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Sorry as in biggiesmalls? LOL
Sorry takes a while to write things up..
Good morning! - Info from Dan Bates
First , let me apologize for the delay here. In the last two nights I have been on the phone for approx 9 hours and just finished up a call with a good friend I never spoke with who has been here for years on the board.
I spoke with investors big and small and enjoyed those conversations. Some totally awesome people involved here.
I wanted to get where everyone was coming from before speaking to Dan and get a lot of questions answered and also get an idea of where we are heading here. Just as a reminder, I tell all both good and bad, but do not get overly excited or depressed based on any one thing until I discuss stuff after the list also with you and others and the followup..
Bullet points first for an easy list to review before commentary..
1- 209 million shares issued resolved and took out a toxic lender. It was a guy that stood by Dan , never blew up the OS count and he felt it was the right thing to do.
2- Dan stated he would not approve any conversions from any others left at these levels.
3- Dan re-iterated what we already heard about the financials costing 200-300k, and the chicken or egg syndrome. More work than they can even imagine but in need of some minor funds just to get this a bit further.
4- Related to 3- and very importantly. While he could not tell me the "plan" for clean up as that is nonpublic info. He intends to fund organically through purchase orders coming from major projects which apparently are coming from all different places but also some new stuff.
5- No final details or guarantees but apparently they keep landing business and some stuff we heard about is happening (Can someone message me that last youtube video with the guy with the messy bedroom I have to re-watch it so I can offer more info). He said within the next week or two there will be an an ImpactPPA announcement that people will read as really helping WSTI. HE might not have said those exact words but people can put 2 and 2 together.
6- Modi is actually anxious to do the ribbon cutting and the office is calling them to set it up. It is only a matter of funding all this work to get things ready. We have an opportunity to make that happen sooner (will get to that later on the list)
7- When I mentioned about the plans to buy back stock and raise the market value to finance, he paused, said it would take too long but never said it was not a good idea and was not negative on it at all.
8- ImpactPPA is way bigger than we thought. As expected business is everywhere. I am hearing this from everyone but Dan mentioned some things and whatever revenue stream you think is there it is much higher I believe. I do not remember all the details .
9- I hope if Dan reads this he does not get upset at me but for full disclosure I pushed back on a few things. I wanted him to realize he is ahead of the curve on some things and that people with money are generally older and while in tune somewhat with crypto that a crypto money raise would be difficult. Also that people would be more in tune with what they are familiar with - equity and liquidity etc. I know that what he is talking about with these security tokens is true, it is where everything is going, exchanges are popping up and it will be the thing, BUT that is a step ahead of where investors are (not just us, but people in general with money). So I mentioned that to him. I also mentioned the series of events which led to all the chaos here. The rent situation, the stock issued, the lack of press releases etc.
10- As a result of what I mentioned in 9 just above. Dan stated he is willing to put together a deal of tokens AND STOCK for people interested to try to raise 500k. This would be accredited investors only. It would also (for now at least) include the 70% bonus tokens. He called it a hybrid investment . They would use that to immediately get India done. If people are accredited investors with money contact him directly. 20 people x 25k or any combination will essentially get us where we need to be quicker before purchase order funding comes in for Windstream.
If I was in that category I would take a piece but since I am not I am setting him up with people that can help see #11. So if someone is a large investor here , with money it would make sense to get a handful of people not only make money on your stock here but get a sweetheart deal with bonus tokens and a piece of the Impact action. Some people that contacted me have a network of big money friends. You really should at least talk to Dan and see what he has in mind. Work the numbers. If this can get done, the amount of money to be made is huge. The stock gains alone from those large positions will be just part of the profit picture. Bonus tokens are generally sold after the public sale/listing, sorta like an IPO stock. Then you still have the tokens and a much higher stock.
11- We talked about the WorldWater & Solar people and I am setting them up to talk and meet. I went into this a little bit since India has a huge drought right now threatening hundreds of millions of people. I believe it is the worst drought on record. Again Dan might get mad for me saying this but Dan and crew have strengths in some areas and my clients contacts have strengths in other areas. I think Dan needs these contacts and people to help him with some stuff he has not been as good getting done due to all the crisis situations he endured over the last years.
Schedule for that is- I call my client today. I brief the WorldWater CEO and then I put them in touch.
Just to interject here... if I was a very wealthy person I would do this damn thing myself to avoid being on the phones so much!! LOL
Ok now to my take on things.
I enjoyed my call with Dan. I am convinced that the opportunity here is immense. Everyone knows that. But I also feel we are in a situation where just a bit of work can make this incredibly lucrative for everyone but that without getting a bit of money in this chicken or egg scenario our wait for organic hatching here will be a bit longer than people think.
I was on the phone when the stock opened not knowing what to think and heard from my friend that someone bought a ton of shares this morning.
Not sure what to make of that. I still think someone is accumulating but be cautious, whoever has been buying from 9 on down is still stuffed to the gills and if it is not some kind of buyback going on from some big players it is probably a group that will drop the ask and create a fake run up to 11-12 to get out. Just my opinion. We would have to clear out above 12 or so to know its real.
As for me. As I have mentioned before I am not a very good trader. Like many of you, it sucked to watch gains evaporate. But unless I miss it again ill probably add to my small position because I have spent so much time here I have to make it worthwhile in the long run when something happens. My personal bottom line opinion is that it does happen, and probably bigger than we thought (like others told me) but that it might take a bit more time than people think.
I think I should focus my own time on
1- Setting up Dan with the people from worldwater and their network
2- Getting the word out on ImpactPPA as I put that in front of a lot of money people
For those that have my phone number , if its ok please text message me so I can call you when I have time as I got a bit burned out from phone calls. Everyone has the same excitement I do about this so we talk for a long time. I really enjoyed talking to people but just cant be on the phone as much. This came to a head where everyone was worried so we had to toss around some info and get some answers so we made it happen.
Timeline
1- Some sort of announcement (like we heard about) coming soon that will be positively taken by WSTI shareholders. Hopefully thanks to smilin B this will also tie in $WSTI and #windstream etc..
2-India if money can come in sooner Modi is ready to meet ASAP. No delay on his part. He likes to cut ribbons.
3- Best guess on organic purchase order funding of WSTI at least some months out.
I am going to do my best with everyone I know to make this happen, focusing on the important stuff. For people that are in a different position than me contact Dan regarding that hybrid offer he is considering.
I know this is all somewhat of a mixed bag but I try to spit it all out so you see the whole picture here. There are some people I know reading this that can make this all happen very soon if they so choose. I would be eternally grateful<---can spell that unlike CEO of AAGC ;) .
Ill post more as I get it...
Stay tuned info coming in just a bit...
Just so you know I been on the phone for 9 hours over two nights. I am literally exhausted. I feel like an IR department locked in a trailer with a phone on my head LOL
I think I have a lot of good info and even a special deal from Dan Bates for people. I just have to take minute to write it all up.
Only dilution was the 209 million used to settle an old bill/payable
FIFE filing created no new stock. Anyone here can confirm that for themselves by following the TA info posted
Time to bring this one back...
There be Whales here..
Smilin_B with the post of the day!!
Thanks man!!!
Smilin_B <---where B stands for BUCKS NEEDED, Big bucks!!!
Good job!!! You are on top of stuff!
Very valid thoughts there. Ill ask him
I believe POC refers to "proof of concept". thought I heard that in the 100 million dollar contract video.
I am in line with your thinking myself.
Never stop questioning, worrying or poking into things. That is what makes all of us a better investor.
Nothing is guaranteed in this stock, but I do know from past experience, when people bash a stock it is not always because they are sellers.
Same thing goes with people who pump a stock..
Oddly pumpers are usually selling and bashers usually buying.
But never stop posting both good and bad. Make an informed decisions, get answers etc..
Always good to be on top of things like that crazy. Lets hope crazyluck is what we have here.
Never stop questioning, raising issues, picking things apart..
Just let us know when your bids are filled so we can be on to better things ;)
Who knows maybe that stock issued paid off that lease bill? never know.
Also this I believe was an out of business carpet place before Windstream took over and put people to work. When things got hard , people got laid off. They were brought back not once but twice.
But while big Solar companies were going out of business Dan stayed in business and people are working there. While there is this back rent issue, the rent is currently being paid. Landlord obviously wants to keep tenant and get paid past sums he is owed. Good luck renting that place to anyone else . I know huge facilities with no buyers/tenants for 8 years.
Dan is a survivor. If that is not paid already it is my opinion that that matter will be handled.
With messy situations things are not clean , there will be hiccups and problems and issues along the way.
Just cant wait for some people to get their bids filled for round 2. August 1 the drink charges start adding up for Joan Jet's I love "________"
I do not know but will ask him.
It could be just a mistake who knows. If he really wanted to leave it out why not just leave it out ya know?
Maybe he is just trying to help fill the bids of this BOSTON song...
Boston Song...
" everybody's waitin'
Getting' crazy, anticipatin"
But why would you or anyone want them if as you say it was being "delisted August 1" LOL
??? Good question hey?
61 million on bid
Very true.. I mean we dig a lot, we get some info but I am sure people are closer and know more.
I try to post honestly with people I think most of you get that. Everyone knows the potential here. I certainly do. My goal is to try to help where /if I can but also to be honest with what info we get so people can toss it about.
There are some very smart and high level people invested here. Moreso than almost any company I know. Everyone cannot be wrong about the overall potentiall but sometimes things are positive and sometimes not so much so. But I personally am still confident long term.
Like I said , and like so many said to me, the way I would go about this is buy up as much OS as possible, clean up the filings and let the market valuation increase create all the capital you would need. But in order for that to happen there are things that need to be cleaned up that we do not know the status of. I sense we are getting closer though.
Best of luck to everyone. Make your own good decisions based on what you have to do .
50 milly plus on the 4s
Just to add to RSHs comments..
Equipment part of the deals can happen in a few different ways..
1- ImpactPPA funds them. But they have to raise money . Token funds not available yet, IPO might be planned, but it is possible financing can be arranged also.
2- WSTI can have its own financing or down payments and percentage of completion payments similar to how they operated in the past.
The advantage now vs the past is the system of getting paid for the electricity end for any hard to finance projects.
Also once projects are completed the revenue from the electricity sales starts flowing etc..
Bid was sold into and regenerated, you guys see that?
Someone is buying a lot of stock today
Someone has been buying a lot of stock..
All that we assumed was 2 tick trading going on since 9 to 11 ticks on down has been just swallowed and then the huge bids show up at lower levels. Not much if any was traded out. So someone is buying up a real lot of stock and does not care to sell it or if they get the lowest price.
Yes, thanks Frank. Another person also spoke to Dan and confirmed much of what you stated. And another knew Dan from a while back. I think pretty much everything on the list is pretty much accurate.
In terms of news that can benefit WSTI..
It could be IMPACTPPA had a better shot at raising money in an IPO than token sales but can still do both. If we see a large infusion from either it benefits us.
As I have mentioned in the past, since Crypto took a downturn token sales have had a rough time. It is coming back a bit , but big money would seek an avenue they understand like equity. And the type of players interested can plop down big money. While I have heard some stuff here, nothing is done until it is done and announced and official.
Whatever the look of things in comparison to the rosey hopes we had I still do not think much has changed other than the timing, but people have to make their own minds up.
I never figured a little subpenny stock would turn into a part time job here but I guess if one is to make any money ya gotta work for it LOL
I think you make some valid points.
Please note I did my best to try to summarize things. Some of this stuff I heard from a few people both who talked to Dan.
I know it might all sound like a huge letdown but it really is not far off from what we already knew.
With the Modi thing delayed (which we already knew) , and the stock issued, which we got an answer on why it was issued, we at least have a clearer picture.
I think the big problem in everyone's mind is how soon is soon and getting this thing out of dark status as soon as possible.
AT THIS TIME <--MY WORDS not DAN'S
I was trying to emphasize here that this does not means forever, that we have already heard here from someone the time plan was perhaps a month or two off from what we heard. Remember that October thing that came up.
This is also something that can change daily. People are interested here, and my goal and the goal of some other people I talked to is to offer ideas /suggestions and to aid this process as best as possible.
I have not talked to Dan myself, other than those things that are visible to people in the Telegram thread and also the few conversations about writing articles. But other people are actively talking to Dan.
Perhaps true, as I am always honest with my opinion. On this we agree.
I will try to confirm or get details tomorrow.
5 HOURS ON THE PHONE TONIGHT- Here is the Scoop
I cannot keep up well with all the messages as I am tired so I will do my best to update everyone below. The good, the bad and the ugly. Everything I heard from unconfirmed to somewhat confirmed.. Ill give you my take after posting the list.. Also I will call Dan Bates tomorrow myself, but wanted to get info from people that had talked to him or had other means of getting info first. Also on these items below I am going to attempt to get info tomorrow.
1- The stock issuance was to pay off an old debt
2- The Modi thing is probably put off til September
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 )
4- There will be some good news for WSTI shareholders shortly (again I do not know what exactly this is.
5- The plan remains for ImpactPPA to get funding to start funding WSTI projects.
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
7-Dan is actively talking to shareholders
8- Dan appears upbeat as he has been the last week or two.
OTHER INFO from the past few days
1- A least a few big money players are interested in ImpactPPA
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.
Ok So thats the scoop until I call Dan and maybe fill in some gaps in places..
I spoke to three shareholders tonight totally probably 10% of stock oustanding and still have to hit a few which will get that total over 25%.
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.
1- IT has been over 2 months since the "Soon" "shortly" "solid plan stuff"
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.
To a certain extent I personally think Dan had done some things backwards. The very people that are his shareholders are the people that believe in his vision the most but yet are the ones most in the dark and probably more able to help him than some people around him. I also feel some of the plans mentioned by some very smart people who own his stock make a lot more sense than things I see happening. People can bring stuff to the table but we really need to know the situation.
So here is my take on things. Honest scoop...All this stuff is going to make people nervous and some will sell stock. It is also possible that the shares just issued will be sold depending on who it is that got them. So for those inclined to get out , that might be best for you if you feel that is what you need to do ,especially if you got in too heavy.
But no one I talked to is selling. I thought about it when we saw the new stock because you really cannot fight endless dilution but that is not the case here.
I have decided if it drops ill finally get the somewhat bigger position I should have had all all along. I wont have much at risk but figure its worth a shot.
People have to make their own decisions. I tried to just spit everything out because I literally spent hours on the phone then trying to catch up to private messages.
Not any more..
It was about 10 and is most likely less than 2 now but some of it is pesky stuff that takes some work.
Some of the debt was actually derivative debt that goes aways when convertibles are resolved as well. It is a complicated situation but the discounted shares create loss and debt on the balance sheet under a formula. But that is not real money debt..
In any case from what we have heard a good chunk of the debt is gone.
It was not me, but someone who did the work but he can mention his name if he chooses..
Im calling tomorrow and was on the phone for a very long time tonight to get info. I want to email Dan Bates first so as to not waste too much time give him a heads up about some stuff and some areas where I might be able to help
SHARE ISSUANCE WAS TO SETTLE AN OLD DEBT
Info from shareholder who called Bates
Ill call myself after sending him an email.
No conversion dilution DEBT RESOLUTION
More info to follow shortly. I have literally been on the phone for 2 1/2hours
just got home emailed back
emailed both of you your addresses
I agree Frank!
It is time...
That is why we bring in the rocket scientists when needed here LOL ;)
Ok well good luck. Hope you get an answer :)
Well that is what I thought but couldnt figure the math or why it would be half unless it was a settlement to clear things up.
Well that is possible too, but doubt the landlord would take stock , since the price is not fixed. But you never know. Most likely resolving a convertible note situation. Someone posted that info here a few days back.
I am still at work now but I am going to email Dan later.
I am talking with a few other people to see if they know anything also.
Ill keep everyone posted. The sad thing is if I sell I just know the stock will go up and that this was something different. Happens all the time.
But bottom line is the darkness is about to end. And I keep my promises!
I do not know the answer...
We need to find out what the shares were for.
Of course the gut feeling is always this sucks , run for the hills. But why be in court blocking a dilution and allowing another one. Unless it is part of the plan, or maybe they approached FIFE for working capital. Who knows. I think in being dark the issuance would only be part of a resolution of a debt or something.
Gonna check the court case but the pressure is going up on people now, just has to you cant have this type stuff going on and not get concrete answers.
The sad thing is it could be terrible news, or a step meaning very close to good news. And people can make the wrong decision without information.
Just to explain the .0999 thing. FIFE is maxed at 9.99% of the OS stock. But that last report was based on March 2016. I was trying to figure out if the 9.99% of the current OS stock matched the increase but it does not. So it could be any number of things.
Money is only made if someone sells the stock of course.
Right now we do not know who this was issued to or why. If it was part of evening up FIFE to finalize an agreement to cancel the convertible note or what. Or if it is in fact something else, like settlement of the note in
the court case or partial etc.
But really unfortunately, the time for waiting is over. People need answers and that time is now.
We actually do not know. The report was based on the March 2016 0/S . It is possible they are wrapping up all these convertible notes to the correct O/S stock now.
Figure .0999 times the old O/S before this add. Then subtract what you had for FIFE on that report. I think that is what is happening but have to run to bank before they close at 530 will double check
I confirmed the info provide by Rock and Smilin is correct.
Most likely part of the FIFE stuff that happened recently. But unknown as of now.
Time for action no more waiting..
Im here :)
Been catching up. It is like a chess game here where the next move is Dan Bates move.
Working on an email to send to him and and article on ImpactPPA since I had some good uptake on the prior things I wrote.
Looks like we are in the same boat here with strong bids of almost 40 million shares.
I messaged you to respond as well but also to state on the board..
Word is that a bunch of the debt has already been cleared from a conversation someone here had with a party in North Vernon. We also see the town note was forgiven between the agency and the town not sure if they wrote it off to Windstream though , but that might have taken place.
ImpactPPA might go public, have a combo of token raise and IPO. Windstream also might have financing for deals through 10pwr.com
In a conversation I had with the attorney I mentioned warrants for investors. If this thing hatches with PRs, even if working on everything else its market value will rise so much that the gains alone will create the wealth needed to fund it. Just a rise to a few pennies creates 100 million in market value. We do not know if anyone bought back stock and do not know exactly where everything stands but the last intel we get seems to be trending very positive, moreso recently than a month ago.