Have been following Indian Wells (IWWC) for a while. It has a great story, with financing from and connections to Indian tribes and reservation development.
Met management earlier this year and was impressed with them. Have been told that they will start production this summer or fall at their first plant, and are moving on additional plant financing and development at at least four other Indian reservations. With their recent $8MM funding, they qualify for small cap NASDAQ, except for share price. They have a website - www.indianwells.net. Check out Yahoo for press release details.
Recently IWWC has been down with steady buying - trades around 100K-150K per day, with some days as high as 250K. Closed today at 2.06-2.12.
Does anyone have new information about it -- are their other investors out there? |
