Welwind Energy International Corp.(fka WWEI)

[emperor3605]

credit markets

Todays wall street journal reports large banks lending even less. Despite infusions of capital and loan guarantees , continued derivative losses along with future collapse of credit card and commercial real estate areas keep banks from lending. An intent to loan is just that---if the banks leadership feels reserves are adequate with current market risk we will loan. Obviously the bush-obama bailouts have not worked yet. Obama recently stated that his focus will be on getting credit to flow. This has nothing to do with wwei. But they promised---well they were too optomistic as to credit. But they have a loi---yes and when credit flows they will close the loan. That could be months. Reality sucks but that is where we are at---call rob if you want---what do you expect him to say?Perhaps it would be nice to have the company state that like all small companies in the world our credit is delayed by the credit crisis---and our loi will not help until credit eases.