Yup. Another key factor is the "...reduced its ownership interest to 98.67%...". Keep in mind that they again reduced the ownership even further at a later date. They can legally continue reducing SWET's ownership of AGP until it is 0% ownership. Which equals $0 profit for SWET from AGP operations. The only income SWET will have is from the licensing of the special software. Which by the way, is not a recurring revenue. The only recurring revenue would be from the rights to use the technology laid out in the patent. However, again, that is has a limited time AND AGP would have the rights to offer payment to SWET to acquire the patent. The cost the patent is whatever SWET wishes to charge. So Ronnie ol'boy could charge $1 US for the patent. After all, he has a controlling position with AGP (conflict of interest).
What really bothers me is that the US government allows crap like this to happen. Yes, it happens all of the time. At least 3-5 companies pull this every year.
Note the common shares they distributed as a form of payment. It is in their best interest to fold SWET so they do not have to worry about actually paying out. They cannot file bankruptcy, as that would put them on the spot with AGP as collateral. However, should controlling interest in AGP drop to 0% and they sell the patent and all rights to the software IP, they can simply stop operations of SWET and close it doors OR even file bankruptcy and clear all debts with no adverse hit to AGP.
I really hope I am wrong on this one, but currently all of the signs point to a complete shutdown of SWET.
