Sec Delists Solar Wind Energy Tower, Inc.

[FTW]

Here is another company that defaulted on their reporting to the SEC and has been delisted from the stock market.

While their website "name" is still active, no information is available on it. However we were able to obtain "some" information that was used in the past.

"The Solar Wind Downdraft Tower is a hollow cylinder reaching skyward into the hot dry atmosphere heated by the solar rays of the sun. Water injected near the opening at the top makes the dry air heavy causing it to sink towards the bottom of the Tower creating wind velocity which drives turbines."

Here is another blurb about the company.
"Maryland-based Solar Wind Energy, Inc. is currently developing a 685 metres (2,247 ft) tower. Under the most recent design specifications, the Tower designed for a site near San Luis, Arizona, has a gross production capacity on an hourly basis, of up to 1,250 megawatt hours. Due to lower capacities during winter days, the average hourly output per day for sale to the grid for the entire year averages approximately 435 megawatt hours/hr."

And now comes the delisting from the SEC for not filing their paperwork for several years.

Solar Wind Energy Tower, Inc.

The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Solar Wind Energy Tower, Inc.(“SWET” or “Respondent”) pursuant to Rule 240(a) of the Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the purpose of settlement of these proceedings initiated against Respondent on 9/16/2019, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”)

Solar Wind Energy Tower, Inc.(“SWET”) (CIK No. 95572) is an active Nevada corporation located in Annapolis, Maryland with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). SWET is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Qfor the period ended September 30, 2016. As of June 26, 2019, the common stock of SWET was quoted on OTC Link, had six market makers and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

DELINQUENT PERIODIC FILINGS

As discussed in more detail above, the Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters

https://www.sec.gov/litigation/admin/2019/34-87241.pdf