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I am not sure where things stand there. But we left off in where 3rd quarter 2015 was done, and we got an extension for 4th qtr 2015 but never filed annuals. I would assume much of 2015 is far along.
I did find out that a company can contact the SEC and do a multi-year 10K to catch up.
They could thus issue a 15-16-17 10K to catch up, then issue the quarterlies from then on. This process involves asking for, getting permission etc. This can help streamline things. Dan is aware of this process as I mentioned it to him.
I can imagine it would take some time. Estimates of cost are 200-250k.
Most likely we would see the annuals followed up by 10qs for quarters in 2017.
If funding happens I would think a PR would come out saying the restructuring so far and what is being done and the intention to immediately get started catching up on filings and maybe even some kind of timeline once the matter is discussed with counsel and accountants.
Great idea thank you!!! :)
Good morning,
I added a few WSTI notes to the blog page this morning also advertisers had a heckuva time buying coins on the exchange to refill the faucets but they are filled for now! New links included on blog page.. you can collect almost 50 today.
Going to set up follow up with water company. Still waiting on news on major stuff. Is there anyone out there that can take an email marketing letter and pop it into HTML somewhere where I can tweet it? I want to tweet the ICO whitelist letter about WSTI but too many characters of course but I can link a page with it on it easily.
Blog linkWSTI info and Coin taps
Thanks Sutt :)
Good evening!
I saw we only traded 150 bucks or so on the 4s today. What did the bid/ask shares close at as I was in appnts all afternoon?
Hopefully our faucets will restock soon, I know they have been buying coins frantically to do so so they should be almost there.
My work schedule is going to make it so ill mainly stop in the morning and then in the evening for a bit. Gonna have a bit of a crunch before the 9-15 and 10-15 extension deadlines at the office.
At least we got our press release we asked for and now it will be up to Dan to close one of the major large deals we discussed to move us forward.
Actually that was two lines out of two two posts loaded with good stuff links..videos etc and you actually brought it up to the top of the board to make a big deal about it.
I cannot make everyone's worries about every line we wrote in the past go away. We got our press release and we know where everything stands. We know much more about ImpactPPA than when I wrote that back in May.
I did not just write that. I wrote that months ago and we put up the DD for people that were new to the board.
It is from May I believe when I wrote that. It was all new to us and we did not know what we know now.
I think given what we know now I would be more positive than I was then based on the progress of some of the bigger projects have made. It would course be a lot easier if BTC breaks out here and recovers from the decline early in the year as many crypto investors had a lot of money to toss around 9 months ago etc.
Good morning $WSTI!
One of the faucets got refilled, link still on WSTI blog page but in case you missed it link is here:
PLus1 faucet
Got it up there :)
Thanks for catching that, I was able to see your correction and edit my post so it fixed it :)
Additional DD showing links/videos
More info for anyone new here or anyone that needs to review stuff from May
WSTI additional DD
DD Post for Newbies
This is from May but provides a lot of info for people just coming here
DD post
Anyone with Twitter
Re-tweet this link below if you can!
Getting the word out. Between #1 on Ihub , icowhitelist emailing thousands of people about Impactppa and twitter we got this covered pretty good.
$WSTI POST
Going to write an article on Linkedin as well! :)
Good evening !!
Yes sure is good to finally hear something! This was actually all better than I expected.
ICOwhitelist blasted ImpactPPA all over the coinworld late last week, I am sure some people will drift in from that. Plus we have the #1 Plus1d post on Ihub right now and all the people that will find the presser out there over the weekend.
As compared to 2 1/2 years ago when I first got in here we now know
1- We own 80% of India (up from 55%)
2- There is at least an intention/plan to come current
3- There has been good progress on debt reduction
4- We have a new factory
5- We have a formal relationship with ImpactPPA
In addition to that we know from the ImpactPPA news about the CCSA and Haiti, about the large India project and about about the continued press for ImpactPPA investors so we actually have multiple big things in the works.
And we have some communication. A PR, Dan posting here a few times, Dan being somewhat reachable, updates coming from ImpactPPA telegram and twitter sites etc..
Do not forget
To keep adding plusone coins. Not much in faucets now but advertisers are buying them on the exchange to refill the faucets. they should be back up shortly. When they refill and perhaps new ones come ill update the blog page since I was able to use the bonus referral coins to pay back some people that posted coins to the post :)
We did a great job with the pitch voting and with the plus1d post.
We do not know when the next news will drop and I used a chunk of coins Friday!
Hoard your Plus1! Few sellers out there!
They are having trouble even grabbing enough to refill the faucets, no one lets get of these things!
25-26 million total supply possible but not much mining producing coinage. A trickle yes, but not much..
and faucet purchases push the price up 100% or more trying to grab 100k.
Well I tend to be conservative but there are a few people I have talked to along the way, and everyone has their own idea of things. Some much higher but that would depend on pretty much everything going right and a bunch of stock owned by insiders.
.035 = prior market cap high.
One guy claims just the towermills alone are a billion dollar business and we do not even talk about that too much. Apparently there are 1,000s of these diesel powered things kicking around that need upgrading.
I would not count on huge prices, penny land is where we realistically can be. There are always stocks that go way higher than you think though so who knows..
I just hope Dan's interests align with us at least on this initial run. If he owns a lot of stock he can self fund this thing if need be.
He has been uncharacteristically quiet so I assume he is traveling somewhere. Hopefully that is good news!
Wow that seems like ages ago but was 3 months ago!
It is hard to tell if that preferred was ever issued or if it was there in case we needed it. If I recall how these things work they take the convertible debt out, roll to preferred that is convertible but with a wait window and the rights to xx percent of any capital raised as a pay down. Would work perfectly if we get a chunk of money in, but all speculative.
Also while we suspect ownership from insiders or the company could be substantially higher we have no info and TA does not show that. I been trying to find out how that could possibly work and the only thing I can come up with is no accurate info due to being dark or company buying stock and not cancelling.
But If it were me, I would have bought enough to own 50% since it would have cost only 100-200k or so at the time. It would make sense. So I am guessing he was smart enough to see this. Or perhaps lend his own money with his own note that he could convert if needed to keep control. Something like that.
Sometime soon $WSTI gear will be the rage! LOL
WSTI HAT
Quick question for you..
Watching the trading on plus1 today.. currently up to nearly 6 cents. I presume that is advertisers trying to refill the faucets. But I went on to tradesatoshi and while these trades are going through fast and furious on the IHUB platform (where you can watch the tick by tick) I am not seeing that trading on Tradesatoshi. Where is that happening? On another exchange?
Exactly!!
Those key points in the PR were very important. The intention is to get current and we have a few different paths to get there.
If we had just India I would give us a 50-50 shot but with 3-4 different ways I honestly believe at least one will pop. Once one does the company is also in a much stronger position going forward.
Also the WWS people have a huge pipeline as well as some other stuff that might come into play for the company if that relationship moves forward how I think it could.
After talking to the engineer rocket scientist on the mountain with the sat phone last night we hope that once WSTI moves for all of us we can be involved in the private placement for Impact shares which ill suggest to Dan. Dan has his own board and a goldman guy but I do feel free to suggest things LOL
So WSTI pops to penny land. In doing so we know Impactppa is loaded. So we take 10% of the gains and pop it in a PP for Impact (20 million-ish), then that comes public at 5-10x that level.
Impact would have prior to IPO 20 million plus in cash, a project pipeline of 1 billion, financing available , clean debt free balance sheet.
Bates will be a billionaire before this is over, and we tag along to live off the droppings.
Well there is one thing .. This never traded like it had that many shares outstanding.
Everyone that has been here a while suspected insiders bought up a ton of stock but it is not showing . However there is some question if being dark we just do not know of it. I would presume that even if it was the case it could not be released now as that would be something that would escalate the stock price. But if we get the money in that we need, get current and find out insiders own 40-50% of the float that will be a huge thing.
I am not Dan but if I was , I know I would have bought those shares. All of us long timers would have done that. So since most of this has played out exactly as we expected I would guess we are not far off the mark there.
There is one other option. In stock buybacks , the company usually cancels the stock and sends record of the cancelled shares to the Transfer agent who records them and reduces the OS. However, it is possible the company bought stock and did not cancel shares. I have been asking everyone I know about this but info about dark companies and such things is scarce even among people with experience.
My best guess now would be that people that post here have a billion or so shares, management has 2 billion shares or more and somewhere people I do not know own the rest.
That structure could be a key launching part of the stock when we get current.
Good post, I generally agree.
I do think however that this is a weird situation. Much the same as it has always been where we only need 3-4 million dollars and everything is different.
When I figured my .035 valuation it was based on 160 million market cap high this stock hit back 4 years ago or so. That was with only a few million in sales , a pipeline 1/15th the size and more debt than we have now.
But that was before India before Haiti, before Crypto, before the near 1 billion in total potential business out there in the pipeline. So while chances might be low, one big investor or big lump of money might just drop it in penny land for a much further later run than I even suspected being conservative using the old market cap high. Plus global climate change worries are high right now.
I do not have all the details on that stuff but I can mention what I think I know..
1- FIFE note was settled out when he issued those shares as I asked him
2- There are other notes, one of which is in court
3- Dan has expressed intention to squash conversion requests at these levels of stock price but would settle these out once a chunk of money comes in.
As for my analysis, if news comes on money a few things happen. First if WSTI stock price goes to penny land as it should the notes become less of a problem. But getting money and settling out a chunk of them would be best or some combo of both.
Good morning Gimlo!
I am so happy people got the release they needed to answer the many questions that were being tossed about and better understand where the company is.
Remember before people jump in too far we still have risks and things that have to happen but certainly we are way ahead of where we were a few years ago when we had no information, no plan and no huge contracts within sight.
So lets go through the potential things in the hopper that can solve the rest of the equation here.
1- India - Massive overall contract but done in pieces. The project has been started as you have seen pictures of the work done. In the video discussing this stage 1 piece it was said to be 100 million. I calculated from independent sources about 80 million (unless I did it wrong) but using the lower figure what has to happen is the company to finish the first part which is getting close and then India gives the company a PPA formal contract which can be financed against . The overall project takes many years but is absolutely huge when you calculate it out. We all know we were supposed to have a ribbon cutting in June, then maybe July now we are in late August. I think it has been a matter of scrambling to get just a bit of funds to finish up and my expectation is that we are within a few weeks of something happening there. So this is option 1
2- Haiti - Haiti was listed on the ImpactPPA whitepaper a while ago as being quite huge. In San Fran at the pitch for 2 million conference Dan mentioned it is 400 million. The CCSA logo on the Impact website is good and Dan who already had his installation that lit up a city in Haiti in action there seems to be one of the projects they want to fast track there. However fast track is a bit different in this case since you are dealing with other approvals and paperwork stuff that is not as advanced as India. Perhaps a few months but with formalized stuff (letters, agreements perhaps being out sooner). Haiti most likely done in chunks of 10-20 million at a time over 5 years.
3- Investors - There are some big ones Dan has reached out to and a bunch of smaller ones and some that even I put him in touch with. Any one of combo of these things can happen at any time. These are not things we will see paperwork on unless it is a larger earth shattering one in which case we will hear about it. And there are perhaps a few of those in the mix. Not done until papers are signed and money is in the bank, in which case I am sure Dan will fill his cooler and let us know.
4- One of the shareholders I have talked to for a long time (years) asked me to ask Dan a question after the CCSA happened. He wanted me to ask if the existing relationship with JPS (Jamaica Power Service) could be leveraged after the CCSA took place so I asked Dan and apparently that has already led to an expansion of opportunities within the accelerator. I do not know all the details but it seems to have helped and there are 2-3 countries where ImpactPPA might also be a player and some have asked for expanded use of the smart meters in other areas and I believe they included water on that list along with agriculture. I should have written down the countries but I believe one is Suriname near Guyana etc..
5-Preliminary and not much info but mostly speculation here. One of the ImpactPPA papers had something on it at the bottom regarding Kenya and I have been checking with people and doing some general research. Apparently they have huge money going towards renewable energy and blockchain and Windstream has long had things going on with Kenya, I believe something big is hatching there but have not got around to ask Dan about it and can find nothing official yet. But relatedly one of Bates people was asked to go somewhere (Travis?) recently to land more business in Africa. So what has happened since the CCSA is interest is literally everywhere developing and some stuff we know about , some stuff we do not know about yet.
So what happens is we have more than India in the hopper now. So closing one big thing gets us in the game, a few we are really good, investor money and a deal or two we are golden. We might even run the table as everyone wants this stuff and his biggest problem is going to be getting enough help as I believe he will get a lot of this business
This is of course not even talking about the potential for water/agriculture/internet and other things that come along with some of this work.
So we have a ways to go. Deals /investors close, Dan settles up legacy issues and we are off. That is the basic plan.
As much as I know and you all know, even Dan, no one knows exactly when things will happen. It can literally happen today, next week, a month from now or more crazy waiting who knows. But with multiple irons in the the fire and the right tailwinds of the worries over climate change I think we are in the right place at the right time for a bit of luck here.
Just some advice, do not put mortgage money in this or go too heavy. We just got through the first stage of getting some answers out. If we get things rolling there will be chances to up things with less risk. I know some people just throw wads of dough around but seriously be cautious we are still high risk but in the game at least.
Thank you! Every little bit helps, spent a ton of coins today (over 4k) got 70% back (ones promoting the post) but also was proud of the crew and rebated them many of the coins they tossed in since they had less than I did.
Hopefully the fountain will fill again when the horse's time is up to drink again :)
Thanks look forward to chatting more.
First 10 I got was really 2 and change as that is all the faucet had! LOL
But I did get 1 more 10 after than and a few .1 's
Oddly I have never had a 1.0 coin win.
Faucets bone dry now, just when I need to restock LOL
Hi there and thank you :) I am on trade satoshi. Everything went smoothly in getting up to speed there.
I had discord on the laptop but for some reason when booting up occasionally I had a bit of weirdness going on because of it so I deleted it. Downloaded app but other than the plusone forum which I received an invite for a while back I actually do not know how to find other forums LOL
I just made a quick post saying I am a big fan of plusone on there so you can find me.
Not an expert in any of this stuff but like the low total coins, low market cap, ease of use here. Also I like how people are actually using the coin when most coins are just ideas with a multi year rollout of some dudes late night musings about renting bikes in Singapore or something LOL
Id like to seriously discuss options for PlusOne.
Recently ,as part of investor pitch voting, we helped a company with the vote.I immediately though of plusone coin as being ideal for crowdfunding ideas ratings but also for raising small capital to put on the events etc.
I got to know some people involved in that project and can make an intro.
Today I have the #1 PlusOne'd Post
It was a group project for a stock which finally (after 3 years) issued its first press release. It is now #1 on Ihub page one with 6600 plus one coins :)
I had the other shareholders collect coins for a good month or so. I put many of my own coins up (but 70% come back to me using them on my post). And received hundreds of coins from referral codes over the last month.
The test of this worked really well.
Next step talking up plusone with crowdfunding site scheduled to launch in January. Gonna reach on on discord to whoever is running the show here.
Of course the faucets are pretty dry right now, but it seems like they are buying coins on the exchange to refill, so maybe more coins for all tomorrow!
Thanks for the tip!
If you read about Form 15, if you have over 500 shareholders you do not qualify to file it. So it is not an option as stated in the release itself!
First press release in 3 years deserves #1 spot on IHUB :)
Great group effort as always !
Just wait until the next one comes out.
Regardless of what some people thought of this one, it was needed to clear up questions and outline the path we have. Stuff that we all sorta figured out but that some people needed to hear.
Today over 138 million shares traded and we closed up a tick. Lots of new eyes on this since the PR and as FrankP pointed out people will digest this over the weekend.
Good points Track so lets take them slowly...
First this PR has been delayed for weeks, not sure exactly how long but 3 weeks at least..
Second The India thing is positive. We use to own 55% , now own 80%. Dan had sold part of the India operations 3-4 years ago and the buyers , I forget the group but can find them somewhere I am sure, never paid part of the price on the note so we clawed back some of the equity from them. So we own more now which is really important since the India project is huge.
Regarding "disinterested" . It really means when two companies negotiate you want things to be fair as in what is usually called an "Arms length transaction". Everyone is interested but both companies have their own interests so they negotiate a deal with objective people. it is pretty standard/common.
As for the factory move. When people move a manufacturing operation from one place to another it takes some time. You could be in a new place and still moving. You might also want to be moving without telling everyone you are going so you can get your stuff done etc.
Nothing bad in any of that stuff in my opinion. But very good points raised.
WOW
Never saw this one before! Thanks for posting it!
Ohms, this is some info on the one I hooked Dan up with . It will be up to both companies to decide if they work together and in what way etc but the call and follow up went well. I know RSH looked at a few out there as well, definitely look into it!
Info post on WWS
Thanks Computer!
It is a good crew here ...
1- We won the voting in San Fran after being down 17, won by over 35 by working together
2- We hatched this plan in advance, everyone collected, bonus coins accumulated and we had enough to get to #1
This is only the start though. Funny thing with all the craziness today I did not even read that release carefully enough as I actually missed a few things.
Both the raising capital and the Impact relationship were both seen as ways to provide funding for updating filings. And the debt part was good as well.
I was so excited I skimmed and my brain did not register everything.
Great bunch of people here, well deserving of good things!
Good question,
I think the area is in eastern India not near the ocean. But if you recall I hooked Dan up with WorldWater & Solar and the meeting went well. Dan also has other water things in mind as he is getting asked about it more.
I am pretty excited about the water potential myself.
WOW , SAM nailed it!
Geez I totally missed that! Good job Man!
On this link below scroll down a bit , look on left side
IHUB page 1
It is ok Track, hang on for the next time we need some!
I tried to give people back some if not all of their coins. As long as people keep drawing coins every day from the blog page ill use my own coins and bonus coins to upvote the WSTI press releases and return a bunch back to people, I want people to have coins :)
She is the best! People write about her, she is one of the few at the top of the game when it comes to the Crypto connection.
Great lady as well!
Hope to meet her at the party!