Only going back a few years, as this will give you a good history of the company.
Lie #1.
Date : 03/27/2009 @ 9:07AM Source : MarketWire Stock : W2 Energy (WTWO)
W2 Energy Develops Cutting Edge Clean Coal System
W2 Energy (PINKSHEETS: WTWO), a sustainable energy company, is pleased to announce that its proprietary Clean Coal Power Plant (CCPP) system can convert any type of coal into electricity, liquid fuel or combination of both, with zero carbon dioxide emissions. It is especially compatible with low BTU lignite coal presently being used to fuel most of the power plants in SE Asia.. The W2 Plant processes coal into ultra-low sulfur diesel, gasoline and jet fuel.
Note the syntax used here. DEVELOPS; CAN CONVERT; COMPATIBLE; PROCESSES; These are all definitive statements indicating that the unit is complete and works.
Why have they sold ZERO UNITS??? Lies or pathetic marketing?
Lie #2.
W2 Energy Waste to Energy Plants Ideal for Clean Up Lead Acid Batteries Date : 05/18/2009 @ 11:05AM
W2 Energy Waste to Energy Plants Ideal for Clean Up Lead Acid Batteries
W2 Energy (PINKSHEETS: WTWO), a sustainable energy company, is pleased to announce that its Waste to Energy Plants are an excellent solution to a serious disposal problem worldwide. Even worse than old tires for disposal is the disposal of lead acid batteries ("Car Batteries") and disposable batteries. The W2 plant processes the lead workings of old car batteries with a lead pellet as the end product, which can be sold. The acid and plastic casings are broken down with the W2 plant separating the sulfur and the syngas being used to power the plant.
These plants are closed system plants so that there are NO emissions whatsoever to contaminate the air. This technology has been proven to work. It was used to process the clean up an old battery manufacturing facility and did a complete clean up including removing battery fragments and acid from the soil.
Again the company's PR speaks that its definitive. The system was tested and works with lead acid automotive batteries. Even "removes battery fragments and acid from the soil" they say.
Why was THIS technology never marketed?
- Termination of Registration of a Class of Security under Section 12(g) (15-12G) Date : 06/17/2009 @ 11:41AM Source : Edgar (US Regulatory) Stock : W2 Energy (WTWO) Quote : 0.0012 0.0001 (9.09%) @ 4:30PM - Termination of Registration of a Class of Security under Section 12(g) (15-12G)
Wow now they do not have to report to the SEC. Easy to spin tales if nobody is watching you isn't it?
Lie #3
W2 Energy Inc. Completes Commercial Scale Algae Bioreactor Date : 08/04/2009 @ 12:16PM Source : MarketWire Stock : W2 Energy (WTWO) Quote : 0.0012 0.0001 (9.09%) @ 4:30PM W2 Energy Inc. Completes Commercial Scale Algae Bioreactor
W2 Energy Inc. (PINKSHEETS: WTWO), a developer of green energy, is pleased to announce it has successfully completed a commercial scale algae bioreactor. The Sunfilter bioreactor will be used to sequester any CO2 byproducts from the W2 Energy waste to energy processes well as the product can also be sold separately. Customers such as algae producers, biodiesel producers, labs, aquaculture companies, coal and petroleum plants are among the Sunfilter target market.
Really.... CHEVRON did not have a working algae bio reactor at this point but some NON SEC REPORTING company in someone's garage does?
But yet again... NO SALES. Why? Its pretty hard to sell what you don't have.
Lie #4
W2 Energy Inc. Expands Product Line Date : 08/07/2009 @ 10:17AM Source : MarketWire Stock : W2 Energy (WTWO) Quote : 0.0012 0.0001 (9.09%) @ 4:30PM W2 Energy Inc. Expands Product Line
W2 Energy Inc. (PINKSHEETS: WTWO), a developer of green energy, is pleased to announce it has successfully completed its rotary multi-fuel engine.
The Engine will be used in conjunction with W2 Energy's non thermal plasma technology to create low cost, small, green power generation systems that can run on a variety of fuels like diesel, bio-diesel, natural gas, propane, hydrogen, brown gas, even straight vegetable oil without modification. The product will be targeted at commercial and consumer level and will give W2 Energy its first consumer product.
Wait so let me get this straight. This garage born and bred company has now 4 working products in 6 months.... 2 in 3 days and has never sold any?
Lie #5
W2 Energy Inc. to Build Algae Oil Plant at Guelph Location Date : 08/13/2009 @ 11:29AM Source : MarketWire Stock : W2 Energy (WTWO) Quote : 0.0012 0.0001 (9.09%) @ 4:30PM W2 Energy Inc. to Build Algae Oil Plant at Guelph Location
W2 Energy Inc. (PINKSHEETS: WTWO), a developer of green energy, is pleased to announce it will build several of the commercial scale Algae bioreactors previously announced on August 4, 2009 to produce a small scale production plant.
The company intends to build a pilot scale facility at our Guelph location, which will begin with 10 of our units producing around the clock. The resulting product will be sold into various markets, including the biodiesel market.
And 6 days later they're going to produce a working biofuel plant in their parking lot. This was over 3 years ago. Where is the plant? How much oil has it produced?
Lie #6
W2 Energy Inc. Begins Construction of Commercial Non Thermal Reactor Date : 08/17/2009 @ 11:13AM Source : MarketWire Stock : W2 Energy (WTWO) Quote : 0.0012 0.0001 (9.09%) @ 4:30PM W2 Energy Inc. Begins Construction of Commercial Non Thermal Reactor
W2 Energy (PINKSHEETS: WTWO), a developer of green energy, is pleased to announce it has begun construction of "the first of its kind" commercial scale Non Thermal ("NT") Plasmatron. The NT Plasmatron will be used to generate syngas from the algae grown in the company's algae bioreactor plant, previously announced in the press release dated on August 13, 2009. The first NT Plasmatron is expected to have a capacity to gasify 500KG of Algae per day. The gas generated will be burned in the company's combustion rotary engine, previously announced in the press release dated on August 7, 2009, which will be coupled to an electrical generator.
And 4 days later there's another PR showing they'll build some fantasy device a "first of its kind" to generate syngas from the algae grown in the bioreactor plant that they have not built, and never did build.
Why? Easy. Look at the historical chart for this timeframe. The stock went up over 400% during the span of these press releases. The company dumped HUNDREDS OF MILLIONS OF SHARES without delivering on a single PR.
This is 2009. Since everyone here is interested, I'll assemble 2010, 2011 and 2012 LIES today so it can be posted bright and early for Monday morning.