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Author Topic: WWEN Way over sold .006
invester
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This one is way over sold. 140m O/S, management owns almost 100m. Float around 40m Bio Diesel play. Bulletin Board move imminent. Over $1.7 Billion in future orders from the European Union. Looks good at this level.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
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Ask .075 now
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trader_124
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yeah but they are 2 years away from production. They have no cash that mean they will continue to dilute and then a R/S
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invester
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Authorized only 250m, I believe they will get financing through a third party before the CEO would dilute his majority ownership position. They also want the move to the BB to happen. Major dilution would be a hindrance.
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trader_124
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At September 30, 2007, we had cash and cash equivalents of $5."

not going far with this

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invester
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Like I said, third party financing.
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don_casey
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any names/ sources for the third pary's?

--------------------
I refuse to tiptoe through life... only to arrive safely at death.

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invester
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There has already been commentary via PR's. They have also been aggressively answering the questions pertaining to the BB move. They spent all of this money and time on audited financials, a new website, and working with the BB. Not just that, but they have only gone from 97m-140m O/S in a couple of years via an old private placement coming to expiration. The ceo and insiders own close to 100m shares as well. I feel this one is due not just because being oversold, but major news should be coming.
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trader_124
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i tried to buy this a few days ago and etrade didnt allowed me so i looked for other. I might buy but i will see
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Junky
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IMO, scam POS, avoid like plague.
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Golf Money
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W2 Energy Inc. Cancels 61,050,833 Shares
Friday January 18, 12:30 pm ET


NEW YORK, NY--(MARKET WIRE)--Jan 18, 2008 -- W2 Energy Inc. (Other OTC:WWEN.PK - News) (Frankfurt:WJD.F - News), a producer of Green Energy, is pleased to announce it has cancelled 61,050,833 shares of its common stock. The stock was surrendered to W2 Energy in exchange for preferred shares of the company. There is no market for the preferred stock of W2 Energy Inc.

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PCola77
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1:20 R/S today. Something's going goofy with my IE, so I can't paste it, but go to otcbb.com to see it if you so desire.
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atleast
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13:33 1/25/2008 WWEN W2 Energy Inc. Common Stock (NV) WTWO W2 Energy Inc New Common Stock 1-20 R/S **
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Nile
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Damn... another one bytes the dust.
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