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When all you're trying to do is sell 0002s financials don't matter....
Nice Rumor....
Lemme guess you can't be bothered to post a link but your perfectly willing to spend the time spreading it far and wide.
If Ron had managed to get ANOTHER extention I'm sure that he would have dropped a PR.
The company is broke. It was funded entirely through convertible notes. Even super shady lenders won't give Ron any more money since there isn't any demand for shares.
I don't know...
Have you read his disclaimer section on the financial reports? He's been pretty through about warning that the company might not be successful.
Thing is, he has to have given it an honest effort. That's why I think that the consultant with be the best witness. He should know whether they put any real effort into it and whether or not they had any offers.
It's not like they were trying to sell some crazy product that nobody wants. Cheap electricity should have been incredibly easy to sell.
How'd you know I was in California?
I agree, getting the City involved was a nice way to pump the stock but I think it'll bite him in the ass eventually.
Seems pretty likely that some of those people would have bought stock. Those buys were probably closer to 4 cents than 4 thousandth of a cent. Plus, since they probably thought it'd be a slam dunk they would have held onto the looser. They're probably pretty pissed...
It's very possible that they'll file charges and ask for an investigation.
I think that that guy they hired as a consultant to help them get PPAs from the Government would be the best witness. I don't think that he'd lie to protect the company. He's got way too much to loose.
The manipulator is getting cheap.
Six 10,000 share trades is a pathetic $12 spent. You gotta pump harder than that to get this stock to move.
Course, I guess he already has put quite a bit of effort into this.
Darn degenerate gamblers, just throwing good money after bad.
Course, he may have gotten lucky and cashed in on some of those larger buys at 0002.
Sometimes you just gotta know when to quit...
Looks like NO BID once again.
Still 224 Million sitting on the ask.
This is bullish?
The land deal is set to expire July first.
That's NOT good news.
The company has been silent for a long time. They aren't even filing financials anymore. They're broke.
This is just a zombie ticker at this point. There just ain't no reason for this zombie to start walking uphill.
Today's Time & Sales
See Pic Below
Once again we have clear signs of manipulation. Two $20 for 100,000 trades right at the open to get the excitement going. Then spraying a bunch of little $2 for 10,000 share trades it gives the impression that lots of people are buying. Who buys only $2 worth of a penny stock? It costs most people more than that to make a trade. All of those trades were probably made by a single trader. He's obviously got his millions sitting there at 0002 waiting for a newbie to buy them from him.
This manipulation is obviously targeting the newbies.
That's pathetic...
I'm honestly saddened to see the next two trades.
$100 for 500,000 and $200 for 1,000,000 were probably the newbies who got suckered in. Course, it could have been the manipulator as well. The newbies weren't buying but bigger trades might get em hooked. Either way the momentum was lost pretty quickly.
After that is what I expect to see for as long as there is a bid.
People dumping their shares.
I'm not trying to talk you into selling.
I just don't think that anyone should be buying.
Bottom of the barrel ain't bullish.
SWET had big plans and they failed to deliver. That's why it's price is 0001.
SWET is flat broke.
They stopped filing financial reports because there's nothing to report.
So the price has been falling for 10 years and you think that is a bullish sign?
You do understand that we're supposed to be making money when we trade, right? Buy low sell higher?
A stock that has been falling for 10 years just doesn't seem like it is a good thing to be buying. Obviously there's a reason why the price isn't going up.
Also if it's a falling wedge, as you say, then the flat bottom of that wedge has to be pretty close to 0001 just like I originally said.
I see the painter is back.
Who else buys only 100,000 shares?
A $10 trade is just manipulation.
That is a bullshit flag.
If it were anything else it would be trading for much much more.
Technical analysis doesn't work when
the flat bottom is at 0001. That's not bid support. That's just the lowest price it can possibly trade at.
BIG DIFFERENCE...
So now it's a POS?
It's been a POS the whole time.
You didn't want to believe us earlier.
The only reason this has had any volume recently was apparently due to a poorly executed pump. The flippers who were trying to double up are getting out flat while there's a bid.
From what I noticed the bid has dropped pretty low. It was down to only about 6 M last time I checked. It was up to over 100 M at one point. The ask has been steadily above 200 M.
Check the time & sales. The sellers were responsible for 99% of today's volume.
I was writing a long post with a screen shot on my phone and accidentally clicked on the back button. I lost the whole thing.
I'm really surprised that somebody didn't paint the tape @ 2 for the close. There was more volume than usual. That would have made for a pretty picture.
Maybe the painter got out too.
We'll see how things go today.
Well, we were on the fake out board for a few days. I'm sure there's some who are here hoping to double up with a quick flip.
Looks like several of them became impatient and got out flat.
Im surprised that people haven't noticed that there's not all that many 2s that were sold.
$47 @ 0002 trying to bait the hook.
Lots of selling...
Only 13 M left on bid.
Get em while they're there...
It's been no bid before.
It could easily be no bid once again.
Sell 150,000,000,000,000 shares?
Maybe Ron has been busy building the tower, in secret, using invisible construction equipment and materials. Kinda like Wonder Woman's plane. It would explain why they are not filing financials.
I think he'll reveal his secret plan in a special press release on Christmas day. What a wonderful present that would make to the loyal SWET investors.
/S
The reason that Solar Wind Energy stopped filing financials is obvious. They have no money to report. The last convertible notes were sold in 2014. Once that money was spent they were technically insolvent. By not filing financials they're hiding the fact.
So is 500,000 enough to get on anyone's scanners?
I sure hope not...
Who buys $15 of a penny stock?
150,000 @ .0002 is the only trade today.
Which is no surprise.
Waiting is the only activity that is actually going on.
Funny, I never knew that waiting was an activity.
The tower hasn't gotten anywhere close to being built and the share price is at the lowest it can possibly go. Now you're talking about a dividend?
Your optimism is obviously boundless...
If that contract had been extended then there would have been a press release.
When the contact expires on July 1st that'll just be one more nail in this coffin.
WooHooo, SWET built a website.
Too bad they couldn't get it to generate electricity.
Solar Wind has harvested a whole lot of money through convertible notes and all investors ever got for their money was this cheesy website.
Just look at all of the filings for convertible notes.
Law Insider
Also note that the last convertible deal was done back in 2014.
The company hasn't had any money since that ran out.
Solar Wind is FLAT BROKE.
Why else wouldn't they have filed recent financials?
BTW, the contract extension with the landowner expires in 2 weeks.
Pretty much everything your bringing up as good points has already been discussed thoroughly. Most of it is considered as ancient history.
Just one more reason why this will never be built is the severe drought. In order to pay back the loan the tower must operate for a considerable number of years. The City hydrologist has said that there's enough water but who's to say what happens if this drought continues? Banks absolutely hate uncertainty. ESPECIALLY when dealing with huge sums of money.
Actually, they gave a date for when they'd file the financials.
That was months ago...
Good luck on selling those 2s.
Looks like there's quite a bit of competition.
Good luck with that...
Don't hold your breath.
The linchpin of this whole thing is the power purchase agreements. If he had even one for even a small percentage of the electricity they need to sell don't you think that they would have said something?
Why aren't they filing their financial reports?
I seriously doubt that they're just too busy making all the preparations for the ground breaking ceremony.
I've thought about that quite often. It's one thing to tell a good story and sell a pile of shares to hopeful investors. It's quite another to get involved with a city, even a tiny one, and make them appear complicit.
They could sue simply to protect themselves from any future legal issues that Solar Wind may bring upon themselves.
They may want to distance themselves from Solar Wind to simply restore their good name & protect their reputation.
They could also sue simply out of spite. Obviously this has ended up as a looser for the City. They've put quite a bit of effort & probably their own money into this project through extra wages and other expenses. Not to mention the incessant calls & emails I'm sure they've gotten.
They could also sue out of revenge. I would imagine that several members of the City bought shares hoping to get rich. After all, they would be very hopeful and optimistic. They would have probably bought them early on. Their losses may have been considerable.
With all of the motivation, I'm pretty sure that they'd be able to find something to charge Ron with.
Seems to me that the consultant that was hired for assistance with getting Government PPAs could be a very important witness in the case. He should be able confirm whether they actually made an honest effort to get PPAs or not.
Another part of the loan approval was power purchase agreements.
There hasn't been any announcement about successfully obtaining power purchase agreements. Apparently, not even the City of San Luis signed up. This project would benefit the City greatly. There's just no way that they wouldn't sign.
Ron can't sign power purchase agreements since they're a very serious legally binding document. There would be serious consequences if he failed to deliver the electricity as promised.
BTW, if you actually check out how the insiders got their enormous holdings they were given the vast majority of them.
My theory about the relatively small purchases made by insiders late in the game was to keep the note holders from suing them. They were having trouble getting their money back and were justifiably pissed.
The transactions weren't open market buys. A quick look at the volume of sales for the days they claimed to have bought will show that they were private sales.
Ron tried to spin it by making it look like he put his own money into this. He didn't... The money he used had to have been money he originally harvested, indirectly of course, from the pockets of shareholders.
Don't you think that IF they were coming that they'd have already been here?
Ron didn't mention anything about PPAs in the most recent communication.
I can't say why he couldn't get them but it's painfully obvious that he didn't get them.
Without PPAs there will be no financing.
Without financing there is no reason for investors to expect to ever see a profit.
Without hope of profits there is no reason to buy this stock. Solar Wind Energy is not a nonprofit. There's much better places for people who want to donate can put their money.
A R/S wouldn't suddenly make the stock worth the inflated price. It'd drop like a stone.
Note sellers wouldn't provide Ron with additional capital after a R/S since the price wouldn't be sustainable. They are seeking profits too...
How was the company getting its money?
The answer has been posted many times. It's also in the financial reports.
That source has dried up...
The company has NO MONEY...
SWET is broke
They have NO MONEY
The company is hiding that fact by not filing recent financial reports. We didn't get a K for 2015 or the Q for the first quarter of 2016.
The company was funded entirely through the sale of convertible notes. The note holders converted their notees into shares and sold them into the market. Every penny Solar Wind Energy ever spent was provided by shareholders.
The only thing that Solar Wind ever managed to build was a cheesy website.
As investors enthusiasm fell and desperate note holders dumped their shares the price plummeted. That's how SWET came to trade at the absolute lowest price possible.
There's no sign of progress by the company. The most recent communication we've seen is an email that basically said that they were still in pursuit of funding and that funds were necessary for the project to move forward. It didn't provide any reason for optimism. After all, what do you expect from a stinky pinky CEO? He's not going to come right out and say that he'd failed to deliver on the hype.
2 shares @ .00015?
What a cheapskate...
If you're going to paint a price isn't it probably a better strategy to paint up a little volume too?
Absolutely pitiful...
100,000 @ 0001?
I wonder who did that?
LOL...