Geheimtipp Worldwater!!
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Eröffnet am: | 31.05.04 17:24 | von: Mr.Duck | Anzahl Beiträge: | 39 |
Neuester Beitrag: | 30.11.04 14:44 | von: Nussriegel | Leser gesamt: | 7.882 |
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Hab heute morgen mal erste Position aufgebaut zu 38 Cent!
Aktuellster Bericht steht im Aktionaer!
Nach Obducat und L.A.M.P. hab ich jetzt mal ne kleine Position bei Worldwater aufgebaut!
mfg:)
Im Moment macht mich der Chart allerdings nicht ganz so glücklich. Sieht einerseits sehr downtrendig aus, andererseits warte ich auch täglich darauf, dass das mal zu ende ist. Sämtliche Analyse-Tools sagen sell oder hold.
Die Darstellung unten und der MACD sehen eigentlich schon nach ner Einstiegsmöglichkeit aus. Hmmm....und nun?
Kicky schrieb drüben im Thread
http://www.ariva.de/board/188200/...09889&search_id=&search_full=&174
auch was zu Liquiditätsengpässen etc.
Trotzdem hat stockguru sein "attractive" bestätigt. Ich kenne stockguru aber nicht wirklich, so dass ich das nicht bewerten kann.
ich habe mir auch angewöhnt, meine Infos im anderen Thread rein zu hängen.
kommste mit rüber?
Gruß,
Nussriegel
sie haben eben fett investiert. Nun hoffen wir mal, dass die Liquidität ausreicht.
Im Moment werden immer noch billige Stücke auf den Markt geworfen. Ob das mal aufhört, damit der Wert endlich wieder fahrt aufnimmt? Hoffen wir´s!
Schönen Tag,
Nussriegel
15-Nov-2004
Quarterly Report
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS
STATEMENTS IN THIS QUARTERLY REPORT ON FORM 10-QSB CONCERNING THE COMPANY'S OUTLOOK OR FUTURE ECONOMIC PERFORMANCE; ANTICIPATED PROFITABILITY, GROSS BILLINGS, COMMISSIONS AND FEES, EXPENSES OR OTHER FINANCIAL ITEMS; AND STATEMENTS CONCERNING ASSUMPTIONS MADE OR EXCEPTIONS TO ANY FUTURE EVENTS, CONDITIONS, PERFORMANCE OR OTHER MATTER ARE "FORWARD LOOKING STATEMENTS" AS THAT TERM IS DEFINED UNDER THE FEDERAL SECURITIES LAWS. FORWARD LOOKING STATEMENTS ARE SUBJECT TO RISKS, UNCERTAINTIES, AND OTHER FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE STATED IN SUCH STATEMENTS. SUCH RISKS, UNCERTAINTIES AND FACTORS INCLUDE, BUT ARE NOT LIMITED TO, (1) THAT THERE CAN BE NO ASSURANCE THAT THE COMPANY WILL GROW AND OR MANAGE ITS GROWTH PROFITABLY, (2) RISKS ASSOCIATED WITH ACQUISITIONS, (3) COMPETITION, (4) THE COMPANY'S QUARTERLY RESULTS HAVE FLUCTUATED IN THE PAST AND ARE EXPECTED TO FLUCTUATE IN THE FUTURE,
(5) THE LOSS OF SERVICES OF KEY INDIVIDUALS WHICH COULD HAVE A MATERIAL ADVERSE EFFECT ON THE COMPANY'S BUSINESS, FINANCIAL CONDITION OR OPERATING RESULTS AND
(6) RISKS ASSOCIATED WITH OPERATING IN EMERGING COUNTRIES.
OVERVIEW
WORLDWATER CORP. IS AN INTERNATIONAL SOLAR ENGINEERING AND WATER MANAGEMENT COMPANY WITH UNIQUE, HIGH-POWERED SOLAR TECHNOLOGY PROVIDING SOLUTIONS TO WATER SUPPLY AND ENERGY PROBLEMS WORLDWIDE. UNTIL 2002, THE COMPANY WAS A DEVELOPMENT-STAGE ENTERPRISE ORGANIZED TO DESIGN, DEVELOP, MANUFACTURE AND MARKET SOLAR WATER PUMPING SYSTEMS FOCUSED ON HELPING DEVELOPING COUNTRIES WITH WATER AND POWER ISSUES. THROUGH RESEARCH AND DEVELOPMENT, THE COMPANY CREATED PROPRIETARY SOLAR TECHNOLOGY CAPABLE OF OPERATING PUMPS AND MOTORS UP TO 600 HORSEPOWER USED IN IRRIGATION, WATER UTILITY PUMPING SYSTEMS AND REFRIGERATION. THIS INCREASED POWER CAPABILITY, COUPLED WITH GROWING ENERGY SHORTAGES IN THE UNITED STATES, HAS OPENED DOMESTIC MARKET OPPORTUNITIES THAT HAVE NOW BECOME THE PRINCIPAL FOCUS OF ITS BUSINESS. THE COMPANY HAS FOCUSED ITS EFFORTS ON AGGRESSIVELY MARKETING THIS PROPRIETARY SOLAR TECHNOLOGY DOMESTICALLY IN CONJUNCTION WITH ITS ON-GOING INTERNATIONAL EFFORTS. IN THE U.S., THIS INCLUDES PUBLIC AND PRIVATE COMMERCIAL MARKETS, PARTICULARLY IN CALIFORNIA, NEW JERSEY AND OTHER STATES WHICH OFFER INCENTIVES FOR RENEWABLE ENERGY SOURCES. THE COMPANY CONTINUES TO SEEK OPPORTUNITIES THROUGHOUT THE WORLD, INCLUDING THE PHILIPPINES, WHERE IT MAINTAINS A SUBSIDIARY, THE MIDDLE EAST (PRIMARILY IRAQ), AND AFRICA.
RESULTS OF OPERATIONS
THE COMPANY GENERATED REVENUE FROM THE SALE OF SOLAR EQUIPMENT AND THE RECOGNITION OF GRANT REVENUE DURING THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003. TOTAL REVENUE WAS $ 61,040 IN THE THIRD QUARTER OF 2004 COMPARED TO $76,817 IN THE THIRD QUARTER OF 2003. TOTAL REVENUE WAS $4,217,514 AND $1,224,078 FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003, RESPECTIVELY. THE DIFFERENCE IN REVENUE BETWEEN QUARTERS AND BETWEEN YEARS IS ATTRIBUTABLE TO THE COMPANY'S DEPENDENCE ON INDIVIDUAL SYSTEM INSTALLATIONS.
THE COMPANY HAD A MAJOR EQUIPMENT SALES PROJECT IN CONSTRUCTION DURING THE THIRD QUARTER OF 2004. THE PROJECT WAS COMPLETED IN THE FOURTH QUARTER OF 2004 AND OUR CUSTOMER HAS BEEN FORMALLY NOTIFIED BY THE SERVING UTILITY THAT ALL REQUIREMENTS HAVE BEEN MET TO INTERCONNECT AND OPERATE THE 225 KW PHOTOVOLTAIC ELECTRIC GENERATING FACILITY. THE COMPANY USES THE COMPLETED CONTRACT METHOD OF REVENUE RECOGNITION AND THEREORE DID NOT RECOGNIZE REVENUE IN THE THIRD QUARTER FOR THIS PROJECT.
EQUIPMENT SALES AND GRANT REVENUE FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 WERE $4,000,000 AND $217,514, RESPECTIVELY, AS COMPARED TO $1,107,485 AND $116,593, RESPECTIVELY, FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003. EQUIPMENT SALES INCREASED BY $2,892,515 OR 261 % AS COMPARED TO THE PREVIOUS YEAR AND GRANT REVENUE INCREASED BY $100,921 OR 87 %.
IN THE FIRST QUARTER OF 2003 WORLDWATER INSTALLED FOR THE FIRST TIME ITS SOLAR PROPRIETARY TECHNOLOGY SYSTEM TO DRIVE A MAJOR COMMERCIAL REFRIGERATION SYSTEM. THE SYSTEM INSTALLATION RESULTED IN $913,749 IN REVENUE IN 2003. DURING THE SECOND QUARTER OF 2004, THE COMPANY SERVED AS EXCLUSIVE PV SUPPLIER TO THE CONTRACTOR, FOR A ONE-MEGAWATT PV INSTALLATION DELIVERED TO CERRO COSO COMMUNITY COLLEGE IN RIDGECREST, CA. THE AMOUNT OF REVENUE RECORDED FOR THIS PROJECT DURING THE NINE MONTHS ENDED SEPTEMBER 30, 2004 WAS $4,O00,000.
GRANT REVENUE FOR THE QUARTER ENDED SEPTEMBER 30, 2004 WAS $ 61,040, AS COMPARED TO $53,568 FOR THE QUARTER ENDED SEPTEMBER 30, 2003. GRANT REVENUE INCREASED $7,472 OR 14 % AS COMPARED SAME PERIOD IN THE PREVIOUS YEAR.
THE COMPANY ENTERED THE NEW JERSEY AGRICULTURAL MARKET IN 2003. THE NEW JERSEY BOARD OF PUBLIC UTILITIES (BPU) HAS AUTHORIZED A COMPREHENSIVE RANGE OF INCENTIVES. IN DECEMBER 2003,THE COMPANY WAS AWARDED A RENEWABLE ENERGY ECONOMIC DEVELOPMENT GRANT BY BPU IN THE AMOUNT OF $300,234 OF WHICH $ 134,513 WAS FUNDED BY BPU IN 2003 AND DEFERRED UNTIL 2004. DURING THE NINE MONTHS ENDED SEPTEMBER 30, 2004, THE COMPANY COLLECTED $ 90,661 OF THE GRANT AND RECOGNIZED $ 202,514 OF THE GRANT AS REVENUE. IN THE THIRD QUARTER OF 2004, THE COMPANY COLLECTED $25,020 OF THE GRANT AND RECOGNIZED $ 46,040 AS GRANT REVENUE RELATED TO THIS AWARD.
COST OF SALES
COST OF SALES FOR THE QUARTER ENDED SEPTEMBER 30, 2004 AND 2003 WERE $311,669 AND $76,676, RESPECTIVELY.
COST OF SALES FOR EQUIPMENT INCREASED $212,637 TO$241,313. DURING THE THIRD QUARTER THE COMPANY COMMENCED CONSTRUCTION OF A CONTRACT FOR $2,OO1,692 FOR A 225 KW SOLAR-DRIVEN IRRIGATION SYSTEM WHICH HAS BEEN COMPLETED IN THE FOURTH QUARTER OF 2004 AND HAS DEFERRED THE APPLICABLE REVENUES AND EXPENSES OF $651,411 AND $1,812,296, RESPECTIVELY AT SEPTEMBER 30,2004. THESE AMOUNTS HAVE BEEN INCLUDED IN THE LINE ITEMS CUSTOMER DEPOSITS AND DEFERRED CONTRACT COSTS, RESPECTIVELY, ON THE BALANCE SHEET. UNDER THE CONTRACT THE COMPANY HAS GUARANTEED THE PRICE OF CERTAIN RENEWABLE ENERGY CREDITS (RECS) TO BE GENERATED BY THE SOLAR SYSTEM DURING THE FIRST SEVEN YEARS OF OPERATION. BASED ON CURRENT MARKET INDICATIONS THE COMPANY ESTIMATES ITS GUARANTEE OBLIGATION MAY RESULT IN A LOSS OF $393,617 WHICH IS TIED TO THE FUTURE MARKET AND TRADING VALUE OF RECS GENERATED IN CALIFORNIA. WITHOUT THE KNOWLEDGF OF THE FUTURE VALUE OF THESE RECS,THE COMPANY HAS RECORDED A LOSS THE ESTIMATED LOSS AS A LIABILITY ON THE BALANCE SHEET AS OF SEPTEMBER 30,2004.
AS OF SEPTEMBER 30, 2004 THE COMPANY ESTIMATES A NET LOSS (ESTIMATED GROSS PROFIT ON EQUIPMENT SALES OF $152,304 MINUS THE ESTIMATED RECS GUARANTEE OBLIGATION OF 393,617) OF $241,313 ON THE CONTRACT. THIS ESTIMATED LOSS HAS BEEN RECORDED IN THE COST OF GOODS SOLD SECTION OF THE INCOME STATEMENT. DEFERRED COSTS AND REVENUES OF THE PROJECT WILL BE RECOGNIZED WHEN THE PROJECT IS COMPLETED. THE ESTIMATED RECS GUARANTEE OBLIGATION OF $393,617 WILL BE TREATED AS A REDUCTION OF REVENUE IN THE PERIOD THE PROJECT IS COMPLETED. ADJUSTMENTS TO THE ESTIMATED GUARANTEE OBLIGATION WILL BE RECOGNIZED AS AN ADJUSTMENT OF REVENUE OVER THE SEVEN YEAR TERM OF THE GUARANTEE OBLIGATION.
COSTS ASSOCIATED WITH GRANT REVENUE INCREASED $22,356 TO $70,356 ON AN INCREASE IN REVENUE OF APPROXIMATELY 14%.
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003 COST OF SALES WERE $4,234,382 AND $873,213, RESPECTIVELY. COST OF SALES OF EQUIPMENT INCREASED $3,231,267 TO $ 4,003,397 ON A 261 % INCREASE IN EQUIPMENT SALES. COSTS ASSOCIATED WITH GRANT REVENUE INCREASED $129,902 TO $230,985 ON A 87% INCREASE IN GRANT REVENUE DURING THE NINE MONTHS ENDED SEPTEMBER 30, 2004.
GROSS PROFIT (LOSS)
GROSS LOSS FOR THE QUARTER ENDED SEPTEMBER 30, 2004 WAS $250,629. THE COMPANY RECOGNIZED A GROSS PROFIT OF $141 IN THE SAME QUARTER IN 2003. IN 2004, THE GROSS LOSS ON EQUIPMENT SALES FOR THE THIRD QUARTER WAS $241,313 AS COMPARED TO A LOSS OF $5,427 IN THE THIRD QUARTER OF 2003. A GROSS LOSS OF $9,317 WAS RECOGNIZE ON GRANT REVENUES FOR THE THIRD QUARTER WHICH IS REFLECTIVE OF TIMING DIFFERENCES IN RECOGNITION OF REVENUES VERSES COSTS AND EXPENSES ATTRIBUTABLE TO GRANT REVENUE.
THE COMPANY HAD A GROSS LOSS OF $16,868 FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND A GROSS PROFIT OF $350,865 DURING THE SAME PERIOD IN 2003. THE GROSS LOSS ON EQUIPMENT SALES FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 WAS $3,397. THE COMPANY HAD A GROSS PROFIT ON EQUIPMENT SALES FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003 OF $335,355.
THE GROSS LOSS EXPERIENCED IN THE FIRST NINE MONTHS OF 2004 IS ATTRIBUTED TO (A) REQUIRED ONE-TIME DEVELOPMENT AND ADDITIONAL ENGINEERING AND CONSTRUCTION COSTS ON COMPANY PROJECTS THAT REPRESENTED THE TWO LARGEST FIRST-TIME PROJECTS OF THEIR TYPE, AND (B) RECOGNITION OF THE ANTICIPATED REC GUARANTEE OBLIGATION ASSOCIATED WITH ITS PROJECT IN CONSTRUCTION EXCEEDING THE ESTIMATED GROSS PROFIT FROM EQUIPMENT SALES.
THE COMPANY HAD A GROSS LOSS OF $13,471 ON GRANT REVENUE IN THE FIRST NINE MONTHS OF 2004 AS COMPARED TO A GROSS PROFIT OF $15,510 FOR THE SAME PERIOD IN 2003. THE GROSS LOSS IS ATTRIBUTABLE TO TIMING DIFFERENCES IN RECOGNITION OF REVENUES VERSES COSTS AND EXPENSES ATTRIBUTABLE TO GRANT REVENUE.
MARKETING, GENERAL AND ADMINISTRATIVE
MARKETING, GENERAL AND ADMINISTRATIVE EXPENSES WERE $827,646 FOR THE QUARTER ENDED SEPTEMBER 30, 2004 AS COMPARED TO $613,631 IN 2003, AN INCREASE OF 35 %. THIS INCREASE IS PRIMARILY ATTRIBUTABLE TO AN INCREASE IN SALES EFFORTS AND ASSOCIATED STAFFING NECESSARY TO DEVELOP THE DOMESTIC MARKET. THE COMPANY HAS GRADUALLY INCREASED ITS STAFFING LEVELS, BUT HAS FOUND IT NECESSARY TO HIRE CONSULTANTS FROM TIME TO TIME, THEREFORE INCREASING COSTS INCURRED AS COMPARED TO THE SAME PERIOD IN 2003. MARKETING, GENERAL AND ADMINISTRATIVE EXPENSES FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003 WERE $2,348,327 AND $ 2,087,634, RESPECTIVELY.
DEBT AND EQUITY SOURCING FEES AND COMMISSIONS
THE COMPANY HAS INCURRED SUBSTANTIAL FEES AND COMMISSIONS ,INCLUDING INVESTOR RELATION FEES, RAISING BOTH DEBT AND EQUITY REQUIRED TO FUND ITS WORKING CAPITAL NEEDS. IN THE THIRD QUARTER OF 2004 AND 2003 THE COMPANY INCURRED $ 782,514 AND $316,967, RESPECTIVELY, AND FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003 $1,726,082 AND $381,967, RESPECTIVELY, OF FINANCING FEES AND COMMISSIONS,INCLUDING INVESTOR RELATION FEES.
IN THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30,2004 $468,000 AND $1,116,962, RESPECTIVELY OF THE DBT AND EQUITY SOURCING FEES AND COMMISSIONS REPRESENT THE NON CASH FAIR VALUE ESTIMATED COST OF WARRANT DETERMINE USING THE BLACK SCHOLES MODEL.
RESEARCH AND DEVELOPMENT
RESEARCH AND DEVELOPMENT EXPENSES WERE $60,577 FOR THE QUARTER ENDED SEPTEMBER 30, 2004 COMPARED TO $90,862 IN 2003. FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003 THE COMPANY INCURRED $155,167 AND $278,342, RESPECTIVELY, IN RESEARCH AND DEVELOPMENT EXPENSES.
LOSS FROM OPERATIONS
OPERATING LOSS FOR THE QUARTER ENDED SEPTEMBER 30, 2004 WAS $1,922,201 AS COMPARED TO $1,021,319 FROM THE PREVIOUS YEAR. THE OPERATING LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 WAS $4,246,444 AS COMPARED TO $2,397,078 FOR THE SAME PERIOD IN 2003.
INTEREST EXPENSE
INTEREST EXPENSE INCREASED TO $333,225 IN THE THIRD QUARTER 2004 AS COMPARED TO $201,763 IN THE THIRD QUARTER OF 2003. THIS REFELCTS THE INCREASE IN CONVERTIBLE DEBT OUTSTANDING DURING THE RESPECTIVE PERIODS AND THE GREATER AMORTIZATION OF ORIGINAL ISSUE DISCOUNT ATTRIBUTABLE TO THE VALUE OF WARRANTS THAT WERE ATTACHED TO THE CONVERTIBLE DEBT WHEN ISSUED.
INTEREST EXPENSE FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 INCREASED TO $1,588,090 AND INCREASE OF $1,165,930 OVER THE $422,160 EXPENDED IN SAME PERIOD IN 2003. THIS INCREASE REFLECTS THE ADDITIONAL DEBT CONVERTIBLE DEBT OUTSTANDING DURING THE PERIOD AND THE SIGNIFICANT INCREASE IN THE AMORTIZATION OF ORIGINAL ISSUE DISCOUNT ATTRIBUTABLE TO THE VALUE OF WARRANTS THAT WERE ATTACHED TO THE CONVERTIBLE DEBT WHEN ISSUED.
INCOME TAXES
THE COMPANY RECOGNIZED NO INCOME TAX (BENEFIT) EXPENSE FOR THE THIRD QUARTER AND FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004.
THE COMPANY PARTICIPATES IN THE STATE OF NEW JERSEY'S CORPORATION BUSINESS TAX BENEFIT CERTIFICATE TRANSFER PROGRAM (THE "PROGRAM"), WHICH ALLOWS CERTAIN HIGH TECHNOLOGY AND BIOTECHNOLOGY COMPANIES TO TRANSFER UNUSED NEW JERSEY NET OPERATING LOSS CARRYOVERS AND RESEARCH AND DEVELOPMENT TAX CREDITS TO OTHER NEW JERSEY CORPORATION BUSINESS TAXPAYERS. THE COMPANY HAS SUBMITTED APPLICATIONS TO THE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY (THE "EDA") TO PARTICIPATE IN THE PROGRAM FOR TAX LOSSES INCURRED IN 2003 AND 2002. THE SALE IS ANTICIPATED TO BE COMPLETED IN THE FOURTH QUARTER OF 2004.
IN THE EVENT OF A CHANGE IN OWNERSHIP, THE TAX REFORM ACT OF 1986 (THE "ACT") PROVIDES FOR A POTENTIAL LIMITATION ON THE ANNUAL USE OF NET OPERATING LOSS (NOL) AND RESEARCH AND DEVELOPMENT TAX CREDIT CARRYFORWARDS THAT COULD SIGNIFICANTLY LIMIT THE COMPANY'S ABILITY TO UTILIZE THESE CARRYFORWARDS. ACCORDINGLY, BECAUSE TAX LAWS LIMIT THE TIME DURING WHICH THESE CARRYFORWARDS MAY BE APPLIED AGAINST FUTURE TAXES, THE COMPANY MAY NOT BE ABLE TO TAKE FULL ADVANTAGE OF THE NET OPERATING LOSSES AND CREDIT CARRYFORWARDS FOR FEDERAL INCOME TAX PURPOSES.
LIQUIDITY AND CAPITAL RESOURCES
THE NET INCREASE IN CASH FROM ALL ACTIVITIES DURING THE FIRST NINE MONTHS OF 2004 WAS $170,898. AS COMPARED TO AN INCREASE OF $103,998 IN 2003. THE CASH USED IN OPERATING ACTIVITIES WAS $3,926,410 COMPARED TO $1,553,615 IN 2003. THE INCREASE IN USE OF CASH FOR OPERATING ACTIVITIES IS ATTRIBUTABLE TO THE INCREASE IN DOMESTIC SALES EFFORTS AS THE COMPANY TAKES AN AGGRESSIVE APPROACH IN CAPTURING THIS MARKET OPPORTUNITY, AND COST INCURRED TO OBTAIN EQUITY AND DEBT. THE CASH USED IN INVESTING ACTIVITIES WAS $21,576 AS COMPARED TO $52,321 DURING THE FIRST NINE MONTHS IN 2003.
THE COMPANY FINANCED ITS OPERATIONS THROUGH THE SALE OF STOCK, ISSUANCE OF CONVERTIBLE DEBENTURES AND TERM NOTES AND THE SALE OF SOLAR EQUIPMENT AND COLLECTION OF GRANT REVENUE DURING THE FIRST NINE MONTHS OF 2004 AND 2003. THE CASH PROVIDED BY FINANCING ACTIVITIES DURING THE FIRST NINEMONTHS OF 2004 WAS $4,119,904 AS COMPARED TO $1,725,739 IN 2003. IN THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003, THE COMPANY ISSUED THREE YEAR CONVERTIBLE NOTES TOTALING $1,262,550 AND $1,340,000, RESPECTIVELY, TO INSTITUTIONAL AND ACCREDITED INVESTORS. THE CONVERSION FEATURE OF THE CONVERTIBLE NOTES RESULTING IN THE RECORDING OF BENEFICIAL CONVERSION INTEREST, A NON CASH OPERATING CHARGE, OF $427,167 AND $192,334 IN THE NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003, RESPECTIVELY.
DURING THE FIRST NINE MONTHS OF 2004 THE COMPANY ISSUED $936,403 IN NOTES PAYABLE AND REPAID $406,752. IN APRIL, 2004, IN CONJUNCTION WITH THE ENTERING THE SPA, DESCRIBED IN NOTE 5 OF THE FINANCIAL STATEMENTS, THE COMPANY BORROWED $ 800,000.
DURING THE FIRST NINE MONTHS OF 2003, THE COMPANY ISSUED NOTES PAYABLE OF $613,000 AND REPAID NOTES PAYABLE AND LONG-TERM DEBT OF $577,261.
THE COMPANY GENERATED CASH THROUGH THE SALE OF COMMON STOCK OF $1,950,000 AND EXERCISE OF WARRANTS AND OPTIONS OF $381,503 DURING THE FIRST NINE MONTHS OF 2004. DURING THE SAME PERIOD IN 2003 THE COMPANY GENERATED CASH THROUGH THE EXERCISE OF WARRANTS OF $15,000.
AT SEPTEMBER 30, 2004, THE COMPANY HAD A WORKING CAPITAL DEFICIENCY OF $903,697 AND A STOCKHOLDERS' DEFICIENCY OF $3,588,933.
THE COMPANY EXPECTS TO CONTINUE TO INCUR LOSSES UNTIL SUCH TIME AS IT GAINS
GREATER MARKET ACCEPTANCE OF ITS TECHNOLOGY AT SELLING PRICES AND VOLUMES
WHICH PROVIDE ADEQUATE GROSS PROFIT TO COVER OPERATING COSTS AND GENERATE
POSITIVE CASH FLOW. WORKING CAPITAL REQUIREMENTS WILL DEPEND UPON NUMEROUS
FACTORS, INCLUDING THE LEVEL OF RESOURCES DEVOTED TO THE SCALE-UP OF
INSTALLATION ACTIVITIES, AND INCREASED SALES AND MARKETING. MANAGEMENT HAS
DEVELOPED A FINANCIAL PLAN TO ADDRESS WORKING CAPITAL DEFICIENCY AND TO INCREASE
THE CASH PROVIDED BY FINANCING ACTIVITIES. SINCE EARLY 2000, THIS HAS INCLUDED
THE ISSUANCE OF PREFERRED STOCK, RESTRICTED AND NON-RESTRICTED STOCK AND
CONVERTIBLE DEBENTURES. THE FINANCIAL PLAN HAS RESULTED IN SUFFICIENT FUNDING
FOR OPERATIONS TO DATE AND IS ANTICIPATED TO ADEQUATELY FUND OPERATING DEFICITS
EXPECTED TO BE INCURRED IN 2004.
AS PART OF THE FINANCIAL PLAN IN APRIL, 2004 THE COMPANY ENTERED INTO A
SECURITIES PURCHASE AGREEMENT ("SPA") WITH SBI BRIGHTLINE VIII LLC. SUBJECT TO
THE TERMS OF THE SPA THE COMPANY MAY ISSUE AND SELL TO THE PURCHASER AND
PURCHASER SHALL PURCHASE FROM THE COMPANY UP TO 17,000,000 SHARES OF COMMON
STOCK WITH 5,100,000 WARRANTS IN THREE TRAUNCHES AS SHOWN BELOW SEE THE
SECURITIES PURCHASE NOTE ABOVE.
aber dabei ist wwat natürlich auch ordentlich in Vorleistung gegangen
(Zweigniederlassung eröffnet, Mark Pokryska eingekauft etc.)
Der Abschnitt unten z.B. belegt schon, dass da auch was geht. Dass das Irak-Geschäft geplatzt ist, war bestimmt ein herber Rückschlag. Spätestens in 2005 sollten sich die Umsätze ordentlich steigern, damit auch was hängen bleibt. Sonst kriegt Worldwater IMHO auch schnell ein Liquiditätsproblem. Man darf nicht vergessen, dass es sich um einen Pennystock handelt, der zwar großes Potenzial in sich hat, aber eben auch ein recht ordentliches Risiko. Ich sehe trotzdem höhere Chancen für die 1 € -Marke in 2-3 Jahren als für eine Pleite und bin deshalb auch dicker drin, als es vielleicht bei einem Pennystock schlau ist. Im Moment bin ich auch noch nicht wirklich nervös, auch wenn ich im Januar ehrlich gesagt nicht erwartet hätte, dass wir heute unter 0,20 stehen. Ich habe beruflich mit der Thematik zu tun und die Technologie, die WWAT anbietet, ist schon der Hammer. Und das bei einem unglaublich großen Markt. Hoffen wir mal, dass sie das Patent nun ordentlich vermarktet kriegen.
EQUIPMENT SALES AND GRANT REVENUE FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2004 WERE $4,000,000 AND $217,514, RESPECTIVELY, AS COMPARED TO $1,107,485 AND $116,593, RESPECTIVELY, FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2003. EQUIPMENT SALES INCREASED BY $2,892,515 OR 261 % AS COMPARED TO THE PREVIOUS YEAR AND GRANT REVENUE INCREASED BY $100,921 OR 87 %.
unter
http://www.worldwater.com/WW/PDFdocuments/10-QSB%20June%202004.pdf
findest du den Report zum 2. Quartal. 2004.
Schau auch mal die WO in die Threads, v.a. die Beiträge von Gegosi haben hand und Fuß. Er hat persönlich mit der Firma zu tun und blickt ohne Rosa brille etwas tiefer hinter die Kulissen.
Gruß,
NR
schnuckl
PENNINGTON, N.J.
WorldWater & Power Corp.
Debra J. Grady, 609-818-0700, ext. 14
or
Investor Relations
Trilogy Capital Partners
Paul Karon, 800-342-1467
paul@trilogy-capital.com
Company's AquaMax(TM) to Drive Pumps for Idyllwild Water District
WorldWater & Power Corporation (OTCBB:WWAT), maker of high-horsepower solar energy systems, has finalized a contract to install a 57-horsepower solar-powered pumping system at the Idyllwild Water District, in Idyllwild, California. It is the first use of large solar pumps by a water utility and the first use of WorldWater's AquaMax(TM) for this purpose, according to Quentin T. Kelly, WorldWater Chairman and CEO.
WorldWater, a full service provider of solar power solutions, will handle all aspects of installation of the $309,000 system. Half of that cost will be reimbursed to the Idyllwild Water District by Southern California Edison under the California rebate plan, which encourages use of solar and other renewable energy sources in the state. The contract is subject to an environmental review under the California Environmental Quality Act.
There are 450 public water districts and utilities in California to which WorldWater is proposing use of its proprietary solar powered AquaMax(TM) to replace use of diesel pumps and to reduce use of grid electric pumps, in order to address the state's air quality problems and high electricity costs.
"We are very pleased to be partnering with WorldWater on this project," said Terry Lyons, General Manager of the Idyllwild Water District. "In addition to providing electrical power to overcome power brown-outs, WorldWater's solar technology will enable Idyllwild to be the first water district to use solar power to operate its major wells and booster pumps, while providing additional cost savings and environmental benefits to our mountain community."
The WorldWater solar system will power one of Idyllwild's basic water delivery systems. It is anticipated to save the Water District approximately 70 percent of electrical costs on the meter system where it will be installed. The WorldWater system and products will provide all of the environmental advantages associated with clean solar power, and will serve as a backup source of electricity in the event of black- or brown-outs from the regional electrical supply grid.
"This is a breakthrough for clean energy use by the water utility companies -- it provides them the added value of backup power as well as saving significant amounts of money on their electric costs. Our solar power system will provide an important solution to the problems of grid power service and price fluctuations that all utilities in California face," said Mr. Kelly. "The fact that our AquaMax(TM) is capable of driving systems up 600-horsepower means that we can provide solar power solutions to nearly every water utility, no matter how large."
Work on the Idyllwild project will begin immediately following successful conclusion of the environmental study. Idyllwild is located in the San Jacinto Mountains between Los Angeles and Palm Springs, CA.
About WorldWater & Power Corp.
WorldWater & Power Corp. is a full-service, international solar engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's water supply and energy problems. The Company's recently patented AquaMax(TM) solar pumping systems are capable of driving motors up to 600 horsepower. For more information about WorldWater, visit the website at www.worldwater.com, or for investor-specific information, www.trilogy-capital.com.
Cautionary Language
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
Copyright © 2004 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
News Copyright © 2004 Interest!ALERT All rights reserved.
schnuckl
309.000$ x 450= 139.050.000 $ Umsatz...
Man stelle sich vor, Kalifornien tauscht demnächst 20 Pumpen( Diesel/Strom) gegen die Solarpumpen, so kommen wir auf einen Umsatz von 6,2 Mio $.
Und Amerika ist gross und Öl wird knapper werden.
Ich hoffe mal, dass diese Nachricht den Kurs wieder beflügelt und Vertrauen in die Zukunft schafft...
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Last TradedTransaction VolumeSentiment Stockscore / Rating Learn More -->Buyer (ID) Seller (ID)-->10:11:00 AM EST 12,00044 -->N/A N/A-->IndustryShares OutstandingMarket CapN/A63,544,95617,157,138P / E RatioEPSTrade Now N/AN/AChoose BrokerageDividendDividend DateYieldN/AN/AN/AConvert Currency... In Canadian Dollars In US Dollars Remove Conversion Quotes and charts delayed at least 20 minutes for NYSE/AMEX, 15 minutes for other exchanges.
News Releases:Results: 1 - 5 of 41 MoreReleaseDate / Time (EST) WorldWater Contracts to Install California's First Solar Powered Pumping System for a Public Water Utility11/22/04 6:00:00 AMWorldWater Reports Third Quarter Financial Results; Nine Month Revenue Jumps 245%11/16/04 4:03:00 PMTalking Stocks Updates its Report on WorldWater & Power Corporation10/25/04 6:01:10 AMWorldWater & Power Announces Successful Completion of World's Largest Solar Powered Irrigation System10/22/04 4:21:30 PMWorldWater & Power Announces Successful Completion of World's Largest Solar Powered Irrigation System10/22/04 4:20:00 PM
-- Biophan Technologies, Giant Motorsports and WorldWater & Power
to Present in Trilogy Capital's Emerging Growth Microcap Forum
Webcast on Nov. 30, 12:00 noon Eastern
-- Online Conference Focuses on Emerging Growth Microcap Public
Companies
Emerging growth microcap companies Biophan Technologies Inc. (OTCBB:BIPH), Giant Motorsports Inc. (OTCBB:GMOS) and WorldWater & Power Corp. (OTCBB:WWAT) will present strategic plans and other information about their companies in an online webcast open to all interested investors, scheduled to start at 12 noon ET on Tues., November 30.
The webcast will last approximately 20 minutes. To view the conference, register online as explained below. Conference and webcast information is as follows:
What: Biophan Technologies, Giant Motorsports and WorldWater &
Power Corp., will present at Trilogy Capital's Emerging Growth
Microcap Forum. This live over-the-Internet video presentation employs
a fast-moving, highly informative format. It features on-camera
presentations by CEOs with side-by-side streaming video and
informational slides.
Who: Conference Moderator: A.J. Cervantes, President -- Trilogy
Capital Partners, Inc.
When: Nov. 30, 2004, at 12 pm Eastern
Where: Please register at
www.trilogy-capital.com
. Simply log on
and you will be able to view the webcast.
Cost: The conference is free of charge and open to all interested
investors.
Archive: If you are unable to view the initial webcast, the Forum
will be archived for replay at
http://www.trilogy-capital.com
.
Contact: Paul Karon at (800) 342-1467 or
paul@trilogy-capital.com
schnuckl
ich hoffe auch gutes und bin schon seit Februar dabei. Mit 400% in drei Monaten hat die Aktie gezeigt, was sie kann. Sachlich ist das, was seit September passiert, für mich nicht nachvollziehbar. In anbetracht des Newsflows sollten wir ganz wo anders stehen.
Ich kann mir nicht vorstellen, dass wwat noch lange so rumdümpelt. Vielleicht kaufe ich auch noch mal einige nach. Hab aber schon so viele....*g*
Mal schaun.
Good trades,
Nussriegel
und in Amiland auch gleich +5%
PERIOD ENDING |
30-Sep-04 |
30-Jun-04 |
31-Mar-04 |
31-Dec-03 | ||
Total Revenue | 61 | 3,376 | 781 | 55 | ||
Cost of Revenue | 312 | 3,197 | 726 | 87 | ||
Gross Profit | (251) | 179 | 55 | (32) | ||
Operating Expenses | ||||||
Research Development | 61 | 57 | 38 | 227 | ||
Selling General and Administrative | 1,610 | 1,634 | 830 | 645 | ||
Non Recurring | - | - | - | - | ||
Others | - | - | - | - | ||
Total Operating Expenses | - | - | - | - | ||
Operating Income or Loss | (1,921) | (1,512) | (813) | (904) | ||
Income from Continuing Operations | ||||||
Total Other Income/Expenses Net | 2 | - | - | - | ||
Earnings Before Interest And Taxes | (1,919) | (1,512) | (813) | (904) | ||
Interest Expense | 333 | 401 | 854 | 163 | ||
Income Before Tax | (2,252) | (1,913) | (1,667) | (1,067) | ||
Income Tax Expense | - | - | - | - | ||
Minority Interest | - | - | - | - | ||
Net Income From Continuing Ops | (2,252) | (1,913) | (1,667) | (1,067) | ||
Non-recurring Events | ||||||
Discontinued Operations | - | - | - | - | ||
Extraordinary Items | - | - | - | - | ||
Effect Of Accounting Changes | - | - | - | - | ||
Other Items | - | - | - | - | ||
Net Income | (2,252) | (1,913) | (1,667) | (1,067) | ||
Preferred Stock And Other Adjustments | (10) | (10) | (10) | (10) | ||
Net Income Applicable To Common Shares | ($2,262) | ($1,922) | ($1,677) | ($1,077) |
aber immerhin ein buy
wurde aber auch wirklich mal wieder Zeit...
Gruß,
Nussiegel
11/29/04 Composite Indicator | |||
Trend Spotter TM | Buy | ||
Short Term Indicators | |||
7 Day Average Directional Indicator | Buy | ||
10 - 8 Day Moving Average Hilo Channel | Buy | ||
20 Day Moving Average vs Price | Buy | ||
20 - 50 Day MACD Oscillator | Sell | ||
20 Day Bollinger Bands | Buy | ||
Short Term Indicators Average: | 60% - Buy | ||
20-Day Average Volume - 187360 | |||
Medium Term Indicators | |||
40 Day Commodity Channel Index | Buy | ||
50 Day Moving Average vs Price | Buy | ||
20 - 100 Day MACD Oscillator | Sell | ||
50 Day Parabolic Time/Price | Buy | ||
Medium Term Indicators Average: | 50% - Buy | ||
50-Day Average Volume - 313218 | |||
Long Term Indicators | |||
60 Day Commodity Channel Index | Buy | ||
100 Day Moving Average vs Price | Buy | ||
50 - 100 Day MACD Oscillator | Sell | ||
Long Term Indicators Average: | 33% - Buy | ||
100-Day Average Volume - 343839 | |||
Overall Average: | 56% - Buy |
Ich beobachte wwat schon eine ganze Weile. Die Reaktionen speziell auch auf gute news sind eher verhalten. Umsatz in USA steigt z.T. heftig, Kurs seltener.
Als das IRAK-Geschäft geplatzt ist, war die Reaktion allerdings auch sehr gemäßigt.
Deshalb schau ich jetzt mal auf die Charttechnik. Und es scheint einigermaßen zu passen.
Warten wir´s mal ab.
Ich werd´s mal weiterhin im Auge behalten und berichten, wenn´s was zu sagen gibt.
Gruß,
NR