WorldWater & Power Corp. (WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced results for the third quarter ended September 30, 2006. Revenue for the third quarter was $6.5 million with gross margins of 22%. The company had given preliminary guidance of revenue in the range of $5.8 - $6.1 million for the quarter.
"We are very pleased to announce, as expected, our best quarter in the Company's history," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and project significantly stronger growth in 2007."
Financial Results:
Revenue for the third quarter was $6.5 million, compared with $0.6 million reported in the third quarter of 2005. Gross profit for the quarter was $1.5 million or 22.2% gross margin, versus a loss of $0.2 million in the prior-year period. The company posted an operating loss of $0.4 million compared with an operating loss of $1.4 million in the third quarter of 2005. Net loss for the third quarter was $0.8 million, or $(0.01) per share, compared to a loss of $4.8 million, or $(0.05) per share, in the prior-year period.
For the first nine months of fiscal 2006, WorldWater reported revenue of $10.3 million, versus $0.8 million in the same period last year. Gross profit was $1.9 million for the first three quarters of 2006, as compared with a loss of $(0.2) million in 2005. Net loss for the period was $6.3 million, or $(0.05) per share, versus a net loss of $7.5 million, or $(0.08) per share, in the same period last year.
About WorldWater & Power Corp
Going higher from these levels
Posted by ullnvrknw on :
We have a monster about to break loose on this one
Posted by madisonbrent on :
could be a great next few days, good luck
Posted by 10of13 on :
bid/ask .345 premarket.. let go BABY!!!
Posted by ullnvrknw on :
Get in early.. this one going over .40
Posted by ullnvrknw on :
.35-.355
Posted by 10of13 on :
up 9.38% premarket... Good Day a comin'!
Posted by 10of13 on :
Bringing this up for ullnvrknw Many WWAT threads started by this poster.. and I am copying some of the past posts from the threads here...but I have always liked WWAT..and even played it a few times...but am not in now and have no clue if this is ready to go...just be careful...
ullnvrknw Member
Member Rated: posted April 04, 2006 10:07 AMApril 04, 2006 10:07 -------------------------------------------------------------------------------- Don't listen.. iv'e been telling you all to buy since .40
ullnvrknw Member
Member Rated: posted April 04, 2006 10:33 AMApril 04, 2006 10:33 -------------------------------------------------------------------------------- hold bull ,its going over $1 -------------------------------------------------------------------------------- Posts: 71 | Registered: Mar 2006 | IP: Logged |
ullnvrknw Member
Member Rated: posted October 11, 2006 09:06 AMOctober 11, 2006 09:06 -------------------------------------------------------------------------------- get ready for a run to .39 by friday -------------------------------------------------------------------------------- Posts: 71
Posted by T e x on :
quote:Originally posted by 10of13: Bringing this up for ullnvrknw Many WWAT threads started by this poster.. and I am copying some of the past posts from the threads here...but I have always liked WWAT..and even played it a few times...but am not in now and have no clue if this is ready to go...just be careful...
ullnvrknw Member
Member Rated: posted April 04, 2006 10:07 AMApril 04, 2006 10:07 -------------------------------------------------------------------------------- Don't listen.. iv'e been telling you all to buy since .40
ullnvrknw Member
Member Rated: posted April 04, 2006 10:33 AMApril 04, 2006 10:33 -------------------------------------------------------------------------------- hold bull ,its going over $1 -------------------------------------------------------------------------------- Posts: 71 | Registered: Mar 2006 | IP: Logged |
ullnvrknw Member
Member Rated: posted October 11, 2006 09:06 AMOctober 11, 2006 09:06 -------------------------------------------------------------------------------- get ready for a run to .39 by friday -------------------------------------------------------------------------------- Posts: 71
and your point is... what?
Posted by 10of13 on :
Lmao Tex... I think I spelled it out...No? BTW...the shower is now cold...LOL Posted by T e x on :
need firewood?
Posted by 10of13 on :
A fire would be nice... (The water would be warm by the time we roasted some marshmellows...)
Posted by ullnvrknw on :
NEWS:::::::::::::
Posted by NEL on :
So post it!
Posted by bdgee on :
Nah, don't post it....post the link.
Posted by ullnvrknw on :
Press Release Source: EMCORE Corporation
EMCORE Corporation Announces Strategic Investment in Terrestrial Solar Company WorldWater & Power Corp. Thursday November 30, 7:30 am ET Companies to Cooperate in System Development and Terrestrial Marketing of Solar Concentrator Cells and Solar Power Systems Technology; EMCORE enters exclusive supply agreement for high efficiency multi-junction solar cells and concentrator subsystems for 26.5 Megawatts over three years
SOMERSET, N.J., Nov. 30 /PRNewswire-FirstCall/ -- EMCORE CORPORATION (Nasdaq: EMKR - News), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and solar photovoltaic markets, and WorldWater & Power Corp. (OTC Bulletin Board: WWAT - News), developer and marketer of photovoltaic systems for terrestrial power generation including proprietary electrical motor drive technology for water pumping, today jointly announced that EMCORE has agreed to invest $18 million in WorldWater in return for an amount of convertible preferred stock and warrants of WorldWater, equivalent to an approximately 31% equity ownership in WorldWater, or approximately 26.5% on a fully diluted basis. ADVERTISEMENT
The two companies also announced the formation of a strategic alliance and supply agreement under which EMCORE is the exclusive supplier of high-efficiency multi-junction solar cells, assemblies and concentrator subsystems to WorldWater with a contract valued at up to $100 million over the next 3 years.
On November 29, 2006, EMCORE invested $13.5 million in WorldWater, representing the first tranche of its $18 million investment. The investment of the remaining $4.5 million second tranche will occur once the definitive strategic agreement is signed and certain other conditions are met. The parties expect the execution of the definitive strategic agreement and second closing to occur before the end of the year. In connection with the investment, EMCORE will also gain two seats on WorldWater's Board of Directors.
"This strategic investment represents a shift in EMCORE's terrestrial photovoltaic strategy by becoming, with WorldWater, a solution provider rather than just a component supplier. This investment will add strategic strength to both of our companies," said Reuben F. Richards, Jr., President and CEO of EMCORE. "By connecting EMCORE's space and terrestrial cell technology with WorldWater's specialized electrical drives for applications such as pumping water for water utilities and irrigation for farms, we should command a significant segment of the rapidly growing distributed solar energy market in the U.S. and abroad. A significant percentage of the world's electrical consumption is used to run pumps and motors. WorldWater's broad marketing experience and capabilities combined with EMCORE's terrestrial solar cell and system technology will lead to significant market opportunities for utility scale power as well as for markets on the retail side of the meter such as water pumping for agriculture and village scale power. We are impressed with the progress WorldWater has made, particularly in the last year increasing revenues from $2 million in 2005 to a projected $17 million for 2006."
Quentin T. Kelly, WorldWater's Founder and Chairman, commented, "Our technological mix is key to this strategic partnership. Concentrated photovoltaic systems are the keys to reducing the cost per watt of power generated. In addition, this major financing from EMCORE will enable WorldWater to substantially increase our core business of blending and/or replacing the electric grid with solar power and supplying solar electric drives able to operate motors and pumps up to 600 hp for large commercial projects, whether in the agricultural, water utility or other industrial fields." Mr. Kelly added, "EMCORE's $18 million investment will help us to meet our working capital needs in expectation of achieving major growth in revenue next year."
About EMCORE:
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premises (FTTP). EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems. For further information about EMCORE, visit http://www.emcore.com.
About WorldWater:
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at http://www.worldwater.com.
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to future events that involve risks and uncertainties. Words such as "expects," "anticipates," "intends," "plans," "believes," and "estimates," and variations of these words and similar expressions, identify these forward-looking statements. Actual operating results may differ materially from such forward-looking statements and are subject to certain risks, including risks arising from: the risk of loss of investment associated with a minority investment in a small cap company with a history of losses; the financial impact of accounting for a percentage of WorldWater's losses under the equity method; the potential cancellation of WorldWater's purchase order in the event EMCORE is unable to develop a cost competitive concentrator system or adapt its solar cells for use in WorldWater's sytems; the risks associated with EMCORE's ability to successfully develop and commercialize a concentrator photovoltaic system incorporating EMCORE's multijunction solar cells; and other risks and uncertainties described in EMCORE's filings with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof, and EMCORE does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
Posted by ullnvrknw on :
10of13??? Did i spell it out clear enough for you? Still holding all of it, going higher
Posted by 10of13 on :
LOL...You didn't need to spell anything out for me...the new threads were getting "old"...you have been spouting .40 and higher since last spring... I've played this stock and made $...and I am hopeful and glad that you will also...just try to keep the info on the same thread...Easier for People to follow...
quote:Originally posted by ullnvrknw: 10of13??? Did i spell it out clear enough for you? Still holding all of it, going higher
Posted by ullnvrknw on :
This traded perfect today. Nothing but higher from here
Posted by ullnvrknw on :
Got rid of the weak hands today and finished flat..Going higher
Posted by 10of13 on :
BYW ullnvrknow... I don't hide dude...BUT? I don't pump either...
Sold out on Friday... Kinda wonderin' if the small gap will need to be filled...
Posted by ullnvrknw on :
Mistake
Posted by ullnvrknw on :
Only gap being filled on this one is the gap from .40 to .59
Posted by 10of13 on :
closed today at .365... draw your own conclusions...
quote:Originally posted by ullnvrknw: Mistake
Posted by BooDog on :
It's an IHUB stock.
Posted by ullnvrknw on :
You were saying?
Posted by ullnvrknw on :
Great sale 10of13..Listen of you want to make money
Posted by ullnvrknw on :
moving real nice here..... .40 support now
Posted by ullnvrknw on :
Something is up, its running
Posted by 10of13 on :
Moving nice...
Posted by ullnvrknw on :
What iv'e been trying to tell you.Horrible sale
Posted by ullnvrknw on :
through .40 last time it went flying up to .59. Traded exactly the same at .40 this time around as last
Posted by ullnvrknw on :
What a day on no news. This stock has just begun. Can you say xsnx type move?
Posted by ullnvrknw on :
Long and strong still. This thing is setting up for another run
Posted by ullnvrknw on :
great news today...Going to fly again soon
Posted by 10of13 on :
WorldWater & Power Corp.: 2006 Breakthrough Year BusinessWire - January 08, 2007 7:30 AM ET
Related Quotes Symbol Last Chg WWAT Trade 0.4401 +0.0551 Quotes delayed at least 15 minutes
WorldWater & Power Corp. (OTC BB: WWAT.OB), developer and marketer of proprietary high-power solar systems, today released a general summary of corporate milestones achieved in 2006 that it believes will propel the company to major growth over the next several years. Quentin T. Kelly, Chairman of WorldWater & Power Corp., stated, "The year 2006 proved to be a breakthrough year for WorldWater in many aspects: sharply increased revenues, gross profits, strategic partnerships, acquisition progress, technological advances, multiple project signings and job completions on time and on budget. Our people and the unique patented technology we have developed have opened doors to bidding and winning larger contracts in expanding markets, with new applications and partnerships significantly broadening our business base."
During the year, the Company completed and or initiated 19 commercial or industrial projects in California, New Jersey, Delaware and Texas, in addition to more than a dozen residential systems. WorldWater expects to meet its earlier guidance of $17 million for 2006, according to Mr. Kelly.
Revenue for the 3rd Quarter of 2006 was the best in the Company's history, $6.5 million with gross margins of 22%, compared to revenue of $1.5 million for the 3rd Quarter of 2005. WorldWater & Power expects that revenue in the 4th Quarter 2006 will surpass 3rd Quarter 2006 results. The 4th Quarter also saw completion of the company's largest solar project to date, the $7.8 million Farm ACW avocado ranch in California, believed to be the world's largest application of solar for agriculture, and the initiation of two projects under the company's new Power Purchase Agreement (PPA) sales program (St. Joseph of the Palisades High School and Gerrard Berman Day School, Solomon Schechter, both in New Jersey, with Nautilus Solar Energy, LLC as the system owner).
In November 2006, the Company signed a strategic alliance with EMCORE Corporation (NASDAQ: EMKR) wherein EMCORE purchased 26.5% of WorldWater stock on a fully diluted basis for $18 million in cash ($13.5 million on signing and $4.5 million on completion of the strategic agreement before Jan 31, 2007). Under the strategic agreement, EMCORE will supply its high-efficiency multi-junction solar cells and concentrator systems to WorldWater for marketing to the terrestrial market. Contract value of the WorldWater purchase of cells and concentrator systems from EMCORE is up to $100 million over the next 3 years.
In July, WW&P entered into a Letter of Intent (LOI) with ENTECH, Inc. of Keller, TX, to acquire the company. The LOI was extended by both parties in late December and the acquisition is expected to be completed shortly. ENTECH is a developer and manufacturer of advanced concentrating solar photovoltaic and thermal technologies for terrestrial and space power applications and has developed record-breaking solar conversion concentrator systems. ENTECH develops and supplies proprietary solar technology for space missions for NASA, DOD and commercial customers, and has installed ground-based systems. The combined technologies of ENTECH, EMCORE and WorldWater are expected to generate and deliver solar electric and thermal energy for terrestrial purposes at prices competitive to retail electric and natural gas prices without relying on rebates.
In addition to the economics of combining technologies, Mr. Kelly declared, "With EMCORE's multijunction cells in the focal spot of ENTECH's optics creating 500x to 1000x concentrated sunlight, and WorldWater's electronic control devices translating that concentrated electrical energy into megawatts of working power in the field, we expect to add a whole new dimension to the public's understanding of solar energy. We're bringing the future into the present."
About WorldWater & Power Corp.:
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
About EMCORE:
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premises (FTTP). EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems. For further information about EMCORE, visit http://www.emcore.com.
About ENTECH, Inc.:
ENTECH provides advanced solar energy technology for a variety of applications, ranging from daylighting systems for commercial buildings to solar power arrays for spacecraft. The company's patented solar power systems produce electricity from sunlight for applications on Earth (terrestrial power) and in space (spacecraft power). ENTECH's Fresnel lenses capture sunlight and focus it onto small solar cells, thereby reducing electricity costs compared to conventional flat-plate (planar) solar energy approaches. Additional information can be found at www.entechsolar.com.
About Nautilus Solar Energy, LLC:
Nautilus Solar Energy, LLC is an energy investment and project development firm formed to develop, finance, own and operate distributed generation and utility scale solar power projects (www.nautilusenergy.com).
Forward Looking Statement:
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
SOURCE: WorldWater & Power Corp.
WorldWater & Power: Jessie Sullivan, 609-818-0700 ext. 20 JSullivan*worldwater.com or Press: Mike Breslin Productions LLC Mike Breslin, 201-652-1287 mbrez*aol.com
Posted by ullnvrknw on :
Trades 1.2 million us market after close and 8 million in germany after close
Posted by 10of13 on :
This is waking up today... up 8.75%
Posted by 10of13 on :
13.48% Posted by 10of13 on :
that .48 wall went like nothin'! up 14.66% lots of buying pressure!
Posted by a surfer on :
looking good 10!!
Posted by 10of13 on :
Yes it does...wish I new why the movement...Guess I may hold and see... Posted by 10of13 on :
.50 18.20%
would be Great to close at HOD!
Posted by 10of13 on :
This buying pressure is still going stron and the market is closed in 3 mins 22%
Posted by ullnvrknw on :
oh how nice it is. Like i said, IM ALWAYS RIGHT
Posted by ullnvrknw on :
Cleaning out the daytrader/retail traders.. Hold tight for the next run
Posted by bullpicks6 on :
I like this one here
maybe a pullback maybe a breakout
either way even on a pullback we're bouncing...safe buys, I'm in
Posted by 10of13 on :
It's a nice one to swing every now and then bullpicks...
Posted by ullnvrknw on :
Purpose of Transaction
The shares of Common Stock were purchased by the Trust for investment purposes. The reporting persons have no plans or proposals which relate to or which would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. However, the reporting persons retain their rights to modify their plans with respect to the transactions described in this Schedule 13D, to vote, acquire or dispose of securities of the Issuer and to formulate plans and proposals which could result in the occurrence of any such events, subject to applicable laws and regulations.
Item 5. Interest in Securities of the Issuer
(a) As of the date of this Schedule 13D, each reporting person beneficially owns 7,932,500 shares of Common Stock, which are held of record by the Trust.
(b) Each of David Gelbaum and Monica Chavez Gelbaum, acting alone, has the power to exercise voting and investment control over the shares of Common Stock owned by the Trust.
(c) Since January 8, 2007, the Trust has purchased the following shares of Common Stock in brokered transactions as follows:
Date Number of Shares Price Per Share ---- ---------------- ---------------
Los Angeles Times' West Magazine Names Irvine Co. Chairman Donald Bren as the Most Powerful Southern Californian Top 10 Power Players Also Announced West 100 list available later today and featured in Aug. 13 print edition
LOS ANGELES, Aug. 10, 2006 – West magazine, the Sunday magazine of the Los Angeles Times, today announced that Irvine Co. Chairman Donald Bren tops its list of the 100 most powerful people in Southern California.
The complete West 100 list will be available after 12 p.m. PDT today at www.latimes.com/top100 and will be featured in the Aug. 13 print edition of West magazine.
The top 10 power players in the West 100 are:
1. Donald Bren, 74, chairman, Irvine Co., Newport Beach - Orange County looks like Orange County because of Bren's influence. Also bearing his imprint is the New Majority, a growing coalition of wealthy, socially moderate Republicans who helped vault Gov. Arnold Schwarzenegger into office.
2. Eli Broad, 73, civic leader, Brentwood - Broad has used his money to insert himself into virtually every major decision affecting Los Angeles' civic life: Disney Hall, Museum of Contemporary Art, Grand Ave. Project - as well as major grants to Caltech, UCLA, Pitzer College and USC. His homebuilding company, Kaufman & Broad, sowed Greater Los Angeles with middle-class ranch houses and gave the region what some would call its signature sprawl.
3. Barbara E. Kerr, 59, president, California Teachers Assn. (CTA), Riverside - No issue is more critical to the future of the region than education, and nobody wields more influence in this arena than does Kerr, president of the 335,000-member union. In June, Kerr helped engineer a deal with Los Angeles Mayor Antonio Villaraigosa that would, among other things, strip power from the Los Angeles Unified School District board and give individual teachers much more sway over classroom instruction. It's no surprise that Kerr has Villaraigosa's ear: Under her direction, the CTA helped defeat Villaraigosa's opponent, incumbent James Hahn.
4. Antonio Villaraigosa, 53, Los Angeles mayor, Windsor Square - With seemingly boundless energy, Villaraigosa is bent on putting his stamp on all of the local hot-button issues of the day - crime, transportation and education - in a way that his predecessors never managed.
5. Roger Mahony, 70, archbishop, Archdiocese of Los Angeles - With five million Roman Catholics in Los Angeles, Ventura and Santa Barbara counties, Mahony boasts a huge flock, especially in the Latino community. Some say the church's sex abuse scandal has undermined his influence, but there's another way to look at it: Mahony's ability to keep secret the files of priests suspected of misconduct underscores just how powerful he is.
6. Philip Anschutz, 66, industrialist, Denver - Southern California has more than its share of absentee landlords. Few, however, have had as much impact as Anschutz. He owns Staples Center, the Home Depot Center in Carson, the Kings hockey team, the Galaxy soccer franchise and (with Ed Roski) nearly 30% of the Lakers. His entertainment company, AEG, plans to spend more than $1 billion in hotel and commercial development that will inject even more life into downtown Los Angeles.
7. Henry Samueli, 51, cofounder, Broadcom Corp., Corona del Mar - While he isn't your typical Orange County mogul, Samueli is a rising star in regional affairs. He has donated more than $160 million mostly to educational and healthcare institutions. He already owns the Anaheim Ducks hockey franchise and the company that manages the Arrowhead Pond, but he may become an even bigger household name if he brings an NBA franchise to Anaheim.
8. Jerry Bruckheimer, 61, TV and film producer, Los Angeles and Bloomfield, Ky. - Nobody in Hollywood has more clout these days than this master of screens big and small. It was Bruckheimer's move into prime-time television in 2000 that helped lift the stigma of working in the genre and signaled the start of L.A.'s shift from Tinseltown to TV town. With that has come a boom in TV shoots - and many thousands of jobs for actors, writers, craftspeople and others.
9. David Gelbaum, 57, conservationist, Newport Beach - Gelbaum has donated more to conservation causes than anyone in the state - anonymously. This hedge-fund multimillionaire has taken a leading role in safeguarding enough mountain and desert land to create another Yosemite National Park.
10. Haim Saban, 61, media mogul, Beverly Hills - His recent involvement in a deal to buy L.A.-based Univision Communications, by far the nation's largest Spanish-language broadcaster, catapulted him to the fore. With an extensive background in entertainment and media, Saban's vision for the company will be reflected in millions of TV sets throughout Southern California.
Behind The West 100
The 100 most powerful Southern Californians were selected from a list of more than 350 candidates by West magazine editors and staff writers over the last several months. That initial list was based on discussions with reporters and editors in every section of the Los Angeles Times and with sources throughout Southern California.
"We defined the powerful as those having influence over the way we live as Southern Californians," said Rick Wartzman, West magazine editor. "We tried to cast a wide net, considering candidates from the worlds of politics, the arts, media, sports, business, health, the environment and beyond. But we limited our geography to Los Angeles, Orange, Riverside, San Bernardino and Ventura counties."
"Being rich and philanthropic wasn't enough to snare a spot," he said. "The key, in the case of the affluent, was whether these people are purposefully directing their money to help shape the local landscape. Timeliness was a factor as well; some veteran power brokers have lately been less active than usual. We also nixed those without an established track record."
In explaining the decision between the No. 1 and No. 2 rankings, Wartzman said, "The areas in which Eli Broad has made a mark in L.A. - education, the arts, the revival of downtown - others also wield considerable influence. But Donald Bren's power in Orange County is essentially unrivaled. What's more, much of Broad's central city renaissance has yet to happen; Bren's Orange County is largely realized."
Related Features
Also featured in the Aug. 13 issue of West magazine: Power Players – Everybody knows that the Lakers attract a slew of Hollywood stars: Jack Nicholson, Dyan Cannon and Denzel Washington, among others. But lots of other L.A. power brokers can be found courtside - where a ticket runs $2,200 per game - and in other choice seating at Staples Center. This 3-D seating chart shows where to find them. "The Men Who Made The City" by D.J. Waldie. The equation used to be Empty Space + Desire = Power. Now, the formula isn't so clear. "At Their Service" by Andy Meisler. Few people realize that your average chief executive, superagent or A-list actor or director is virtually crippled without an intelligent, infinitely flexible, utterly ego-free and usually career-capped gatekeeper by his or her side. About West Magazine
Introduced Feb. 5, 2006 by the Los Angeles Times, West offers readers an eclectic, insightful and entertaining view of the many faces of California. West magazine replaced the weekly Los Angeles Times Magazine and resurrected the title used by The Times for its Sunday magazine from the mid-1960s through the early 1970s.
About the Los Angeles Times
The Pulitzer Prize-winning Los Angeles Times is the largest metropolitan daily newspaper in the country, with a daily readership of nearly 2.2 million and about 3.3 million on Sunday. With its media businesses and affiliates – including latimes.com, TheEnvelope.com, Times Community Newspapers, Recycler Classifieds, Hoy, and California Community News – the Los Angeles Times reaches approximately 7.6 million or 58 percent of all adults in the Southern California marketplace every week.
The Los Angeles Times, which this year marks its 125th anniversary covering Southern California, is part of Tribune Company (NYSE: TRB), one of the country's leading media companies with businesses in publishing, the Internet and broadcasting. Additional information about the Los Angeles Times is available at www.latimes.com/mediacenter. Posted by ullnvrknw on :
A man like this doesn't buy .52 stock to take a loss
Posted by 10of13 on :
WOW...i forgot I had some of this...moved nice today!! .63 Whho Hooo..
Posted by ullnvrknw on :
Still holding it all.Not selling a share until over $1.50
Posted by fourseven on :
break above .55 looks significant, especially on high volume. just made a new 5-year high
i think i'm gonna try the warren buffet school of thought on this one.. the fundamentals are right.
Posted by 10of13 on :
Still movin' UP!!
Posted by ullnvrknw on :
PENNINGTON, N.J., Apr 02, 2007 (BUSINESS WIRE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced results for the fourth quarter and full year ended December 31, 2006. Revenue for the fourth quarter was a record $7.1 million, with gross profit of $0.9 million while, for the year, WorldWater reported revenue of $17.3 million, with gross profit of $2.7 million.
"We are extremely pleased to announce, as expected, our best revenue year in the Company's history," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We set out to transform WorldWater & Power in 2006 and accomplished just that - with revenue nearly eight times what it was in 2005, as we executed to plan and completed such major installations as the $7.8 million Farm ACW avocado ranch. Not only did we significantly grow the Company and improve gross margins, but we entered into a strategic partnership with EMCORE, raised capital, and added seasoned talent to our executive staff. We have positioned the Company for continued expansion in 2007 and are off to a great start. In total, we installed 2.4 megawatts in 2006 versus 275 kilowatts in 2005, and we expect to at least double our production during 2007 to approximately 5 megawatts of electricity.
"WorldWater is actively bidding on a number of complex, multi-megawatt projects and recently won a $5.7 solar project with Bayshore Recycling, a 700 kilowatt system. We expect to announce additional large projects in the near future, some of which will leverage our expanding relationship with ENTECH. In that regard, we are continuing to finalize our merger discussions and anticipate providing further details in the near future. While this opportunity has always been considered strategically important for WorldWater & Power, we have diligently worked to construct a transaction that brings maximum value to our shareholders."
Mr. Kelly concluded, "I am excited by the growth prospects this year and stand behind the previously-announced goal of $30-$35 million in revenue, with profitability expected as production ramps up in the second half. The first quarter will be seasonally down from the fourth quarter, but the year continues to look strong. We have a record number of outstanding proposals and are taking the appropriate steps to fund our aggressive expansion. WorldWater & Power is clearly positioned for rapid growth this year - with the technology, talent, and partners in place to take advantage of the increasing demand for large, integrated solar power systems that can save energy and pave the way for a cleaner world."
Financial Results
Revenue for the fourth quarter was $7.1 million, compared with $1.2 million reported in the fourth quarter of 2005. Gross profit for the quarter was $0.9 million, versus a loss of $0.1 million in the prior-year period. Net loss for the fourth quarter of 2006 was $5.1 million, or $(0.03) per share, compared to a loss of $2.7 million, or $(0.03) per share, in the fourth quarter of 2005. The 2006 fourth quarter includes the non-cash impact of $3.2 million in beneficial conversions related to the Company's preferred stock dividend.
For fiscal 2006, WorldWater reported revenue of $17.3 million, versus $2.0 million in 2005. Gross profit was $2.7 million, as compared with a loss of $(0.5) million last year. Net loss for the period was $11.4 million, or $(0.08) per share, versus a net loss of $10.2 million, or $(0.11) per share, in 2005. Results include $1.6 million in non-cash warrant expense for 2006 and $3.1 million in 2005; 2006 also includes the non-cash impact of $3.2 million in beneficial conversions related to the Company's preferred stock dividend.
Posted by fourseven on :
Whoa... strong action on the close today.
Posted by ullnvrknw on :
damn people iv'e been telling you to buy forever. This will be a home run
Posted by ullnvrknw on :
here it is...Huge news!!!, this opens all the doors. This one is gonna go...http://www.fresno.gov/CouncilDocs/agenda4.10.2007/1035am2a.pdf
Posted by 10of13 on :
WWAT has always been good to me... and I continue to flip and hold shares! GLTA!
Posted by 10of13 on :
52 week high...this is moving up...not a fast up...just gradual..and for me is a good hold...as far as pennies go!
April 5, 2007 - 4:39 PM EDT
WWAT 0.72 0.04
Delaware Governor Cuts Ribbon on WorldWater & Power Corp. $500,000 Solar Project for Poultry Industry Study Partners include Allen Family Foods, University of Delaware and GE Energy
In a ribbon-cutting ceremony held here yesterday, Delaware Governor Ruth Ann Minner joined a host of dignitaries to officially open a milestone solar electric study at a poultry growout house owned by Allen Family Foods, Inc. World Water & Power Corp., developer of proprietary high-power solar systems designed and engineered the $500,000 photovoltaic installation for Allen.
The project is a solar study for the U.S. poultry industry and a partnership between Allen Family Foods, WorldWater & Power Corp., GE Energy, the University of Delaware, the Delaware Department of Agriculture and the Delaware Department of Natural Resources and Environmental Control.
The new system supplies all essential electricity for lighting, heat and ventilation used to raise day-old chickens to maturity, and will significantly reduce Allen's electricity costs. While the innovative system is connected to the grid to earn net metering credits, it also incorporates WorldWater’s sophisticated load management technology. Solar electricity stored in batteries can be tapped if the grid fails, or used during periods when utility rates are most expensive. In the event there is no solar, battery or grid power, the system automatically triggers backup diesel generation of electricity.
Because the cost of grid electricity has risen so high over the past few years, the poultry industry is looking at solar power as a cost effective, sustainable energy source for growout contractors throughout the U.S.
Assisting at the ribbon cutting were U.S. Sen. Thomas R. Carper; Jim Rand, leader of research and development for GE Energy; David Weir, director of the Delaware Biotechnology Institute; John Hughes, secretary of the Delaware Department of Natural Resources; Charles C. Allen III of Allen Family Foods; Chris Sherring, Vice President of WorldWater & Power Corp.; Robin Morgan, Dean of UD's College of Agriculture and Natural Resources; Michael Scuse, Secretary of the Delaware Department of Agriculture; Michael Bowman, Chairman and President of Delaware Technology Park; Frank Smith, C.O.O. of WorldWater & Power Corp.; Ray Angelini, President & CEO of Ray Angelini, Inc. and Elizabeth and Harry King, who operate the farm where the house is located.
An open house for poultry growers and farmers was held after the ceremony to acquaint them with the technology and economics of solar-electric for agriculture. The poultry industry is one of the largest employers in Delaware. Some counties have the highest concentration of growout houses in the U.S.
The Delaware Green Energy Program granted $250,000 to help fund the system, the University of Delaware will monitor the project and GE Energy, the PV panel supplier, will contribute to the project evaluation study. Ray Angelini, Inc. of Sewell, New Jersey is WorldWater's installation partner.
Allen Family Foods, a third-generation family owned company, has been in the poultry business since 1919. Today it employs over 3,000 people in Delaware, Maryland and North Carolina. Along with breeding and hatching facilities, feed mills and processing plants, Allen has a farming division that produces feed grains, 28 company-owned growout farms and coordinates with 550 independent contractors that raise chicks for Allen.
GE Energy is one of the world’s leading suppliers of power generation and energy delivery technologies. GE Energy works in all areas of the energy industry, including renewable resources such as water, wind, solar and biogas. It is an industry leader in the integrated design of solar electric systems.
About WorldWater & Power Corp.:
WorldWater & Power Corp. (OTC BB: WWAT.OB) is a leader in solar electric engineering, water management solutions, solar energy installations and products. Its solar technology is at work in over 20 countries around the world. In the US, it provides solar electric, water pumping and purification technology to water utilities, agribusiness, industry, schools, communities, homeowners and emergency responders. The company is responsible for major breakthroughs in solar power technology and holds numerous solar-related patents. For more information visit www.worldwater.com. Posted by trade04 on :
i just got in today after watching the stock for sometime, i like the pace
Posted by trade04 on :
new hod coming? i feel a lot of those will be coming from now on =)
Posted by trade04 on :
I LOVE this part:
"WorldWater is actively bidding on a number of complex, multi-megawatt projects and recently won a $5.7 solar project with Bayshore Recycling, a 700 kilowatt system. We expect to announce additional large projects in the near future, some of which will leverage our expanding relationship with ENTECH. In that regard, we are continuing to finalize our merger discussions and anticipate providing further details in the near future. While this opportunity has always been considered strategically important for WorldWater & Power, we have diligently worked to construct a transaction that brings maximum value to our shareholders."
Mr. Kelly concluded, "I am excited by the growth prospects this year and stand behind the previously-announced goal of $30-$35 million in revenue, with profitability expected as production ramps up in the second half. The first quarter will be seasonally down from the fourth quarter, but the year continues to look strong. We have a record number of outstanding proposals and are taking the appropriate steps to fund our aggressive expansion. WorldWater & Power is clearly positioned for rapid growth this year - with the technology, talent, and partners in place to take advantage of the increasing demand for large, integrated solar power systems that can save energy and pave the way for a cleaner world."
Posted by 10of13 on :
yeah Trade...i think this will be the year for WWAT...it's their turn... Posted by trade04 on :
BUY BUY BUY
Posted by ullnvrknw on :
10of13?? make your mind up... One day you don;t like it next day you do
Posted by 10of13 on :
ullnvrknw? Do a search for WWAT here at allstocks...and you can see how long I have been playing this...
Posted by trade04 on :
whattup people! we looking hella good CHEERS!
Posted by trade04 on :
gappin up
Posted by 10of13 on :
this has done well the past couple of days..slow gains...I like it!!!
Posted by ullnvrknw on :
Fresno has to be factor in this price already... I'm guessing we close down .02 today
Posted by ullnvrknw on :
On Tuesday, April 10, 2007, the Fresno City Council will consider a large solar power generating project planned for Fresno Yosemite International Airport. The solar project will cover approximately 25 acres and is just one of the City’s latest initiatives as an environmental leader to improve sustainability and energy efficiency. The Airport solar project will be the single largest solar installation at any airport in the country.
Mayor Autry stated, “This project further establishes Fresno as a national leader amongst municipal governments in the innovative use of renewal energy and protecting the environment.”
The Airport solicited proposals from the solar energy industry and subsequently completed negotiations with World Water & Power Corporation to install, operate, and maintain a 2 megawatt solar power generating system. This project will provide up to 40% of the Airports annual power consumption through the use of 100% renewable energy sources. The Airport will save approximately $12.8 million in energy cost over a 25 year period. World Water & Power expects to complete the solar project in the spring of 2008.
The Airport will be able to take advantage of the California Public Utilities Commission (CPUC) renewable energy incentive programs, which are administered by PG& E. These programs, known as SGIP for 2006 and CSI for 2007 offer financial incentives to customers who install generation facilities that contribute to their energy needs.
“This is truly an exciting opportunity for the City’s environmental efforts,” stated Council President Henry T. Perea. “I am extremely supportive of solar energy, and have eagerly anticipated moving forward with this project.”
Mayor Autry and Council President Perea will be rolling out “Fresno Green: The City of Fresno’s Strategy for Achieving Sustainability in recognition of this year’s Earth Day. This plan will include the Airport’s solar project as well as over 20 strategies for positioning Fresno as a good steward of the earth’s natural resources and a leader in sustainable policies.
Posted by trade04 on :
WorldWater & Power Announces Award of 20-Year Solar Electric Power Purchase Contract for Fresno Yosemite International Airport Thursday April 12, 7:30 am ET Two Megawatt Project Valued at $16 Million
PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Power Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that it has been awarded a 20-year solar electric power purchase contract by the Fresno City Council for the sale of solar electricity from a 2 MW state-of-the-art solar electric power system to be located at the Fresno Yosemite International Airport. This project represents the largest solar electric project at any airport in the United States. WorldWater will design, build and operate the solar system over the 20 year contract. Fresno solicited proposals from a number of potential providers and subsequently chose WorldWater & Power to install, operate, and maintain this solar array - which is expected to eventually provide up to 40% of the airport's annual power consumption. In total, Fresno is projected to save nearly $13 million in energy costs over 25 years. WorldWater expects to complete the installation by early 2008, making Fresno a leader in utilizing renewable sources to reduce its energy costs and protect the environment. ADVERTISEMENT
"This is a major achievement for WorldWater and follows on the heels of last year's record revenue," commented Quentin T. Kelly, Chairman and CEO of WorldWater. "We won the competitive bid, validating our expertise, experience and advanced technology. We are extremely pleased with the decision of Fresno to take advantage of WorldWater's system to maximize energy performance, resulting in long-term savings for the people of California."
About WorldWater & Power Corp.
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
Contact: WorldWater & Power Jessie Sullivan, 609-818-0700 ext. 20 JSullivan*worldwater.com or Press: Mike Breslin Productions LLC Mike Breslin, 201-652-1287 mbrez*aol.com
-------------------------------------------------------------------------------- Source: WorldWater & Power Corp.
Posted by trade04 on :
weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Posted by 10of13 on :
Beautiful!
Posted by 10of13 on :
Push trough that .80 and this would be real sweet!
Posted by trade04 on :
it was very strong pushing to 81 cents, as i expected! for anyone looking to get in would probably have luck bidding at .775 jmo
Posted by 10of13 on :
May 2, 2007 - 10:58 AM EDT
WorldWater & Power Announces Name Change Move Reflects Leadership in Solar Solutions
“WorldWater & Solar Technologies Corp.”
WorldWater & Power Corp. (OTC BB: WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that the Board of Directors has approved a change in its corporate name to WorldWater & Solar Technologies Corp. The stock symbol WWAT.OB remains the same.
The new name reflects the company’s growing leadership role in producing, installing, and servicing some of the largest, most advanced solar powered solutions available today – with patented, high-powered technology that delivers renewable energy on a cost-effective basis.
“Our company has grown and, with it, our reputation in the market for providing state-of-the-art adaptive technologies for renewable solar power,” stated Quentin T. Kelly, Chairman and CEO. “With revenue expected to nearly double in 2007, we recognized the time was right to highlight the engineering advances that make us uniquely qualified for large solar projects, which can provide substantial savings for clients in future energy expense while often addressing water supply requirements. This year continues to be one of transformation – and our new name reflects that.”
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corp. is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com. Posted by ullnvrknw on :
WorldWater & Solar Technologies Announces First Quarter Results Company on Track for Record-Setting Year
WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced results for the first quarter ended March 31, 2007. Revenue for the first quarter was $0.9 million, with gross profit of $0.2 million.
“We continue to be very excited about prospects for 2007, even as the first quarter showed declines versus last year on a revenue and bottom line basis due to contract timing,” said Quentin T. Kelly, Chairman of WorldWater & Solar Technologies Corp. “Gross margin improved to 21.0% from 6.7% in the first quarter of 2006, but revenue fell as WorldWater put in place a new strategy to pursue larger megawatt and multi-megawatt contracts – which take longer to bid and negotiate, with greater lead times for production and installation. However, as was recently announced, WorldWater won its largest project ever in the quarter – a $16 million, 2 megawatt system for Fresno Yosemite International Airport, which is now in pre-engineering and will result in substantial revenue for the company during the second half of 2007. In addition, we are actively bidding on numerous large projects and hope to announce additional contracts as soon as possible.
“We see sequential improvement in revenue every quarter this year, and the company is maintaining its full-year sales guidance of $30-$35 million – at least doubling our full year production to approximately 5 megawatts. Revenue will be concentrated in the third and fourth quarters, similar to last year, and we remain on track for profitability.”
Mr. Kelly continued, “In line with our rapid growth, we recently announced that the company’s name had changed – which we view as appropriate given our increasing leadership in providing state-of-the-art adaptive technologies for renewable solar power. We are leveraging our expertise to build and install some of the largest, most advanced solar solutions worldwide. As the need for renewable energy shows no signs of abating, our cost-effective solutions are being very favorably received in the market.
“Lastly, let me just add that while WorldWater is well positioned for strong growth this year, our discussions with ENTECH continue. We will keep our shareholders informed as appropriate going forward. In closing, let me remind everyone that our Annual Meeting is May 24; we look forward to seeing you then.”
Financial Results
Revenue for the first quarter was $0.9 million, compared with $2.0 million reported in the first quarter of 2006. Gross profit for the quarter was $0.2 million, versus $0.1 million in the prior-year period. The net loss for the first quarter of 2007 was $2.1 million, or $(0.01) per share, compared to a loss of $3.6 million, or $(0.03) per share, in the first quarter of 2006.
About WorldWater & Solar Technologies Corp:
Posted by 10of13 on :
Small gap up...
May 21, 2007 - 3:50 PM EDT
WWAT 0.60 0.00
WorldWater & Solar Technologies Names Scott Albertson New VP of Production PENNINGTON, N.J., May 21, 2007 (PRIME NEWSWIRE) -- WorldWater & Solar Technologies Corp. (OTCBB:WWAT), developer and marketer of proprietary high-power solar systems, today announced that, effective immediately, Scott Albertson has joined the company as Vice President of Production. Mr. Albertson, who previously served as a consultant to WorldWater for several months, has over 20 years experience in manufacturing operations, including with British Petroleum (BP) and Corning. In his last position at BP, he was Vice President of Procurement, Logistics, and Supply Chain Management for the company's Crystal Silicon operations.
"We felt it was imperative to bring Scott on as a full time employee given our need for manufacturing expertise as we ramp up production for the larger systems being installed this year," stated Quentin T. Kelly, Chairman and CEO. "As we take WorldWater to the next level in designing and supplying some of the largest solar systems in the market, Scott's experience will prove invaluable to our organization."
Scott Albertson
Mr. Albertson has been a manufacturing consultant since 2004, providing strategic counsel to companies experiencing rapid growth in their operations. Prior to this, he served as Vice President of Procurement, Logistics, and Supply Chain Management at British Petroleum (BP), overseeing the company's Crystal Silicon operations worldwide. He had previously been Vice President of BP's Thin Film Technologies business, heading up the Technology and Engineering group and managing two thin film solar plants (one utilizing Amorphous Silicon, the other Cadmium Telluride). Prior to coming to BP in 1998, Mr. Albertson was with Corning, where he had served since 1987 in roles of increasing responsibility within the manufacturing group of the Environmental Division.
Mr. Albertson graduated from the U.S. Naval Academy with a B.S. in engineering and math, and a concentration in operations analysis. He spent seven years with the USMC Special Forces before starting with Corning.
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
A little volume on this...moving up slowly...
Posted by 10of13 on :
Up 10% today.... .72 Posted by 10of13 on :
May 29, 2007 - 7:03 AM EDT
WorldWater & Solar Technologies Announces Signing of New Letter of Intent with ENTECH Parties Anticipate Closing During Summer
WorldWater & Solar Technologies Corp. (OTC BB: WWAT) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today announced that Chairman and CEO Quentin T. Kelly and ENTECH, Inc. Vice President - Corporate Business Robert R. Walters signed a final Letter of Intent defining the terms for the acquisition of ENTECH, Inc., developer and manufacturer of advanced solar concentrating technology. The definitive agreement is expected to be completed before the end of the second quarter, with closing scheduled soon thereafter. As part of the agreement, WorldWater will pay ENTECH shareholders $6.3 million in cash consideration along with $12 million in WorldWater common stock. The deal also includes earn-out provisions for ENTECH’s stockholders and management if certain performance benchmarks are met. Additional terms were not disclosed.
“We greatly appreciate our shareholders’ patience as we worked hard to structure an appropriate transaction this past year,” stated Quentin T. Kelly, Chairman and CEO. “While it has clearly taken longer than expected to finalize the terms of this important acquisition, we remain very excited about the opportunities that ENTECH brings to WorldWater. ENTECH’s solar concentrator technology greatly enhances the efficiency of large solar applications, utilizing 95% less silicon to generate power than required by conventional flat plate solar modules. As a combined entity, we can provide solar systems capable of generating and delivering electrical and thermal energy at a price competitive with the grid – even before rebates. We have been working with ENTECH on a number of megawatt and multi-megawatt RFPs and look forward to consummating this transaction in the very near future. This is an exciting time for our two companies.”
Posted by T e x on :
action here...
Posted by 10of13 on :
Up 11.5%... Posted by ullnvrknw on :
$1 easy after contract announcement with Entech
Posted by fourseven on :
The recent news explains the buildup we've already seen..
This stock's been good for swing trading the last few weeks.. for those with great luck and impeccable timing (not me )
Posted by 10of13 on :
May 30, 2007 - 7:02 AM EDT
WorldWater & Solar Technologies' CEO Travels with Governor Schwarzenegger on Trade Mission to Canada WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that Quentin T. Kelly, WorldWater Chairman and CEO, is traveling in Toronto and Vancouver this week with California Governor Arnold Schwarzenegger on the Governor’s Trade Mission to Canada from May 29 to May 31. He will also participate in the California-Canada Conference on Clean Technologies in Vancouver.
Mr. Kelly was invited by Governor Schwarzenegger due to the Company’s leading role in building prominent solar energy projects in California, including the recently-announced Fresno airport solar complex as well as the largest solar-powered agricultural system in the world and only self-sustaining water utility.
“The Governor has been a leader in promoting clean, renewable energy alternatives, and our work in California has demonstrated the impact that solar applications can have in reducing power consumption, protecting the environment, and addressing agricultural requirements,” Mr. Kelly said. “We look forward to bringing our same technology to Canada, which has shown a sincere dedication to reducing its reliance on traditional energy sources and improving the environment.”
About WorldWater & Solar Technologies Corp.
Posted by ullnvrknw on :
I see now its all love for this stock 10of13
Posted by 10of13 on :
LOL...always has been... Posted by ullnvrknw on :
.75, can't complain
Posted by ullnvrknw on :
How many do you actually have without blowing smoke up your ass(adding 50k to your position)
Posted by SherriT on :
Doing very nicely!
Posted by 10of13 on :
I'd be surprised...(but very happy) if we broke and held above .80 today!
Posted by ullnvrknw on :
One day a man named ullnvrknw came to this board and repeated to buy all you can at .30,.20 and then .14. It was a bumpy ride but a ride that came to glory. Now i tell you to hold all you have and do not be tempted to take your profits at $1 but at $4.
Posted by 10of13 on :
There's a couple of gaps from the past 10 days or so that may need to be filled before it climbs much higher...around .65 and again around .58 take a look at the chart... GLTA!
Posted by 10of13 on :
up almost 12% (.78)...will we get 80?
Posted by 10of13 on :
Whoo hooo....80!!! Posted by fourseven on :
Nice, just broke .80 ... congrats folks.
Posted by 10of13 on :
It's movin' now!!! .835!
Posted by ullnvrknw on :
haha
Posted by Mortimer on :
Nice, new 52wk high!
WWAT is the smallest hand in my portfolio right now - 2k shares, but I'm glad that at least I've got a toe in the pool! If this thing closes strong, it may be time to shuffle the deck a bit.
GO!
Posted by ullnvrknw on :
Don't you sell now 10of13
Posted by 10of13 on :
LOL...I never sell completely out of this one...but I do flip some shares...!!!
quote:Originally posted by ullnvrknw: Don't you sell now 10of13
And news...
May 30, 2007 - 1:03 PM EDT
WorldWater & Solar Technologies to Feature `Eco Raft' at Pacific Economic Summit in Vancouver Led by Brett Rogers and Crew of Naturalists, Raft will Travel 500 Miles Down Yukon River with Solar for Power and Water Purification
Co-sponsored by Waterkeeper Alliance to Highlight Climate Change Dangers
PENNINGTON, N.J., May 30, 2007 (PRIME NEWSWIRE) -- WorldWater & Solar Technologies Corp. (OTCBB:WWAT) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today announced that it will display the "Eco Raft" in Vancouver, Canada, at the Pacific Economic Summit on May 31. The raft will be seen at the California State Delegation Exhibit and will utilize WorldWater's solar power and water purification for the "Eco Raft -- Ideas for a Sustainable Future" that will make a six-week, 500-mile trip down the Yukon River starting in mid-June.
Eco Raft was conceived to raise public awareness about critical issues surrounding a sustainable future -- clean air, clean water and sustainable harvesting of natural resources. The raft, built with timber destroyed by forest fires and other natural events will manned by a crew of naturalists led by Brett Rogers. The Waterkeeper Alliance of Canada, allied with Waterkeeper Alliance led by Robert F. Kennedy, Jr., is co-sponsoring the raft trip.
The Waterkeeper Alliance has more than 125 member organizations worldwide focused on maintaining our ability to safely swim, drink, and fish in local waterways as hallmarks of clean water. Waterkeepers patrol local water bodies to address community concerns, identify threats to clean water, and make use of the legal and democratic processes designed to protect water quality.
Posted by SherriT on :
Very nice play - 10, I know this is one of your favorites - congrats all!
Posted by 10of13 on :
Gathering some $ for FCCN Sherri...just not sure that one will wait for me...it's looking pretty strong!
Posted by SherriT on :
If you keep making plays like WWAT, you'll have plenty of profit to move to FCCN. Wish I would have gone ahead and played this one today though...an extra 20% would have bought more shares LOL!
(Volume on it has quadrupled in the last 5 days of trading too...)
Posted by 10of13 on :
It is so hard to NOT hit that SELL...it just keeps going... (I already protected my capital...so all is good!)
Hopin' for a VERY STRONG close!
Posted by SherriT on :
quote:Originally posted by 10of13: It is so hard to NOT hit that SELL...it just keeps going... (I already protected my capital...so all is good!)
Hopin' for a VERY STRONG close!
Looks like you are getting it.... Posted by 10of13 on :
Whoo Hoo!!! .90!! Goooo BABY! GOOOO!
Posted by 10of13 on :
AWESOME!!! Posted by SherriT on :
Lots of nice buys at the close for .91 - looks GREAT for a gapper!
Hmmm...to sell or not to sell.... Posted by TimW on :
Be like me... sell it a couple months ago at .62 Posted by ullnvrknw on :
Will $1 be hit today is the question? I think so
Posted by 10of13 on :
quote:Originally posted by SherriT:
Hmmm...to sell or not to sell....
Guess what I did? but I'll be back... Posted by Mortimer on :
quote:Originally posted by 10of13: Guess what I did? but I'll be back...
Right behind you 10. Chart gotta cool down a bit.
Posted by ullnvrknw on :
I feel bad for you two. This is going over $1 easy.. Still holdijng alllllll of it
Posted by 10of13 on :
Ullnvrknw... Don't feel bad for us...first i seldom ever sell out of this completely...second...I sell high...wait for a pull back and then buy back in at a lower PPS...increasing the amount of shares...Call it flipping...call it swinging...but with these pennies..it is ALWAYS good to protect your capital...
We all play it different...so cheers for holding and cheers for taking profits... Now Go WWAT! Posted by Mortimer on :
Yup, I want more shares without adding more $. As Arnold once said, "I'll be baaack". I need to shoot him an email and thank him for his efforts in supporting this technology.
Posted by ullnvrknw on :
This one is not pulling back, watch!!!
Posted by ullnvrknw on :
here guys... yahoo's board is much better. A poster found this bid entered by WWAT. Looks like they will win it. http:/messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=tm&bn =38976&tid=6128&mid=6128&tof=3&frt=2
Now buy back tomorrow and thank me later
Posted by ullnvrknw on :
add a / to the http:/
Posted by 10of13 on :
Link doesn't work... But after a rise like this just had...it needs to have a correction...IMO...if not...then let's keep going and we will chase...LOL
Posted by T e x on :
quote:Originally posted by ullnvrknw: add a / to the http:/
or...
post a good link in the first place--or second place Posted by 10of13 on :
Tex? the "first place" was said: "yahoo's board is much better.." There is no need for a second place...LOL
The chart is looking a little bearish to me...but eh...what do I know...?! My chart reading skills suck!
Posted by ullnvrknw on :
bearish? It's at all time highs.... Just trust me and buy it. You had doubts at the lower levels and i told you to stay focused. This one is no way near done yet. Go on yahoo and his name is soccertease. look under his posts, you have to go back one page to find the orginal
Posted by 10of13 on :
WWAT DOES APPEAR TO BE A GOOD STOCK... And i hope that it will be much like ESLR...time will tell...but your earlier post of $4? I am hoping for more than that...over a years time or so... AGAIN..I LIKE WWAT...
Posted by T e x on :
"Just trust me and buy it. . ."
lol...
Posted by 10of13 on :
It's trying....885
Posted by 10of13 on :
keeps "bouncing off" of .860...perhaps that will be our new support...today should tell
Posted by 10of13 on :
ullnvrknw Here comes your $1... ask is at .97
Posted by 10of13 on :
$1.00 Posted by fourseven on :
Man, I've been watching this one since .56 ... don't have any free funds
But gosh darn it, looks like a good ride up Posted by SherriT on :
10 must have been shaking her money maker - LOL!
Congrats all!
Posted by 10of13 on :
Whoo hoo... 1.07!!!
Posted by 10of13 on :
1.10...and still buying pressure..SWEET!
Posted by ullnvrknw on :
10 i thought you sold it??? Your out ,don't cheer like you have it.
Posted by 10of13 on :
Go back and read...LOL And even if I was out...nothing wrong with cheering... Posted by 10of13 on :
Great chance of closing at HOD!! 1.12!!!
Posted by fourseven on :
Outstanding day for this stock, folks. Closed strong, and most of the day's volume was during the last two hours. This bodes well for the future Posted by ullnvrknw on :
Guess what I did? but I'll be back... on the 31st by you 10of 13
Posted by ullnvrknw on :
also... Ullnvrknw... Don't feel bad for us...first i seldom ever sell out of this completely...second...I sell high...wait for a pull back and then buy back in at a lower PPS...increasing the amount of shares...Call it flipping...call it swinging...but with these pennies..it is ALWAYS good to protect your capital...
We all play it different...so cheers for holding and cheers for taking profits... Now Go WWAT!
Posted by 10of13 on :
LOL...so what are you trying to say? Can you read? Now can you understand what you are reading?
"first i seldom ever sell out of this completely."
and then there is
"wait for a pull back and then buy back in "
And then we have
so cheers for holding and cheers for taking profits
ullnvr...you seem to have a problem with me...not sure what it is...but would be nice if you could work through it and lighten up... GLTY!
quote:Originally posted by ullnvrknw: also... Ullnvrknw... Don't feel bad for us...first i seldom ever sell out of this completely...second...I sell high...wait for a pull back and then buy back in at a lower PPS...increasing the amount of shares...Call it flipping...call it swinging...but with these pennies..it is ALWAYS good to protect your capital...
We all play it different...so cheers for holding and cheers for taking profits... Now Go WWAT!
Posted by Livinonklendathu on :
Posted by 10of13 on :
Livin...can I have some of that?
Posted by a surfer on :
ulln concentrate on the stock at hand and not others........ you'll live longer.
Posted by Livinonklendathu on :
Of course!
Posted by 10of13 on :
LOL..thanks for sharing!!
Posted by ullnvrknw on :
a surfer?? If concentrated on the stock as i have you would be that much richer....
Posted by a surfer on :
quote:Originally posted by ullnvrknw: a surfer?? If concentrated on the stock as i have you would be that much richer....
LOL Don't worry about me.....
Posted by Lockman on :
ullnvrknw you attend public schools growing up?
Posted by 10of13 on :
Posted by 10of13 on :
premarket action...1.12-1.13
Posted by 10of13 on :
Is this worth buying at say .75?
Posted by 10of13 on :
Lockman...you know the saying...don't buy any stock that someone else tells you to... I will be buying more of this one...I've followed it for over a year...I am not buying it for a play...or quick gain...I think that it is a good stock...and will continue to rise...slowly...which is a good thing... The quick rises..like this just had? almost always bound to pullback...
Posted by 10of13 on :
ARCA keeps sitting on the bid with HUGE orders...
Posted by 10of13 on :
And then it moves up? HMMMM
Posted by Mortimer on :
I missed out on yesterdays gains, but I can't believe I snuck in at low of day today as I thought the days of under-a-buck were over after yesterdays action.
This thing still really needs to cool off a bit for my taste, so I'll probably be out by EOD as well. I agree as well that we will continue to see this rise slowly and playing it while it goes along will be a good learning experience for me, mainly chart reading.
Looks like they are wanting to increase the number of Common shares...hmmmm
Posted by Mortimer on :
quote:Originally posted by 10of13: Looks like they are wanting to increase the number of Common shares...hmmmm
And reverse stock split.
Posted by 10of13 on :
Don't quite get it all Mort...but it sounds like it would give them "the option" of a stock split...almost as if they don't have it right now...and this date isn't until the middle of July... The total issued and outstanding shares of common stock, $.001 par value per share (the “COMMON STOCK”), as of May 25, 2007 consisted of 165,656,319 shares.
They need more funds to complete the acquisition of ENTECH...at least that is what I am getting...
Posted by 10of13 on :
even with that filing this is up over 11% today... 1.17!!!
Posted by Mortimer on :
Out yesterday 1.12 +14% Back in today 1.05 Giddyup.
You having fun too 10?
Posted by 10of13 on :
Fun? 1.24...is allot of fun!!! LOL
Posted by Mortimer on :
quote:Originally posted by 10of13: They need more funds to complete the acquisition of ENTECH...at least that is what I am getting...
That or maybe there is something good brewing that is not fully known yet but let's put more shares on the table first?
I'm out for the day 1.23 I keep setting a buy-back-in price based on my reading that this thing needs time to "re-straighten its tie after a quickie in the stockroom" (i.e. go sideways for a bit). It's pulled me back in the last two days so far; we'll see what happens tomorrow.
Posted by 10of13 on :
Looks like you made a good call Mortimer... I don't have any flipping shares at the moment... (let me make this clear to some posters...i don't have any flipping shares...does not mean i don't have any shares...just not any to "play with"...only my "invested" shares...as in ones that I keep...don't selll...hang onto... )
Posted by ullnvrknw on :
I don't know about you but im getting use to these .20+ moves. I have to come back to reality for a second. Still holding alllll of it. You have seen nothing yet. Mortimer??? Big big mistake. if this thing drops to 1.10 i would thank god and buy it all back
Posted by Lockman on :
1.265 x 1.27 Man this is a nice stock!
Posted by Mortimer on :
quote:Originally posted by ullnvrknw: Mortimer??? Big big mistake.
?? Even if I bought back in today at 1.25 with my initial investment plus the flip gains the last couple days, it would allow me to add 1082 extra shares. Even so, we should all make our own decisions here right? If we do good or bad, it's our own fault.
GTLA!
Posted by Lockman on :
1.005 x 1.01
What's going on here? Just a bounce or downtrend?
Posted by ullnvrknw on :
The rookie street doesn't know how to break down news.. Kelly the ceo sold option the 30th of May i think totaling just over 30k. The thing is those options expired the 31st of May. He had to cash them in or they would go worthless.
Posted by Mortimer on :
Bought some shares today (.97). Will this test .90?
Posted by 10of13 on :
Mortimer? I'm going to hold off another day or so and see what it does...I am almost thinking that .70 or so may show...for you I hope not...but for me? I hope so... Posted by Mortimer on :
Indeed, waiting a couple days is a good move as well. I felt getting a foot in the door on todays dip is a good step for me. I will for sure increase my position if it continues red the next couple days, but I think it needs to hold .91ish to solidify progress of the last run.
.70 would really push my "investor confidence" but high .7's not as much and I'd feel a bit more gamey to play this thing. Haha, investor confidence, gamey, and play in the same sentence - no comment.
Posted by 10of13 on :
LMAO!!! Haha, investor confidence, gamey, and play in the same sentence - no comment. Posted by 10of13 on :
Mortimer...you should be green now...LOL Looks like today it creaps back up...
Posted by 10of13 on :
up over 12% today...
Posted by ullnvrknw on :
Do you guys know anything?
As of the date of this Schedule 13D, each reporting person beneficially owns 16,682,500 shares of Common Stock, which are held of record by the Trust.
(b) Each of David Gelbaum and Monica Chavez Gelbaum, acting alone, has the power to exercise voting and investment control over the shares of Common Stock owned by the Trust.
(c) Since April 6, 2007, the Trust has purchased the following shares of Common Stock in brokered transactions as follows:
Date
Number of Shares
Price Per Share
05/30/07
1,200,000
$0.83
05/31/07
1,000,000
0.89
06//01/07
710,000
0.88
06/04/07
2,290,000
1.03
06/05/07
1,200,000
1.09
06/06/07
850,000
1.15
Posted by 10of13 on :
That would explain the increase over the past month or so...
Posted by invester on :
Just bought 1000 for my I.R.A. This looks like a long term growth story.
Posted by 10of13 on :
So investor the "meeting in July" about shares and what not...doesn't concern you?
I do agree i like WWAT...just not sure i like all the stuff set for the meeting in July...
Posted by ullnvrknw on :
When you have David Gelbaum averaging up and buying as high as 1.15. You can bet the house this one is going much higher.
Posted by 10of13 on :
Looks like they had a filing a form s-8 POS? it is from the 14th... Looks like they are going to add a few shares...did anyone else read it? this is from that filing..
"...filed by WorldWater on or about June 14, 2007, with the Securities and Exchange Commission to effect the registration of 18,000,000 shares of common stock of WorldWater under the Securities Act of 1933, as amended (the "Act") for issuance under the Plan"
Posted by ullnvrknw on :
I smell another run coming
Posted by Mortimer on :
Good nose, ullnverknw.
Good day today. Looking forward to seeing how this run plays out.
Posted by ullnvrknw on :
This nose has been right since .14...185k and holding every share...This isn't one of those scam runs. It's legit
Posted by 10of13 on :
2 nice days in a row... Posted by hedfe on :
got 2k at 1.34 on the dip, lets rebreak the 52 week high Posted by ullnvrknw on :
This will never see sub $1 again
Posted by ullnvrknw on :
holy ****!!!!!!!!!!! they can't get enough of it
Posted by ullnvrknw on :
damn 10of13, sold huh? Told you to just sit tight. This one is going to $3 by the end of the year.
Posted by 10of13 on :
LOL...NOPE...I'm still here...
Awesome week here!
Posted by ullnvrknw on :
It's running again.... up .6 already
Posted by a surfer on :
fiii... 3.3M traded at 10:40.. this baby is moving up to a different league altogether Posted by ullnvrknw on :
Gelbaum bought another 400k shares at 1.44
Posted by ullnvrknw on :
$1.60 in germany...... 1.58 bid premarket here already and its 8:45
Posted by 10of13 on :
Sweet!
Posted by ullnvrknw on :
look at this go
Posted by kywee on :
Picked some up here
Posted by TimW on :
Tripled my position today. Doesnt look like its stopping anytime soon.
Posted by fourseven on :
out-fkin-standing.. it's doing really well today..
Posted by kywee on :
Going crazy here EOD
Posted by ullnvrknw on :
what a stock
Posted by kywee on :
Volume is pouring in. A good chance for a gap up in the AM.
Posted by kywee on :
New HOD's EOD is another good one.
I'm still riding from 1.75 from this morning.
GL :]
Posted by kywee on :
Beautiful
Posted by ullnvrknw on :
still going up after hours
Posted by TimW on :
quote:Originally posted by TimW: Tripled my position today. Doesnt look like its stopping anytime soon.
Take that back, sold out right before close.
Posted by ullnvrknw on :
over $2 open tomorrow... they were crossing the market up the last 5 mins
Posted by kywee on :
I'm looking for a strong open. When I look at the chart linearly it seems that this stock has not seen price movement like this in a while, so I don't have a concrete idea as to what might happen.
Posted by kywee on :
I like the weekly 6 month chart also. The last few weeks are strong.
Posted by ullnvrknw on :
WWAT is trading at $2 in Germany, as high as $2.12
Posted by ullnvrknw on :
WWAT is trading at $2 in Germany, as high as $2.12
Posted by ullnvrknw on :
WWAT is trading at $2 in Germany, as high as $2.12
Posted by kywee on :
Looking good so far. Anything can change in the next 30mins.
Posted by ullnvrknw on :
A healthy pull back. Should go down to about 1.63 before its over
Posted by kywee on :
Wow what a ride. I held from yesterday and rode it all the way down and saw the double bottom bounce and rode it back up to 1.935.
Cashed out at 1.92
I still see it going up, but I wanted to secure my position.
GL all :]
Posted by ullnvrknw on :
only thing to explain this action is a hostile takeover is coming
Posted by kywee on :
Can you explain a hostile takeover please?
Posted by ullnvrknw on :
The buyer buys the stock in the openj market as so and after he attains 51% of the stock he offers a price for the rest of the shares
Posted by kywee on :
Ah ok, thank you.
Posted by ullnvrknw on :
insider sell at 1.50 for 525k BUT GELBAUM bought another 2.2 million as high as 1.74 on 7/2
Posted by ullnvrknw on :
Thursday July 5, 3:00 AM EDT
PENNINGTON, N.J., Jul 05, 2007 (BUSINESS WIRE) -- WorldWater & Solar Technologies Corp. (WWAT.OB) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today announced that the Company and ENTECH, Inc. have begun engineering procedures for the manufacturing line of ENTECH panels at their headquarters in Keller, TX for delivery of product in early 2008. Full closure of the acquisition of ENTECH by WorldWater cannot take place until new shares are authorized at the forthcoming Special Shareholder meeting anticipated in late August/September 2007.
"We are together in our efforts to meet manufacturing goals and timelines," said Quentin T. Kelly, Chairman and CEO of Worldwater & Solar Technologies Corp., also speaking for Dr. Walter Hesse, CEO of ENTECH, Inc. "We are undertaking these actions in anticipation of the closing by end of summer."
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
About ENTECH, Inc.
ENTECH provides advanced solar energy technology for a variety of applications, ranging from daylighting systems for commercial buildings to solar power arrays for spacecraft. The company's patented solar power systems produce electricity from sunlight for applications on Earth (terrestrial power) and in space (spacecraft power). ENTECH's Fresnel lenses capture sunlight and focus it onto small solar cells, thereby reducing electricity costs compared to conventional flat-plate (planar) solar energy approaches. Additional information can be found at www.entechsolar.com. Posted by ullnvrknw on :
10of13 im guessing if you still have any it's is 100 shares. Your not on this stock any more. We all make mistakes and sell to early.
Posted by 10of13 on :
ya that's it... How'd ya know ullnvrknw? Posted by TimW on :
Im surprised its going up on that news still.
We pumped this stock into a dillution PR... and people still love us!
Posted by kywee on :
Picked up some shares here.
Looking for a strong close and higher Friday AM.
Posted by kywee on :
Well, gapping down...
Posted by TimW on :
And down...
Posted by a surfer on :
Moving back up!
Damn I was going to buy yesterday when she was in the 1.40's
Posted by kywee on :
Caught my eye again. Might try to flip this for 10%
Posted by ullnvrknw on :
Weak hands out. Back up we go
Posted by a surfer on :
gapping to 1.79
Posted by 10of13 on :
Surfer? did you jump in this and that is why it fell? LOL
Posted by ullnvrknw on :
perfect consoliation...Now get a contract release out already!!!!!!!!!
Posted by 10of13 on :
July 12, 2007 - 3:00 PM EDT
WorldWater Breaks Ground for Country's Largest Airport Solar System at Fresno Yosemite International 2-Megawatt, $16 Million Dollar Project Projected to Provide 40% of Airport’s Annual Power
WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today held an official groundbreaking ceremony for the construction of a large scale solar electric system at Fresno Yosemite International Airport. The 2-megawatt installation is scheduled for completion by early 2008 and will be operated by WorldWater under a 20-year power-purchase contract awarded by the Fresno City Council. It is the largest solar project at any airport in the United States.
At the ceremony, Russ Widmar, Fresno Aviation Director said, “This is an exciting day for an airport that prides itself as a leader in technology. Our new solar system should save the airport about $13 million dollars over the next 20 years as well as help protect the environment with a major renewable energy source.”
Frank W. Smith, WorldWater’s Chief Operating Officer also commented, “Solar is the ideal power solution for airports. Approximately five acres of raised solar panels will not only provide electricity but shade for rental car lots. An additional 20 acres of ground mounted photovoltaic arrays were approved by the FAA for installation in a portion of the airport’s approach zone where occupied structures are not allowed, so otherwise unused real estate becomes a valuable asset.”
Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies Corp. commented on the event from the company’s headquarters in New Jersey. “This is an important milestone for solar in the United States and reflects our strengths as a company. We can design and build large scale, technologically efficient systems on fast-track schedules under power purchase agreements that require no out-of-pocket cost for the customer. The customer saves substantially on long term electric costs and we manage the system. It’s a formula for success!”
Fresno Yosemite International Airport is the major air transportation center for the City of Fresno and the San Joaquin Valley region. In 2006, it connected over 1.2 million passengers to destination throughout the United States as well as to Mexico
Posted by 10of13 on :
Getting some attention now...
Posted by 10of13 on :
Moving nice into the close!
Posted by 10of13 on :
coming up to 52 week high...
Posted by 10of13 on :
New HOD...
Posted by 10of13 on :
There's the 52 week high!!! Let's bust it!
Posted by 10of13 on :
Hmmm...buys above ask...and they don't move the bid/ask...
Posted by ullnvrknw on :
no pull in...$2 for sure
Posted by ullnvrknw on :
Here comes $2
Posted by 10of13 on :
Nope...no 2 today...but oh so close!!! Nest week!
Posted by 10of13 on :
July 18, 2007 - 12:44 PM EST
WorldWater & Solar Technologies Announces Signing of Letter of Intent for Large Solar Farms in Spain WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that the Company has signed a Letter of Intent with M&G Promociones de Vivienda Urbana S.A., a real estate developer in Spain, to build several solar farms in Lorca (Murcia), Spain over the next five years. The contract to be negotiated will reflect plans by M&G to build three 10-MegaWatt (MW) farms over the next three years, with implementation starting in 2008 – 10MW each year – along with two 50MW farms in the fourth and fifth years. Negotiations will begin within weeks in Madrid to conclude the contract, which will be subject to conditions including financing, licensing and other commercial and permitting issues.
“This Letter of Intent represents a new phase of growth for WorldWater,” stated Quentin T. Kelly, Chairman and CEO. “WorldWater has been chosen to provide complete turnkey systems and support for these massive solar electric farms in Spain, where renewable power is expected to provide long-term energy solutions with minimal environmental impact. We look forward to announcing the final terms of this agreement and see this as a transformational event for our company – validating both our technology and leadership in the industry. We expect to incorporate the solar concentrator technologies of both ENTECH, Inc., the firm we have signed a Letter of Intent to acquire, and EMCORE Corp., the company which invested in WorldWater last year to terrestrialize its space technology, in these multi-megawatt projects.”
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
About M&G Promociones de Vivienda Urbana S.A.
With head offices in Madrid, M&G Promociones (CIF A81968018) is a real estate development company with principal land and housing development projects in Madrid, Valencia and Murcia provinces.
Posted by 10of13 on :
Moving... let's see if we break and stay above $2!!
Posted by ullnvrknw on :
It's a billion dollar deal... 8 mill per mega
Posted by 10of13 on :
Yes...$2!!!
Posted by RagingBull on :
that explains all the insiser buying i wish i would of got in on this one earlier this could be huge imo
Posted by 10of13 on :
2.25 Wall may be the one to break today...
Posted by ullnvrknw on :
this could be a $5 stock easy
Posted by 10of13 on :
New HOD...2.25...Hold......or rise!!! Scratch that...2.26
Posted by ullnvrknw on :
way under valued still
Posted by 10of13 on :
Agreed ullnver... I say we may have a gapper...in the am...
Posted by 10of13 on :
Day traders getting out...pulling back...but still a great day and closing GREEN!!!
Posted by RagingBull on :
perfect time to buy at end of the day
Posted by TimW on :
Careful, huge email pumps going around for it.
Posted by 10of13 on :
Serious Tim? I haven't seen any... Still great news today!... Posted by TimW on :
Dont mean to scare anyone just saying be careful especially on these huge gains.. the emails i've had in my emails are from jonto*pisoperfecto.com, drpt1*yahoo.de, and my favorite pumper bulls in advantage.
Posted by ullnvrknw on :
It's up on news moron not email pumps... Nice try
Posted by ullnvrknw on :
Here this came out on the 18th...http://journals.aol.com/hilaryonstocks/hilaryonstocks/
Posted by TimW on :
Just said be careful on the large gains with this one, dont twist the words to be anything more than it reads.
Posted by a surfer on :
There is a huge difference in pumps out there. some are legitimate and some are P+D.
IMO this is one is far from being a pump and dump.
SWRI was a good example of a P+D.
I am kicking myself for not looking more into this co. 3 months back when I first saw this.
As it stands I bought a few last week on a semi-dip and will continue to add as I see fit.
I don't have to watch daily and I feel comfortable holding this.
from ullnv's post. worth reading for anyone in this stock.
BTW congrats ulln for being persistent and passionate for WWAT.
WorldWater and Solar Technologies Corp: Drought-Tolerant While droughts aren't necessary for WorldWater and Solar Technologies Corp. (OTC:WWAT) to profit, the conditions out West this summer certainly won't hurt.
WWAT is a small but growing company that offers solar technologies to solve water needs for industrial and residential customers. WWAT combines its high-power solar technology with its pumps and motors, which are used in irrigation, refrigeration and cooling, and in supplying water to urban and rural areas. This combination of sun and water allows customers to deliver water with minimal energy costs.
In a region like the West, with lots of sun and lots of concerns about water supply, a company like WWAT stands to do quite well. Fortunately for WWAT and its investors, the company has a significant presence in California, and we should see its revenues grow significantly this year as a result of the conditions out there. But don't mistake this growth for a short-term aberration due to particularly bad weather; water scarcity is an ongoing issue in California and many other places in America and the rest of the world, and a company like WWAT stands to make strong profits in the coming years. Because power plants are enormous water consumers and often use steam turbines to generate electricity, they may be forced to reduce their output during severe droughts.
Moreover, droughts obviously reduce the availability of hydroelectric power, raising energy prices further. Because WWAT's solar pumps are independent of the grid system, their owners maintain the same cost of energy for their water pumping operations regardless of the drought conditions. WWAT's system is the only solar system with this capability; other grid-tied solar systems shut down when grid power is interrupted.
In addition, WWAT is seeking to develop a next generation of solar powered pumps using solar thermal technologies. Unlike photovoltaic systems, these systems focus and intensify the sun's rays with advanced mirror arrays, producing enough heat to generate steam and power from a steam turbine.
According to the company's website, On May 24, 2007, WWAT entered into a Memorandum of Understanding with Solargenix Energy, LLC. Solargenix Energy has acquired key licensing agreements, filed patents and registered trademarks on solar thermal collectors that cover operating temperatures from 120°F (48°C) to 750°F (398°C). The companies plan to jointly offer a full spectrum of solar power capabilities for industrial, residential and commercial buildings -- from lighting to heating, from driving motors and pumps to hot water supply and HVAC. It is important to note that Acciona, a major Spanish utility company in Europe, is a majority owner of Solargenix and is actively seeking to develop solar thermal power plants, particularly in the American Southwest and California where the solar conditions are most favorable.
Indeed, we've already seen the company start to grow in 2006 as the green revolution has increased interest in technologies like the ones offered by WWAT. Revenues for 2006 were five times as high as in 2005, and three times as high as in 2004. The company is growing more profitable, and it wouldn't surprise me if 2007 were a major step forward.
Type of stock: A water company with a very aggressive and ambitious management team that is addressing two of the most urgent environmental issues of our times: efficient power and water supplies.
Price target: WWAT's stock has nearly tripled since May, but it's still only trading at $1.73. It wouldn't surprise me to see this company more than double to $5 by the end of the year.
Posted by 10of13 on :
We should be hearing something about this any day now...shouldn't we? If they vote to increase the shares...this will have a pullback...IMO...
No, everyone knows about it already. They need to increase the shares to close the Entech deal. Why do you think we are not at $5 by now? The contract was a LOI becuase it can't be official before Entech is closed. They stated they are using the Entech panels in the PR. Stick with making a couple of hundred here are there and leave the understanding to me.
Posted by 10of13 on :
ullnvrknw...take a look at your name... "WE" aren't at $5 yet because so far all we have are letters of intent with the possibility to increase shares and do a RS...(aside from the airport deal) Once those deals are done...will decide where this goes...keep in mind...many buy on rumor...sell on news...
WWAT appears to be a great investment...as well as an occasional great day trade...but it is still wise to proceed with caution...particularly if people are just starting to come into this stock... Now let's have another great day!
Posted by ullnvrknw on :
2.26 bid...2.65 close is my perdiction
Posted by 10of13 on :
Pushing 2.30 premarket...
Posted by ullnvrknw on :
it's hot!!!!!!!!!
Posted by ullnvrknw on :
2.43
Posted by fourseven on :
3.36 high? That must've been a fat finger..
Posted by ullnvrknw on :
2.445 high
Posted by 10of13 on :
Pull back and bounce...!!
Posted by 10of13 on :
Missed the close...looks like we ended red... we have ahd quite the uptrend...so a pull back is acceptable... Still waiting on the "news"/filing for the voting from this week..
Posted by a surfer on :
moving along nice after a shaky start.
Up 6% to 2.34
Posted by ullnvrknw on :
Starting its move up again. this stock should and will be higher with that contract. $3 in 2 weeks sounds about right. Probably less than 2 weeks
Posted by TimW on :
Is this thing ever gonna slow.. yikers good gains here.
$2.50 now
Posted by a surfer on :
2.46 close!! 5.5%
Posted by ullnvrknw on :
New high close every day. It's pulling a hoku after it annonced a 185 mill contract. It went up for 3 weeks after it
Posted by ullnvrknw on :
David gelbaum buys another 1 mill shares at 2.39!!!!!!!!!!!!!!!!!!http://www.sec.gov/Archives/edgar/data/811271/000101968707 002262/xslF345X02/edgar.xml
Posted by 10of13 on :
I really like the news about ENTECH, it sounds very solid IMO.
I can't believe I read all those pages...
Posted by ullnvrknw on :
Still holding it all. Would have been a nice trade on 175,000 shares but i promised myself i will hold this one no matter what. .21 average doesnt hurt either. We need some news Monday
Posted by kywee on :
Are you saying we already knew about ENTECH? Did anyone actually read the filing because there is very good news in there IMO. Maybe I'm missing something.
Posted by ullnvrknw on :
Well its been over a year they have been in talks with Entech. I'll put a 99.9% it closes. After that Imo the spain deal turns to a contract because it states in the press release its using Entech panels. It's a $3.50 stock after spain is finalized. That's not including what happens from now to then
Posted by kywee on :
Yea I was missing something. Sorry about that.
Posted by Mortimer on :
How we all doing today? Is this all about the reverse split?
I'm trying to free up some money to grab more shares.
Posted by ullnvrknw on :
Probably about the proxy that came out friday at 6. They're asking for 400 mill shares.Not that they will use it all
Posted by ruthie on :
Is there going to be a reverse split on this one?
Posted by Mortimer on :
quote:Originally posted by ruthie: Is there going to be a reverse split on this one?
"4. To consider and vote upon an amendment to the Company’s Certificate of Incorporation effect a reverse stock split at an exchange ratio of not less than 1-for-4 and not more than 1-for-8 and authorize our board of directors to implement the reverse stock split with this range at any time prior to the 2009 annual meeting of stockholders by filing an amendment to our Certificate of Incorporation."
Posted by ullnvrknw on :
I would say yes after they are done diluting for the entech transaction. Bring the os shares under 100 mill while getting listed on the NASDAQ
Posted by ruthie on :
Thanks for the info Mort & Ulln....
Posted by 10of13 on :
What's interesting to me is that they "put out" the info of the stock increase and possible RS prior to the large gain...andthen you have David Gelbaum also buying so many shares even with that news... Will be interesting to watch all of it unfold....
Posted by kywee on :
quote:Originally posted by 10of13: What's interesting to me is that they "put out" the info of the stock increase and possible RS prior to the large gain...andthen you have David Gelbaum also buying so many shares even with that news... Will be interesting to watch all of it unfold....
You hit the nail on the head. That is why I feel safe with my position.
Posted by ullnvrknw on :
Back on track. Like to see a mid 1.60 close today
Posted by 10of13 on :
You may get what you asked for ullnvr...
Posted by a surfer on :
1.78 X 1.79.. Gapper.
Boy they sure move this thing in HUGE swings.
Amazing.
Money to be made.
Posted by a surfer on :
holding the 1.90's
Posted by 10of13 on :
LOL...look at those 2 HUGE walls at 1.94 and 1.95...funny... C'mon WWAT...blow the walls down!
Posted by 10of13 on :
And the wall came tumblin' down!
Posted by kywee on :
Very good day IMO. WWAT followed the DOW movement all day, which is good to know that was why it dropped and not some unknown reason.
Posted by ullnvrknw on :
This will make a new high imo
Posted by Mortimer on :
quote:Originally posted by kywee: Very good day IMO. WWAT followed the DOW movement all day, which is good to know that was why it dropped and not some unknown reason.
But WWAT is an OTC? I'm not trying to argue more to just understand and learn something maybe. Are you saying the typical investor of WWAT is "big board" minded, in that they think WWAT being listed on a big board is a not a question of "if" but "when"? Just getting in early, etc...
Posted by kywee on :
Basically I am just saying in my opinion that the reason for the decline late day was due to the overall market. This speculation only allows me to think that there is not another huge reason (such as insider selling, RS, etc) as to why it went down. Just giving me more confidence.
Here are the two charts to compare intraday. You can see they both had a somewhat steady climb and started to fall around the same time and jumped back up EOD.
Posted by ullnvrknw on :
This stock has been following the overall market to a "t" When it went down to 1.185 the market was correcting hard at the same time. i would expect it to be listed on the NASDAQ if anything
Posted by ullnvrknw on :
What i saw today was a big buyer not the small guys was buying. He was using GSCO(gelbaum?) Once he left the stock did not have the strengh it had all day. So the profit taking took it down to 1.75 on nothing. The volume to bring up to 1.995 compared to what it came down on is a joke. Smart money is buying this at all levels
Posted by ullnvrknw on :
Look at the history of Gelbaums purchases. He increased the number of shares he bought at the higher levels. My calculations has him with about a .97 average on just under 22 million shares
Posted by fourseven on :
Yes, but consider the possibility that people who swing that sort of a line may have a different time frame in mind. This stock may get big, but it could take a couple of years to get there.
Excellent observations otherwise. You must be watching the it trade during the day.. do you look at level 2's?
Posted by ullnvrknw on :
that i do. the time is now for solar, hence the spain contract. Once they close it the stock will be $5
Posted by ullnvrknw on :
Going to test $2 by ends day
Posted by 10of13 on :
August 9, 2007 - 11:32 AM EST
WorldWater & Solar Technologies Receives Order to Provide 10 Mobile MaxPure(TM) Solar Units for Darfur, Africa Each Portable Solar Unit Can Deliver 30,000 Gallons of Clean Drinking Water Per Day
WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that the company has received an order to produce 10 Mobile MaxPure™ units for use in Darfur, Sudan. The proprietary portable solar driven water pumping and purifying units, purchased for an aggregate of $775,000, will provide approximately 30,000 gallons of safe drinking water daily at each of 10 sites across the ravaged desert region.
Thousands are dying each month in Darfur, mainly women and children, and the WorldWater Mobile Max systems will supply fresh water for approximately 60,000 persons per day. Deliveries are scheduled for late September/October with installation in October/November.
“We are honored to build these state-of-the-art water pumping and purification units that can operate anywhere, starting in less than a half-hour after arrival at site,” said Quentin T. Kelly, Chairman and CEO of WorldWater. “The units are built in tough, sturdy 7-foot cubes which unfold automatically to deliver some 3.5 Kilowatts of electrical power. They can produce water from wells or surface sources 24 hours per day, directly from the sun during the day and from a bank of batteries at night. We expect Mobile Max to save many lives in Darfur,” stated Mr. Kelly.
The Mobile MaxPure™ is a portable, solar-powered pumping and water purification system. A self-contained, stand-alone unit, the Mobile MaxPure™ is also equipped with a satellite based communications system and a 3KW inverter with battery bank for emergency power needs. Compact and rugged, easy to operate and maintain, the Mobile MaxPure™ harnesses the power of the sun to bring water and electricity to those in need. It can be powered by solar power alone or in combination with an optional back-up generator. The Mobile MaxPure™ water purification system incorporates a multi-stage micro filtration process and ultraviolet light treatment to sanitize water contaminated by dirt, silt, bacteria, cysts, worms, parasites, viruses and other pathogens.
Posted by 10of13 on :
looks like we will close strong...
Posted by ullnvrknw on :
PENNINGTON, N.J., Aug 10, 2007 (BUSINESS WIRE) -- WorldWater & Solar Technologies Corp. (WWAT.OB) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today announced that it has expanded its western region sales force by adding three new regional sales managers.
Larry Slominski, WorldWater's VP of Western Regional Sales, said, "We've established an impressive record for engineering and installing large-scale solar power and pumping installations for water districts, farming and other commercial applications that save customers big-time on energy costs. The success of these projects has been largely spread by word-of-mouth and press coverage. We are expanding to meet the demand for our design and technology expertise in this fast-growing market."
YesNo
YesNo
YesNo
David Brands joined WorldWater as Regional Sales Manager for Southern California and is based in San Diego. Brands was formerly Director of Sales for E-Village Solar in San Diego. He also has several years' prior experience selling residential and commercial solar systems in California and Alaska for companies such as DHS Solar Electric and United Solar Ovonic. Brands, a US Army veteran holds a BA from the University of New Mexico and an MA from Boston University.
David Hakim was named Regional Sales Manager for Central California and is based in Fresno. Before joining WorldWater, Hakim spent several years as a Pump Sales and Marketing Specialist for Rain Bird Corporation. Before that he held sales-engineering positions at companies such as Duff Co., Gardner Denver and Grundfos Pumps. Hakim earned a BS in Mechanical Engineering from Oklahoma State University and is E.I.T. accredited.
Maya Jones was appointed Regional Sales Manager for Northern California and is based in Sacramento. Jones had been a WorldWater sales representative for the past year and a half and earned the promotion through outstanding performance. She is a graduate of the University of California, Berkley, with a degree in International Relations.
Posted by ullnvrknw on :
First day this markets up or rebounds this stock goes over $2. Big buyer in it right now. ARCA keeps crossing the inside market up
Posted by ullnvrknw on :
Oh boy!!!! Lowered guidance from 30-34 to 25-30 this year
Posted by TimW on :
Any stock that is not performing one way or another on its own will follow the market... it has nothing else to do.
The fact that an OTC is following the market doesnt mean it belongs on the big boards, just means that nothing spectacular is going on with it.. its just riding nuetral... waiting for news or rumors to make it stray from the market.
Posted by Livinonklendathu on :
The daily chart is starting to look like a head-and-shoulders is forming.. 1.45/1.97/2.52
Posted by Mortimer on :
Anyone else accumulating?
Posted by kywee on :
I'm still holding two strong positions.
Posted by ullnvrknw on :
What a disaster
Posted by fourseven on :
Looks like blood has been let. Intraday chart shows a triangle forming; daily chart has a pronounced hammer in a downtrend. I could go long on this one, conditions permitting.
Posted by ullnvrknw on :
What a trader this stock is,you can make a small fortune off this. Only thing is....i sold nothing, which will lead me to great fortunes
Posted by kywee on :
IMO a new uptrend is forming based on the 6 month chart.
This one will be over $2 this coming week. It's acting to well not to blow through 2
Posted by kywee on :
Something might be up with this one. Check out the intraday chart.
Posted by ullnvrknw on :
I told you.. yopu could see this happening last week
Posted by kywee on :
Yea I have already mentioned that
Posted by ullnvrknw on :
PENNINGTON, N.J., Aug 29, 2007 (BUSINESS WIRE) -- WorldWater & Solar Technologies Corp. (WWAT.OB) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, announced today it will build a photovoltaic system up to 1.2 Megawatts to provide electricity and water pumping power for the Valley Center Municipal Water District (VCMWD) of Valley Center, California. The system will be owned by Solar Power Partners of Mill Valley, California, which will operate it for VCMWD under a 20-year Power Purchase Agreement (PPA). The actual size of the system will be determined by the results of environmental and site engineering work.
The system will use WorldWater's proprietary AquaMax(TM) drives to provide pumping power for drinking water and irrigation. VCMWD is the second largest water provider in San Diego County behind the City of San Diego.
Gary Arant, General Manager of VCMWD, commented, "Our Board's vote for this project was enthusiastic and unanimous. Throughout the process, all involved recognized the importance of securing clean, reliable, cost effective electric energy to meet our commitment to our customers and community. With this in mind, WorldWater, VCMWD's staff and Solar Partners worked very hard to bring this project to this point in the process. We are very excited and anxious to keep the project moving forward and bring it on-line as soon as possible."
In 2006, WorldWater worked with VCMWD's Board of Directors on a project feasibility study and later procured rebates on their behalf from the California Public Utility Commission through the California Solar Initiative Program. WorldWater will engineer, supply and construct the system, and will maintain it for Solar Power Partners. The planned site is near VCMWD's Betsworth pumping station in Valley Center. Pending environmental study approvals and final engineering, construction will start this year with completion scheduled for May 2008.
Quentin T. Kelly, Chairman and CEO of WorldWater, said, "We were selected largely because of our patented AquaMax(TM) technology which has proven itself highly effective in water utility operation. It's the only system that seamlessly switches back and forth from solar power to the grid or uses solar power alone for the multifaceted and critical pumping needs of a water district when the grid goes down."
Craig Hunt, Co-Founder and CEO of Solar Power Partners, said, "SPP is greatly pleased to have the Valley Center Municipal Water District as our PPA customer, and to be working closely with WorldWater to develop this exciting project."
Aquamax(TM) is the unique solar technology capable of powering electric pumps up to 1,000 horsepower and operates automatically in combination with grid, battery and diesel power. The system operates unattended and protects customers from paying peak grid rates during sunny periods. WorldWater is designated as a preferred solar supplier by the Association of California Water Agencies (ACWA).
Solar Power Partners, Inc. (SPP(TM)) is a developer, owner, and manager of mid-size commercial solar energy facilities, built and operated to provide solar-generated electric power for commercial, educational, public sector, industrial and agricultural customers. SPP(TM) provides an innovative turnkey service that bundles development, financing and on-going operations tailored to meet customers' specific needs, though the use of Power Purchase Agreement financing.
California's State Legislature authorized the Valley Central Municipal Water District in 1911. The District serves residential, commercial and agricultural customers in northern San Diego County and covers over a 100 square mile with nearly 300 miles of water lines.
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
SOURCE: WorldWater & Solar Technologies Corp.
CONTACT: WorldWater & Solar Technologies Jessie Sullivan, 609-818-0700 X20 JSullivan*worldwater.com or William Thompson, 609-818-0700 X20 WThompson*worldwater.com
Posted by ullnvrknw on :
PENNINGTON, N.J., Sep 11, 2007 (BUSINESS WIRE) -- WorldWater & Solar Technologies Corp. (WWAT.OB), developer and marketer of proprietary high-power solar systems announced today that it has signed an agreement with Prime Solar Senergy, S.L. of Barcelona and Madrid to be WorldWater's exclusive representative in Spain.
Prime Solar Senergy (Prime) will act as WorldWater's marketing and logistics partner to acquire and fast-track large scale photovoltaic installations throughout Spain, such as the multi-megawatt, 5-year project announced by WorldWater with a Letter of Intent in July with M&G Promociones de Vivienda Urbana, S.A. An executive mission from WorldWater's U.S. headquarters will depart next week for Spain to meet with Prime and M&G in Madrid to negotiate final contracts with M&G to build three 10-MegaWatt (MW) farms over the next three years (10MW each year) and two additionally planned 50MW farms in the fourth and fifth years in Lorca (Murcia Province) Spain. If final contracts are successfully negotiated construction is expected to start in 2008 for the M&G project.
Quentin T. Kelly, WorldWater Chairman and CEO said, "Prime has already established a track record of successfully completing large development projects in Spain and they have numerous large-scale solar projects in their planned pipeline. When you combine their national market expertise with our proprietary technology and advanced solar engineering we bring a powerful and cost efficient business model to a dynamic growth market."
In 2005 the Spanish government approved a new Renewable Energy Plan (Plan de Energias Renovables, (PER). The plan provides incentives to achieve Spain's target of 12 percent of primary energy being generated from renewable sources by 2010. By improving the legislative environment for renewable energy, the plan is designed to attract a 23 billion euro in investment.
WorldWater owns the only patented technology that allows the operation of electric motors up to 1,000 horsepower on solar power alone. Other solar technology is limited to five to seven horsepower.
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that can drive motors and pumps up to 1000 hp and provides solutions to a broad spectrum of the world's electricity and water supply problems, including the capability of driving 1000 hp motors and pumps from sunshine independently or in conjunction with the electric grid. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
About Prime Solar Senergy S.L.:
Prime Solar Senergy is a marketing representative and project developer that identifies business opportunities and enables major business transactions. Prime Solar Senergy also assists in obtaining regulatory approvals and certifications required in European Markets.
About M&G Promociones de Vivienda Urbana S.A.:
With head offices in Madrid, M&G Promociones (CIF A81968018) is a real estate development company with principal land and housing development projects in Madrid, Valencia and Murcia provinces.
Forward Looking Statements:
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
SOURCE: WorldWater & Solar Technologies Corp.
CONTACT: WorldWater & Solar Technologies Jessie Sullivan, 609-818-0700 X20 JSullivan*worldwater.com or Mike Breslin Productions LLC Mike Breslin, 201-652-1287 mbrez*aol.com
Posted by ullnvrknw on :
No sellers
Posted by kywee on :
Looks like WWAT is getting hot again
Posted by picknponies on :
this chart looks sick for a short term break out
Posted by 10of13 on :
Getting interesting here...
Posted by kywee on :
1.69
Posted by kywee on :
Bought more. It would be nice to pass 1.76, the 50ma
Posted by 10of13 on :
1.75 now kywee...we may get past 1.76...I say we pass 1.80 today...
Posted by kywee on :
A great day so far. We'll see what happens. Just stating that passing the 50ma will give us more momo, along with passing 1.85 IMO. GLTA
Posted by kywee on :
I quickly annotated this chart to present some ideas:
Posted by kywee on :
Broke 1.76
Posted by 10of13 on :
and at 1.79...Let's break through 1.80 and 1.85!!!
Posted by 10of13 on :
About 16 MM's at 1.80...and the buys are hitting it! Whoo Hoo...break it!
Posted by kywee on :
Intraday chart is beautiful
Posted by kywee on :
1.80 is getting smashed
Posted by kywee on :
I have only seen a couple mentions of WWAT on the RSS feeds. This could be a good thing since it might not be on radars yet, which would make for a great EOD.
Posted by 10of13 on :
3 MM's left at 1.80... Bid needs to build again...
Posted by 10of13 on :
1.83...it's still early...but it would be great to close above 1.85...
Posted by kywee on :
Well, we closed above the 50ma, which is good. Let's see what tomorrow has in for us.
Posted by kywee on :
Gapping.
Posted by kywee on :
I exited this morning for a decent gain.
Looks to going back up. 1.795
Posted by kywee on :
1.82. I'm surprised!
Posted by ullnvrknw on :
This is going over $2 next week. It has the same trading pattern as when it ran to $2.50
Posted by kywee on :
Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies Corp., to Testify at U.S. House Hearing Monday September 24, 12:25 pm ET Congress Considering Small Business Alternative Energy Tax Policies to Lessen Dependence on Foreign Oil
PENNINGTON, N.J., Sept. 24, 2007 (PRIME NEWSWIRE) -- Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB - News), a developer and marketer of proprietary high-power solar systems, has been invited by the U.S. House of Representatives, Small Business Committee, Subcommittee on Contracting and Technology to testify as an expert witness on the solar industry. The hearing, entitled ``Small Business Renewable Energy Tax Incentive Possibilities'' will be held September 26 at 9:30 a.m. at the Rayburn House Office Building. The Subcommittee is considering changes in the IRS code to promote renewable energy development and production among small businesses to help move the U.S. away from foreign sources of petroleum. Representatives of the wind, biofuel, and electric utility industries will join Kelly on the four-person panel. ADVERTISEMENT
``I'm honored at the invitation to testify and pleased at Congress's support of solar technology. Solar is quickly becoming a major component in business and government strategy across the country to fight soaring energy costs and keep U.S. industries competitive. Solar is now mainstream, cost-efficient and practical, and is being embraced by state and federal legislatures as a renewable energy source that leaves no dirty carbon footprint, improving air and water quality,'' said Kelly.
Quentin T. Kelly has been Chairman of WorldWater since its inception in 1984. He has many years experience in international business involving water and solar power needs in the U.S. and the developing world. He holds three patents relating to water and solar systems. In 1998, he was inducted into the New Jersey Inventors Hall of Fame. Earlier, Mr. Kelly was Assistant to the President of Westinghouse Electric Corp., and CEO of corporations manufacturing and marketing specialized water and solar systems internationally.
Posted by fourseven on :
Looks like it's trying to break 1.74
Posted by kywee on :
Looks like it had support around 1.70 today. Still watching this one
Posted by ullnvrknw on :
I like the DOT technology....The one hinderance of solar power IMO was the fact that so much space was needed to provide a substantial amount of power.
If you can reduce a 40 acre solar field into 2 acres and produce the same kilowatts....Look out!
Posted by ullnvrknw on :
This stock looks better today when it ran to 2.50 the 1st time. We will blow past 2.50 with any news
Posted by kywee on :
I might look for another 5-10 percent flip this week. Volume has been consistent without a heavy day, which could indicate a big gain soon here.
Posted by kywee on :
quote:Originally posted by ullnvrknw: A MUST READ!!!!!!!!!!!!!!!!!!!!!
That is priceless information IMO. I'm going to look for a long position.
Posted by ullnvrknw on :
PENNINGTON, N.J., Oct 01, 2007 (BUSINESS WIRE) -- WorldWater & Solar Technologies Corp. (WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced it will engineer and construct a 2 Megawatt solar system at Denver International Airport (DIA). MMA Renewable Ventures LLC, a subsidiary of Municipal Mortgage & Equity (MMA) will finance the installation through a Power Purchase Agreement (PPA). WorldWater will begin construction of the project immediately for completion in 2008. MMA Renewable Ventures will own and operate the system under a long-term PPA contract.
Operated by the City and County of Denver, DIA is the fifth busiest international airport in the U.S. and served nearly 50 million passengers in 2006. WorldWater's photovoltaic system of ground mounted tracking solar arrays will be located at the entrance to the main terminal. It is expected to generate 3.5 million kilowatt-hours (kWh) of clean electricity annually. In addition to reducing DIA's electric costs, the solar initiative supports Denver's commitment to environmental sustainability. Annually, the array will avoid pumping over five million pounds of carbon emissions into the atmosphere.
"DIA has a long-standing commitment to sustainable operations and environmental protection. This solar energy system will provide cleaner air and reduce greenhouse gas emissions in the city and county of Denver and serve as a highly visible environmental statement to the millions of passengers that travel through our airport each month," said Turner West, aviation manager for Denver International Airport.
"Denver International Airport is the fifth busiest international airport in the nation and a leader in sustainability as the only airport to be accepted into the Environmental Protection Agency's National Performance Track Program," said Denver Mayor John Hickenlooper. "Thanks to MMA Renewable Ventures and WorldWater & Solar Technologies, DIA will soon have one of the country's largest airport solar systems, marking the first of many alternative energy innovations expected under Greenprint Denver, our action agenda for sustainable practices. DIA is a shining example of how we can embrace sustainable development as an operating principle while maintaining a successful, profitable business, breaking records for passenger traffic and earning high customer satisfaction ratings."
Quentin T. Kelly, Chairman and CEO of WorldWater commented, "We are delighted that such a major metropolitan airport as Denver International has embarked on a solar energy system that is as impressive in size and scope as this 2-Megawatt installation and we are looking forward to helping Denver achieve that worthy target. With our recent contract and start of construction of a solar system at the Fresno Yosemite International Airport, WorldWater has become the leading solar contractor of airports in America. Our expertise in solar energy generation and integrated systems design makes us well suited to address the complex power needs of a major transportation hub like Denver International, significantly reducing electric costs and helping improve air quality at the airport."
"By purchasing clean power rather than solar panels, DIA will benefit from a renewable energy system that is cost-effective from the day it becomes operational and for years to come," said Matt Cheney, CEO of MMA Renewable Ventures. "Our collaborative effort with DIA serves as an example of how successful public-private partnership can help municipal facilities make the most of the tax credits and other incentives available for solar energy."
The project is part of the Xcel Energy Solar*Rewards program and will receive a rebate to offset the upfront construction costs. Xcel Energy will purchase the renewable energy credits from the solar energy produced in support of Colorado's Renewable Energy Standard, which requires large utilities to generate 20 percent of their power from renewable energy sources by 2020. With the City of Denver, Xcel Energy will develop an educational display for DIA's main terminal to explain the benefits of solar energy.
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corp. (formerly WorldWater & Power Corporation) is a full-service, international solar electric engineering and water management company. The Company's unique, high-powered and patented solar technology can drive motors and pumps up to 1000 hp to provide solutions for a broad spectrum of the world's electricity and water supply problems from sunshine independently or in conjunction with the electric grid. Other solar technology is limited to five to seven horsepower. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
About MMA Renewable Ventures:
A wholly-owned subsidiary of Municipal Mortgage & Equity, LLC ("MuniMae," NYSE:MMA), MMA Renewable Ventures finances, owns and operates renewable energy and energy efficiency assets in the United States. The Company provides leases, Power Purchase Agreements and other customized financial solutions to help its customers manage energy costs. MMA Renewable Ventures is dedicated to delivering competitively priced, clean energy and energy savings to customers, strong partnership options for project developers, and exceptional opportunities for institutional investment in the clean energy sector. For more information about MMA Renewable Ventures, visit www.mmarenewableventures.com.
About Denver International Airport:
Denver International Airport opened in 1995 and was the nation's first all-new airport in more than 20 years. DIA is the fifth-busiest airport in the United States and 10th-busiest in the world. 22 airlines serving DIA provide nonstop service to nearly 150 destinations in the United States, Mexico, Canada, and Europe. DIA is renowned for its commitment to efficiency, safety and environmental protection.
About Xcel Energy:
Xcel Energy (XEL) is a major U.S. electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies. More information is available at www.xcelenergy.com.
SOURCE: WorldWater & Solar Technologies Corp.
CONTACT: WorldWater & Solar Technologies Jessie Sullivan, 609-818-0700 ext. 20 JSullivan*worldwater.com or Press Contact: Mike Breslin Productions LLC Mike Breslin, 201-652-1287 mbrez*aol.com
Posted by ullnvrknw on :
And were off........
Posted by ullnvrknw on :
$2.02 in Germany already
Posted by FrankNitti on :
looks great!
Posted by ullnvrknw on :
$2.05 Germany
Posted by 10of13 on :
pre market buy for 2.99?
Posted by FrankNitti on :
Good Lord!
Back to $2
Posted by 10of13 on :
Must have been a fat finger...but still some great buys premarket...10000 for 2.05
Posted by ullnvrknw on :
We will be back at 2.50 in no time. Once Spain is converted to a contract, say hello to $3.50 - $ 4 in my opinion
Posted by ullnvrknw on :
2.075 in germany
Posted by ullnvrknw on :
2.09 pre market
Posted by ullnvrknw on :
new high here we go. They can't keep it down
Posted by kywee on :
Might be filling the gap
Posted by ullnvrknw on :
Back up we go
Posted by ullnvrknw on :
Gelbaum does financing at 1.782!!!! Up Up and away
PENNINGTON, N.J., Oct 03, 2007 (BUSINESS WIRE) -- WorldWater & Solar Technologies Corp. (WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that, on September 28, 2007, the Company entered into a Stock and Warrant Purchase Agreement with the Quercus Trust, whereby the Quercus Trust purchased 7.5 million shares of WorldWater's common stock at a price of $1.782 per share, for total proceeds of $13,365,000. The Agreement also provides for the issuance of warrants to the Quercus Trust for the purchase of 9.0 million additional shares of WorldWater's common stock at an exercise price of $1.815, subject to certain adjustments. The complete terms of the Agreement are detailed in a Form 8-K to be filed with the Securities and Exchange Commission today.
Prior to September 28, 2007, the Quercus Trust and its affiliates owned approximately 21.6 million shares of WorldWater common stock, representing approximately 12.2% of the equity ownership in the Company, or 8.2% on a fully diluted basis. With this Agreement, the Quercus Trust and its affiliates own approximately 16.4% of the equity ownership in WorldWater, or 10.6% on a fully diluted basis.
"We are extremely pleased that the Quercus Trust continues to see the value of our patented technologies and integrated solar applications," said Quentin T. Kelly, Chairman of WorldWater & Solar Technologies Corp. "Quercus focuses on environmental investments in next-generation sustainable energy companies, and their commitment to our Company reflects their belief in our product and business plan. The funds raised will serve to bolster our growth going forward, as we extend our production capabilities, particularly for construction of Entech CPV modules for our projects in Spain and the US, and with Emcore Solar for the purchase and implementation of their 500X and 1000X concentrator cells and systems that are being developed. All of this positions WorldWater for business expansion in 2008. We continue to see strong demand for our unique, large solar systems that are leading the way in providing clean, renewable energy."
Posted by FrankNitti on :
Impressive
Posted by 10of13 on :
ullnvr...you follow this closer than most, Do you think that having this guy step up means they will not be doing the share increase? I never saw a filing on the end result of that...do you happen to know?
quote:Originally posted by ullnvrknw: Gelbaum does financing at 1.782!!!! Up Up and away
They have to raise another 20-30 million to build entech a rd facilty as they stated already. Dilution is a must
Posted by 10of13 on :
thanks Ullnvr...i've been wondering if they are already doing a little...slowly, so as to not kill the pps...But today looks like it is attempting a small move up... Posted by fourseven on :
Looks like WWAT is done with the dip.. touched 1.75 and now back up
Posted by 10of13 on :
October 15, 2007 - 2:02 AM EST
WorldWater & Solar Technologies Corp. and ENTECH, Inc. Sign Extension of LOI Pending Final Signatures for Merger WorldWater & Solar Technologies Corp. (OTC BB: WWAT), developer and marketer of proprietary high-power solar systems, and ENTECH, Inc. of Keller, Texas, a high tech supplier of solar technology to NASA for space operations, announced today that they have signed an extension of their Letter of Intent (LOI) to merge from October 15, 2007 to November 30, 2007 pending final signatures of the Merger Agreement.
The companies are jointly preparing the construction line for the ENTECH 20 X concentrator solar systems for volume production and installation in the second quarter of 2008.
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that can not only generate and distribute electricity, but can drive 1000 horsepower motors and pumps from sunshine independently or in conjunction with the electric grid, providing solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
About ENTECH, Inc:
ENTECH provides advanced solar energy technology for a variety of applications, ranging from day lighting systems for commercial buildings to solar power arrays for spacecraft. The company's patented solar power systems produce electricity from sunlight for applications on Earth (terrestrial power) and in space (spacecraft power). ENTECH's Fresnel lenses capture sunlight and focus it onto small solar cells, thereby reducing electricity costs compared to conventional flat-plate (planar) solar energy approaches. Additional information can be found at http://www.entechsolar.com. Posted by 10of13 on :
This news gives more time for dips...and accumulation...IMO
Posted by kywee on :
I agree. IMO this could be a good play considering we are given a time frame.
I'll keep a close eye on it this week.
Posted by kywee on :
Posted by 10of13 on :
I grabbed a few "playing" shares yesterday...looking strong today!
Posted by jdiddy on :
TDa wont let me buy in to this one..what the hell...i have funds and it says something about nonmarginal security..
Posted by 10of13 on :
Sounds like you are trying to buy it on "margin"? make sure that you are trying to buy with "cash"...
Posted by jdiddy on :
i dont have a margin balance..its all cash...
it reads funds not available for this transaction of a nonmarginal security...guess i should call
Posted by fourseven on :
Heya. Looks like the last down-swing is over.. there's resistance at 1.87, for now. Supposing the seller is bought all out, next ceiling would be around 2.07 or so..
Posted by 10of13 on :
Looking Great still!!!
Posted by fourseven on :
Yeah, looks like it will close near HOD, no crazy movements so far.. nice and easy.
Posted by fourseven on :
Just pinged 2.00 .. nice.
Posted by fourseven on :
Climbing nice and steady.. now don't let the lunchies mess up such a good little run
Posted by kywee on :
Looking great. Added more today
Posted by fourseven on :
closed my position at 1.85, this thing's going south today..
Posted by kywee on :
Yea I cut my lose also before it really went down.
Win some lose some
Posted by ullnvrknw on :
You people make me laugh. Dow down 370 and you panic. Sell low buy high will make you rookies for life
Posted by kywee on :
Really? I didn't know that.
Posted by ullnvrknw on :
Like i said, rookie traders. Going over $2 tomorrow
Posted by trade04 on :
this stock has been going up since 70 cents
Posted by fourseven on :
quote:Originally posted by ullnvrknw: Like i said, rookie traders. Going over $2 tomorrow
So, you're a prophet now?
WWAT went as low as 1.71 the day after I sold at 1.85.. and I called it going down, if I recall correctly..
What's rookie then -- getting your money out before a correction, or religious faith in a stock? Hmm...
I'm bullish on WWAT, I think it's a good long-term investment. But I play short term.. so I can sit there, watch it go down 5% and up another 10% -- or I can exit when I see it's gonna go down, and play my money elsewhere, for a better profit.
Posted by 10of13 on :
Jeeze ullnvr...you just like to get under everyone's skin...donchya?!
I'm with you fourseven...I've been playing this for about 18 months or so...and swinging/flipping it is and/or was the best way to play it IMO... But hey...I'm just a "rookie"...LOL!
Oh...and the PPS is 1.94...and I don't think it has gone over 2 today...BUT I do think that when it goes over and holds above 2...it should have another small run...IMO
Hey Trade04...long time no see...hope all is well!
Posted by ullnvrknw on :
Check those eyes of your $2 like i said. With the buying activity that came in at the close, pre market news Monday in my opinion
Posted by ullnvrknw on :
EWING, N.J., Oct 29, 2007 (BUSINESS WIRE) -- WorldWater & Solar Technologies Corp. (WWAT), developer and marketer of proprietary high-power solar systems, and ENTECH, Inc. of Keller, Texas, a high- tech supplier of solar technology to NASA for space operations, announced today the execution of an Agreement and Plan of Merger pursuant to which ENTECH will merge with and into a wholly-owned subsidiary of WorldWater. Under the terms of the Agreement and Plan of Merger, WorldWater will pay the following consideration to ENTECH stockholders:
-- $5 million in cash;
-- Shares of common stock of WorldWater based on a formula which, assuming a $2.00 per share price of our common stock, would result in issuance to ENTECH stockholders of common stock valued at approximately $39,300,000; and
-- Earn-out consideration calculated as 5% of WorldWater's gross revenues determined in accordance with generally accepted accounting principles which will be paid until the accumulated total of such earn-out payments to the ENTECH stockholders equals $5,000,000.
In addition to the consideration to be paid to ENTECH's stockholders, WorldWater will pay $1.3 million of ENTECH's liabilities at closing and provide $5 million of working capital to commence the manufacture of the ENTECH 20x concentrator systems for a 50 MegaWatt plant in Spain. As a result of this transaction, it is anticipated that ENTECH's current stockholders will own approximately 6.6% of the fully-diluted post-transaction common stock of WorldWater upon completion of the merger, which is conditioned upon obtaining the requisite stockholder approval to increase WWAT authorized common stock.
As a WorldWater subsidiary, ENTECH will maintain its identity, location, and business operations in both terrestrial and space solar energy. The Company anticipates that ENTECH will continue to perform its contract work for NASA, the U.S. Department of Defense, and other customers, as well as its internal R&D programs.
Starting immediately, the company will begin construction of a 50 MegaWatt plant in Spain, which is expected to be in full production of the ENTECH 20x concentrator solar systems beginning in the second quarter of 2008. WorldWater has signed a Letter of Intent with the Spanish firm M & G Promociones for installation of ENTECH systems for 10 MW in 2008, 10 MW in 2009, 10 MW in 2010 and 50 MW in each of 2011 and 2012. WorldWater also has signed an agreement with Prime Solar Senergy S.L. of Madrid and Barcelona to represent the company in obtaining further business in the burgeoning Spanish solar market.
"This complex merger has taken considerable time since we signed the original Letter of Intent in July 2006, and I appreciate the patience of our shareholders and employees, but we firmly believe that the transaction will prove to be a pivotal point in our company's history. Together, we expect to become one of the lowest cost providers of solar energy in the world," said Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies. "This year, we've seen explosive interest and tremendous growth opportunities in large solar installations, particularly in places like Spain and the Southwestern United States, and we are now in a position to take the lead in providing multi-megawatts of electricity for major projects."
Dr. Walter Hesse, CEO of ENTECH, commented, "With the combined technologies of WorldWater and ENTECH, our solar systems will be capable of generating and delivering electrical and thermal energy on site to our customers at prices that are competitive with retail electric levels. ENTECH's 20x patented concentrator technology combined with WorldWater's proprietary control devices allow for the installation of large solar 'farms' with greatly reduced requirements for solar cell materials, and decreased reliance on rebates or other incentives for the funding of economically competitive installations."
Posted by ullnvrknw on :
Now let's outbid the big boys on contracts. This could be a monster stock.
Posted by ullnvrknw on :
2.10 in germany
Posted by ullnvrknw on :
$2.18 and going only higher
Posted by ullnvrknw on :
Great day!!!!!
Posted by fourseven on :
dude, you were so right!
Posted by ullnvrknw on :
You can lead a horse to water but can't force him to drink it.....
I'm done posting on this board and trying to help you guys, no one listens.
Posted by fourseven on :
you give up so easy..
Posted by ullnvrknw on :
I'm still loaded to the max with this play guys. Should be a great year for thios stock $5-$10 is my outlook.
Posted by fourseven on :
Traded down to support today (~1.40 or so) on decent volume. I'm betting this is as low as she'll go for now, picked up a bunch at 1.41
Posted by fourseven on :
uhh.. that was a bad call.. down to 1.25 today, so far.
1.23 is another support (based on July's resistance and support from August) so, um, yeah.
Posted by fourseven on :
well, looks like 1.18 was the bottom.. back to 1.30 now
Posted by ullnvrknw on :
This will be right back over 1.50. With some good news we will see 2+. They need to turn a loi into a contract.
Posted by ullnvrknw on :
Here it goes
Posted by ullnvrknw on :
This strong again.. Should retrace back to 1.75-1.90 area before any news
Posted by fourseven on :
looks like it's rebounding nicely. i'm kinda wishing i held out buying until a couple of days ago, when it hit ~1.10 .. but who knew.
Posted by ullnvrknw on :
WorldWater & Solar Technologies Announces Completion of ENTECH Merger Monday January 28, 3:01 am ET Transaction Expedited by Quercus Trust
EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that it has closed the merger with ENTECH, Inc. of Keller, Texas. This transaction was made possible through agreement with one of WorldWater’s largest investors, the Quercus Trust (Quercus). Quercus exchanged 19.7 million of its common shares of WorldWater for 19,700 shares of convertible preferred stock and supplied WWAT with a $6 million bridge loan. The 19.7 million common shares and the bridge loan were subsequently utilized to complete the ENTECH merger. ADVERTISEMENT
Pursuant to the exchange agreement, once a shareholders meeting is held and additional common shares are authorized, a subsequent exchange with Quercus will be implemented. As a result, Quercus will receive 19.7 million common shares in exchange for the 19,700 shares of convertible preferred stock previously issued.
“The Quercus Trust, which has been an investor in our company since last spring, has demonstrated its strong commitment to both WorldWater and ENTECH by making this transaction possible on an expedited basis,” said Quentin T. Kelly, Chairman and CEO. “As our investors know, the merger with ENTECH, 19 months in the making, paves the way for our company to provide 20x concentrator PV systems to the U.S. and international markets at costs among the lowest of all solar suppliers, including thin film manufacturers. Quercus made it possible to move forward without further delays, allowing us to take advantage of the many opportunities now on the table across the globe. With solar energy taking on greater significance both in the U.S. and overseas — and oil prices at near all-time highs — we simply could not wait any longer to merge our two companies and leverage the resulting synergies. Quercus enabled this to happen.”
Dr. Walter Hesse, CEO of ENTECH, commented, “This is terrific. Now ENTECH and WorldWater & Solar Technologies can proceed with the production of our 20x concentrator lines. Together with WorldWater, we will be able to supply ‘solar farms’ throughout the world with electricity production at costs and efficiencies that we believe change the current economics of solar power – making it affordable to millions.”
Posted by ullnvrknw on :
No looking back now. Buy and hold
Posted by ullnvrknw on :
Slow and steady wins the race
Posted by ullnvrknw on :
Looks to have cleaned out the seller through ARCA. If that's the case $1.60's for sure
Posted by fourseven on :
1.59 at resistance Posted by ullnvrknw on :
I hope you people bought in the morning
Posted by fourseven on :
Pursuant to the exchange agreement, once a shareholders meeting is held and additional common shares are authorized, a subsequent exchange with Quercus will be implemented. As a result, Quercus will receive 19.7 million common shares in exchange for the 19,700 shares of convertible preferred stock previously issued.
is that dilution?
Posted by ullnvrknw on :
Of course. They have to pay Entech some way.
Posted by ullnvrknw on :
The dilution was announced over a year ago for the merger. No surprises
Posted by fourseven on :
right. i'm just trying to figure out how this works..
Quercus bought up millions of common shares of WWAT; now they exchanged 19.7M of those shares for 19.7K preferred stock shares. so WWAT got 19.7M shares plus $6M to buy out Entech.
Now WWAT will dilute the common share pool by issuing more common stock (so the price should go down?), so that they can get back the 19.7K preferred stock and return 19.7M common shares to Quercus..
how does Quercus benefit from this? the assumption is they're not a charitable organization, and they're doing this for profit.. so if the dilution will drop the PPS, why would they go for this deal?
Posted by ullnvrknw on :
This deal(dilution) was happening with or without Quercus. Entech makes WWAT. Now they compete against the big boys like FSLR for contracts. This has to be the best dilution ever. Quercus gave them the shares because they need to close Entech before getting the spain loi into a contract. basically they are loaning them the shares(which does nothing to their current position) to get the ball rolling. It's not like they are in this stock for a trade,those will be tightly held shares for a long time. When it's all said and done they will have around 300 mill OS. They announced a while back they will need 30 mill to build a new plant for Entech.
Posted by ullnvrknw on :
Now is the time to buy this. Just broke over the big 1.70 resistance. Buy now and thank me later. This could see a new all time high 2.50+
Posted by ullnvrknw on :
Good volume coming in breaking over the $1.70..
Posted by fourseven on :
yeah, it closed nicely today -- a HOD-making rally at the end of the day is usually a good sign.
Posted by fourseven on :
down several days in a row. i see support at 1.43
Posted by wes19c on :
chart looks decent imo. the 10sma just crossed the 30ema
Posted by fourseven on :
pushing 1.55 past couple of days.. maybe it'll break past that this week.
Posted by ullnvrknw on :
EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that it has raised $35.64 million from The Quercus Trust (“Quercus”) in a private placement of 20,000 shares of WorldWater Series F Convertible Preferred Stock at a price of $1,782.00 per share. Each share of the Series F Convertible Preferred Stock is convertible into 1,000 shares of WorldWater common stock. Quercus also received warrants to purchase 29 million additional shares of common stock at an exercise price of $1.815. Complete terms of the transaction will be described in a Form 8-K to be filed with the Securities and Exchange Commission. ADVERTISEMENT
“Thanks to the steadfast commitment of the Quercus Trust, WorldWater now has the funds critical to drive future growth,” said Quentin T. Kelly, Chairman and CEO. “A portion of the financing will be utilized to complete the construction of our 50 MW production plant in Texas, which is vital to the many large awards we are now pursuing. The funds will also be used to hire staff, support global expansion, and bolster our R&D. WorldWater is clearly positioned for a strong 2008 and, with the acquisition of ENTECH now complete, ramping up to meet the rapidly-developing demand for solar energy worldwide.”
Prior to February 8, 2008, The Quercus Trust and its affiliates owned shares of WorldWater common stock and preferred stock convertible into shares of WorldWater common stock representing approximately 11.5% of the equity ownership in the Company on a fully diluted basis. With this agreement, the Quercus Trust and its affiliates will own approximately 24.1% of the equity ownership in WorldWater on a fully diluted basis
Posted by ullnvrknw on :
Big time buy here. Who ever gets 35.6 million .25 above market price?? Always at a discount, something big must be coming
Posted by fourseven on :
looks like it's going for a little downswing.. i'm out, will be back..
Posted by fourseven on :
hoopla.. down to 1.15 -- my charts show support at 1.14
if it brews around this price for a few days, it might be a good time to get back in
Posted by fourseven on :
hmm.. never got back in. probably a good thing, looking at the chart.
ullnvrknw, you still holding?
Posted by ullnvrknw on :
All the negative news is out on this stock...Plant will be up by August of this year. Stock will be $2+ within 6 months
Posted by ullnvrknw on :
from the yahoo board...
May 20, 2008
An Open Letter to: WWAT Stockholders, Management, and Potential Investors
Yesterday I had the opportunity to listen in on Frank Smith’s 10:00 AM question and answer session. This new openness brings a great ability for stockholders to be involved and stay informed with the World Water and Solar Technologies operation. I was impressed.
I believe that a few topics were not mentioned which are very worthy of comment.
To add credibility to my comments and to demonstrate my ability and knowledge to make these statements, you must know who I am. My name is Don Sable, II. I have been associated with Entech for almost two decades. At the time of the merger, I was one of the two largest stockholders of Entech. I now have over four million shares of WWAT.
My first point is ..... that while WWAT may be experiencing cost overruns on the Fresno and Denver jobs, these jobs were bid with WWAT being primarily an installer of other manufacture’s flat plate systems. This forced WWAT to bid these jobs with a very narrow profit margin. Valuable information, experience, and contacts will ultimately be derived from these two jobs.
The scenario will be far different when WWAT bids jobs using their own proprietary Entech arrays. As said yesterday by Mark O’Neill, Entech’s Chief Technology Officer, and as I personally know, due to the efficiency of the Entech design, the Entech system can be built and installed for a cost which is 25% to 50% less than conventional flat plate systems. WWAT and Entech have the possibility of being able to underbid all other solar systems and to be awarded all the work which they can handle. This equates to a very profitable bottom line for WWAT and due to the volume, a need for additional Entech manufacturing facilities in the future.
My second point is .... that while rebates and tax credits for green energy investments may be in question at this point, the increasing cost of carbon based fuels and the desire to have a fixed long term cost of electricity will fuel the investment in solar and wind generated electricity. Yesterday no mention was made of the value added by carbon credits, which will only become more valuable in the future.
Yesterday’s ABC nightly World News at 5:30 central time presented three very interesting stories which support a long term investment in WWAT.
First .... was a story about the rising price of oil. Yesterday oil made a record increase in its price. It can be concluded that as oil and natural gas increase in price, so will coal. As feeder stock energy increases to electrical generation plants, the cost of electricity will also increase.
Second.... was a story with the claim made that the cost of electricity will increase 6.5% over the next year.
Third .... was a story about a small Missouri town of 1300 people which bought four wind generators to produce electricity for their town. This investment will keep the cost of electricity fixed for ten years. The story indicated that there would be surplus electricity generated for another 1300 people.
In conclusion, I must say that I am “bullish” on the long term outlook for WWAT. While knowing the profits to be generated by the sales of Entech systems, I can overlook another possible quarter of loss. Entech arrays should be rolling off the line in August. I am definitely impressed with the new WWAT management team headed by Frank Smith.
I intend to retain my WWAT stock. With the current low price of WWAT stock, I would advise others to buy.
Donald E. Sable, II, WWAT Stockholder Shop: (405) 848-9649 Home: (405) 843-3389 Cell: (405) 234-0243 E-mail: Banddsable*aol.com
Posted by ullnvrknw on :
GREAT, entry point for this stock. Give it 6 months and you will be VERY happy. The whole management team is different now,thanks to David Gelbaum(largest holder with over 30 million shares)
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- 2k shares, but I'm glad that at least I've got a toe in the pool! If this thing closes strong, it may be time to shuffle the deck a bit.
