GWS Technologies, Inc.(fka GWSC)

[stockreview]

New WPNV deal smells like fraud.

GWSC hasn’t got any employees, any assets, any revenue, any financial reports, it got kicked off the bulletin board for failing to file SEC reports, it lost its office and on its last report it was millions in debt and had a ton of judgments against it. It’s never “developed” anything. GWSC couldnt buy a fan at sears, much less "develop" a windfarm so it could then buy equipment from WPNV. GO look at who issued all the press releases (do a Google search for “Colorado Plateau Wind Project”). This guy Eric Johnson, the "Director of Business Development" for GWSC that did all these blast emails? He was the former CEO, the former president and was chairman of the board of GWSC.

I dare GWSC or WPNV to prove that GWSC has the ability to do this “proposed windfarm”. GWSC, they have nothing (well maybe except a lot of hot air, if that counts for a windfarm)

All this was a just a way for GWSC and WPNV to do a mutual pump and dump, and I'll bet this Johnson got stock from WPNV to do this. Look at stockpromoters.com. Someone paid a lot of stock pump sites to deliver this “news” on a “one-day promotion”. Those press releases are absolute frauds, and the SEC should sure look into this one.

If GWSC hasn’t got the money to BUY the equipment, HOW can WPNV SELL it to them????

Go look at: http://www.hotstocked.com/article/3658/windpower-innovation-pink-wpnv-stock-to-blow-on.html

The important part is:

Maybe the other possible reason for the lifeless bids on WPNV yesterday were the released this Tuesday company's financial statements for the fiscal years ended September 30, 2010 and 2009. There, the company with ambitions to provide a comprehensive range of services for the largest (1-5 Megawatt) wind turbines on the market, reported zero cash balances in two fiscal years, along with property and equipment for $167K, rounded to the nearest $1,000. Further more, in its quite laconic financials WindPower Innovation presented accordingly current liabilities exceeding more than twice the company's assets.