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Vic88,
There is no mention of moving to Big Board on this week PR.
I think moving to BB will be one of big achievements the company can deliver in 2011.
Any comment?
Thanks,
Jupiter11
bcl999,
I found out the the benefits of Affiliation with AzRISE.
It is all listed on AzRISE website.
http://azrise.org/Affiliate%20Benefits
http://azrise.org/participation%20levels
There is 20,000 Dollars annual fee to become a Research Affiliate.
I hope this affiliation really benefits W2 in foreseeable future.
Jupiter11
Thank you, Kalle39 for your effort.
Can anyone comment on how significant this affilation with Arizona Research Institute would be for wtwo.
Anyone has any luck to get a reply from the company?
Not me.
Thanks,
Jupiter11
Hello Nil,
I really enjoyed reading your special chart report.
I do appreciate it.
Thanks,
Jupiter11
Cashmachine
"we still target to the end Q2" implied to me that it would happen before June 30,which is the end of Q2.
Jupiter11
Re: Dividend
I got a reply from Mr. Pinedo yesterday.
It seems to me we will have another PR very shortly regarding Dividend.
3rdhouse
Dear xxx
We are working diligent to chose between two different ways to pay this dividend, we still target to the end Q2
Regards
Rafael Pinedo
CEO President
Pilgrim Petroleum Corporation
Docdrew0
Can I PM you?
Thanks
Jupiter11
read message 267
thanks Midas . EOM
feel guilty
Because I feel that I am not contributing to this board.
I have been reading I-hub for two years. Especially for Two message boards as a visitor. Never contribute because I have never done my own dd. I have lost nearly 90k for one of the stocks I have position in. WWEN is the first stock I am doing my own DD. But I haven't have the position yet. But I like to share my thought with the board. I haven't been successful with trying to find or verify with third party for the compamy PRs. This is just my observation and opinion.
First of all, When I first dd on this a month ago I wrote down AS, OS and Floats. Now I am aware of some update on them. I compare the old with the recent update.
As of 04/13/2006 os: 80,255,619
As of 06/02/2006 0S: 97,455,619
Increase of 17,200,000
As of 04/05/2006 Float: 19,056,335
As of 06/02/2006 Float: 37,206,835
Increase of 18,150,500
Do you think AS could have been increased without our notice from 200,000,000?
In term of Corporate office in Carson City, Nevada, I googled the address and found out quite a few companies have the same address as W2. I later found out that one of registered resident agents has helped W2 to set up the corporation in Nevada. ( www.incnevada.com ). The company doesn't have physical address and phone no: in US.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=lzqEBOtZHNvHrdrcmMwE7A%253d%253d
( Nevada Secretary of State still shows Par Share Count as 100 Millions. )
On Nov 7, 2005 PR, W2 Energy Inc. Signed Financial Engagement letter with ABB. We haven't heard any secured financing for over 7 months.
My question is how the corporation pays its employees' salaries, all expenses including R&D and the plant being built. It is obious that the company does not make any revenu but has negetive cash flow and balance sheet. We should keep an eye on current Authorized Shares count. I have no idea who to contact to find out.
The following is to do with understanding english, my second language.
(And Last PR also indicated that " W2 continues to push forward on the scale-up construction of our 100BBD plant as well as ....". On W2 website, it says the plant is being built. Being bulit and push forward on the construction have the same meaning or thing. I am not sure the plant is really under construction without secured financing in place or raising AS. I rather like to see on the last PR indicating like 75% constrction completed or be in operation in Dec 2006 or some thing like that )
In conclusion, my observation is the following
No product No revenue
Not sure of getting secured financing
Not sure of the plant being built or in operation
No physical office in US
OS and Float increased, not sure for AS.
Try to help,
Learner1
I did
A week ago or so I sent eamils to both Aker Kvaerner and ABB. No response From AKER but I talked to Karin Quinlan at ABB. She told me she forwarded my email to someone else. I called her this monday again and she said she would follow up on it. She emailed me yesterday indicating that the matter should be addressed to W2.
No luck so far.
Learner1
the W2 website Down? EOM
my concern
Without secured financing we are not sure the plant exists.
No plant means no immediete products. That worrys me. I was about to get in around .09. I like their technology and product if materialized. I will keep an eye on this one for sure.
Learner1
hello All,
I have been looking into this stock for a week now.
I have one question.
On Nov 7,2005 there was a PR regarding signing fiancial engagement letter with ABB. I haven't seen any follow-up PR of already having secured the fund to build the plant or being built in Guelph, Ontario. Or am I missing something about secured funding alreday in place and the plant is under construction.
Thanks in advance,
Learner1
Press Release Source: W2 Energy Inc.
W2 Energy Inc. Signs Financial Engagement Letter With ABB
Monday November 7, 2005 6:00 am ET
NEW YORK, Nov. 7, 2005 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of Green Energy, is pleased to announce it has signed a financial engagement letter with ABB of Norwalk, CT. Under the terms of the letter, ABB will assist in sourcing funds, either debt or equity, via its world-wide project and trade finance network for W2 Energy Inc.'s 10,000 barrel per/day 100MW combination biomass to GTL/electricity plant to be located in Guelph, Ontario. The terms of the agreement state upon successful financing, ABB will be paid a success fee of one (1) percent of the total project financing. ABB will also assist in the complete turnkey installation and engineering of all electrical generators and electrical systems.
ADVERTISEMENT
The plant will utilize a state-of-the-art plasma reactor to obtain energy from biomass feedstock, without emitting CO2 into the atmosphere. The energy, in the form of a mixture of hydrocarbons, will then be converted into liquid fuels (ethlene, diesel), hydrogen and natural gas. Excess carbons and ash will be utilized for fertilizers.
W2 Energy is presently working towards supplying letters of request for up to 11,000 Metric tons per month of zero sulphur cetane (diesel) and octane (ethylene) fuels. W2 Energy's first plant, which will be based in Guelph, Ontario will have the capacity of 1,200 Metric tons or 10,000 barrels per day of ethylene blended gasoline. Gross sales of the plant will be in the range of U.S. $240,000,000 for ethlene sales and U.S. $37,862,400 in electricity sales.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company on the OTC (Other OTC:WWEN.PK - News) that develops renewable energy technologies and applies it to new generation electrical power systems. Specifically, W2 Energy Inc. produces Green Power, utilizing its core-patented technologies to produce green power generating and clean transportation fuel plants utilizing biomass to GTL technologies. W2 Energy Inc. has seasoned management and cutting edge technology. W2 Energy Inc. owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Contact:
W2 Energy Inc.
(416) 246-1100
www.w2energy.com
--------------------------------------------------------------------------------
Source: W2 Energy Inc.
Hello Gateway,
This is my very first message to I-hub.
I have been reading as a vistors for 2 years.
I came accross your link to the Oil and gas pipeline.
And I found you here as a moderator. I just registered to I-hub today. So I could write "thanks you letter" for your effort on Oil and gas board. Should I ask you how many others board you are moderating on?
Thanks again
Learner1