Solar Wind Energy Tower Inc. (fka SWET)

[Nomad505]

I wouldn't think that such a thing is a bolt from the blue. The SEC would send out warning letters before taking such action.

I think that is why Pickett made the effort to update to a point last year. I expect a similar minimalist approach this year.

SWET doesn't sell shares. They write convertible notes and let the note holder sell the shares. It's really just a sneaky way to sell shares. Those notes are only revealed when they file Ks and Qs.

I still don't know how the Note holders avoid the reporting requirements for their shares. My best theory is that Pickett uses the massive float to his advantage and writes notes for slightly less than the reporting requirements.