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Wind Works Power Corp.

US:WWPW
No current share price held for this company.

Past year: ▲ 0%(0.00c – 0.00c USD)

Market cap
—
Shares on issue
—
Story beats
13 since 2009
Last event
28 Sept 2012

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

28 Sept 2012listing compliance notice▼ BadMajor

This amended Form 15 repeats the company's notice ending its registration under Section 12(g) and suspending its Section 15(d) reporting duty, citing about 250 holders of record. Signed by CEO Ingo Stuckmann, it continues the June 2012 deregistration, so the company will stop filing public reports with the SEC. The filing does not say what happens to shares or give a reason for the move.

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13 June 2012listing compliance notice▼ BadMajor

Wind Works Power Corp. suspended its duty to file periodic reports with the SEC.

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21 May 2012quarterly activities report▼ Bad

Wind Works Power Corp. reported quarterly revenue of $129 thousand and a net loss of $676 thousand for the period ended 2012-03-31.

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15 May 2012late filing notice▼ Bad

Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.

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21 Feb 2012quarterly activities report▼ Bad

Wind Works Power Corp. reported quarterly revenue of $0 and a net loss of $1.0 million for the period ended 2011-12-31.

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14 Feb 2012late filing notice▼ Bad

Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.

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21 Nov 2011quarterly activities report▼ Bad

Wind Works Power Corp. reported quarterly revenue of $0 and a net loss of $987 thousand for the period ended 2011-09-30.

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14 Nov 2011late filing notice▼ Bad

Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.

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27 Sept 2011late filing notice▼ Bad

Wind Works Power Corp. notified the SEC that its annual report would be filed late.

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9 Aug 2011material agreement● NeutralMajor

Wind Works financed its Thunder Spirit project (North Dakota) with a $1.93 million convertible-debenture bridge loan plus an $18.7 million credit line for grid interconnection -- convertible into up to 49% of the project -- and separately formed a joint venture with Aquavent to build a shared substation for its two Burg wind parks in Germany.

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25 July 2011material agreement● Neutral

Wind Works added two more German wind projects: a 50/50 cost-and-revenue-sharing deal on a 15MW site near Magdeburg, and a joint venture through its German ZEP subsidiary for a 6MW project near Frankfurt, paid for in staged installments totaling about EUR450,000.

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22 July 2011material agreement● Neutral

An outside investor extended a bridge loan, part of a planned $15.3 million funding commitment, to develop Wind Works' 50%-owned Snowy Ridge Ontario project under its Feed-in-Tariff award; Wind Works guaranteed the loan and pledged its equity stake as security.

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11 July 2011material agreement▲ GoodMajor

Wind Works secured about $10 million in non-recourse project financing for its Burg 1 wind farm in Germany and sold half its interest in the project for a $1.2 million down payment plus a royalty -- its most concrete step yet from paper pipeline to a financed, built asset.

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23 May 2011quarterly activities report▼ Bad

Wind Works Power Corp. reported quarterly revenue of $42 thousand and a net loss of $1.2 million for the period ended 2011-03-31.

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16 May 2011late filing notice▼ Bad

Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.

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16 May 2011material agreement termination▼ BadMajor

The March 2011 sale of five Ontario wind projects to Premier Renewable Energy collapsed: Wind Works terminated the deal for cause after Premier failed to pay agreed development costs, and had to refund Premier's $950,000 deposit -- reversing the divestiture and the cash it was counting on.

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18 Apr 2011material agreement● NeutralMajor

Wind Works' subsidiary ZEP bought a 75% stake in Thunder Spirit, a proposed 150MW North Dakota wind project, from Global Wind Harvest -- another company tied to CEO Ingo Stuckmann -- for a nominal $1,000 plus reimbursement of grid-interconnection deposits.

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3 Mar 2011asset acquisition disposition▲ GoodMajor

Wind Works agreed to sell five 50MW Ontario wind projects to Premier Renewable Energy for C$105,000 (about US$107,625) per megawatt. It would also be reimbursed up to $770,000 of development costs and receive a 2.5% royalty, subject to closing conditions including Ontario Power Authority consent.

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15 Feb 2011quarterly activities report▼ Bad

Wind Works Power Corp. reported quarterly revenue of $167 and a net loss of $1.5 million for the period ended 2010-12-31.

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15 Feb 2011late filing notice▼ Bad

Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.

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22 Nov 2010quarterly activities report▼ Bad

Wind Works Power Corp. reported quarterly revenue of $98 thousand and a net loss of $1.1 million for the period ended 2010-09-30.

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12 Nov 2010late filing notice▼ Bad

Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.

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28 Sept 2010late filing notice▼ Bad

Wind Works Power Corp. notified the SEC that its annual report would be filed late.

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22 Sept 2010joint venture update● NeutralMajor

Wind Works formed a 50/50 joint venture with EFI Energy Farming International to develop a 20MW wind project in Wassertruedingen, Germany, with its equity stake earned in stages as land, permitting and interconnection milestones are hit rather than granted upfront.

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9 Aug 2010material agreement termination▲ Good

Wind Works terminated a March 2010 agreement that would have let it put up to $10 million of stock to Kodiak Capital Group at a discount to market price, replacing it with a smaller investor-relations retainer paid in shares -- unwinding a dilutive financing arrangement before it was used.

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26 July 2010material agreement▲ GoodMajor

This amends the report of the June 8, 2010 agreement with Aquavent GmbH to buy 100% of Wind Park Burg 1, a two-turbine wind farm near Magdeburg, Germany, for EUR 900,000 (about $1,125,000). EUR 300,000 has been paid so far, the schedule was amended to pay the rest in stages through April 30, 2011, and closing is still subject to conditions. The project is described as fully permitted with a 20-year power purchase agreement, giving the company its first German project.

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17 June 2010material agreement▲ GoodMajor

Wind Works agreed to buy 100% of the Wind Park Burg 1 project near Magdeburg, Germany, from Aquavent GmbH for EUR900,000 (about $1.125 million). The park was fully permitted for construction and was to receive a 20-year power purchase agreement; closing was subject to conditions.

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5 May 2010securities registration● Neutral

Wind Works Power Corp. amended a filing by which it registered a securities offering with the SEC.

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23 Mar 2010securities registration● Neutral

Wind Works Power Corp. registered a securities offering with the SEC.

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12 Mar 2010director interest notice● Neutral

Thomas Leopold Tschiesche became a Wind Works Power Corp. company insider (initial ownership filing).

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