Replies to post #9754 on Solar Wind Energy Tower Inc. (fka SWET)

[Cycleman]

More dilution's coming -- if it hasn't occurred already and SWET's just not reported it.

What did I tell you? According to its Q, SWET entered into 5 convertible debt transactions in Q1, selling 3 notes in the principal amount of $78,500 each ($237K total) for which it received $225K with each note being convertible at a %42% discount; a fourth in the amount $400K (SWET's received $68K), convertible at a 60% discount; and a fifth in the principle amount of $84K for which it received $68K, convertible at a 42% discount (this one actually closed in Q2).

Way to be transparent Ron ... or did I just miss the 8-Ks SWET filed for those?

In April 2015, the Company issued an aggregate of 125,947,646 shares of its common stock in settlement of convertible notes payable and accrued interest of $222,015.

Pushes its issued and outstanding to just under the 900K that were authorized before it recently bumped it to 1.3M, so SWET only has 400K shares to play with. Expect to see an increase in A/S on the next ballot.