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I have spent countless hours and days searching for news from June through July on all of the projects listed in the white paper, and from all of the articles release in the April timeframe.
I have read tons of government news articles, gone to numerous websites, and still cannot find anything current.
The Harit Khadi article release a couple of days is the exception.
A couple of other articles are out there as well on the same location: Edna Adan Hospital in Hargeisa, Somaliland
https://bitcoinafrica.io/2018/04/30/somaliland-blockchain-renewable-energy-scheme/
http://www.somalilandpress.com/somalilandon-site-power-scheme-begins-with-health-centre-installation/
There was a huge media blitz back in April. Another one is due for follow-up.
Thanks gimio and Smilin_B.
I have been sick all week. Just went out to get some Gatorade.
First time I have left the condo in 5 days.
I might sign-up for Telegram later this week.
I too hate seeing where our stock is currently trading. It's painful to watch. Today will probably be much of the same. And we all agree we need news released.
I am probably not the best person to talk to Dan.
While my intentions would be good, I tend to come off over aggressive and to direct at times.
Also, both versions of the White Paper stated Harit Khadi (LOI), Letter of Intent.
The Pilot kind of aligns with the LOI in my opinion. But I have no clue what details in the LOI are. It was never made public as far as I know. One would think what we need to know is in the LOI.
I personally think: POC, Pilot, Trial, and LOI, and one and the same.
I'm with you. I don't know either.
But I sure wish ImpactPPA would roll out their plan in a form or a press release.
1 - it might stop a lot of the day-to-day PM's, calls, and messages Dan gets involved with. I am thinking he will fly out to India soon and he needs to focus on business.
2 - Hopefully they can tie back the deliverables outlined in the May 15 press release to current day status and provide some detail on what they plan on accomplishing through the end 2018, outlining specific milestones they need to meet along the way.
This whole day to day, piece meal of info coming from Dan has to end soon one would think ?
I know, I've always been aggressive lol
The 1st installation was complete over the weekend. It is being called a 'pilot'.
The ribbon-cutting ceremony, if I have this correct from Blizz post, is September 1?
According this this article the government plans to employ several million women through its initiative with ImpactPPA by the end of 2018.
So why the pause now from July 23, through August 31?
Shouldn't more trucks be on their way to the new sites?
What is the plan to scale-up, and when will it commence?
Will ImpactPPA start issues press releases on progress? Or is this not part of their business model moving forward?
Excerpt from May 15 Globenewswire release:
The first installations are expected to be completed in June with a ribbon-cutting ceremony inaugurating the project presided by Prime Minister of India Narendra Modi at the first textile processing facility in Khanawa where ImpactPPA is providing 100KW to power the plant and 2KW systems to begin deploying the solar powered looms for production. The Indian government plans to employ several million women through its initiative with ImpactPPA by the end of the year.
https://globenewswire.com/news-release/2018/05/15/1502409/0/en/Indian-Government-Partners-with-ImpactPPA-to-Power-50-Million-Jobs.html
Frank / All:
#1 - I didn't sell. It didn't make sense to sell at these low levels.
More importantly is the Harit Khadi project article and pics.
After reading the article, and looking a the pics, which at first glance didn't impress me as much as I thought they would, I came to the following conclusion and want to run it by you guys.
1 - This is a pilot. Not sure if this is a multi phased pilot or not, but a question for Dan. I vaguely recall someone in the past said it was a 'trial'.
2 - No one in there right mind would ever think 8 looms that took basically 1 month to get up and running, with 49,999,992 to go, would make any kind of impression on any investor. Unless there is a plan in place to scale-up operations.
3 - Maybe, just maybe this is the plan Dan keeps referring to
= after the pilot, the Indian government, or a 3rd party, conducts testing of the equipment, and compare the actual test results to benchmark numbers. If the numbers look good and the government certifies the pilot installation(s), then a large infusion of money is injected into ImpactPPA from the Indian government to ramp-up the remaining 49,999,992.
I see no reason Dan cannot divulge the plan to roll-out the 49,999,992. Sure would nice to see the plan along with supporting financials.
If he could publish the plan, and the pilot is approved, then everything is a go from 'that' point on.
I could be wrong, but maybe it's not so far fetched?
I added my comments in red from Blizz message. This is my take on this whole mess. Please do not make any investments decisions based on what I say. I will be selling tomorrow.
1- The stock issuance was to pay off an old debt. Probably a good thing.
2- The Modi thing is probably put off til September. This will not move the $WSTI PPS in a sustainable manner. However, it could hurt his ability to secure additional capital investors for his ImpactPPA start-up. The guy needs to deliver something.
3- The legal process (attorney fees etc) has cost a lot of money and there is not much left to continue with that or to do filings AT THIS TIME. I am not sure if the legal counsel is still retained (again have to confirm this ) This one really sucks. "At This Time" is another play on words.
4- There will be some good news for WSTI shareholders shortly (again I do not know what exactly this is. Another play on words: "shortly"
5- The plan remains for ImpactPPA to get funding to start funding WSTI projects. The key word here is 'plan'. The July 19 video was all I needed to see that Dan is struggling to secure the capital he needs to move forward with his 'plans'.
6- Dan has been quiet publicly apparently because he feels it protects shareholders from conversions that might happen to hurt shareholder interest should he start firing off press releases. Not sure how this works so this is on my question list. Yeah, at the .0006 and .0005, and most likely lower tomorrow, it is not protecting anyone's best interest. I do not see how he can possible argue that now.
OTHER INFO from the past few days
1- A least a few big money players are interested in ImpactPPA. I question how much capital ImpactPPA currently has left? And also question what their Q3 and Q4 capital projections will be? Where can I find this info, or is this another transparency issue?
2- Someone else is trying to organize something to buyback OS shares and invest some money to move this to levels higher than what I thought was probable. Blizz, this is too vague. Without any facts to support this comment, I will just believe it when I see it. For now, I am dismissing this unless you can provide some facts to substantiate it.
Over the last week I have spoken to lots of people and pretty much everyone agrees on a lot of things.. but mainly that it is time for a lot more transparency for these reasons. Agree with everything you outlined in this section.
1- IT has been over 2 months since the "Soon" "shortly" "solid plan stuff". Add "in the upcoming months" and "in the pipeline". If he ever uses these words again, I will not believe him. My problem here is he used these catch phrases back in April and May, then repeatedly keeps using them which sets off alarms for investors.
2- Modi was released in press release not on our timetable but the company's timetable and that has been delayed.
3- We saw issuance of shares to settle debts but do not know the current status of debts or any progress in order for people to make informed decisions
4- People worry that Impact has been using WSTI installations, employees, IP etc yet WSTI has no money to put out financials and disclosures with whatever this "licensing fee" amounts to.
I'm here. Same as what NVGUY just said.
I bet you anything that 1 of these Windstream projects in the pipeline ready to deploy is Haiti.
A couple of months ago Dan said they are in the process of engineering the other 42 cites in Haiti when ask for progress on the video I watched.
I am basically saying there are other solutions to solve the scalability problem.
ImpactPPA needs to think big, and from what I read in the White Paper, they are.
Not a easy problem to solve, but definitely solvable.
Long term, I would love to see more Windstream manufacturing sites, however, business is business, and if it were my company I would hate turning down contracts because I could not meet demand.
True, but also keep in mind that ' ImpactPPA is looking globally to strategically align itself with companies and partnerships that share our vision and will add value and accelerate our presence in the industry'.
So while I tend to agree with you, moving forward it may not always be the case.
Unfortunately there is a lot of competition. If you follow the Solar Charkha Mission news in India you can see the companies that submit bids for each government auction.
Historically the L1 companies, the start-up companies have been winning the contracts because the current bidding process allows each company submitting a bid, to see the other companies bids.
The India government has admitted the majority of the contracts are being given to the L1 bidders because it cost the government less money. The problem here is these L1 bidders are finding out they are losing money and many are going bankrupt.
With all of the recent complaints, they are thinking about moving away from the current bidding process, to a tender system where no company can see the other companies bids.
So basically the way I see it is ImpactPPA needs to deliver Harit Kahdi ASAP and make an impression to the government with there product. The July auction is over. ImpactPPA was not a player.
The other thing to keep in mind moving forward are the ImpactPPA Solar Only Projects. The Smart Meter is owned by ImpactPPA. Look at the White Paper and you will see it with the ImpactPPA company name and logo. I do not believe there will be a revenue stream for Solar Only projects for Windstream Technologies moving forward as new contracts are secured.
Yes it would. Dan has admitted on 1 of his videos that scalability is his biggest problems.
Windstream Technologies Inc is a partner of ImpactPPA.
Dan Bates is the CEO of ImpactPPA and the CEO of Windstream Technologies Inc.
One would think there is a conflict of interest?
Maybe, just maybe, a Windstream Technologies Inc reorg is about to be announced, along with the restructuring announcement. Where a new CEO will be appointed for Windstream Technologies.
This might also be the driving factor behind Dan not wanting to discuss $WSTI, and ImpactPPA on Telegram wanting everyone to go to Windstream site for $WSTI specific questions?
Crazy thought, but kind of makes sense to me.
That was a nice way of Jeff saying ImpactPPA will notify the government, then the people that handle PM Modi's schedule will inform ImpactPPA of PM Modi's arrival.
Modi's 2019 election campaign has kicked off. You can find his schedule online. It goes out about 1 week in advance. Very busy guy. Always traveling.
I am not an attorney, but I am pretty sure Fife's counsel advised him to file the 13G yesterday.
After what? 2 years? The timing of the filing is interesting.
And look, he apparently has no intention of selling today. Right?
He owns just under 10% of the company. Since Windstream is still in the dark, is it possible there are conversations behind the scenes by the attorneys going on to prepare the large investors in the company for what is about to occur?
Once again, I am not an attorney or an accountant, and have no experience in this area.
Here is the latest I can find on the LG lawsuit:
Note that the Docket was updated 9 hours ago, but I do not see anything on this website that shows what the update was.
https://www.pacermonitor.com/public/case/21675109/LG_Capital_Funding,_LLC_v_WindStream_Technologies,_Inc
My very first thought when I saw a 13G came out, was 'accounting'. Possibly someone cleaning up their books?
Schedule 13G is a Securities and Exchange Commission (SEC) form similar to Schedule 13D used to report a party's ownership of stock that is over 5% of a company's total stock. Schedule 13G is shorter and requires less information from the filing party. Ownership of over 5% in a publicly traded stock is considered significant ownership and, therefore, must be reported to the public.
To file SEC 13G instead of SEC 13D, the party must own between 5 and 20% of a company's stock. It also must be understood that the party acquiring the stake in the company is only a passive investor and does not intend to exert control. If these criteria are not met, and if the size of the stake exceeds 20%, form 13D must be filed.
https://www.investopedia.com/terms/s/schedule13g.asp
A lot of things are adding up quite nicely.
I saw of the messages about the new 13g. Then promptly went to the Windstream website and notice it was promptly updated. Tells me IR see's everyone's emails.
If you look at it on the surface, filing 13g's wasn't anything new. They have been filed in the past. But what is interesting to me is this is the first filing since 2016 and why now? hmmmm
Sounds to me like someone is getting all of their ducks in a row.
I smell change in the air.
What does a Power Purchase Agreement (PPA) mean in the utilities sector?
Great read for anyone interested.
https://www.investopedia.com/ask/answers/071415/what-does-power-purchase-agreement-ppa-mean-utilities-sector.asp
Traditionally, a power purchase agreement, or PPA, is a contract between a government agency and a private utilities company. The private company agrees to produce electricity, or some other power source, for the government agency over a long period of time. Most PPA partners are locked into contracts that last between 15 and 25 years, but they can otherwise vary dramatically in terms of commissioning process, curtailments, transmission issue resolution, credit, insurance and environmental regulations.
July 3, 2018 article: India Offers 8 Gigawatts Of Solar & Wind Capacity In Late June Tenders
SECI issued three tenders between June 22nd and June 30th, 2018, that offered a total of 8 gigawatts capacity in wind and solar power technologies. The first tender offered 2.5 gigawatts of solar-wind hybrid capacity. This is the first such tender, and the largest of its kind, in India history
https://cleantechnica.com/2018/07/03/india-offers-8-gigawatts-of-solar-wind-capacity-in-late-june-tenders/
July 8, 2018 article: Weavers in India's UP to get solar charkhas, khadi benefit
http://www.fibre2fashion.com/news/textile-news/weavers-in-india-s-up-to-get-solar-charkhas-khadi-benefit-243271-newsdetails.htm
July 18, 2018 article: Maharashtra will give spinning mills subsidies to set up solar power plants
https://indianexpress.com/article/india/maharashtra-will-give-spinning-mills-subsidies-to-set-up-solar-power-plants-5175737/
When is the .0012 coming?
To your first point and 2nd point, it doesn't surprise me. Having reported up to CEO's I would not expect anything less.
I realize the PPS keeps falling, but my personal opinion is our PPS will trade just like any other penny stock until news is released. This is just my opinion and I cannot guarantee anyone the eventual outcome.
To your last point, I completely agree.
This is my long version of what BDEL just posted, but in a more empathic way of summarizing where we currently stand.
Lets open this up for discussion. What legal advice from counsel would be given to Dan. Broad subject and I know we have discussed it before.
In addition to the above, lets project timing of the press release associated with the pending press release specific to $WSTI.
Best post tonight. Amen.
I know Blizz, no need to explain.
Rock, I have nothing against you, I really don't. As a matter a face a lot of things you have posted have driven me to look at our stock at a different angel, and pursue my own DD with a clear mind. As I have said before on this board, everyday I make a habit to clear my mind, take a step back, and re-assess.
Why do you think Dan is intentionally not de-registering? I look at this as a positive thing, but would love to hear you elaborate your thoughts please.
I for one, have done my due diligence. I see Bates past and it is a concern. However, this time round he has surrounded himself with good people, and a lot better chance of securing the financing he needs to move forward.
As a CEO of any company, you will never succeed unless you surround yourself with people that are onboard with your vision!
Just my opinion, I enjoy listening to everyone's thoughts.
Kind of what I was thinking. We are due for another slight run up anticipating news.
I tend to look at the day to day trading as a typical penny stock trade. Anticipating news, but when it doesn't come, who knows what will happen.
Long term, the news will come. Until then a spike up is about due. Not a huge spike, but never-the-less.
Probably not the best time to talk about business, so use a little common sense please.
Another opportunity might present itself in the near future, and showing respect and empathy for his loss could go a long way.
Anyway, my condolences.
They will eventually leave a white tag (I think, but not sure) telling you to pick it up yourself, that will be your last chance.
Blizz, next time load it up with drinks lol
Blizz: I still don't think anyone is foolish enough to flip the stock.
Any thoughts on todays trading session so far ?
Very true. After further digging it is from the 2013 10K filed on April 11, 2014 and covered the period ended March 31, 2014.
I cannot find anything recent.
Not sure if this is accurate or not, but this link, at the bottom of the page, shows how many shares of $WSTI Dan Bates holds.
Click on the Holding Summary tab at the bottom of the page.
http://insiders.morningstar.com/trading/insider-activity.action?t=WSTI®ion=USA&culture=en-us
Not sure what it is worth, but something to look at if this kind of thing interests you.
https://otcbb.swingtradebot.com/equities/WSTI:OTC
https://www.barchart.com/stocks/quotes/WSTI/opinion
I am not Rock, but my opinion is there is not enough volume for flippers to be confident enough to make a profit. And one would think they have moved on to other stocks that have more potential to flip.
I lean towards your #2.