W2 Energy Inc. to File Financials and Apply to AMEX Friday May 5, 6:00 am ET
NEW YORK, May 5, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of Green Energy, is pleased to announce it will file its financials under a Form 10 and begin regular reporting. Upon filing of the financials W2 Energy will make application to the AMEX for listing. Mr. Michael McLaren CEO states, ``We have finished with the restructuring of the company and are satisfied that we can move ahead with a strong foundation and a clear focus to execute our business plan to the fullest.'' He also stated, ``We all look forward to listing on the AMEX building shareholder value, market capital and executing strategic acquisitions that will complement our already impressive portfolio of technologies, patents and commercial applications.'' ADVERTISEMENT
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s biomass to energy plants utilize state of the art technologies to produce green energy, both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
The W2 Energy GAT reactor breaks down biomass or coal using the chemical energy stored in the biomass itself, the plasma acts as a high temperature catalyst. Unlike typical plasma reactors that utilize convection of the intense heat produced by the plasma, our GAT reactor can amazingly produce enough Syngas (H2, CO) to feed a 10,000 barrel per day synthetic diesel plant and 100 Megawatt steam turbine with a mere 4 MW input. Since our unique process works in this manner, most if not at all the CO2 produced by the process is converted into Carbon suboxides in the form of humic acid and is mixed within the ash to produce high grade organic fertilizer. Therefore the process is completely C02 neutral, even using coal or peat as base fuel.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
posted
This is starting to run. Up 20%. Looks like a little wall at .31, but if it breaks that it could go nuts.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
I got in at .27 and sold some at .33 for 20% gain. I'm trying to get better at the slow and steady part of this, to replace my previous strategy which seemed to be "buy at the peak and then hold the bags forever"
quote:Originally posted by heynow: PCola
Looks like we are the only two on this...I love when a stock sneaks up without all the hype...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Is the run over on this one or do you think there is still some breathing room?
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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Authorized Shares: 200,000,000 as of 2004-12-15 Outstanding Shares: 80,255,619 as of 2006-04-13 Float: 19,056,335 as of 2006-04-05
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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The run has just started. Factory should be complete in about 3 months that will produce up to 10,000 barrels. They are applying to AMEX!!!!In at .10 and .195 and picking up more when I can.
-------------------- Hurry up and wait. Posts: 293 | From: Southern California | Registered: Dec 2005
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posted
Applying to AMEX should be huge as this stock would be hotcake for institutions desperately looking for new alternate energy stocks and a lot of institutions are restrictedd from investing in pinks.
Posts: 270 | Registered: Apr 2006
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posted
Heynow great catch. I can't believe how low it was . Hate to chase but will keep an eye on the Amex situation. Great find
WWEN - W2 ENERGY INC (OTC) Date Open High Low Last Change Volume % Change 05/05/06 0.2600 0.5100 0.2400 0.3200 +0.0700 3618500 +28.00%
Composite Indicator -- Signal -- -- Strength -- -- Direction -- Trend Spotter (TM) Buy Maximum Strongest
Short Term Indicators 7 Day Average Directional Indicator Buy Maximum Strongest 10 - 8 Day Moving Average Hilo Channel Buy Maximum Strongest 20 Day Moving Average vs Price Buy Maximum Strongest 20 - 50 Day MACD Oscillator Buy Maximum Strongest 20 Day Bollinger Bands Buy Maximum Strengthening
Short Term Indicators Average: 100% - Buy
Medium Term Indicators 40 Day Commodity Channel Index Buy Maximum Strongest 50 Day Moving Average vs Price Buy Maximum Strongest 20 - 100 Day MACD Oscillator Buy Maximum Strongest 50 Day Parabolic Time/Price Buy Maximum Strongest
Medium Term Indicators Average: 100% - Buy
Long Term Indicators 60 Day Commodity Channel Index Buy Maximum Strongest 100 Day Moving Average vs Price Buy Maximum Strongest 50 - 100 Day MACD Oscillator Sell Minimum Weakest
Long Term Indicators Average: 33% - Buy
Overall Average: 88% - Buy
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I had already decided to pick up some shares before you guys responded to me, but I appreciate it nonetheless.
This company has a lot going for it. I couldn't resist with the recent corporate restructuring paired with an application for an AMEX listing all on top of a low float. Should be an interesting summer pick. Time will tell.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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posted
Since the threads keep bouncing back and forth, here is the DD page I made up again:
Company Name: W2 Energy, Inc. Symbol: WWEN on the Pink Sheets
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s biomass to energy plants utilize state of the art technologies to produce green energy, both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
The W2 Energy GAT reactor breaks down biomass or coal using the chemical energy stored in the biomass itself; the plasma acts as a high temperature catalyst. Unlike typical plasma reactors that utilize convection of the intense heat produced by the plasma, our GAT reactor can amazingly produce enough Syngas (H2, CO) to feed a 10,000 barrel per day synthetic diesel plant and 100 Megawatt steam turbine with a mere 4 MW input. Since our unique process works in this manner, most if not at all the CO2 produced by the process is converted into Carbon suboxides in the form of humic acid and is mixed within the ash to produce high grade organic fertilizer. Therefore the process is completely C02 neutral, even using coal or peat as base fuel.
Authorized Shares: 200,000,000 as of 2004-12-15 Outstanding Shares: 80,255,619 as of 2006-04-13 Float: 19,056,335 as of 2006-04-05
PR’s
May 8, 2006 – W2 Energy has received letters of request for diesel samples from several large European re-sellers of diesel fuel. The letters request a total production of 3,360,000 metric tons or 25,200,000 barrels of diesel per year, representing a total dollar value of US$1,512,000,000. In order to fill these orders the company will construct a minimum of seven 10,000 bpd plants throughout the Continental U.S. and Canada.
May 5, 2006 – W2 Energy announces that they have completed their corporate restructuring effort, as well as, their intent to file Form 10 to the SEC and begin regular reporting. Once the financials are filed, they intend to apply for a listing on the American Stock Exchange.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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posted
Didn't see this thread, just started another one.... This is a great stock right now. Just had a big dip to correct itself a bit. Should see a good week ahead IMO!
Posts: 1053 | Registered: Mar 2006
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posted
Actually, I have a feeling the share structure is a tad different than what I've posted here. I'll see if I can dig up the proper numbers. I have some other questions for the company too, so I'll try to get those answered as well.
Has anyone called or emailed to find the most recent share count already?
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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posted
Why isn't this stock getting more attention? Bigger news than just about everything out there. $1.5 billion in potential revenues!
Posts: 1053 | Registered: Mar 2006
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posted
The main point that people may be missing is the fact that this company just went through a lengthy reorganization. They've now got a solid business plan going forward, and are soliciting their product trying to drum up business.
While 1.5 billion dollars is nothing to sneeze at, they currently only have the technology, and not the capacity, to complete an order of this size. This may be what is keeping investors away at this point.
This is a long-term hold, IMO. They are going to need to secure additional financing in order to build the required amount of production facilities to keep up with sales.
Given that, I've put my money here in hopes that this is just the beginning.
I still have some questions that I'm hoping to get answered:
1) What is the current share structure?
2) Which quarter are they planning on filing their form 10-QSB to the SEC?
3) Once the 10-QSB is filed, are they planning to submit an application to the AMEX immediately afterwards, or do they plan to wait a certain amount of time before applying?
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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quote:Originally posted by binsleep: The main point that people may be missing is the fact that this company just went through a lengthy reorganization. They've now got a solid business plan going forward, and are soliciting their product trying to drum up business.
While 1.5 billion dollars is nothing to sneeze at, they currently only have the technology, and not the capacity, to complete an order of this size. This may be what is keeping investors away at this point.
This is a long-term hold, IMO. They are going to need to secure additional financing in order to build the required amount of production facilities to keep up with sales.
Given that, I've put my money here in hopes that this is just the beginning.
I still have some questions that I'm hoping to get answered:
1) What is the current share structure?
2) Which quarter are they planning on filing their form 10-QSB to the SEC?
3) Once the 10-QSB is filed, are they planning to submit an application to the AMEX immediately afterwards, or do they plan to wait a certain amount of time before applying?
--
very low float: Float: 19,056,335 as of 2006-04-05
when i called about filing, the guy said pretty soon which I assume they have in mind is by end of summer. I asked him that and he said thats would be what they were trying for that.he cannot say yes or no..since that would be insider info.
Posts: 270 | Registered: Apr 2006
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Thanks for the update. Their fiscal year ends on Dec 31st, so they could potentially file after June.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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I was just on their website today trying to get information for DD, and I thought it was severly lacking. Glad to see they updated things to coincide with the restructuring effort. WWEN is poised to do great things in the coming months!
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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Yeah, the old site concerned me a bit to. It had all old news and nothing relevant to todays Topics. We will probably recieve PR tomorrow about the new site but I really dont expect much movement for a couple days. If we dont run tomorrow than the correction continues for a couple more trading days. If we climb tomorrow than who know's how HIGH it can go. Ill be up first thing in the AM as always.
-------------------- Hurry up and wait. Posts: 293 | From: Southern California | Registered: Dec 2005
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posted
Today we went from .44 down to .22 within minutes. Thats a Correction with some MM trying to get cheap shares on TOP..LOL..For those who bought in at .40 and higher I wouldnt worrie. Just hang tight and ride it out..Great things are coming.
-------------------- Hurry up and wait. Posts: 293 | From: Southern California | Registered: Dec 2005
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posted
Looking good here. Chart corrected itself yesterday, looks like it's ready for it's next climb up. I think we're back in the .40's by the end of the week.
Posts: 1053 | Registered: Mar 2006
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posted
Updated DD page to reflect small change in O/S
Company Name: W2 Energy, Inc. Symbol: WWEN on the Pink Sheets
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s biomass to energy plants utilize state of the art technologies to produce green energy, both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
The W2 Energy GAT reactor breaks down biomass or coal using the chemical energy stored in the biomass itself; the plasma acts as a high temperature catalyst. Unlike typical plasma reactors that utilize convection of the intense heat produced by the plasma, our GAT reactor can amazingly produce enough Syngas (H2, CO) to feed a 10,000 barrel per day synthetic diesel plant and 100 Megawatt steam turbine with a mere 4 MW input. Since our unique process works in this manner, most if not at all the CO2 produced by the process is converted into Carbon suboxides in the form of humic acid and is mixed within the ash to produce high grade organic fertilizer. Therefore the process is completely C02 neutral, even using coal or peat as base fuel.
Authorized Shares: 200,000,000 as of 2004-12-15 Outstanding Shares: 80,255,735 as of 2006-05-09 Float: 19,056,335 as of 2006-04-05
PR’s
May 8, 2006 – W2 Energy has received letters of request for diesel samples from several large European re-sellers of diesel fuel. The letters request a total production of 3,360,000 metric tons or 25,200,000 barrels of diesel per year, representing a total dollar value of US $1,512,000,000. In order to fill these orders the company will construct a minimum of seven 10,000 bpd plants throughout the Continental U.S. and Canada.
May 5, 2006 – W2 Energy announces that they have completed their corporate restructuring effort, as well as, their intent to file Form 10 to the SEC and begin regular reporting. Once the financials are filed, they intend to apply for a listing on the American Stock Exchange (AMEX).
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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posted
I can't even believe this stock is not getting more attention. You will miss the boat on this one. They are building 7 bio diesel factories. They received 1.5billion in orders. This is probably the best out there. There are only roughly 80m shares out. Posts: 4381 | From: houston | Registered: Mar 2006
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posted
Also, moving to the Amex. What more could you ask for. The management is seasoned as well. They have patents on there tech. This stock is a $1 runner very soon.
Posts: 4381 | From: houston | Registered: Mar 2006
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