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February 02, 2011 05:31 pm
Far East Wind Power (FEWP) on the OTC exchange.
This company is run by a major former utility executive in China and has several wind farm projects in the works.
It has been staying in the $.20 to $.30 range mainly because they have the projects, but not the financing. Tobin Smith has indicated on his blog that there will be a financing announcement next Monday. If this announcement is real and it happens within a couple weeks with no major strings, this stock will probably immediately double and from there I would expect a few dollars per share within a year or two.
Worth looking at as a play on Chinese green energy, either as a trade or a long term hold. Good way to diversify one's holdings in mining and traditional energy.
Despite a lot of complaints, I have found Tobin Smith to be both knowledgable and well-connected.
The other stock, CHTL is, in my opinion, about as close to a sure thing as there is for a $.20 stock. Again, this is a Tobin Smith pick and there has been a prolonged soap opera of accusations etc. over the past 18 months or so. However, look at this stock and tell me how it will fail. They are doing the 4G infrastructure for most of the major Chinese cities as well as in Peru. They have a Canadian Real Estate company who has pledged to finance them and has been forwarding money as needed for $1.50 per share! In addition they have a Bank loan, etc. They are expecting to begin signing up customers shortly and expect to be booking an incredible amount of revenue starting later this year. Everything is proceeding as planned despite the early hiccups when some prior financing fell through. Do your own due diligence, but this may be a "once-in-a-lifetime opportunity. TS has a private fund set up to invest in this company and is on the verge of passing 5% ownership on the way towards a controlling interest. Look at this one carefully. There is a lot of garbage talk on the internet, but the real probability is that this company has unlimited potential that is about to be unleashed.