Solar Wind Energy Tower Inc. (fka SWET)

[TimWJ11]

It is a very hefty price tag which has apparently gone up from $1 billion to $1.5 billion… I am not sure if they have anything really put towards the funding yet at this point. The shares basically are being used to pay salaries, R&D, etc. they are in a huge hole so far… they have to get one of these things up in a hurry in my opinion or this company could sink before it finishes the first tower. They are 5 years in development and still going. There also seems to be a lot of negativity about the CEO of SWET in fact. Not sure why but I don’t think he is really a bad man though other people say his other companies failed when he says they were a success… if the tests are accurate though and this gets put up, this will be a huge money maker. Everybody on this board would be celebrating the day they get their first paycheck from one… but until then, like I have said before this is still all a dream. Its good they moved to protect their intellectual property though yesterday. They do have several patents which are great. I have held SWET stock about 5-6 months or so since .007 but wondering if it is one of these day trading things which has hit this stock as now it seems to be pulling back in which I am hoping not