Solarbrook Water and Power Corp. (fka SLRW)

[jcrom56]

I have been by the Apex facility. Apex is a suburb of Raleigh. I remember a few years back when HydroFlo announced that they were moving from Raleigh to Apex for basically the same reasons they are now stating the move from Apex back to Raleigh. I suspect the reason they are moving is more found in the "cost savings" part of the statement. It's another way of saying they can't afford the Apex facility any more, IMO. The Apex facility was large, brand new and very nice.
Yes, I have looked over the websites of the two mentioned companies. The fact that SWPC recently doubled it's Authorized share count tells me they are about to sell a lot more paper. The Megann website says they are looking for a $5 million investor. Can you guess how much money the SEC will allow a company to raise annually through the sale of unregistered securities? Take a wild guess. Start searching EDGAR for RegDex filings.I bet you will see them soon.
This company has been announcing pie in the sky for years now and has never produced a thing. Where are the promised audited financials? Without them, you know absolutely nothing about this company. Where are any announcements of closed contracts that were alluded to at the last shareholder's meetings? These were supposed to close by December. We have as yet not heard a thing.
I would not believe a thing that comes out of this company by way of forward looking statements. They have yet to produce on any single thing they have promised since they began. That is a miserable record that has separated a lot of people from their hard earned money.