Replies to post #4943 on Welwind Energy International Corp.(fka WWEI)

[emperor3605]

The PPA details have not been released because the actual details will not be determined until construction permit is issued. WWEI is a very minute player in the steel development project so could still be months.

Chinese law REQUIRES the government to buy the energy if local government has agreed to ppa. Creditors are investing in the guaranteed revenue stream---not WWEI balance sheet or 10k. Risk is further mitigated by turbine agreements---where manufacturer promises performance of turbines or is liable. Windcor has plenty of experience with the operational aspects. As I have posted before this is a speculative investment. As to management, certainly they have the most to lose and are probably far more disappointed. Would any of us want to try to coerce Chinese government action with no leverage? If by year end there is no agreement then all of us---especially the management, will have been proven mistaken in making the investment. Until then--------

[hang ten]

Good post Capo eom