US Wind Farming (USWF)

[secureresources]

By: thirsty_tiger (Hope you do not mind, TT)
07 Dec 2004, 11:52 AM EST
Msg. 1653 of 1657
(This msg. is a reply to 1648 by cortexmirabilis.)

OT: Cortex USWF

I spent a few hours doing basic DD on USWF yesterday (on company time of course). Here’s a few things

1. USWF is an almost brand new co. USWF registered their shares in two batches with SEC one on 4/15 and the other on 9/21. The co says it plans to become a fully reporting co. If so, then why has USWF not started to file their quarterlies yet.

2. According to the Co, there are 750,000,000 shares of authorized stock. There are 315,950,000 shares outstanding of these 252,760,000 shares are closely held by company executives and 63,190,000 are in the float. That float was dumped into the market just recently. Question is, are they done yet? Looking at graph of the pps and volume I’m not so sure. Volume has been steadily increasing lately but the price is stagnant, indicating selling. This is also confirmed by a simple accumulation/distribution plot.

3. Appears that it has a strong support at 0.020. If I were to buy in, I’d put 50% of my money right at 0.020 and 50% at 0.016-0.018 in case the support breaks temporarily.

4. The company has zero contracts. There’s a lot of PR’s informing of various “agreements” with various entities to build windmills. Lots of “the company expects….”. But so for zilch contracts.

5. The company expects to be cash positive by first quarter 2005. See point 4 above.

6. The company expects to close on several “agreements” during 4th quarter 2004. See point 4 above

7. The company itself is for real. Went by their office yesterday. It’s on the Chicago south side. Small office. In my estimate 4-8 people office.

8. The 2 principal stockholders have sunk a lot of their own money into this venture.

In summary, I’ll remain on the sidelines for now, keeping an eye and ear open. If USWF converts one of their “agreements” into a hard contract, I’ll probably jump in. Surprised, the company has not yet enlisted the “services” of stock pumpers such as Subway, GRC etc.

There is a board for USWF at this link.

http://ragingbull.lycos.com/mboard/boards.cgi?board=USWF

Let’s move any further discussion on USWF over to that board. We don’t want to clobber this one with to much discussion on other companies

TT