what you people need to understand is that 17.5 book value is only valid if and when they convert the 1.7bil worth of LOR's into contracts that they can fill , they haven't and they won't until 7 10,000BBD reactors are built, that is what is needed to fulfill those LOR's and if you don't believe me here is the PR
W2 Energy Inc. Receives Letters of Request for Production Quantities
Monday May 8, 6:00 am ET
NEW YORK, May 8, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of green energy, is pleased to announce it has received letters of request for diesel samples from several large European re-sellers of diesel fuel. The letters request a total production of 3,360,000 metric tons or 25,200,000 barrels of diesel per year, representing a total dollar value of US$1,512,000,000. In order to fill these orders the company will construct a minimum of seven 10,000 bpd plants throughout the Continental U.S. and Canada. Mr. Michael McLaren states, ``We have begun the process of marketing our product and have had outstanding results.'' He also states, ``The Company has been working on the long term financing of these projects and is cooperating with some large project finance firms to bring these plants to fruition.''
that said they are most likely many years away from 17.5 but you people throw it out there like it's going to happen tomorrow, forget the 17.5 and the comparisons to SUV and let's worry about the first buck first
