SOEN.OB (Solarpower)

[Stocky2000]

 

[pompano]

Was going to post this one today.  Chart speaks for itself.

[pompano]

Great news.

http://biz.yahoo.com/iw/060530/0131946.html

[422fwhp]

A gem indeed.

http://www.otcbbcoverage.com/stockquotes.php?ticker=Nasdaq_OTCBB_NYSE_AMEX_PINK_SHEETS

[422fwhp]

Researching more and I'm a bit skeptical.

IMO, there is no way they can build the facility below for $600,000 so they are going to have issue more shares and raise more money and they will dilute themselves to hell. The information below was filed just 20 days ago and my conclusion is these guys are using "solar" and "china" together to extort your money. I could be wrong but maybe I am right so cautious investing to all, please.

Item 2. MANAGEMENT'S PLAN OF OPERATION
We have not generated any revenues from products, services or operations since the inception of our company. The foregoing analysis should be read jointly with the financial statements, related notes, and the cautionary statement regarding forward-looking statements, which appear elsewhere in this filing.

Plan of Operation for the Next Six Months

In March of 2006, the Company decided to abandon its previous business relating to residential security and alarm systems and instead decided to attempt to develop a business in the photovoltaic ("PV") or solar industry.

In May of 2006, the Company raised $1,000,000 from the sale of 1,000,000 units (the units being comprised of 1,000,000 common shares at $1.00 per share and 1,000,000 share purchase warrants exercisable for a period of one year at an exercise price of $1.60 per share (none of which have yet been exercised)) under a Regulation S offering. These funds, the Company believes, will allow it to proceed in the development of its solar business for the next six to twelve months.

The Company's priorities in developing operations are as follows:

  (a)  invest approximately $600,000 of the $1,000,000 proceeds of our recent sale of shares of common stock build infrastructure at our recently leased factory in Shanghai, China, including hi-voltage power supply system, hi-volume water supply system, waster-water processing system, air-conditioning system, temperature/moist control system for solar cell production workshops, and office interior remodeling.

     
  (b)  Architecture design of a solar-powered showroom on the roof of our leased factory.

     
  (c) recruit additional personnel experienced in the solar or PV industry in the areas of research and development with the view to having research and development functions in twelve to eighteen months; and 
     
  (d) establish materials purchasing and sales distribution capabilities in California, where April Zheng and Leo Shi Young are presently resident and have begun to look at the feasibility of marketing and distributing PV products in the United States.


Our future operations are dependent upon the identification and successful completion of additional long-term or permanent equity financing, the support of creditors and shareholders, and, ultimately, the achievement of profitable operations. There can be no assurances that we will be successful, which would in turn significantly affect our ability to roll out our business plan. If not, we will likely be required to reduce operations or liquidate assets. We will continue to evaluate our projected expenditures relative to our available cash and to seek additional means of financing in order to satisfy our working capital and other cash requirements.

The following discussion of the plan of operation, financial condition, results of operations, cash flows and changes in financial position of our Company should be read in conjunction with our most recent financial statements and notes appearing elsewhere in this Form 10-QSB; and Reports on Form 8-K filed during our most recent quarter and subsequent to the period end of that quarter.

We continue to operate with very limited administrative support, and our current officers and directors continue to be responsible for many duties to preserve our working capital.

[la-onda]

 (OTC: SOEN) Market Advisors Places Intermediate Target Price of $4.37
Wednesday, June 07, 2006 07:00 ET

LAKE HARMONY, PA -- (MARKET WIRE) -- 06/07/06 -- Solar EnerTech (OTCBB: SOEN) is positioned to become a major player in the solar PV market. The company has assembled a team of world class industry experts, begun construction of a huge solar cell manufacturing and R&D facility in China, established sales and marketing operations in California and targeted markets with high demand for solar energy -- all critical milestones in its mission to become a leading provider of solar cells and applications to the global marketplace.

The company operates marketing, purchasing and distribution divisions in Southern California's Silicon Valley and has formed a strategic relationship with InfoTech Energy Efficiency, a US-based power system supply firm manufacturing components in America and exporting them to China.

For more information, go to http://www.growthstockanalyst.com

[Stocky2000]

looks good here could breakout tomorrow

[Stocky2000]

1 hour to go ..we are at 1.75 already

[Stocky2000]

Good entry yesterdy at 1.22

[setravis]

Profile


Solar Enertech Corp.
1600 Adams Drive
Menlo Park, CA 94025
United States - Map
Phone: 650-688-5800
Web Site: http://www.solarenertech.com

DETAILS   
Index Membership: N/A
Sector: Services
Industry: Business Services
Full Time Employees: NaN


BUSINESS SUMMARY   
Solar Enertech Corp., a development stage company, does not have significant operations. It intends concentrate on the development of a sales network and construction of a manufacturing facility for production of solar cells to capitalize opportunities in the photovoltaic energy industry. The company, formerly known as Safer Residence Corporation, was founded in 2004 and changed its name to Solar Enertech Corp. in April 2006. Solar Enertech is based in Coquitlam, Canada.

[setravis]

Pure Speculation.... 

This may have placed a double bottom in...

52wk Range: 0.66 - 2.18

Volume: 639,896
Avg Vol (3m): 602,209


Double Bottom (Reversal)
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in between.

Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.

It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.

[setravis]

Excuse me ket1390 .   
I didn't see this thread you have on this pick.
I will get Ramsburgh to merge the one I started with yours. 

[Stocky2000]

NEWS OUT 

Solar EnerTech Corp. Rolls Out First Solar Modules -- Launches SolarE as Brand Name
Tuesday November 28, 9:00 am ET


MENLO PARK, CA--(MARKET WIRE)--Nov 28, 2006 -- Solar EnerTech Corp. (OTC BB:SOEN.OB - News) (the Company) wishes to announce that on November 23rd, the Company achieved a significant goal as the first batch of solar modules rolled off its newly assembled production line, exactly one week earlier than its planned end-of-November product launch, announced on November 2nd.
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To commemorate the occasion, Management invited a group of visitors including Shanghai government officials to attend the event. Company CEO Leo Shi Young delivered a brief speech thanking all those individuals who have contributed to the launch, and further affirmed that this milestone is the direct result of months of round-the-clock effort by everyone involved, especially the technical, engineering and subcontractor teams working diligently alongside Company Management. Guests and employees cheered the long-awaited results of those efforts as Leo Young unveiled two dozen dark blue solar modules arrayed at the end of the Company's first production line. Each high conversion module represents 170 watts of quality-built solar electric power generating capability ready for delivery.

Company COO Jack Yin stated, "Each cell is carefully tested for conversion rate and durability before they are mounted to a module panel. Then testing occurs a second time by a specialized unit that automatically tests and exports product data to a software program that records, analyzes, and outputs the critical specifications of that particular module prior to packaging and shipment. Using these methods, we can confidently guarantee delivery of a high-quality product as a commitment to our customers."

During the event, it was further announced that the Company intends to market its products employing the name "SolarE" as a brand-identity for upcoming sales efforts. Before the ceremony concluded, Management also revealed it intends to ship as many as two to three containers of the product during December in anticipation of its marketing efforts and to capitalize on the growing demand for the product.

[Stocky2000]

this was easy yesterday a doji; today news was kind of obvious.......otcbb live!....in with 18 000 shares at 0.71 sold 8000 already; rest for the ride.

[wisebuys]

Any thoughts on where your ride may take you?

Thanks in advance.