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Stockpicker1000

04/30/14 11:44 AM

#2984 RE: money8547 #2983

The funding for the project is going to come from a major company with some sort of stipulations attached. Obviously a credit rating of at worst a triple B will be needed, there will need to be firm power purchase agreements, all the engineering stamps and approvals, etc. right now the company is not looking for 1.5 billion dollars. They have already spent around 10 million on R&D over the last three years. All they need now is a couple million dollars to chase the firm power purchase agreements, engineering approvals, etc. I know it doesn't sound like a lot of money but if you look at the team behind SWET like COMMONWEALTH DYNAMICS, WHITING TURNER, KRÖLL CRAINES. They have been doing substantial work for the company. SWET is way farther along than most people think. One more thing I would like to add. People say there is no "model". Well there is. It is a "to scale cad model". You cannot build a "model" that would show anything bc you need the height of the tower to be that high in order to create enough "downdraft wind" to make electricity. Now I can take dry ice and put it on top of a hollow cylinder and it will fall and air will come out the bottom. Simple science. Cold air falls hot air rises, Nothing new. If you really want to get information try calling the company and talking to someone there. Much more useful information.
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TimWJ11

04/30/14 12:08 PM

#2986 RE: money8547 #2983

It is a very hefty price tag which has apparently gone up from $1 billion to $1.5 billion… I am not sure if they have anything really put towards the funding yet at this point. The shares basically are being used to pay salaries, R&D, etc. they are in a huge hole so far… they have to get one of these things up in a hurry in my opinion or this company could sink before it finishes the first tower. They are 5 years in development and still going. There also seems to be a lot of negativity about the CEO of SWET in fact. Not sure why but I don’t think he is really a bad man though other people say his other companies failed when he says they were a success… if the tests are accurate though and this gets put up, this will be a huge money maker. Everybody on this board would be celebrating the day they get their first paycheck from one… but until then, like I have said before this is still all a dream. Its good they moved to protect their intellectual property though yesterday. They do have several patents which are great. I have held SWET stock about 5-6 months or so since .007 but wondering if it is one of these day trading things which has hit this stock as now it seems to be pulling back in which I am hoping not
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Alpha Investor

04/30/14 1:56 PM

#2999 RE: money8547 #2983

Shareholder since 2011... funding is pretty much the whole kaboodle with this co. It's speculative in nature, biggest prototype is 4 ft and doesn't have proof concept hence trading pennies. Tower is huge 2250 ft and require a huge investment of 1 to 1.5 billion yes billion to produce. Seek my 3 options post... best case scenario they get bought out (unlikely)

2. Who foot bill? Only major co/investment firms or most likely a govt (foreign or domestic)

3. They crush under their weight as they simply run out of money and Pickett moves on next co.

This is amazingly risky invest wisely. Imo... hold .1 to .2 lock some gains in leave house money in pot hope for unlikely event of construction and see collossal returns