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They are stating their ownership. Look at the past filings and read the details. They own 9.99% of the outstanding shares per the convertible note they have with SWET. When the number of shares increased so did their holdings. They are filing to state their current ownership.
Why post a cryptic message. Why don't you share your thoughts with everyone?
What's wrong with using the phone?
You should reach out to the company and voice your concerns. If you are educated on this topic and so invested in proving it's flawed science, that's seems like a logical step on your part! Agree?
Has anyone posted a link to the purchase agreement for the land? I would like to see those details
I wasn't referring to the water issue. I'm still on the fence with that topic.
The Israeli study in the 70's wasn't a large scale model so there is no way of knowing the effects on humidity and being near and earthquake prone area doesn't mean it will greatly effect the San Luis area.
I wouldn't exactly call that a professional article, it's more of a blog post. While he did bring up some interesting points I do t think he really uses any hard facts to support his statements.
If they can net $100-200 million this company will be worth a lot more than that. SCTY is on target for $240 million in revenue this year and will loose several million net and they are valued at almost $7 billion. If you put that market cap on SWET we are looking at a share price of $13-$14.
I don't think they want to get into the business of owning multiple sites. They need one to prove its a viable energy solution, after that I'm guessing license and consulting fees only. As for a dividend I think we are a long way from even speculating that will happen. I'm in this for price appreciation only. If they can get this thing rolling and based on the revenue projections people have been posting I could see this company with a $2-3 billion market cap ($4-5 dollars per share). The only question I have is what are the expenses going to be to operate the tower? How much profit will there really be? They will need multiple sites in the que to get there, even at the $18 million a year in fees.
I agree with the support. I have had a buy order in for 500k shares at $0.022 for almost a month and not a single share has filled. We have seen $0.0225 hit a few times but not below that price.
Any info from the city of San Luis meeting that was held last night?
Because those are already outstanding. They have to issue the notes to finance the company. If the notes are converted and those shares dumped on the open market....yes that will impact the price. I was not aware that JDF financed them almost $4 million?
Those numbers assume the note was converted into common shares.
Details would be helpful.
Don't get too excited! AAEC will "raise $100 million". They have not invested the money yet.
To get more granular on this topic. ARGI is an RIA that discretionarily manages it's clients assets. The most likely scenario is that a client of ARGI (which they have at least 600 of) requested they purchase these shares in their account for them. I doubt this was an "investment committee" level decision by the firm. Either way they need to report the holdings to the SEC. This really is a non issue.
Full disclosure.... I own 700k shares and accumulated over the last 2 weeks of May and first 2 weeks of June. Avg. cost basis of $0.0184/share
BTW.... There's a comment on the 1Q report that states on 4/2/2014 the majority shareholders approved to increase the number of authorized shares from 500m to 900m. I hope they don't need to issue them!
I recall reading those numbers in the 10q. The 174 you refer to is "as of 7/2013" so I doubt those are up to date. I can't imagine that 65% of the shares outstanding are restricted.
Not sure where you are getting that float number from? It's more like 380 million shares.
You may want to confirm that with the company. The verbiage in the 8k is very generic. I would bet its 10% over the life of the note not per diem. That's absurd and if it's the case Mr Pickett is an idiot with a pipe dream that will never happen.
The par value is always $0.001 for every company. It means nothing. SWET needs operating cash to see this through and they are lucky to get the financing even at 10%
The strike prices are at $0.05 & $0.04. There getting 10% on the notes so I can't imagine they will convert them unless the price moves above that. Even if they do it doesn't mean they are going to sell the shares. I would guess they hold the notes until the price is substantially above those targets. A 10% return is quite a deal!
I am not sure that's what happened. It was an amended filing, they are probably moving around shares like they have in the past. The amount listed on the filing is the exact amount owned by the Fidelity Pacific Basin Fund
I'm still here!
I know about that info, but it's 2 weeks old and irrelevant at this point.
Where do you get your short position info and how up to date is it?
New report posted about a Chinese billion taking a position in YOD. Seems legit
Are you still short?
He's not down at all. Stanlee was buying this @ $1.25 the same time I was. If I recall, he was holding 40k shares with a basis below $1.50. He sold around $5 and then got back in at some point a month or so ago. Now he's short.
Stanlee do you want to provide everyone with a breakdown? Or is mine close?
Stanlee looks like you shorted the wrong stock
If you are referring to the "Form D" that was filed with the SEC today, it most likely has to do with the CMedia investment and the fact they stated other "accredited investors" were involved.
I meant to say they 930k not 9.3m they can't sell. If they did bail, it was a smart business move on their part. $25 million dollar investment doubled in a week!
Don't forget YOD still has the $25 million in cash to move things forward. They still have Cmedia on the board to help move things forward.
There was a little over 16 million shares offered on the S-3, and most were probably sold in the last 2 days.
I went back and read the SEC filling again. They did list 8.2 million in the most recent filling. It would be interesting if they did sell considering they still own 9.3 million they can't sell yet. We will see!!!!
Yahoo is not a reliable source
I don't think they "technically" have 8.5 million shares to sell at this point in time!
If this is true.... Please post a link or source
If not true..... Go bother another board!
This thing may trade it's entire float today!
$3.50 and 95k shares traded and the market doesn't open for 30 minutes