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The agreements are identical save for the name of the "Developer" which is now AGP instead of SWET. The original agreement was entered into in April of 2014 and was effective for a period of three years. It renewed only if SWET started construction which it has not. Accordingly, it was nearing its expiration date. This is not a new "development" demonstrating advancement of SWET's proposal to build the tower. To maintain any premise that this thing is still alive, SWET needed to either renew (and assign to AGP) the existing agreement or enter into a new agreement with AGP as a party rather than SWET.
Them? Not so much either.
Yeah, but solar wind energy towers, not so much.
At last, we agree on something. They are nuts, but there is no reason to trust Ron
Where has all the volume gone?
Long time passing.
Where has all the volume gone?
Long time ago.
Where has all the volume gone?
The flippers have flipped them every one.
Oh, When will you ever learn?
Oh, When will you ever learn?
So, following that blip of mad volume right around the first of the month, SWET is now back to its pre-blip levels.
Nomad set the line at 5 trading days so if you had the under, you win.
I believe the handwriting's on the wall on that one ... get out while the getting's good.
That's ol Ron's line for why SWET's never built one.
Good luck with that. It's not going to change the fact that SWET's a POS share selling machine. That's all it's ever been and all it ever will be.
Slojab answered your question. But you didn't let him finish.
So ... What's the prediction for today?
I'm shocked, shocked I say, to hear that Ron did not take you up on your offer to help build a prototype. He probably fees silly for not thinking to do something like that years ago to prove that this thing actually works. Or ... you think maybe he knows it's all BS and that's why he never built one? My money's on the latter.
I'm sorry, was that "breach" or "beach"?
What's the over/under on number of days till it's back to 0.0001?
So, did you reach out to Pickett and, if so, any response? Inquiring minds want to know.
And you've been saying this for how long now?
Notice how the volume's steadily decreased since the big spike the other day. It's called a trend, i.e., it's trending back to normal after the aberration.
To the extent that he did (and still has it -- see post 13736), I presume that he's smart enough not to dump his own $ into this POS.
I've done my DD and there is just no there, there. The stock may run here and there based on little snippets like SWET reinstating its NV charter and the prospect of news to come but it will not get any PPAs or financing and the tower will never be built, all of which are required for there to be any real appreciation in the stock's value. If I've said it once, I've said it a thousand times, large power purchasers such as those SWET purports to be chasing do not invest their time and resources in untested novel sources of energy proposed by insolvent penny stock purveyors -- particularly when there's a glut of cheap solar available. Likewise for the money guys.
Did he really put the order in? It's easy to say you've done it when, whether you actually did or did not, you expect it to be masked by the stupid crazy volume like we've seen the last couple of days. This POS is so predictable. A little event (Form 4s purporting to show insider buys, reinstatement of the corporate charter) and the chatter of news to come runs rampant, followed by crazy volume, a slight move in the price and then ... and then nothing. No news, the volume dries up, the flybys head for greener pastures and the stock settles back at $0.0001 where it belongs. Rinse and repeat.
You ever notice that it's a never-ending series of contingencies with these guys. Exactly what experiments are being conducted? SWET has no staff or facilities and thus no capability to conduct any experiments on its own and it has no money, so how is it paying for these experiments? Anyone catch that whiff?
It needs a boost alright ... a boost of reality.
No. SWET will not. You are very late to the party and only kidding yourself. SWET has blown through more money than just about anyone can shake a stick at and has nothing to show for it but a couple of websites. Go through it's history of Ks and Qs, which it's no longer filing. You'll see that most of the money went to the illusive GS&A rather than R&D. The only real question to ask here is where did all the money go.
Don't ya kind of wonder why SWET never thought about that in the first place?
No. It is not.
Technology is innovation so the former cannot be defied by the latter. And just what professionals are we talking about here? Neither Pickett, Crabb nor Sadle have any experience in power generation and can hardly be called professionals in the industry. Now, if we're talking the stock selling industry ...
I guess we're just going to have to agree to disagree on the import of these so-called insider purchases. It appears though that all you are standing on is those purchases and the SWET patents which, to date, have not proven to be of any value. That's some pretty thin ice.
Sorry, my bad.
I've said it before and I'll say it again, there will be no such news.
It's clicking just fine, thank you.
I'm familiar with the fourth amended option agreement, thanks. But, noticeably, you didn't answer any of the issues that have been raised. You said,
That's the same article that Slojab posted a couple of days ago. Someone probably asked, whatever happened to that big as $@#@ power tower some @#$#$#@ was proposing to build here. I guess Cesar drew the short straw.
What, pray tell, does CVL Consultants have to do with the price of cheese, much less SWET? Never heard of it till now, certainly not from SWET, and it appears the only way you get to it is by peeling some layers of the onion, i.e., the apparently bogus option agreement.
My head is positively spinning with all there is to like about this company -- or is it just that this post has put me in the spin zone. Speaking of websites as you were, I love the SWET website and how the two most prominently displayed items are an interview from February 2015 and a CBS-5 news story from July of 2014. Whoo boy! It's hard to keep pace with all that's going on with this POS.
Wrong again as, in fact, the option agreement does say they are the owners of the land:
So, if the property is owned by the State and the Feds, how do you enter into an option to purchase it with Tom and Dick -- or in this case, Ting Ming Henry Ng, a single man, and Von Verde Development, LLC, an Arizona limited liability company (collectively the "Owners"). Hey, what's that stench?
In respect of the alleged SWET purchase though, it's more than the assignment of a value, it's the per acre purchase price. From the Option Agreement to Purchase Real Property:
Did you notice that the full cash value at which the properties are assessed is $320,000 which, at 320 acres, works out to $1,000 per acre? $46K per acre indeed! Something is fishy in San Luis and it's really starting to smell.
What do you mean when you say
A good update? Demonstrates to me how full of @#$# Ron is. How long has SWET been at it and Ron still doesn't know what the project design will be?