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WorldWater & Power Corp. (WWAT.OB)
JULY 2007 PICK --- *** WWAT ***
WorldWater & Power Corporation operates as a solar engineering and project management company. It provides solar electric technology and expertise with water and power solutions. The company offers AquaMax system, which is capable of operating pumps and motors up to 600 horse power for irrigation, refrigeration and cooling, and water utilities, consists of an electronic board that reads and translates the output of solar electric direct current from solar panels, converting the flow into alternate current (AC) for delivery to the electric grid, water pumps, and various 3-phase AC motors. Its other products include AquaDrive Controller and AquaMeter water meter. The company’s photovoltaic system generates electricity from the sun. WorldWater was founded in 1984 and is headquartered in Pennington, New Jersey.
Share Structure based on the 10-Q file 14 Aug 06:
authorized 200,000,000
140,163,853 issued and outstanding at June 30, 2006 (note: this does not include another 45mil shares that could dilute from debt conversion, options, and preffered shares)
Also- at the 8 Sep 06 annual meeting, the company had a vote to increase the authorized to 275million shares. This is to cover the series C converted stock in relation to acquiring Entech.
MAJOR DIRECT HOLDERS (FORMS 3 & 4)
Holder --- Shares --- Reported
QUERCUS TRUST --- 21,592,500 --- 19-Jul-07
GELBAUM DAVID --- N/A --- 2-Jul-07
GELBAUM MONICA CHAVEZ ---N/A --- 6-Jun-07
KELLY QUENTIN T --- 6,387,000 --- 30-May-07
BROWN JAMES SCHLAFLY ---1,029,103 --- 18-Jun-07
Stocks Reporter.com has received no compensation in the form of cash or securities for coverage and has no position of WWAT shares.