13 June 2012listing compliance notice▼ BadMajor
Wind Works Power Corp. suspended its duty to file periodic reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
15 May 2012late filing notice▼ Bad
Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.
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.
14 Feb 2012late filing notice▼ Bad
Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.
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.
14 Nov 2011late filing notice▼ Bad
Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.
27 Sept 2011late filing notice▼ Bad
Wind Works Power Corp. notified the SEC that its annual report would be filed late.
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.
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.
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.
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.
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.
16 May 2011late filing notice▼ Bad
Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.
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.
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.
3 Mar 2011asset acquisition disposition▲ GoodMajor
Wind Works agreed to sell five of its Ontario wind projects (50MW combined, all holding Feed-in-Tariff power contracts) to Premier Renewable Energy for roughly $107,625 plus expense reimbursement and an ongoing royalty -- its first move to cash out part of the ZEP portfolio rather than build it out itself.
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.
15 Feb 2011late filing notice▼ Bad
Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.
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.
12 Nov 2010late filing notice▼ Bad
Wind Works Power Corp. notified the SEC that its quarterly report would be filed late.
28 Sept 2010late filing notice▼ Bad
Wind Works Power Corp. notified the SEC that its annual report would be filed late.
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.
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.
17 June 2010material agreement▲ GoodMajor
Wind Works agreed to buy 100% of the Wind Park Burg 1 project in Germany from Aquavent GmbH for about EUR900,000 -- a fully permitted site with a 20-year power purchase agreement already in place, its first project with an actual offtake contract.
5 May 2010securities registration● Neutral
Wind Works Power Corp. amended a filing by which it registered a securities offering with the SEC.
23 Mar 2010securities registration● Neutral
Wind Works Power Corp. registered a securities offering with the SEC.
12 Mar 2010director interest notice● Neutral
Thomas Leopold Tschiesche became a Wind Works Power Corp. company insider (initial ownership filing).
12 Mar 2010director interest notice● Neutral
Ingo Stuckmann became a Wind Works Power Corp. ceo president and company insider (initial ownership filing).
12 Mar 2010director interest notice● Neutral
Wind Works Power Corp. director James Gregory Wilson bought 300,000 shares on the open market.