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WWEN to Submit offer to purchase coal plant !
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[QUOTE]Originally posted by RockLobster: [QB] NEW YORK, Jun 7, 2006 (PRIMEZONE via COMTEX) -- [URL=http://www.**********]www.**********[/URL] is initiating coverage of W2 Energy, Inc. (Pink Sheets:WWEN) after releasing the latest short sale data to June 2006. From January 2005 to June 2006 approximately 72.2 million total aggregate shares of WWEN have traded for a total dollar value of nearly $9.1 million. The total aggregate number of shares shorted in this time period is approximately 5.6 million shares. The WWEN SqueezeTrigger price of $0.13 is the volume weighted average short price of all short selling in WWEN. A short squeeze is expected to begin when shares of WWEN close above $0.13. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********. W2 Energy, Inc. has been on the OTC Naked Short Threshold list 1 time. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position. About W2 Energy, Inc. W2 Energy, Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation transportation fuel and electrical power systems. Specifically, W2 Energy Inc. produces Green Energy (Energy derived from non polluting sources or fossil fuels) utilizing its core-patented technologies to produce green energy generating plants and applications. W2 Energy Inc. has seasoned management, cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production. [/QB][/QUOTE]
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