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I think you might have something there, Crow. Not the thang about turning a share into a dollar, but maybe using the G4 to scan and detect counterfeit bills. Get on it JB!
Just kidding.
Now that we know the truth of the pennstreet matter, I suspect there won't be any announcements forthcoming, no banker deals, no promo by Hangover, no nuthin. JB seems to have taken the lazy man's way out. Why pay others to do promotion he can do his own bad self? You get what you pay for, eh?
I'm thinking they'll never touch that self-loan money - that was just another carrot.
I reckon that pump (giggle) to 8-9 cents is the best its going to get. Unless of course JB breaks open the piggy bank.
Its been fairly obvious that there has been more than one poster using the PS alias. I'm guessing that good ol' JB set it up and others post under the pennstreet alias - JB being one of them.
Well howdy JB!! Nice to know the CEO cares enough to keep in touch with his faithful CDEX following.
Pssst .... sometimes I think you lay it on too thick about what a great CEO and human being you are. lol
Mercy ... JB's been in the house all along!
Hum, all I can do is quote the late, great Jed Clampett: "Well doggies" if there ain't a street namded Penn Street right smack in the middle of that map you linked, Amanita.
Shurely cain't be much more than coincidence. What are the chances? Purely amazing, so it is.
Yep, ol' Bummy certainly is one of them captains of industry.
You don't have to convince me. That hasn't happened in the last 14 years, it isn't going to happen in the next 14 years. You have to convince the bag holders and potential new CDEX shareholders. Judging from the volume in recent months you aren't getting the job done. Just saying.
Know your audience.
Back in the day the gullible would buy up CDEX shares on whispers alone. But that was then.
The medicine went down hard. This is now. They ain't coming back to average down. Good on them.
The STINK may be the only thing left. But it sure enough was a powerful stink that has hung around for years.
But, the vultures picked the CDEX carcass clean a few years back and now there's nothing left to chum with.
Put some meat on the bones CDEX, then maybe something will pick at it.
Right you are, Crow. One would have to throw a considerable amount of money into CDEX to make an average down feasible. And pennstreet's logic for averaging down is because flies circled this POS in NYC. That's what flies do, isn't it?
It is to laugh.
I hadn't thunk of that. So I guess the loan-a-thon really was just for appearances sake. And I guess there aren't going to be any "multiple announcements" coming. And I suppose the mates from down under would rather go on a walk about than play in the CDEX sandbox.
That line of credit ... just another carrot. They can draw the max or they don't have to borrow any at all in which case there is no harm, no foul.
All just more boolsheet. After 14 years why should it be any different now.
WOW!!
Over 700 shares traded today in CDEX!!
But where's Hangover Elite. CDEX sure isn't getting its money's worth outta them.
You're right, good catch!
Wow, that's HUGE!!
Got a link to the IDTA financials?
That's a tough call. The problem is that you can never confirm a bottom until after the fact. Its definitely trending down so I'll just say subpenny.
Yes. In the time period around the last A/S increase, the share price rose. They needed a higher base to dump into to make it worthwhile. But, for those that tend to fall in love with a story and not play along with the inside contestants, the bag could get heavier.
Buying SWET is like going to the liquor store and buying a bottle. Only the clerk takes the top off, chugs half the bottle, fills it back up with water, charges you full price and says "have a (burp)good evening and come back again".
SWET just keeps getting watered down.
According to Nevada Secretary of State, Ronald W. Pickett was president of Telkonet, Inc. Telkonet was permanently revoked by the Nevada SoS.
Click the following link (November 29th, 2004) to see how Pickett conducts business:
http://www.citronresearch.com/stocklemon-updates-on-telkonet-amex-tko/
Telkonet’s revenues fall short of analyst’s expectations by a staggering 95%
This update covers Telkonet’s recent 10-Q and how its appalling lack of revenue unmasks management’s many misrepresentations and overly inflated estimates.
According to the Nevada Secretary of State, SWET did a "stock spilt" which raised the authorized shares from 500,000,000 to 900,000,000 shares effective April 2, 2014.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=rUO9uM0m%252f0ValDeOhMnoEw%253d%253d&CorpName=SOLAR+WIND+ENERGY+TOWER+INC.
The proxy vote in late December will raise the A/S by another 400,000,000 to 1.3 billion.
This dilution thang with them is getting to be habit forming.
Within a year they will almost have tripled the A/S.
Like CWET before it, toxicity will take this down. Just another stinky pinky ATM.
So what is it? Its either not possible to do without spending considerable time and money ... or you can do it with an app at home? LOL
It goes back a little further than that. Pickett bought the shell of an old silver mining company then changed it into CWET. He's running the same tired old pr's under SWET that he ran under CWET. Some of the names have changed though. I'll post more on that when I can.
Yep, big red flag.
SWET promotions:
http://stockpromoters.com/View-Stock-Promotions-By-Symbol.aspx?symbol=swet&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.x=0&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.y=0
Lets see if any new promotions kick up shortly with the A/S about to be increased.
Lather, rinse, repeat.
http://www.altenergymag.com/news/2012/02/14/clean-wind-energy-tower-inc-engages-green-giant-venture-fund-to-develop-carbon-credit-assets/23247
Clean Wind Energy Tower, Inc. Engages Green Giant Venture Fund to Develop Carbon Credit Assets
ANNAPOLIS, Md., Feb. 14, 2012 -- Clean Wind Energy Tower, Inc. (OTCBB: CWET, the "Company") announced today that they have engaged Green Giant Venture Fund, ("GGVF") who will provide services to the Company that include, but are not limited to; assessing the potential of CWET's emission reduction project on the worldwide carbon markets and estimating the expected revenue generation, providing access to Carbon Finance using GGVF extensive network of partners, investigation of CWET's emission reduction potential with respect to registration, provide guidance to CWET on their emission reduction project through all the steps that are required to generate carbon credits and facilitating the forward sale of emission reductions.
Carbon Credits
Green Giant Venture Fund initial estimates, developed under the appropriate United Nations Framework Convention on Climate Change (UNFCCC)/CDM Methodology and the Verified Carbon Standard (VCS), reflect that CWET's project will reduce 5.7 Million tons of CO2 per year. These estimates are calculated 10 years forward resulting in a yearly value of $17.1 M USD, and total value over the 10-year crediting period of $170 Million USD for each individual Downdraft Tower.
Abundant, Clean, Affordable Energy
As designed, the Company anticipates that each Downdraft Tower could generate enough electricity to power up to 1,600,000 homes using the guidelines set forth in the California Statewide Residential Appliance Saturation Study, 2004. As an independent power producer of clean renewable energy, the Company will not be selling power directly to consumers but rather to the grid. As currently designed, the Company anticipates that each Downdraft Tower will be capable of generating 1,100 megawatts per hour of salable electricity to the grid. One megawatt equates to 1,000,000 watts or 1,000 kilowatts of electricity. Currently, avoided costs per kilowatt in California are running approximately $0.11 per kilowatt hour.
Ronald W. Pickett, Chairman and CEO of Clean Wind Energy Tower, stated "We are pleased to engage GGVF to develop the Company's carbon credit project as GGVF not only has the know-how and experience to develop the required Project Design Documents, but also the capability to facilitate the forward sale of credit through GGVF's international buyers/clients."
About Green Giant Venture Fund
World Bank- Carbon Finance registered service provider
UNFCCC -CDM Bazaar registered service provider
www.GreenGiantVentures.com
La Jolla California
USA 858-366-4792
About Clean Wind Energy, Inc.
Clean Wind Energy, Inc. a wholly owned subsidiary of Clean Wind Energy Tower, Inc, has designed and is preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies.
Our Company's core objective and focus is to become a leading provider of clean efficient green energy to the world communities at a reasonable cost without the destructive residuals of fossil fuel, while continuing to generate innovative technological solutions for today and tomorrow's electrical power needs.
In addition to constructing Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity. Clean Wind has assembled a team of experienced business professionals, engineering and scientific consultants with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market. Clean Wind has filed several patents that the Company believes will further enhance this potentially revolutionary technology. Clean Wind Energy, Inc. is based in Annapolis MD, and is traded on the OTCBB under the symbol 'CWET'. For more information, please visit www.cleanwindenergytower.com.
Didja know that Clean Wind Energy Tower changed it’s name to Solar Wind Energy Tower?
http://www.hotstocked.com/article/37102/clean-wind-energy-tower-otc-cwet-toxic.html
Clean Wind Energy Tower (OTC:CWET) – Toxic Convertibles Instead of Green Energy
How disappointing to go fishing in a seemingly pristine mountain lake only to find that you're treading muddy water and dead fish only five steps in. It seems a pristine facade is good enough for promoters pumping Clean Wind Energy Tower (OTC:CWET, CWET message board) stock.
The stock promoted by pumpers belongs to a development stage company. CWET is run by (and consists of) three guys who obviously see it fit to pay themselves $330 thousand investor money compensation for just Q1 of 2012, as reported in their latest 10-Q.
A quick look at financials may ease readers into the really good stuff:
• zero revenue since inception in 2010
• total current assets of $98 thousand
• net loss of $784 thousand for Q1 of 2012
Seeing such "stellar" figures could scare the more precarious investors. The best part about CWET however is their funding comes primarily from unregistered sales of equity securities through convertible notes. The thing is, CWET wants to make clean energy but all their convertible notes are toxic.
In 2011 the company issued an aggregate of $110 thousand in convertible notes. The purchasing party, a certain Asher Enterprises Inc., received the notes convertible at 52 to 69% discount from the lowest closing bid prices of the stock over the 10 days prior to conversion. This looks like a win-win situation for the note holder and a very sad story for shareholders.
Examining the 2012 chart of CWET, the February and early March severe slides in price may well be caused by Asher converting at insane discounts and dumping shares at the speed of sound. It looks like investors were left with a sub-dime stock on their hands and note holders laughed all the way to the bank.
The worst part is, CWET is still doing this in 2012, with their latest two filings describing the granting of notes to Asher and a JMJ Financial, with a collective principal sum of $320 thousand. The conversion of the notes is once again happening at a discount ranging from 30 to 42%.
CEO Ronald Pickett and CMO Robert Crabb also gifted a total of 7.95 million of shares to "various parties" in April 2012, further muddying the waters around CWET.
Despite the abundance of dreadful details about how this company performs and is being run, pumpers chose to only mention some obscure patent CWET supposedly got last week. Some people are willing to do pretty much anything for $13 thousand, which happens to be the budget managed by the pumpers.
Previously pumpers PennyStockRumors, one of the parties touting CWET, have granted their subscribers wonderful opportunities to lose some money in post-pump stock slides, as seen on the chart of HYSR.
Investors should decide for themselves which way to go with CWET and do their own due diligence, even if the downwind drift smells of something rotten.
I don't think anybody will be financing this pipe dream.
Financing aside, no plant no power, no power no power purchase agreement.
Thank you! I'll put it on the shelf with all the others.
I like when otc companies claim to have or are pursuing government contracts. They make such idiotic statements in attempt to impress gullible shareholders. I simply point out the facts according to the regulations. That's what I do. No need to be in on negotiations, it'll never get that far.
You keep chasing pie in the sky. And I'll stand on the ground. With my book of regulations.
Let the games begin.
Interesting:
A 1 penny company is going to put up a 1 billion dollar structure. Several of them. Riiight.
He picks their pockets while they cheer him on. Got to give him props for that.
yep, only one opinion on SWET and that should be good enuf for everybody. I'll wait and see what happens after the dilution vote is passed at year's end. I don't know what my SWET opinion is on that since he hasn't told me that yet.
Ok, I won't debate further with magnificence.
Good luck on SWET.
Yep. It's easier to believe in a fallacy than to face the truth.
Very informative post, thank you.