiff?
It needs a boost alright ... a boost of reality.
No. SWET will not. You are very late to the party and only kidding yourself. SWET has blown through more money than just about anyone can shake a stick at and has nothing to show for it but a couple of websites. Go through it's history of Ks and Qs, which it's no longer filing. You'll see that most of the money went to the illusive GS&A rather than R&D. The only real question to ask here is where did all the money go.
Don't ya kind of wonder why SWET never thought about that in the first place?
No. It is not.
Technology is innovation so the former cannot be defied by the latter. And just what professionals are we talking about here? Neither Pickett, Crabb nor Sadle have any experience in power generation and can hardly be called professionals in the industry. Now, if we're talking the stock selling industry ...
I guess we're just going to have to agree to disagree on the import of these so-called insider purchases. It appears though that all you are standing on is those purchases and the SWET patents which, to date, have not proven to be of any value. That's some pretty thin ice.
Sorry, my bad.
I've said it before and I'll say it again, there will be no such news.
So, we're back to waiting on news of PPAs and financing.
we can't finish the engineering [on its proposed gas peaking plant (which it first proposed about two years ago)] until we know what the project design will be.
It's clicking just fine, thank you.
I'm familiar with the fourth amended option agreement, thanks. But, noticeably, you didn't answer any of the issues that have been raised. You said,
Options agreement clearly stated option to purchase w those 3 entities . Verde and Ming and Pickett. Doesn't say they are the owners of the land it said a they entered into agreement to buy.
That's the same article that Slojab posted a couple of days ago. Someone probably asked, whatever happened to that big as $@#@ power tower some @#$#$#@ was proposing to build here. I guess Cesar drew the short straw.
What, pray tell, does CVL Consultants have to do with the price of cheese, much less SWET? Never heard of it till now, certainly not from SWET, and it appears the only way you get to it is by peeling some layers of the onion, i.e., the apparently bogus option agreement.
My head is positively spinning with all there is to like about this company -- or is it just that this post has put me in the spin zone. Speaking of websites as you were, I love the SWET website and how the two most prominently displayed items are an interview from February 2015 and a CBS-5 news story from July of 2014. Whoo boy! It's hard to keep pace with all that's going on with this POS.
Wrong again as, in fact, the option agreement does say they are the owners of the land:
This Option Agreement to Purchase Real Property ("Agreement") is made and entered by and between Ting Ming Henry Ng, a single man, and Von Verde Development, LLC, an Arizona limited liability company (collectively the "Owners") and Solar Wind Energy Tower, Inc., a Nevada corporation ("Solar Wind").
RECITALS:
Whereas, Owners are the owners of all the parcels of real property comprising Section 13, Township 11 South, Range 24 West, Gila and Salt River Base and Meridian, Official Records of Yuma County, Arizona, consisting of approximately 640 acres (the "Property");
So, if the property is owned by the State and the Feds, how do you enter into an option to purchase it with Tom and Dick -- or in this case, Ting Ming Henry Ng, a single man, and Von Verde Development, LLC, an Arizona limited liability company (collectively the "Owners"). Hey, what's that stench?
In respect of the alleged SWET purchase though, it's more than the assignment of a value, it's the per acre purchase price. From the Option Agreement to Purchase Real Property:
2. Option. For good and valuable consideration, the Owners hereby grant Solar Wind an exclusive and irrevocable option ("Option") to acquire the Property through December 14, 2014 ("Term") for the purchase price of $46,500.00 per acre ("Purchase Price"). The Owners agree Solar Wind shall have the right to extend the Term for periods of 6 months, but no longer than June 30, 2017, upon delivering written notice to the Owners prior to to the expiration of the Term, or extended Term, along with the payment of a non-refundable extension fee of $250,000.00 for each 6 month extension. The Owners and Solar Wind agree the non-refundable option and extension fees shall not be credited towards the Purchase Price upon the Close of Escrow.
Did you notice that the full cash value at which the properties are assessed is $320,000 which, at 320 acres, works out to $1,000 per acre? $46K per acre indeed! Something is fishy in San Luis and it's really starting to smell.
What do you mean when you say
but Von Verde Development LLC regulatory regime is the Arizona Corporation Commission so they have affiliation which is the state of Arizona.
A good update? Demonstrates to me how full of @#$# Ron is. How long has SWET been at it and Ron still doesn't know what the project design will be?
Last year we got the permit to include that plant, and for the past four months we have experimented with alternative methods to increase the base load capacity," Pickett said. "We think it will work, but we can't finish the engineering until we know what the project design will be.
The new complications have held construction on what is envisioned as a more than 2,000-foot-tall tower on a 640-acre parcel located south of County 24th Street and west of Avenue C.