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Wow! Bid/ask is 6/8!! up 71%. Guess those upticks are happening after all. Even if it is temporary.
My break even point is .0016, so it may get there sooner than I thought it would at this rate. And if I can get this other Million shares to bring down my ASP, it will get there even faster.
I changed my buy order to get a 1M shares at .0004, but its not going through either. Bid size just dropped again! 4x13
Look joborders! You were right today! It hit .0005 finally! Now what's L2 lookin like for the next uptick?
Hi joborders. So if it is "thin" on L2, and also on L1 - as it is now again back at 7.5M on the ask, does that mean the price is likely to jump 2 ticks easily versus just 1?
joborders. its back down to the 7m on the bid again. A few more buys and it should pop up.
Good investment or not, SWET is still very speculative and a risky investment. Has been for years. Doesn't make it a scam. Nor does saying it is over and over and over repeatedly every single day.
Isn't there an IHub TOU guideline that covers this, when there is a multitude of messages spouting the same exact proclamation and information over and over repeatedly? Cuz it sure would be very applicable here.
SWET is not a scam just because people educated or not do not fully understand or comprehend its potential or purpose. Or understand the amount of effort and dynamics associated in making such a large scale project come to fruition, whether it takes 1 month or 7 years.
People that don't fully understand the concept of investing in a highly speculative and risky company like SWET should not be investing in such a company in the first place, regardless of their education level. And would be better off spouting about something else, or investing in something less risky, where they have less regret and frustration over their own personal investment decisions, without trying to save or protect the rest of us day in and day out from ourselves.
Claiming a company like SWET is a scam 7 times a day (or more) redundantly over and over every single day does not make it gospel. Nor does it change or influence anyone's decisions whatsoever as I'm assuming is the intended purpose for such a redundancy.
But I am glad that there is a forum like this where there is so much concern and care for my investment decisions in a company like SWET to continuously and redundantly hope that we will eventually agree and comply with that gospel. So I shall proclaim that SWET is not a scam to provide balance and equity, and I should be believed more.
Yawn.
Agreed, joborders. The ask was initially even less, at 7m. But when the last 3 buys went through at .0004, it went up to 13m. Odd. Think today's the day for the 5? Like watching an egg about to hatch. lol
I agree with and like the stack retrofit idea. However, the problem with this becomes location and climate. There might be plenty of stacks that could be retrofitted by SWET, but based on what has been shared so far, a large portion of how this project may 'potentially' work, is also dependent on the climate. There might be a perfect stack to use, but in the wrong place geographically.
I do think that if another company has contacted SWET and asked them to look into this, then they themselves are interested in pursuing the same endeavors as what SWET is trying to accomplish. Got to start somewhere, somehow...Instead of whining and complaining about how much the price has dropped, and not going back up fast enough. Obviously some investors don't fully grasp the concept of investing in highly speculative and risky projects like SWET, and should sit on the sidelines and watch in silence or sell their shares altogether and move on to more conservative less risky investments like Disney.
I've also heard of it referred to as 'trying to catch a falling knife'. Especially when purchasing highly speculative and very risky stock such as SWET, with no guarantee or return on investment at all. That's why its high risk, with a slim chance of high reward.
But so is drinking and smoking. People still do it, the same way they preach and spout off incessantly and redundantly and expect it to be heard as gospel. There is no reward, without taking a risk. And that's what investing in SWET is, a big risk, but one I personally feel is worth taking and investing in.
I've had plenty of buy orders get executed at the bid price. Generally happens this way more often on stocks that have a higher number of trades going on than SWET.
I still cant get my buy order to go through! Anyone have shares for sale? Nobody's letting theirs go at .0003. What a shame. I was afraid it was going to go back down again, but it seems to be holding quite steady the past few days. I wonder what L2 looks like.
Correct. It's nice to see that the price per share of SWET is on the rise again, especially after such a long time. That's good! And especially since it has a solid base now where very few shares are being sold compared to the amount being bought up.
It's nice to finally see some positive news releases coming out, after such a long dry spell of no information at all. Good news and PRs about what SWET is working on and trying to accomplish sure are a lot better than none at all, especially compared to hypothetical speculation with a dash of brow beating and chest thumping.
Especially when now is a good time to use Dollar Cost Averaging, buy more volume when the price is really low like it is now, to help reduce that overall cost per share down from .05 to much less, instead of beating a higher dead horse price forever and over and over.
That's right! With just one uptick of a mere .0001, it will pay a 33% return on investment! Easy flip. Except, there's no shares for sale at .0003. Maybe there's some at .0004 for sale.
I agree. I still have my buy order in for .0003, but no one's selling.
I implied detrimental to the project, because there may potentially be procedures/activities associated with the SWET project that may be copyright protected and sharing too much information would hinder or impede what they're trying to do. I don't know. I'm just guessing.
But my speculation about the reasons for Ron not sharing too much information sure is more constructive, more positive, and better than beating that dead horse.
I agree that those are the kinds of things that need figured out or worked on. And maybe they already have. Perhaps, and I'm only speculating on this, with what little personal knowledge I have myself from my own solar and wind energy projects... that that kind of info is 'classified'. I don't know.
I would assume, that they already know what they're going to do, and how they're going to do it. Why release it to the general public, when they may view it as private info that is key to the entegrity of their project. And releasing it to the public, just to appease some naysayers would be detrimental and counter intuitive to the project itself.
Why do they need to release every single aspect of the project and how it will work. If it was my project, and I had paid someone to work on research and highly speculative info such as this kind of project, I certainly wouldn't be sharing it with anyone. But to that affect, saying that that was what they were doing, would go a long way with me and may investors.
Perhaps this is how a company says politely, by not saying it at all..."this is none of your business for now. Stay tuned". And if that is the case, they could say that without revealing highly confidential workings of the project itself.
I have expressed my opinions to him several times, and this is the same thing I've said here about what needs to happen. Again, its just my opinion, as many people have here about what they should be doing, how and when.
We can request it to happen and happen a certain way, but that doesn't mean it will, nor does that mean that other stuff isn't going on behind the scenes we're not all aware of.
I do try to regularly encourage him as I've done here to be more forthcoming with updates on what he's doing and what's going on.
But I think he's had to make some personnel changes/corrections to what some people were in charge of, and taking care of some challenges, in order to be able to move forward. That's why I think we're starting to see more PRs, updates on the fb page, and the recent financials.
I'm sure there will be more to come very soon.
joborders, lets keep it real here. This really wont run up very much until more and regular PRs come out about what they're doing and working on. With or without funding, they should still be putting out regular PRs about what's happening at the property sight. I know they're working on stuff behind the scenes, but as they do, they need to share it. That's all we want at this point.
I realize they cant even begin to think of ground breaking yet...but until they do, there is so much other stuff they can do to maintain integrity of the project, without having to be perceived as 'hyping it up'.
I'm sure Ron knows that we know and realize they cant start construction or ground breaking without a PPA in place. But I do believe its that chicken or the egg concept...that if a potential PPA sees that the financial docs are getting caught up, required SEC filings are taking place on time, and that the project site is being prepped and readied, then the PPA will happen and one will be offered. At least that's how I see it.
So, lets hope for more, regular, ongoing PR updates from Ron and his team. They have at least started updating on the SWET fb page again, which I'm glad to see happening as well.
Keep going, Ron!
Thank you. I agree, mostly just buys going through. I already own 1.9 million shares through my Scottrade account. But Scottrade wont let me buy any more shares; only sell what I have.
So I had to open a whole new TD Ameritrade account. So I'm trying to accum more before it does skyrocket up.
Ron, we really need a good PR that details what you're doing with the land, and what you're doing to get ready now, to break ground in the future. Anything would be helpful.
Bid/Ask size is now 67m/16m. I look for this to go to .0005 by the end of the day today. I've got a buy order in for 1.3M at .0003, but its not getting filled yet.
So... if and when Ron does break ground, and this thing moves forward, will you stop ending every single of your posts on here with "its a scam"?
And then, will you remove all of the personal opinion messages and that siren at the top of this page that slows the page down from loading properly?
New SWET PR Today 03/22/17 8:30am:
3/22/17 08:30:00: Solar Wind Energy Tower Releases Technical Report on Downdraft Power Production System
ANNAPOLIS, MD -- (Marketwired) -- 03/22/17 -- 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 released a report explaining "How the Evaporatively Driven Downdraft Power Production System Works."
Ron Pickett , CEO of Solar Wind Energy Tower, Inc. commented: "While fulfilling a request during a due diligence process, the Company commissioned this report. Management felt our shareholders and interested parties would appreciate the opportunity to review and perhaps gain a better understanding of how our solution works from a technical viewpoint, so we decided to release the report today to the general public."
How the Evaporatively Driven Downdraft Power Production System Works The earth's atmosphere harbors an abundance of energy in many forms. Much of the energy is in the wind. Although the prevalence of wind farms has exploded in the last two decades, humans have been extracting energy from the wind for over 1000 years. Vast quantities of clean, renewable, and nearly endless energy also can be extracted from the atmosphere owing to the ability of water to transform from liquid to vapor and back again. The energy associated with phase changes of water in the atmosphere drive many major weather systems on earth, including large rain and snow storms, hurricanes, and thunderstorms.
One of the atmosphere's more dynamic systems is the severe downdraft (sometimes called a microburst or downburst) of a thunderstorm, in which rapidly sinking air (kinetic energy) is produced by the evaporation of the rain produced by the storm. The evaporating rain cools the air in precisely the same way that your skin is cooled by the evaporation of sweat (or how you cool-off after exiting a swimming pool); evaporation extracts energy from the air via the latent heat of vaporization. For every gram of liquid water evaporated within a sample of air having a mass of one kilogram (a kilogram of air has a volume of roughly a cubic meter in the lower atmosphere), the sample of air is cooled by approximately 2.5 degrees C. Within a thunderstorm's rain shaft, air commonly is cooled to temperatures ranging from 5-20 degrees C colder than the ambient temperature. The amount of cooling depends on the amount of available rain and the relative humidity (the cooling increases as the rainfall rate increases and relative humidity decreases). In storms with hail, the melting of hail produces additional cooling via the latent heat of fusion. The cool air is denser than its surroundings, and the dense air sinks to the ground owing to this negative buoyancy. Moreover, because liquid water is roughly 1000 times denser than the air in the lower atmosphere, the "substitution" of rain for air within the rain shaft effectively contributes an additional source of negative buoyancy.
The downdraft air accelerates downward as long as it remains heavier than the ambient air; thus, large downward speeds can be realized if the air remains cold (negatively buoyant) relative to its surroundings over a long downward trajectory length. In a severe thunderstorm downburst, cold air can experience a downward acceleration over a depth of several kilometers, easily attaining downward speeds of 50 mph or more. When this downward jet of air hits the surface, the air necessarily turns toward the horizontal and flows along the surface. The deflection can result in even faster horizontal wind speeds -- occasionally over 100 mph -- which can result in extensive damage, even exceeding the damage produced by a weak tornado.
The "Evaporatively Driven Downdraft Power Production System" works in precisely the same way as the thunderstorm downdraft. A continuous spray of small water droplets is introduced at the top of the tower. The cooling due to the evaporation of the water droplets, combined with the weight of whatever liquid water droplets remain unevaporated and fall through the tower, causes the air to become much heavier than the air that was previously in its place in the tower. The heavier, denser air sinks through the depth of the tower, is forced to turn horizontally at the base of the tower, and ultimately passes through the turbines as it exits the tower (though at speeds far less violent than in the most severe downbursts observed in nature!).
As air flows out of the base of the tower through the tunnels, air is continuously drawn into the top of the tower owing to the principle of mass conservation, and the spraying of liquid water droplets into the air entering the top of the tower maintains the evaporative cooling. Just as is the case for a thunderstorm downdraft, the cooling potential -- and therefore downdraft potential -- is dictated by the amount of water evaporated, which depends on the ambient relative humidity and available water.
There is a limit to how much evaporational cooling can occur, and ultimately how much power can be generated, because the air cannot be cooled indefinitely by injecting more and more water droplets. As water evaporates and the air cools, the relative humidity within the tower increases. Evaporational cooling ceases once the relative humidity reaches 100%. The temperature reached at this so-called "saturation point" -- that is, the minimum temperature achievable through evaporational cooling, and the temperature that determines the magnitude of the negative buoyancy, downdraft speed, and ultimately the power output -- is known as the wet-bulb temperature. Very roughly, this temperature lies midway between the ambient air temperature and ambient dewpoint (the dewpoint is temperature at which air would become saturated if cooled while maintaining a constant water vapor concentration, that is, not spraying water droplets into the air). As an example, if the ambient temperature is 40 degrees C and the ambient dewpoint is 0 degrees C (typical desert conditions in summer), the wet-bulb temperature is 17 degrees C.
The corresponding ambient relative humidity is 8%. If this air is brought into the tower and cooled to saturation (i.e., cooled until the relative humidity reaches 100%) by evaporating water droplets into it, the resulting temperature will be 17 degrees C, which is a whopping 23 degrees C cooler than the ambient air temperature (a temperature "perturbation" of -23 degrees C). An air sample this negatively buoyant would experience a downward acceleration equal to the gravitational acceleration (9.8 m s-2) times [-23 / (273.15 + 40)], that is, -0.72 m s-2, where the factor multiplied by the gravitational acceleration is the temperature perturbation normalized by the ambient temperature, in Kelvins. To give a sense of how significant this downward acceleration is, if there was no horizontal deflection of the sinking air near the ground, this downward acceleration would result in a downdraft speed of 61 mph after the air descended just 500 m.
Assuming that sufficient water is available to be sprayed into the air in order to saturate the air, the amount of cooling, downdraft speeds, outflow speeds at the tower base, and power output increase with decreasing relative humidity. For this reason, a desert region is the most suitable site for a downdraft tower. Moreover, power output would be maximized in the late afternoon (when ambient relative humidity tends to be a minimum) and minimized near dawn (when ambient relative humidity tends to be a maximum).
New Press Release issued by SWET as of this morning. From Ron:
Solar Wind Energy Tower Files 10-K
Regains Momentum on Solar Wind Energy Downdraft Tower Project in San Luis, Arizona
ANNAPOLIS, MD - (March 3, 2017) - Solar Wind Energy Tower, Inc. (OTC: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 filed its overdue 10-K for 2015 and is working to complete the three 10-Q’s for 2016 which are currently in arrears. The 10-K contains more current financial information and a number of “Subsequent Events” through February 2017. The Company is filing this release in addition to the SEC filing and encourages its shareholders and any potential interested parties to review the 10-K filing.
Additionally, the Company announced that its majority owned single purpose project development company, Arizona Green Power LLC (AGP) had executed a new five year “Development and Development Rights Agreement” with the City of San Luis, Arizona. The Agreement provides for the necessary permits and rights of way needed to complete the development of a Solar Wind Energy downdraft tower project in San Luis, Arizona. The Agreement also guarantees the project a 50 year water supply agreement by the City. The Agreement replaces a similar shorter term agreement between the Company and the City that was set to expire in June 2017.
Ron Pickett, CEO of SWET and Managing Member of AGP commented: “This new Agreement supports a time frame necessary to complete construction of the San Luis tower project. The Company and AGP salute the Mayor, City Council and staff of San Luis for their understanding and unanimous support for this project and we reassured San Luis of our absolute commitment to make this project a reality.”
The Company and AGP are continuing to work with their expert consultants to advance the engineering and update the cost estimates for the project which are needed to support the pursuit and the timing for potential power purchase agreements. It is noteworthy that some of our consultants have donated their services in 2016, others have deferred some payments for their services and all have continued to enthusiastically support our efforts to bring this potentially global changing solution to the market.
The Company had very limited capital available for 2016 operations. Moving forward required the much needed assistance and cooperation from our consultants, deferred payroll by all employees, the necessary minimum operating capitol supplied from the personal funds of the CEO, the conversion of much debt into equity, and the outright forgiveness of debt by others.
Management looks forward to the opportunity it faces in 2017 and thanks all of those who have believed in the Company for their support!
I emailed Ron and asked him if that info about the cost of the property was correct, or if it was a serious typo. Here's his response from just a few min ago:
The K is correct. This area, even though "in the desert" is fertile farm land beneath the surface. It's the lettuce capital. We're paying about twice the value of surrounding farm land. However, the seller took the property off the market for what will amount to several years and the property is now zoned for commercial/industrial use. Arizona and Mexico have built a commercial border crossing on the road in front of our site and with utilities (water/sewer/gas) much development is now underway on neighboring properties. This is not farm land anymore. It's very desirable commercial/industrial land now. We believe the price is very fair and when compared with the cost of sites anywhere perfected for a major utility project--it's cheap.
Ronald W. Pickett
Managing Member
Arizona Green Power, LLC
On Page F11, it says:
"NOTE 4 – DEPOSITS
Long-term deposits are comprised of aggregate of $204,259 of which $200,000 are deposits to acquire approximately 640 acres of land in Yuma County, Arizona at $46,500 per acre."
At $46,500/acre, that means they're going to pay $29,760,000 for the property that the tower is to be built on?? Or am I not reading this correctly? There must be a gold mine underneath it!
I think that's a serious typo!
I told him I would be sharing his information with those that I chatted with. Nothing private about a publicly traded company. And he hasn't disclosed anything private related to what he's doing. Or not doing.
And another response/message from Ron:
-----Original Message-----
From: xxxxxxr@aol.com [mailto:xxxxxxxir@aol.com]
Sent: Friday, February 17, 2017 2:14 PM
To: xxxxxx, Brian <xxxb@xxxxxx.edu>
Subject: Re: SWET Info
We fully intend to return to social media activities once more current financial information is available. It may sound ultra conservative but we will continue to refrain from any appearance of "hype" until more current financials are in the public domain.
Ronald W. Pickett
Managing Member
Arizona Green Power, LLC
On Feb 17, 2017, at 12:51 PM, xxxxx, Brian <xxxxxxb@xxx.edu> wrote:
What about the part of allowing me to help you share these updates through the facebook pages? You've not touched on more than half the info I mentioned in my previous emails.
Brian
I just got another response from him, and again, my follow up message back to him again. I don't really think he's open to being very forthcoming. Especially with the very generic and similar type response he sent me again. He's not acknowledging any offers of assistance, or reaction to the requests for social media updates.
I'll keep trying.
Brian
-----------------------------------------------
Ron,
What about the part of allowing me to help you share these updates through the facebook pages? You've not touched on more than half the info I mentioned in my previous emails.
Brian
----------------------------------------------------------
-----Original Message-----
From: xxxx@aol.com [mailto:xxxxxx@aol.com]
Sent: Friday, February 17, 2017 12:48 PM
To: xxxx, Brian <xxxxxxb@xxxxx.edu>
Subject: Re: SWET Info
In our opinion SWET needs to file more updated financial information so the investing public can consider the financials along with the potential solution we have to offer. With more current and better financial in hand, the milestones can then be evaluated.
Ronald W. Pickett
Managing Member
Arizona Green Power, LLC
I went to the San Luis City Council website you shared, and went in and viewed the Resolution #1170, as well as the 20 page Agreement that Ron shared with the council on December 14th. Have any of you read the whole agreement? It seems very detailed as to what he's planning to do and how to do it. Including the installation of new streets, power lines, and the wells to be used for pumping the water and/or use of city wastewater.
It seems very detailed for something that's not moving forward. I do think that Ron is failing by not sharing this info himself through the company's fb page, website or mass Press Release. Is it because he cant, doesn't know how or just doesn't have the staff to do it for him?
Is there any way of verifying that it got signed and approved, in the same way the Resolution did? What are your thoughts on the 20 page agreement?
Brian/1.9 Mil shares, and creator of the www.facebook.com/SWETShareholdersUnited page.