Solar Wind Energy Tower Inc. (fka SWET)

[Slojab]

I just noticed something regarding the last 6 Form 4s that preceded this last one. Each one had a "Date of Earliest Transaction" of 12/22/14 yet they were filed at three different times during the Fall of 2015.

Filing of a Form 4 is supposed to take place within 2 days.

Filing Form 4
Insiders have two business days following the transaction in question to report it using Form 4

The same earliest transaction date is odd enough but they also coincided rather conveniently with the increases in the A/S, beginning with the increase that was voted on at the 2014 annual meeting held in December when the A/S went from 900 million to 1.3 billion shares.

The Executive Compensation section of this filing announcing the annual shareholders meeting might shed some light on things, as it notes the accrued salaries and convertible notes issued, but for 2013, not 2014 as one would expect.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10275324

From the 10-K (the last ever filed, btw))

Interest expense

For year ended December 31, 2014, we incurred $4,212,671 as interest expense relating to our issued notes payable as compared to $1,355,537 for the same period last year. In connection with the issuances, we incurred noncash charge to interest of $2,272,821 during the year ended December 31, 2014 due to the excess of fair value of the conversion feature over the note proceeds compared to $380,741 for the prior year. In addition, we amortized a debt discount associated with the notes of $1,646,605 for the year ended December 31, 2014 compared to $816,642 for the year ended December 31, 2013.

The Company has employment agreements with its officers as described below. The Company has accrued salaries for all its executives from inception through December 31, 2014 and the balance amounted to $84,287 at December 31, 2014, net of issued convertible notes issued in December 2014 as part payment.

With salaries for Pickett and Sadle being $200K and $175K respectively, it's obvious they're being comped in some form other than cash since SWET derives no revenue.