WEGI.OB

[saffeysite1]

didn't see any insider selling.

Why would they sell when the run has just begun? 
Volume is still very strong.  I don't see any signs of selling.  I am not selling my shares till it hits a $1.

The momo has just begun in my opinion.  During 9/11 they had a minor role in clean up and the stock hit .60.  I see this as 10X the amount of clean up as 9/11.

Good luck to all.

And as I have made money off of this play.  I have donated to the Red Cross 10% of it.

saffey.

[setravis]

Outstanding, great pick Saffey
Applaud

[gmarc66]

I got back in this in the am at .52...so hopefully it will go to at least .8's today..almost made it there this morning.

Is anyone looking at zenx..im trying to get in at the ask of  .348..and won't take...steadily moving up this morning..hit new high.

thanks julia

[setravis]

Saffey ,this is up 550% since 08/30/2005
Great work Saffey....I must applaud you again

Symbol  Last    Change  %Change  Volume       Vol %Change  Added     %Change 

WEGI    0.650  0.200     44.44%    7,323,854  15,633.98%   08/30/05  550.00%

Awesome......

[digitx]

Saffey ,this is up 550% since 08/30/2005
Great work Saffey....I must applaud you again

Symbol  Last    Change  %Change  Volume       Vol %Change  Added     %Change 

WEGI    0.650  0.200     44.44%    7,323,854  15,633.98%   08/30/05  550.00%

Awesome......

Is this going any higher? I got in it a bit late at 0.63. Should I keep or dump? Please advice.

[saffeysite1]

Don't have time to post, but PR out on this stock this morning.  Go to Yahoo Finance and you can find it.  Look for another big day

[digitx]

I really need an immediate help on this stock. Anyone willing to help is appreciated. I have to make a decision based on chats and analysis before I sell. The questions I have are:


1) I bought this stock for the second time @0.63 (20,000). Today it closed at 0.51. Is there any news or analysis to show how this is going to go in the next 2 days.

2) There was a press release this morning but the price kept going down. I was told on the chat line the the stock is consolidating. What does that mean. Is it dying or is going to make another jump? I am new to the language of the stock market and i need some help.

Thank you again.

[jc707270]

Hey dig,

I took this explaination of consolidation from investopedia.com

"A term used mainly by technical analysts to refer to the movement of a stock's price within a well-defined pattern or barrier of trading levels."

So basically when you have consolidation there will be selling and buying in a certain price range which will make the price per share trend in a sideways pattern. This is usually a good thing as those who want out (take profits) are met with those who want in (see more profits ahead). An upwards breakout of consolidation then leads to higher highs and a new base is formed (base=place where people took profits, new money jumped in, barrier that if not broken will create a launching pad for price, if broken might be an indicator to sell since new money might be bailing). Of course a downward breakout is not good! Anyway I think thursday will tell us alot with what WEGI will do. Today it looked as if the stock was trying to fill the gap in price from friday. I don't beleive it was completely filled as it was from .44 to .52. The low for today was .47 and it doesn't mean that it will completely fill the gap, but we could see a test of the .45 to .44 area thursday before hopefully a push back up at the end of the day. My only concern is that the price closes above .45 as I think this was the previous resistance area and is now a base since it was passed on strong volume. So I think we wait and see tomorrow, and if it closes below .45 I will probably sell and wait for a better price. Hope this helps! Oh and while watching the trades pass by I must say that there were some fairly large downtick sells (sell below ask) but also some fairly large uptick buys (buy above bid) so could be a surprise up tomorrow early?

[digitx]

Thank You. This was very helpful. i appreciate the effort you went through to proide this information. As you said, let's hope today bring a new high.

Good luck and thank you

-Digit

[gmarc66]

What would be a good re-entry point for this stock?

thank you.

julia

[digitx]

What would be a good re-entry point for this stock?

thank you.

julia

Hi Julia,

Now is a very good time IMO. it is a s low as 0.36. Maybe the experts have a different look though.

Good luck

-digit

[gmarc66]

Ok, thanks digitix..i will keep an eye on it.

Good luck!

julia

[digitx]

Ok, thanks digitix..i will keep an eye on it.

Good luck!

julia

Hi Julia,

Hope you are doing well. I was wondering if you got into this WEGI stock or not. Seems to be going down a lot. I am panicking like crazy. Saffey said in one of his posts that he will only sell at $1. So I am wondering. Any input from your end.

-digit

[digitx]

Form 8-K for WINDSWEPT ENVIRONMENTAL GROUP INC


--------------------------------------------------------------------------------

15-Sep-2005

Sale of Equity, Financial Statements and Exhibits



Item 3.02 Unregistered Sales of Equity Securities.

In light of expected activity to remediate damage caused by Hurricane Katrina, Windswept Environmental Group, Inc.'s operating subsidiary Trade-Winds Environmental Restoration Inc. has mobilized over sixty employees to the gulf coast region. Trade-Winds has leased or is in the process of leasing three premises to serve as a satellite office, regional command center, training center and housing for its mobilized employees.

In order to finance anticipated expenses, Windswept borrowed an additional $650,000 from Laurus Master Fund, Ltd. ("Laurus") by issuing a new replacement note, dated September 9, 2005, in the principal amount of $6,000,000 (the "Laurus Replacement Note") on substantially the same terms as the original replacement note dated July 13, 2005 in the principal amount of $5,350,000 issued by Windswept to Laurus. The aggregate proceeds received by Windswept were used to pay a management fee of $25,350 to Laurus Capital Management, L.L.C., and the balance of the proceeds are being used by Windswept for working capital purposes. A copy of the amended and restated secured convertible note is attached as Exhibit 10.01 hereto and is incorporated by reference.

The principal amount of the Laurus Replacement Note is repayable at the rate of $187,500 per month together with accrued but unpaid interest, commencing on November 1, 2005. Such amounts must be paid in shares of common stock if the following conditions are satisfied: (a) the average closing price of the common stock for the five (5) trading days immediately preceding an amortization date is greater than 110% of the fixed conversion price and (b) the amount of the related payment does not exceed thirty percent (30%) of the aggregate dollar trading volume of the common stock for the period of twenty-two (22) trading days immediately preceding such amortization date. If condition (a) is met but condition (b) is not, then Laurus shall be issued only such portion that satisfies condition (b). Any amount not paid in shares shall be payable in cash at the rate of 103% of the amount owed within three (3) business days of the amortization date. None of these amounts may be paid in shares of common stock, however, if (1) the common stock (a) has not been registered under an effective registration statement under the Securities Act of 1933 or (b) is not otherwise covered by an exemption under the Securities Act or (2) Windswept is in default of the Laurus Replacement Note. The secured convertible term note may be prepaid by Windswept in cash by paying the holder 103% of the principal amount, plus accrued interest. Interest is payable monthly and accrues monthly at the prime rate plus 2%, with a minimum rate of 7.25%. Windswept's obligations under the Laurus Replacement Note are collateralized by all of Windswept's assets. The holder of the Laurus Replacement Note may convert all or a portion of such note, together with interest and fees thereon at any time into shares of common stock at an initial conversion price of $0.09, subject

to adjustments in connection with any reclassification, stock splits, combinations, dividends or additional stock issuances made to persons other than Laurus. Upon an issuance of shares of the common stock of Windswept below the conversion price, the initial conversion price of the Laurus Replacement Note will be reduced to such issuance price.

On September 12, 2005, Windswept issued 1,500,000 shares of its common stock to Laurus pursuant to Laurus' partial exercise of its option to purchase such shares at an exercise price of $.0001 per share, or $150 in the aggregate pursuant to the option, dated June 30, 2005, issued by Windswept to Laurus.

The Laurus Replacement Note and the Laurus shares were sold in private offerings pursuant to exemptions from registration under Section 4(2) of the Securities Act of 1933, as amended.





Item 9.01 Financial Statements and Exhibits.

10.01 Amended and Restated Secured Convertible Term Note, dated September 9, 2005, issued by Windswept to Laurus.
10.02 Option, dated June 30, 2005, issued by Windswept to Laurus (Incorporated by reference to Exhibit 10.3 to Windswept's Form 8-K filed July 7, 2005).

[gmarc66]

Hi digitx

Ok, thanks digitix..i will keep an eye on it.

Good luck!

julia

Hi Julia,

Hope you are doing well. I was wondering if you got into this WEGI stock or not. Seems to be going down a lot. I am panicking like crazy. Saffey said in one of his posts that he will only sell at $1. So I am wondering. Any input from your end.

-digit

Sorry ditix..i didn't see this earlier question of yours.
I did get out of wegi last week. I was thinking about getting back in as I mentioned above..but,haven't done that as of yet.  Still just wondering where the support is here.
This may be it?

Well..saffey seems to have good faith in this stock...and it is in a demand sector right now...so, perhaps its just taking a breather and doing its normal retracements after such a nice ride. It may be good for some more..maybe alot more...we may just have to be patient, I hope it turns out really well for you.

Does saffey have any further insighs to offer?


I guess we will see in the next day or two if the 8k will have any effect on the price.

Good luck!

julia