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Don't shoot the messenger ... I'm just reporting what it says in the option agreement.
Except for the fact that the Option Agreement (see Post 5736) recites
So wait ... Are you saying that 320 acres of the land Ron's allegedly going to build on is owned by BLM and that the other 320 acres is owned by the State? That just does not sound right. BTW, maybe I'm doing something wrong, but the links you sent do not work -- send me to some registered user log in page.
I believe this is what you're looking for -- the 11/23/15 8-K
Item 1.01. Entry into a Material Definitive Agreement.
On November 17, 2015, Solar Wind Energy Tower, Inc. (the “Company”) entered into a Fourth Amended Option Agreement (the “Amended Option Agreement”) to the Option Agreement dated April 11, 2014 (“Option Agreement”) with several capital investors, (the “Capital Investors”) and current land owners (the “Land Owners”) (the Land Owners together with the Capital Investors, collectively referred to as the “Equity Investors”).
Pursuant to the terms of the Amended Option Agreement, the Land Owners agreed to invest $600,000 (the “Land Owners Equity”) and defer until closing an additional $450,000 (the “Delayed Option Payment”) in exchange for a 2.67% equity investment in Arizona Green Power LLC (“AGP”, a private company owned by the Company) for the sole purpose of developing an energy tower facility in San Luis, Arizona utilizing the proprietary technology developed by the Company to develop a large downdraft tower capable of creating abundant clean utility scale alternative energy (the “Tower Project”). The equity investment includes any and all cash flows related thereto.
Moreover, pursuant to the terms of the Option Agreement, the Capital Investor has also committed an additional $300,000 in exchange for a 1.33% equity investment in Arizona Green Power LLC and the Tower Project, $50,000 which has been paid and the additional $250,000 conditioned upon the Company and AGP successfully procuring, as determined in the Capital Investors’ sole discretion, $5,000,000 or more in additional equity from investors, or such other additional amount as is necessary for the balance of the required pre-development and development costs of the Tower Project (the “Equity Raise”).
Further, if the Company and AGP close the acquisition of the Property prior to (a) December 1, 2016, the Delayed Option Payment shall be reduced by $200,000 (such that the Delayed Option Payment shall equal $250,000), or (b) July 1, 2016, the Delayed Option Payment shall be reduced by $450,000 (such that the Delayed Option Payment shall equal $0).
The Land Owners have the right to terminate the Amended Option Agreement at any time after July 1, 2016 if the Company and AGP have not completed the Equity Raise prior to July 1, 2016.
My guess is nowhere.
Rather than taking cash!? AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA. SWET has no cash.
Yeah, because you're so good at sharing.
http://www.cityofsanluis.org/documentcenter/view/1017
There's a link to the agreement when you get to the page Slojab directed you to. It provides for a term of three years from the effective date and a two year extension if SWET commences construction.
I sure hope so. That natural gas cycling plant is what's really needed to turn this thing around and get it moving in the right direction. BTW, if you're interested in any bridges ...
From the AGP website:
I think they know by now that they were used.
I do. Not much.
No. He left because he was told to leave. But at least TKOI had a real product. And if the patents are so valuable and the magnitude of this is so huge and if Ron's such a great executive, then why, in the six or so years that Ron's been at it, has he been unable to generate any legitimate financing vehicle or sign even one PPA? Riddle me that, will you? Again, I won't hold my breath.
Show us these additional positions you're talking about ... other than the late fall convertible debentures that is.
And, as RS questioned, where's the evidence that "insiders continue to increase their interest"? As he noted, there's been nothing to that effect since the November 2016 filings concerning convertible debt. I won't hold my breath while I wait for the answer.
Again, who exactly?
Two questions: Who are all of these entities that are beginning to build these towers and so, now you're a patent law expert?
All of that occured long before you got here. By the time you arrived, it was completely and totally played out, i.e., it's dead, so naturally you would not see it.
I feel like we've had this time will tell conversation already. Guess we'll have to agree to disagree.
He didn't acquire convertible debentures, rather, he converted the principal owing on a debenture into SWET stock. The Form 4 explains:
In these other situations you reference, did they also have fake products that they were promoting?
The stock's been mired in the trips (and at 0.0001) for how long now? Hasn't been any news out for over a year. What will you consider to be time telling it's dead?
He did champion renewables as gov of Texas, but it's not clear what that has to do with SWET's phony tower of power. As for time telling if SWET is dead or alive ... time's already spoken and pronounced it dead.
Back again to push that old wive's tale, are we?
There's enough info about this penny stock to know that it's played out. You're just late to the party and wearing blinders to boot.
Um, you do realize that the election was some two months ago, right? As for Trump and renewables, if you were paying any attention at all, you'd know he's a climate change denier and campaigned on bringing coal back. There's his view on renewables.
Really closed 2016 with a bang, right? Lots of signs for more of the same in 2017 ... maybe even a delisting. Stay tuned for another episode of The Walking Dead.
If I had a dollar for every patent that was not capable of being commercialized or otherwise not worth the paper to print it on, I could give up my day job.
Here, I fixed it for you:
You've been saying that ... at least with respect to the PR ... since August. I'm starting to doubt you.
I've said it before and I'll say it again, the so-called land renewals are meaningless. Apparently no one wants the property (otherwise the landowners would have terminated the option which is their right) and the extensions did not cost SWET anything so they allow SWET to continue with its fiction and the landowners technically still have a right to the extension fees they deferred (Of course there's that whole blood/stone thing but whatever). It's a win/win!
Of course the deferral apparently only covered the December '15 extension and last summer's. Unless there's a further deferral or some other arrangement, SWET does not appear to have a means to further extend it for another 6 month period, i.e., through June '17 which, according to the option agreement, is the last date through which it can be extended. Tick tock. I guess it's possible the landowners will allow the extensions to continue to roll over. SWET's sunk though if someone with actual money shows up with an interest in the property -- and who knows, maybe someone already has and SWET's just not reported it.
As discussed, the "insider transactions" are likewise an illusion.
You all keep pushing the notion that SWET's going to come up with PPAs but, other than pointing to some general societal interest in renewables, fail to explain how or why. SWET lacks even the barest of fundamentals to support someone in the market taking the risk. It's insolvent and its "tech" is completely untested and unproven. A website, a cartoon and a silly you tube video of a six foot tall tower with dry ice at the top may be sufficient for gullible penny stock investors but not the sophisticated power purchasers SWET would need.
You've been saying that/looking for an update for about a year now. I guess if you don't have hope, what have you got?
So are you saying that this -- that Google intends to go 100% green -- is the news we've all been waiting for? So I'll certainly be looking for SWET to really take off today ... 10 to 20 bagga here, right?
You'd have to ask Ron.
Actually, SR accurately set forth where things stand:
I guess if you keep saying this and if SWET ultimately releases a PR, that would mean you were right?
In answer to the question