Entech Solar, Inc. (fka ENSL)

[Thirsty Tiger]

SHAREHOLDERS MEETING NOTES

These notes were taken by andrecca10901 on the RB WWAT board
http://ragingbull.quote.com/mboard/boards.cgi?board=WWAT&read=5343

Meeting got off to a slow start rehashing old news:

Quentin spoke of Rebates offered by states:

60% for New Jersey and 40 % for Calif.

Investment tax credit being offered by the Federal Govt for 30%.

He then spoke about 32 million in contracts announced in 2005 and 2006 of which 13 million are either finished or underway thus far in 2006, which leaves a backlog of roughly 19 million dollars.

The largest of the projects is Farm ACW 7.8 MILLION which is now ahead of schedule and should be completed in October or early November, thus becoming a total 2006 revenue item.

Notes Part 2

The Meeting then turned to future business and potential partnerships:

Interim CEO James Farrin spoke about why he was brought back to the company and the need to treat WWAT as a company that has emerged from an R AND D company to a now significant Revenue producing entity and as such more controls need to be put in place to monitor growth.

Next up was Ray Angelini and Steve Mitchell from RAI Group a general contractor/engineering firm that meets twice a month with WWAT to discuss joint Venture projects. They were involved with the Dupont installation as well as the Vorhees School District and have a substantial base of fortune 500 companies as clients. It was mentioned that Dupont has decided to switch 10% of all it's energy to renewable energy by 2010.

Notes Part 3

Now to the potential Blockbuster material:

First off Merriman was introduced as the firms investment bankers and have pretty much secured 10 million dollars in financing to be announced shortly, 2.5 to fund the remaining 2006 projects and 7.5 to fund 2007 projects.

Craig Sultan a managing partner from Merriman spoke briefly about Merriman being excited to have this alliance with WWAT and would be introducing WWAT to institutional clients within the next 2 weeks and WWAT will be participating in the Merriman conference later this month.

Notes Part 4 ENTECH

Next up was ENTECH and Dr. Robert Walters

After a brief intro as to the benefits of a WWAT ENTECH alliance Dr. Walters outlined some of the entities that Entech has done work for: they include the 3M company, Boeing and NASA. The ENTECH technology combined with WWAT initiative would require roughly 1/20th of the panels currently needed to complete a job. This serves many purposes, silicon panels are in short supply right now and the need for 1/20th the current amount would greatly reduce the strain on WWAT to find the panels. Dr. Walters sounded genuinely excited about the potential alliance.

Doug Washington WWAT V.P. of Global Business spoke of the ENTECH deal as " the defining moment in WWAT history and that it will take us to the next level"

In addition it was announced that the ENTECH deal should close by yearend and would be funded by a seperate subsidiary with no further dilution to WWAT stock.

Final Thoughts

I left the meeting with the following thoughts:

I was extremely impressed that both Merriman and ENTECH were at the meeting as their appearance proved to me that their interest in WWAT is genuine. It also gave credibility to just where WWAT IS as a company, obviously ENTECH AND MERRIMAN did plenty of due dilligence before getting involved with WWAT and companies of this stature would have passed on any involvement if they weren't 100% sure that WWAT was a legit company and fully above board. I mention this because I must admit my mind had been wandering these past few weeks that something was rotten in Denmark.

If the ENTECH DEAL CLOSES this is a home run in my opinion, there is just too much cost savings and client base of ENTECH TO LOOK AT IT ANY OTHER WAY.

The company has been under assault from .42 to .175 on Thursday by parties with no interest in seeing WWAT succeed, it is my understanding that they are either out of stock to sell or very close to being done. We have had a slight rise from .175 to .22 in the past day and a half and I would look for a further rebound very shortly. More than that I will not say as every time I predict a move in the stock it materializes 3 or 4 months later. This stock isnt for the faint of heart but anyone who attended and is selling I believe will be making a huge mistake. As Quentin Kelly stated today " The sky is not the limit"

Good luck to all


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My personal thoughts: It's nice to be frontloaded