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Seems like a chicken and egg scenario. In order to sell a license to someone who builds a tower they need to be confident that it'll work. Only way to be sure it'll work is to build a tower.
I don't think that there is a solution to this origin problem.
I seriously doubt that Picket will find someone who has a spare 1.5 Billion dollars to risk on this project. He can put as much lipstick on this as he wants it's still just a pig.
Building an expensive experimental power plant that runs on water in the middle of the desert just doesn't sound like a good idea to most rational people.
The State of California has been in a long term drought along with the adjacent areas. Formally large bodies of water are quickly disappearing.
The Salton Sea is only about 100 miles NW of Yuma, AZ. It was once a resort but now it's drying up and becoming a toxic wasteland.
Salton Sea Wiki
The Salton Sea Is Shrinking And Exposing Toxic Dust
Anyone with 1.5 Billion dollars to invest with certainly do their own DD. Why would anyone build an expensive and experimental power plant that runs on water only 100 miles from this economic and ecological disaster? The trend is clear. This part of the World is going to get much dryer over time as Global Warming increases in intensity.
The city of Yuma may have the water rights but if there isn't any water it doesn't matter. Legal rights aren't going to fill the reservoir at the top of the tower. It takes real water.
Ron's fantasy tower will never be built...
Seems to me that Ron is just setting up to be a patent troll.
Plus, it's guaranteed to sell more shares to the gullible...
Solar Wind Energy Tower, Inc. Announces New Patent Filing
ANNAPOLIS, MD, June 13, 2018 (GLOBE NEWSWIRE) -- Solar Wind Energy Tower, Inc.(USOTC:SWET)(the "Company"), the innovator and creator behind the Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive, renewable electricity to meet the world's increasing demand, announced today the filing of another patent application.The features and methods of this patent application significantly enhance one of our previously issued patents, and details the expansion of its hydraulically driven generating system to include Hydraulic-To-Air Compressor Converters (HACC) plus the expansion of the existing hydraulic Accumulator to include compressed air energy storage and conversion back to hydraulic energy.
The system adds several positive aspects to the overall performance of the Arizona Tower project. The main feature will be the ability to utilize additionally generated energy during peak performance hours to pump the water from ground level to the water injection system at the top of the Tower. By capturing this additional energy for use during pumping hours, the electricity regularly used to pump the water can be sold into the market resulting in a potential increase in annual sales from 5.2 million megawatt hours to 5.7 million megawatt hours without increasing the original 1750 MW Nameplate Capacity of the plant or adding more generators.
Ron Pickett, CEO, further commented, “We are very excited about this development as it certainly will enhance the overall performance of the Arizona and future Towers. Energy storage can also allow for a more even distribution of output as well as provide for additional base load capability. The patent application also addresses utilizing these features and methods to potentially improve the performance of traditional wind farm turbines. The method includes using hydraulic energy to power generating capability located on the ground with utilization of our currently approved patented techniques. Finally, another provision of the patent application potentially improves the financial performance of our initial designs to salvage abandoned tall stacks and chimneys from expensive demolition and retrofit and repurpose them to produce renewable energy, again using our existing patented techniques.”
http://irdirect.net/prviewer/release/id/3140389
So you're claiming that the CEO just gave you insight not available to the general public through an email?
You're admitting that in an open forum?
Giving and receiving insider information is a federal crime...
Both you and the CEO could be under investigation by the SEC.
Hopefully they are paying their taxes on the those wages for shares trades. Otherwise they are breaking the law.
Even though the shares are essentially worthless they are still something of value on paper.
Yeah, but...
Even if it looks like a purchase it's more like moving money from your right hand pocket into your left hand pocket. Buying shares from a company that you have full control over means that no money actually has to be exchanged.
Such meaningless transactions are all that has been heard from the company for years. I see them as lazy pumps. They stimulate buying with minimal lying.
Company wrote millions in convertible notes back in the day when banks with shady standards would deal with the company. When the banks stopped buying notes is when the CEO stopped putting in the effort to make optimistic press releases.
The only product that Solar Wind Energy has to sell is shares.
Consuming oxygen and maintaining a temperature above 89.
The insiders are "buying."
Woo-hoo...
This board is pretty dead if there wasn't any "intelligent investors" getting excited about the form 4 yesterday.
Maybe they finally figured out how to read the important part. Especially when you were nice enough to highlight it specifically.
Crickets...
This POS hasn't been current in years. If what you claim is true and there were no other options to recover their money the Note holders would have taken Pickett to court. If that had happened we'd probably know about it.
Every penny that has been "spent" by the company has been plucked from the pockets of investors. It's all passed sneakily through convertible notes. Quarterly reports, when they bother to file, clearly show that the only work being done on a regular basis is filling out the paperwork for more convertible notes.
I know that you will probably bring up that ol Pickett bought some shares with his own hard earned money. I counter that with two points.
One the money wasn't earned in the first place. It was proceeds from all the convertible notes.
And two the shares were bought directly from the company. As CEO he has total control over that money. He was just moving money from his left hand to his right hand. The money was in his control the entire time. It only looked like it went somewhere.
The other transactions were supposedly converting wages owed into shares. There is no proof that any work was performed.
Issuing PRs wasn't selling shares anymore. They did a few transactions that made it look like their insiders were buying. That sold shares...
My motivation is obvious.
Why are you so concerned with someone criticizing the company?
I wouldn't think that such a thing is a bolt from the blue. The SEC would send out warning letters before taking such action.
I think that is why Pickett made the effort to update to a point last year. I expect a similar minimalist approach this year.
SWET doesn't sell shares. They write convertible notes and let the note holder sell the shares. It's really just a sneaky way to sell shares. Those notes are only revealed when they file Ks and Qs.
I still don't know how the Note holders avoid the reporting requirements for their shares. My best theory is that Pickett uses the massive float to his advantage and writes notes for slightly less than the reporting requirements.
It's gotta rain sometime.
Water vapor usually finds its way back to ground. Pretty hard to track individual molecules though. Once evaporated water leaves it's carried by the wind.
Yeah, I noticed the new SA article. It shows their level of professionalism immediately by using the word Zombie in the subject line.
I don't exactly see this as a big problem for the long term. It'll probably shake out some of the traders who were only in for a swing trade anyway.
Some of the actual long-term investors will probably gamble on a quick flip.
I'm not surprised about getting some Seeking Alpha hacks trying to knock it down. Some of the short interest has refused to cover. They're probably already pretty underwater and looking for a way out.
They can short it all they want.
Eventually, they'll have to cover.
My bet is on the Japanese trial results. Whatever happens in between is only noise.
I notice that the anonymous SA author conveniently left out that we are expecting news from the AMI trial. It could be interesting...
Just News...
I subscribed to the company email alerts. I did take a position a while ago mostly as a hedge since I'd be really pissed off with myself if I had followed this ticker for so long and missed out because I had been wrong.
I'm somewhat neutral about progress but remain skeptical.
Solar Wind Energy Tower, Inc. Receives Amended Precertification For the Arizona Project
October 05, 2017
ANNAPOLIS, MD--(Marketwired - Oct 5, 2017) - Solar Wind Energy Tower, Inc. (OTC PINK: SWET) (the "Company"), the innovator and creator behind the Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity to meet the world's increasing demand, announced today that it has been notified that the California Energy Commission has reviewed the application of the planned San Luis Energy Tower submitted on behalf of Arizona Green Power LLC and determined that it is eligible for RPS precertification under the criteria specified in the Renewables Portfolio Standard Eligibility Guidelines, Ninth Edition. The planned facility has an identified total nameplate capacity, measured in alternating current of 1750 MW and an anticipated commercial operations date of December 31, 2021.
The Company recently announced it had completed the final design specs for the project resulting in a significant increase in annual energy production. The project now estimates it will be able to produce 5,000,000 Megawatt Hours annually to supply to the grid versus the original estimate of 3,700,000 Megawatt Hours annually.
The final output estimates are the result of decreasing the number of wind tunnels and increasing the turbines in each tunnel from 2 to 3. Reducing the number of tunnels from 60 to 40 dramatically increased the wind velocities in each tunnel. As velocity doubles, the kinetic energy available is cubed. The increased energy available in each tunnel paved the way to add the third turbine. The Company has known the available energy created by the tower structure, but it was the interfacing of the meteorological data in the Tower with the aerospace/aerodynamics of the resulting wind in the tunnels modeled over the last 9 months that led to the final tunnel/turbine configuration to optimize the energy extraction.
The Company compliments the California Energy Commission for their expeditious review of our application. With the plant design parameters complete our contractors are engaged modifying the original construction cost estimates and the construction time line. The goal now is to position the Company to re-start discussions for power purchase agreements. The Company continues to work with potential investors/bankers to capitalize the budget to bring the project to construction ready ground breaking.
About Solar Wind Energy Tower, Inc.
Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly owned commercializing subsidiary, Solar Wind Energy, Inc., is the inventor of the patented Solar Wind Downdraft Tower, which uses state of the art technologies and construction systems to produce abundant, inexpensive electricity, 24 hours a day, 7 days a week.
The Company's core objective and focus is to become a leading enabler of clean, efficient renewable energy to world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions to meet tomorrow's electrical power needs.
For more information, please visit:
http://www.solarwindenergytower.com, and https://www.facebook.com/solarwindenergytowerand https://twitter.com/SWETower and https://www.arizonagreenpower.com
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
Solar Wind Energy Tower, Inc.
Phone: 410-972-4713
E-mail: info@SWETower.com
http://irdirect.net/prviewer/release/id/2730264
Stock Twits has a very active ATHX group. There are a few people who share some very interesting stuff. Athersysss is the one who usually finds the best information on the company and Healios. He's found some really good things that I never would have thought to look for.
Healios did a ER presentation in both Japanese and English. The CEO obviously isn't fluent in English but it's passable.
Yes
Nope, I'm pretty much all in on Athersys. I bought in right after the fall when the did the secondary in February. I got a decent average and am planning on holding until the US and EU trial results. I might sell a partial after the JP results but it depends on how things go.
I'm in for the duration.
Bang or bust...
Follow Athersysss on ST. He usually finds the best information. He's in this pretty deep and watches it relentlessly.
Not yet.
I don't think that they will release anything that is materially significant during a presentation. At least that's how the rules are written for US companies. Providing those who attend a conference like that with new information that could significantly affect the share price would give them an unfair advantage. All significant information has to be made public for everyone at the same time.
I do however expect them to make some public statement about the commencement of the trial. Especially since there has been delays. Healios has to inform their investors to let them know that everything is back on track.
They could wait until they have the first enrollment.
After that we should have a revised estimate for the results of the primary endpoint based on the progress of enrollment. Their CEO mentioned that he planed to do an update during his ER presentation.
JP trial should conclude in October 2018. The trial is officially underway according to a website in Japanese which I'm assuming is synonymous with our own Clinicaltrials.gov.
http://stocktwits.com/Athersyssss/message/96571191
It was exactly the update I expected. Last update was the bottom half of the tower. This was the next logical step, the top half.
Looking for another vague Kenyan project update to be next...
Solar Wind Energy Tower, Inc. Provides Arizona Project Update
October 03, 2017
ANNAPOLIS, MD--(Marketwired - Oct 3, 2017) - Solar Wind Energy Tower, Inc. (OTC PINK: SWET) (the "Company"), the innovator and creator behind the Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity to meet the world's increasing demand, announced today the following business update.
The Company has been working diligently with its consultants to determine the final design for the Arizona project. Previously the Company announced that the number and length of the wind tunnels surrounding the base of the Tower had been reduced from 60 tunnels of 300' length down to 40 tunnels of 150' length and that the number of turbines in each tunnel had been increased from 2 to 3. This final tunnel/turbine design decision predicts a significant increase in annual energy output in total Megawatt Hours available to sell.
The next design challenge was to evaluate the impact on power output if the height and/or diameter of the Tower were decreased which would lower the overall cost of the project as well as shorten the construction time. After running many iterations of changes in heights and diameters and comparing the results with the financial benefits of capital costs and potential revenue models, the Company has concluded that the best overall design is for the Tower to remain at 2250' in height with no changes in diameter feeding 40 tunnels with three turbines in each tunnel.
The Company has begun working with its contractor/consultant to revise the construction budget and believes that any potential cost increased from the original estimates should be offset by the cost savings expected from reducing the overall tunnel lengths from 18,000' down to 6,000'.
The Company has chosen to maintain the original size of the project and increase the energy output and thereby, potentially increasing sales from the increased megawatt production. As a result of these decisions, Arizona Green Power LLC has submitted an "Amended" Pre-Certification Application" to the California Energy Commission. The application seeks to increase the "Nameplate Capacity" (total generating ability) from 1230 MW to 1750 MW. This new capacity amounts to up to a 40% increase in output.
About Solar Wind Energy Tower, Inc.
Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly owned commercializing subsidiary, Solar Wind Energy, Inc., is the inventor of the patented Solar Wind Downdraft Tower, which uses state of the art technologies and construction systems to produce abundant, inexpensive electricity, 24 hours a day, 7 days a week.
The Company's core objective and focus is to become a leading enabler of clean, efficient renewable energy to world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions to meet tomorrow's electrical power needs.
For more information, please visit:
http://www.solarwindenergytower.com, and https://www.facebook.com/solarwindenergytowerand https://twitter.com/SWETower and https://www.arizonagreenpower.com
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
Contact:
Solar Wind Energy Tower, Inc.
Phone: 410-972-4713
E-mail: info@SWETower.com
http://irdirect.net/prviewer/release/id/2724698
Is hiring someone to create a website tangible progress?
Somebody got tired of waiting...
Almost 20 million in a single trade.
It's a hard life being a bull on the SWET board. Daily Gains wrote a long post party in response to one of my posts. I was holding off my reply until I had a particularly bad mood going. Just to be sure that I covered all the bases.
Someone must have deleted it. I can't imagine Daily Gains doing it. There was quite a bit of bullish bullshit in it. Total waste of effort to delete it.
Keeping up appearances.
All the while the company itself is busy writing convertible notes essentially selling billions of shares.
One of the biggest expenses for the company would seem to be printer ink and paper for producing the paperwork that all these notes are printed on.
Writing convertible notes is the only work that has been documented as having taken place.
First rule of running a good scam is to make it appear as it's not a scam.
It's possible that there are as many shares in SWET as the current United States national debt.
Catching up on the filings was just kicking to can down the road. Ron probably got "the letter" warning him that he was going to be de-listed.
According to previous filings the one thing that Ron is really good at is writing convertible debt and hiding it from the shareholders.
Good honest companies keep their shareholders up to date on every important thing they do. That includes any and all activities that provide money to the company.
Relying solely on convertible notes to pay the bills along with the payroll for the executives year after year is not doing business. That's a share selling scam.
Only reason this ran up to where it's at is because people thought Ron was actually busy doing something in the background. If he doesn't deliver something pretty soon people are going to have to start protecting their capital.
You claim that they have paid back at least some of their toxic debt sneakily written convertible notes.
You say that like they actually brought in money from someplace other than convertible notes. That's not the case...
I don't know what mental or mathematical gymnastics you had to perform to make sure a fanciful statement.
You even used my defamatory guesstimate for the amount of notes that were written as if the notes they wrote were somehow equivalent to the notes they paid off.
I know I've asked this before and been ignored but I just gotta try again.
Would you please provide a screenshot or a link to one of the filings with a clear and specific description of what you are looking at to support your fanciful statement?
That's the DD that some people conveniently ignore. I've heard it said many times
the insiders are accumulating and holding their shares. What a great opportunity this must be. Just look at the confidence that the insiders have. They haven't sold a single share.
No, the insiders who would have to fill out a form 4 if they sold anything haven't sold shares.
It's those damn convertible notes sneakily written just below the threshold for reporting that people should really take into consideration.
The insiders aren't selling shares but the company itself has unloaded a shit ton of them. In my mind it still sounds very much like a share selling scam.
The company has been funded entirely through convertible notes.
Surely, Ron wouldn't just give their a few strokes and quit. He's probably got another PR or two on the laptop ready to release.
Come on Ron PUMP IT UP...
3 whole weeks without doing anything behind our backs.
That's a record Donald Trump would be proud of.
Course, he knew that he was filing the paperwork. Now he's got the rest of the year. Who knows, maybe even the next few years. After all, now that he's caught up he'll have about the same time before anyone from the SEC starts sending him letters again.
If only electricity were as easy to create and sell as shares of stock.
At least back in the old days they had to pay for printing. Now it's just a few keystrokes on a computer. All they have to do is fill out a form.
I guess the new "pie in the sky" that Ron is selling is the abandoned tower conversion thing.
New PR today.
ANNAPOLIS, MD--(Marketwired - Jun 5, 2017) - Solar Wind Energy Tower, Inc. (OTC PINK: SWET) (the "Company"), the innovator and creator behind the Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity to meet the world's increasing demand, announced today the following business update.
The Company's single purpose subsidiary for the development of its utility scale downdraft energy Tower in San Luis, AZ, Arizona Green Power LLC (AGP) continues to refine its engineering and total construction budget. AGP will be unveiling the project to the investment community and presenting AGP at the National Investment Banking Association (NIBA) New York City Conference later this month on June 26 - 27th.
Ron Pickett, Managing Member of both AGP and Solar RePurposing Systems LLC (SRS) will also be representing SRS at the NIBA New York Conference. SRS has been conducting meetings with major utility executives as well as local community leaders regarding the retrofitting and repurposing of abandoned smoke stacks and coal storage fields to produce renewable solar energy. Management believes the value of converting tall abandoned stacks into downdraft energy Towers using our patented technology is compelling.
The cost of retrofitting these stacks with a naturally pressurized water spray system, two turbines and direct current generators makes economic sense given the value of the stack represents about 90% of the total cost of the project if a new stack needed to be erected, allowing these repurposed facilities to be economical in colder/more humid than ideal conditions. The "Coal Country" green energy projects can be used by the local economic development authorities to help attract businesses in search of green energy which creates employment in areas greatly in need of new jobs.
The Company continues to work closely with a potential Tower developer in Kenya, Africa. The developer reportedly has secured the site and is completing the requirements needed to obtain the power purchase agreement. The Company and the developer have reached agreement on the terms of the Definitive License Agreement for Kenya which requires the developer to pay for the license. No assurance can be made that the developer will forward the fee for the license.
The Company has prepared its final 2016 delinquent 10Q and its auditors are completing their required review. The Company anticipates filing the 10Q within the next week or as soon as the auditors provide their required permission to file.
About Solar Wind Energy Tower, Inc.
Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly owned commercializing subsidiary, Solar Wind Energy, Inc., is the inventor of the patented Solar Wind Downdraft Tower, which uses state of the art technologies and construction systems to produce abundant, inexpensive electricity, 24 hours a day, 7 days a week.
The Company's core objective and focus is to become a leading enabler of clean, efficient renewable energy to world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions to meet tomorrow's electrical power needs.
For more information, please visit:
http://www.solarwindenergytower.com, and https://www.facebook.com/solarwindenergytower and https://twitter.com/SWETower and https://www.arizonagreenpower.com
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
Contact:
Solar Wind Energy Tower, Inc.
Phone: 410-972-4713
E-mail: info@SWETower.com
http://irdirect.net/prviewer/release/id/2529970
What does it matter if the insiders are holding while the company that they control is selling tens of billions of shares?
They still get the money, right?
Insiders holding shares gives buyers confidence.
How my penny players read financial reports?
How many penny players will look at the insiders holdings and not see all the shares that the company has sold?
Smoke and mirrors...
The insiders may not be selling shares, BUT THE COMPANY HAS SOLD 10's OF BILLIONS.
Ron has been quietly writing convertible notes this entire time.
I'm still laughing...