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I add this stock when it on bearish.
I think itís a good example of betting against the market.this company has receives $75 million commitment letter to finance the companyís second windfarm project on yangxi.
About WWEI,Welwind Energy International Corporation currently trades on the NASD OTCBB under the trading symbol WWEI and is incorporated under the laws of Delaware. In August 2006, the company established Welwind after acquiring certain alternative energy assets. The Company is now focused on leveraging the experience of the management team in the wind energy market into the growing alternative energy sector in China and intends to pursue other projects in various countries. WWEI is a renewable energy company currently focused on the emerging wind energy market in China. The Public Company acquired a management team and the rights to two wind projects in China in April of 2006. Two of the wind projects are currently under development. The acquisition officially closed in August 2006. Welwind has negotiated agreements with municipal and provincial governments in China to develop 1,000 megawatts (ďMWĒ) of wind energy in Yangxi and Zhanjiang in the Province of Guangdong, China subject to milestone performance achievements.
There has the link click to yahoo.com
Welwind Energy International Receives $75 Million Commitment Letter to Finance the Company's Second Windfarm Project in Yangxi: Financial News - Yahoo! Finance
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Wind energy is a good place to be long term.
Considered one of the more viable alternate energy sources for the future.
China's future growth and energy needs should provide an increasing
market for Welwind.
52 week High 68.3 Cents.
52 week Low 4.0 Cents.
For the nine months ended 30 September 2007, Welwind Energy International Corp.'s revenues increased 75% to C$184K.
Net loss totaled C$3.2M, up from C$1.4K. Revenues reflect the benefit from improved marketing efforts. Higher loss reflects increased cost of goods sold, higher general & administrative expenses and increased loss on settlement of debt.
WWEI was founded to build, own operate wind farms on an international scale
This has to be considered a "Speculative" Stock.
Like this one long term. Good ground floor opportunity.
Like PEFF, may have wait a while, but should be worth the effort.
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|WWEI.OB||Jackynono||Stock Talk||0||02-12-2007 08:23 PM|