Solar Wind Energy Tower Inc. (fka SWET)

[Cycleman]

I'm familiar with the fourth amended option agreement, thanks. But, noticeably, you didn't answer any of the issues that have been raised. You said,

Options agreement clearly stated option to purchase w those 3 entities . Verde and Ming and Pickett. Doesn't say they are the owners of the land it said a they entered into agreement to buy.

In fact, as I pointed out though, it does say they are the owners of the land and nothing in that 4th amended option agreement changes that. SWET did not see fit to file that, or any of the prior amendments, so goodness knows what it/they say.

The upshot of the 4th amendment, as I've commented on several times, was that SWET was able to defer up to $450,000 in fees to extend the option. It also provided for $600,000 in pre-development land cost -- so no actual money to SWET. Lastly, it provided for a "commitment" from some mysterious Capital Investor of an additional $300,000 in exchange for a 1.33% equity investment in AGP, of which it did apparently receive $50k, with payment of the balance conditioned on SWET raising a whole lotta money which it thus far has failed to do.

That's all well and good but other than in a round about "how can I obfuscate this fashion," nothing you've said addresses the ownership issue. Basically, what you've said is: Von Verde's a member of this, there's a bunch of land here, there's some land adjacent to it and, well, there you have it.

Thanks for clearing that up for us.