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It reads like a supplier agreement but it also mentions financing. I'm not sure if Inge is associated with Engga or if this is an agreement to supply the additional turbines that WWEI will need to complete their projects above what Engga can produce. As far as the financing is concerned, the article gave me the impression that the supplier would be fronting the units and payment will be made later on the condition that WWEI can produce the DD that lead to the governmental approval of the PPA in the first place. Still doesn't address the possibility of changing sites, although this could be a sign that the company won't need to. I think the tax ID registration is interesting as well. Don't know if this is something that is done when the company expects to start generating revenue or if its just one more piece of the bureaucratic puzzle and of no real significance. I think we can assume that this info means the project is at least making progress. Anyone else with analysis?
I see the development as a postitive sign that things are moving forward and the mention of environmental protection is reason for optimism. However, not knowing how many wind projects are being considered for the area, as well as the specifics on whether any additional wind and feasibility studies will be required leaves room for question as to how far out news will be. I don't really have any doubt that the financing will be arranged upon the construction permit being given yet, if this gets pushed out long enough it gives room for priorities and politics to change thus WWEI runs the risk of finding themselves no longer relevant. This I think is the major risk that the company runs. Chinese federal law is on the companies side from what I have read so I am hoping it is just a matter of time. I would imagine there are others with better educated guesses on this than I but this is how I see it.
Are you guys seeing this? Never thought I would be happy to see it hit .02. Any conjecture on what's up? Could be some news brewing that hasn't been leaked here in the west, perhaps some small institutional investing driving up the price.
The time to panic was after the last CC. Nothing of any negative consequence has really happened outside of, it may take a little while longer to get the specifics which should have been expected. Besides, all of the info that you could want as far as updates can be found in AWRO's research. Of course this assumes that the canadian company referenced is Welwind. I have known a couple of natural born Chinese and yes, face is important but the almighty yuan takes precident every single time. At least ime. :)
More than 100K shares traded, looks like in after hours trading at .014 when the bid was somewhere in the .0172 range at the end of the day. Any ideas from those more learned than myself on the subject have any theories?
I don't know about anyone else here but the two most recent developments are going to have a dramatic impact on shareholder value going forward in my opinion. I never had direct contact with Robert Bragg and he seems like he is a genuine and decent human being however, when it comes to MY money one can see a dramatic difference between previous representation and the most recent IR firm in their presentation alone as well as the publications they have access to. Only time will tell if they do indeed have the kind of connections and clout that will bring big time money to the table but considering that is the major selling point on just about every slide leads me to believe that they would not be taking on WWEI as a client with shares being their major form of compensation without a very significant reason to believe shareholder value is going to increase.
It's a little bit of a choppy read but is certainly intriguing. I guess now all we need is the mythical press release with details I have heard about. From what I could gather it looks like they have final approval on something but hard to tell what it is.
I think if we knew what priority the wind project for Welwind was amongst the decision makers in China it would go a long way toward eliminating doubt. As I see it the project is going to happen but it could get pushed back years or in June we could get word as to exactly where construction will happen and that no more tests are necessary. I do think that in reading what has been posted ; financing is less of an obstacle to simply having finality on the logistics.
So I'm curious what issues might be holding up the financials. My most optimistic scenerio is that the company has performed services for which they are to be paid upon completion yet, due to GAAP they are required to record that income in the month for which the service was performed even though it is not yet paid. Therefore, WWEI, in accounting terms has in fact earned income and they are attempting to retrace their steps and include this information. It would seem that this would have been an agregious mistake on the part of their former accountants but stranger things have happened. This is just hypothetical. The thought that they may be preparing their financials in such a way that would allow for easier transition to a more esteemed trading exchange has crossed my mind alas, I fear I am simply wishing in one hand and well you know...
and who the hell are you again?
Thank you for that. It is interesting, without NITE's presence on this the price would appear to have no place to go but up, of course it could remain completely stagnant if now one stepped up to the ask I suppose. Regardless I would love to speak to someone in that company just to have an understanding of what there MO is for a company like WWEI and how they go about making money on it. There are several possibilities but I honestly don't think they would be wasting all of this time trying to accumulate when they can in at least some part influence price fluctuations and therefore have a much better chance of playing the ups and downs for profit.
OT: I have to ask, is that dog real?
I would like to see the L2 on this cause every time the price starts to run up a little the ask goes to .0225 and someone sells off a small chunk for .021. Not saying manipulation but it does seem a little odd.
I have a question about the MACD indicator. If you are looking at the past day what is the best frequency to set? If I set this stock at the 5 minute frequency it indicates downward momentum whereas if its set at 15 it shows upward momentum. Obviously the 5 minute is more sensetive to the backwards slide at the end of the day but my question is; Which is more accurate?
I think you're right barring any administrative disaster from within the Chinese government. As a previous poster noted however, it is going to all depend upon the finalization of the steel manufacturing logistics before we get any of the details as pertains to the PPA or construction permits.
Honestly, I don't think this is going to move until something substantive happens. They mentioned the start of construction at the end of the first quarter during the conference call. So, where is it?
Anyone have news regarding the conference?
Gotta love that socialist model.
Got mine, check your spam box. My guest log in # is different
Hopefully it means there are a lot of people watching and waiting to jump in on good news.
They have stopped talking trash for the most part on yahoo as well it seems.
JUHL is an interesting comparison although I wouldn't call them a direct competitor simply because their model is different, unless I misunderstood something about how they are building their projects, more rural small community stuff. Yet, they have 118 MW running it seems and a total of 402 MW in different phases, at a price around $2. 20 mil outstanding to Welwind's 190 mil. Any guess as to how much MW Welwind could put together in the next year?
I have a question. So if the financing comes in at $90 million, we are looking at a share price of around .47 right? So if Engga gave Welwind FIRST priority then whatever they have produced or promised to have completed in the near future would go to Welwind assuming it was ready for construction to begin. That would put the PPA in place and all proper permits ready to go. Will construction begin at the end of March? Only if the aforementioned conditions are in place. So if we get the PPA financing and turbines and the ok to go ahead what is the value of the stock then? What impact would having the PPA in place have on revenue and thus the PPS? I would be interested in anyone's 'logical' response. I'm curious if anyone has an educated guess on this. I have been lurking on the board for awile thanks for anyone that responds and I enjoy the info.
From AWRO's post:
Vestas grows wind presence in China
Vestas reported sales of 100 MW of turbines in China from two wind power projects in China that the company declined to name. Delivery of the 100 MW of turbines is also expected in the third quarter of 2009.
http://cleantech.com/news/4089/vestas-grows-wind-presence-china
Does Welwind's relationship with Engga have anything do with this? Guess we will find out Wednesday
Hi all, I just lurk here and don't have a substantial interest compared to some of you but I saw on the google board that Doubling Stocks is pumping WWEI, which has left me even more confused and concerned. From my understanding this means that WWEI probably paid Doubling Stocks to pump the stock, not for sure on that one but Doubling Stocks is a pump and dump outfit, this I am sure of. It looks like the newsletter was published on Dec 1st, but this was the first I had heard of it. This was copied from the Google website
"Doubling Stock Newsletter: WWEI could explode if Obama bankrupts coal
industry!"
Doubling Stock Newsletter: WWEI could explode if Obama bankrupts coal
industry!
01 Dec
Posted by admin as Uncategorized
My new big pick is WWEI.
My first ever alert on First Solar was back on June 14th 2007, at the
time it was trading at $76.22. It then went on to hit $317 a share!!
Now I’m telling you about WWEI near it’s lowest levels so make sure
it’s on your watch list. Wind is the next big industry to explode.
Have you been to China lately? I visited China last year and the
pollution over there is outrageous. Imagine sticking your face in a
car tailpipe and breathing that’s what its like. Since coming back
from China I have developed asthma and occasionally have to use an
inhaler.
Coal supplies 70% of the electricity in China today and this has
created a pollution crisis. 16 of the world’s 20 most polluted cities
are in China. It is easy to understand why China’s government is
placing such a major emphasis on Wind Energy!
http://www.doublingstocksnewsletter.com/doubling-stock-newsletter-wwe...