Windswept Environmental Systems, Inc. (fka WEGI)

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WEGI has already disclosed they DO NOT have the needed bonding to bid on SOME LARGE projects, you think the Insurance company that owns policy on Chase building is going to allow a pinksheet company w/o proper bonding to remidieate a building like the JP CHASE building?

IMO WEGI will do very little IF ANY business in TX, They have no presence in TX, are they even licensed to do business in TX? and they dont have the needed bonding to do large scale PROJECTS IMPO.

PER WEGI:
The number and size of contracts that we can perform from time to time is to a certain extent dependent upon our ability to obtain bonding. This ability to obtain bonding is dependent, in material part, upon our net worth and working capital. Our ability to obtain bonding has been limited in recent years. There can be no assurance that we will have adequate bonding capacity to bid on all of the projects which we would otherwise bid upon were we to have such bonding capacity or that we will in fact be successful in obtaining additional contracts on which we may bid, which could have a material adverse effect on our results of operations.
http://www.sec.gov/Archives/edgar/data/814915/000114420408044881/v122495_s1a.htm

AND FROM THIS SAME FILING IT IS CLEAR THEY DONT HAVE PROPER SHARE STRUCTURE TO MAKE A CASH FOR SHARES DEAL:

Per the most recent S1/a
As of June 30, 2008, our authorized shares of common stock were 150,000,000 shares, of which 44,113,709 shares were issued and outstanding, 103,702,220 shares were reserved under options, warrants and a convertible note and 2,184,071 shares were available for further issuance.