WWPW - Wind Works Power Corp. (OTCBB Stock)

[greencat]

WWPW looks ready for another move. Nice upward consolidation pattern and some volume moved into the stock today. Looks like it may take off. I expect it to make a nice move.

This may be a timing play due to the fact its in renewable energy.

About Wind Works

Wind Works' mission is to become a leading developer of wind energy projects in North America and Europe. For more information, please visit: Wind Works Power Corp - Home

About Zero Emission People

The vision of Zero Emission People is to provide the opportunity for anyone to invest early in the development of renewable wind energy projects. As an example, as little as a $10,000 investment in a wind park blows away a person's carbon footprint. We believe in making sound, environmentally conscious investments that are good for all shareholders, people and our planet.

Greencat really like renewable energy stocks. I will be giving this one serious thought. I am added a little extra here so I can post it on the other site.

[smartinvest22]

NEWS! Wind Works Power Corp. Signs Agreement for $15 Million Financing

Financing to Provide Full Development of Ontario Projects and Additional Residual Revenue Stream

OTTAWA, ONTARIO, Jul 18, 2011 (MARKETWIRE via COMTEX) -- Wind Works Power Corp. (OTCQB:WWPW)(PINK SHEETS:WWPW)(FRANKFURT:R5E1)(WKN:A0RPM2) is pleased to announce it has signed an Agreement with a corporate investor to provide $15 million in financing for development costs of Wind Works' current project pipeline in Ontario, Canada. The financing is non-dilutive at the public company level.
The financing will be used to fund the development costs of Wind Works' existing projects in Ontario plus new projects that may be acquired during the term of the financing. Existing projects in Ontario include the 7 projects totaling 80MW that have been awarded FIT contracts represented by Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge, Clean Breeze, Ganaraska, and Whispering Woods, plus the newly-acquired 5MW project announced June 14th.

The $15 million financing is a convertible debenture facility with a Maturity Date of January 31, 2013. Both interest and principal are due at Maturity. Funding is subject to satisfactory due diligence by investor on a project-by-project basis. The investor may, at its sole option, elect to convert all or part of their investment into equity in any of the projects that were funded using this financing facility. In such a case, the investor would earn a 49% interest in those specific projects if they elected to convert. Following conversion, Wind Works shall have the option to repurchase the project equity upon 30 days' notice.

"With this $15 million financing, we now have the funding in place to fully develop our Ontario project portfolio, plus add to it in a strategic way", comments Dr. Ingo Stuckmann, Wind Works' President and CEO. "Our objective is to build a stable, recurring revenue stream by both selling certain projects for a gain and retaining a royalty interest; and by building other projects and owning and operating them over the longer-term in our 3 major markets of Ontario, the US, and Germany."

On May 5, 2011 Wind Works gave notice terminating the Asset Purchase Agreement with Premier Renewable Energy, Inc. ("Premier". The Agreement contemplated the sale of five wind energy projects in Ontario, Canada totaling 50 megawatts. The five wind parks were: Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge and Clean Breeze. According to the Agreement Premier was obligated to pay certain development costs which they failed to do. The Agreement was therefore terminated for cause and Works has returned to Premier a total of $950,000 representing the amount of the refundable deposit. Except for the refundable deposit mentioned above, there is no further liability to either Wind Works or Premier as a result of the termination of the agreement. The $15 Million financing detailed above will be used by Wind Works to develop the 50MW that were subject to the proposed sale to Premier.

[smartinvest22]

Volume picking up and the resistance is thin! Looks like it's setting up for a trend reversal!

[smartinvest22]

Wind Works Power Corp. Reports Recent $15 Million Financing as Non-Dilutive

Financing to Provide Full Development of Ontario Projects and Additional Residual Revenue Stream

OTTAWA, ONTARIO, Jul 20, 2011 (Marketwire via COMTEX) -- Wind Works Power Corp. (OTCQB:WWPW)(FRANKFURT:R5E1)(WKN:A0RPM2)(PINKSHEET S:WWPW) is pleased to announce an update to the press release dated July 18, 2011. Management is now reporting the most recent financing of $15 million is and will remain as non-dilutive. The investor may, at its sole option, elect to convert all or part of their investment into project based equity in any of the projects that were funded using this financing facility. This project based equity is not and will not be part of any public stock transaction.
The $15 million financing is a convertible debenture facility, with no stock transactions involved and a Maturity Date of January 31, 2013. Both interest and principal are due at Maturity. Funding is subject to satisfactory due diligence by investor on a project-by-project basis. In such a case, the investor would earn a 49% interest in those specific projects if they elected to convert. Following conversion, Wind Works shall have the option to repurchase the project equity upon 30 days' notice.

The financing will be used to fund the development costs of Wind Works' existing projects in Ontario plus new projects that may be acquired during the term of the financing. Existing projects in Ontario include the 7 projects totaling 80MW that have been awarded FIT contracts represented by Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge, Clean Breeze, Ganaraska, and Whispering Woods, plus the newly-acquired 5MW project announced June 14th.

"With this $15 million, non-dilutive financing, we now have the funding in place to fully develop our Ontario project portfolio, plus add to it in a strategic way", comments Dr. Ingo Stuckmann, Wind Works' President and CEO. "Our objective is to build a stable, recurring revenue stream by both selling certain projects for a gain and retaining a royalty interest; and by building other projects and owning and operating them over the longer-term in our 3 major markets of Ontario, the US, and Germany. We are very pleased to achieve this financing without leveraging any of our stock."

On May 5, 2011 Wind Works gave notice terminating the Asset Purchase Agreement with Premier Renewable Energy, Inc. ("Premier". The Agreement contemplated the sale of five wind energy projects in Ontario, Canada totaling 50 megawatts. The five wind parks were: Settlers Landing, Snowy Ridge, Grey Highlands, Cloudy Ridge and Clean Breeze.

According to the Agreement Premier was obligated to pay certain development costs which they failed to do. The Agreement was therefore terminated for cause and Works has returned to Premier a total of $950,000 representing the amount of the refundable deposit. Except for the refundable deposit mentioned above, there is no further liability to either Wind Works or Premier as a result of the termination of the agreement. The $15 Million financing detailed above will be used by Wind Works to develop the 50MW that were subject to the proposed sale to Premier.

[smartinvest22]

Strong fundamentals here! Plus the company secured a $15 million non-dilutive financing. If they're spending so much $$$ on marketing push no doubt we'll see some volume surge soon! Stay put!

[smartinvest22]

NEWS FOR WWPW!
OTTAWA, ONTARIO -- (Marketwire) -- 07/20/11 -- Wind Works Power Corp. (
OTCQB: WWPW
)(FRANKFURT: R5E1)(WKN: A0RPM2)(
PINK SHEETS: WWPW
) is pleased to announce that they have acquired two new projects in Germany, the 15 megawatt (MW) Rock project and the 6MW Raberg project.
Rock is a 15MW project located near Magdeburg in the eastern part of Germany. It is a 50:50 co-development partnership with a German developer and all costs will be shared on an equal basis.
Raberg is a 6MW joint venture project located near Frankfurt, Germany. Wind Works has advanced 10% of the purchase price (45,000 Euro), and is eligible to increase its interests to 50% by funding an additional 405,000 Euro in development costs, subject to milestones.
Both projects are expected to be fully permitted by the middle of 2012, with an expected start date for construction in the fall of 2012. Total investment for the combined 21MW will be 36 Million Euro (approximately US $50 Million) once built.
"With these two new projects, we now have a total of 31 MW of advanced-stage projects in Germany, the first of which will commence construction this fall", comments Dr. Ingo Stuckmann, Wind Works' President and CEO. "Our objective is to continue increasing our market exposure in Germany given the conservative-liberal governments' recent decision to phase out nuclear energy and largely substitute with wind energy."
About Wind Works (i) Zero Emission People
Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 days by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit:
Wind Works Power Corp - Home

[smartinvest22]

We may as well close above 40's with some nice ask slapping by EOD. Also with the oil price hovering around $100, higher oil is huge news for CHEAPER alternatives of energy. We'll start seeing more company updates rolling in once they commence the 1st project slated for Q3 and the $$$ will keep pouring in great abundance!

[smartinvest22]

WWPW I hear more news is coming out! We will see high 40s later in the week and shorts need to cover for it's the end of the month! KA-BOOM!

[smartinvest22]

WWPW NEWS OUT!!! WWPW TO ACQUIRE 2 NEW PROJECTS IN GERMANY TOTALING $50 MILLION!!! bit.ly/pXloRv

[smartinvest22]

WWPW-Once they commence the 1st project scheduled for Q3 and 2 major projects slated for 2012 the $$$ will keep pouring in great abundance!