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Yes and prior to this Bates was in the news in Indiana talking about restructuring in front of the town council people where the company owes a loan. So the thought has been out there for a while and why many of us stuck with it.
The other thing is for 5 years maybe longer these abusive convertible debts that skirted SEC rules have sucked the life out of the penny stock market and made a handful of people rich. I highly recommend reading the material on the Basile firm twitter page. Class actions everywhere, usury laws, frozen toxics etc etc.. This is huge news for low priced stocks. The tide is swinging the other way and stocks long depressed by toxic shares might seem some healthy relief.
In a sense that is an easy one... by the time they get on Clays radar the stocks have usually already been popular and moved a lot. AND most are complete rubbish stocks with no real business. Clays video was actually pretty positive if you watched it. Generally he does good work.
Before Crypto and Before India, and with a few million in sales with a good pipeline the market cap was 160 million or based on current oustanding 3.5 to 4 cents a share etc.
With all this new stuff AND a restructure. We gotta be good I would think
That deal is 1 of 42 cities/towns in Haiti they are doing!
All this business has always been circulating. Financing fell through , solar collapsed, the import/export bank was not funded for a while. It was a terrible situation.
But as long timers remember me saying. Bates is a fn survivor .He packed up his ship, opened a 50,000 sq ft plant in India, and kept working WORLDWIDE.
There is not a CEO in any penny stock speaking at the UN, being at the World bank, meeting with a prime minister of any kind.
Most stocks have pipe dreams that might sound interesting but mostly foreign pump crews that hijack twitter accounts when they are on break from making phony IRS calls.
Rock , if you are reading, scroll back through the twitter page of the law firm there is a tweet there with Bates and Rosenfeld (Cryptomom). There is a relationship there.
Bates was in NY today, firm is in that area. They are probably working together.
But I count on nothing from that tweet as we already knew something was coming..
We saw it and we have record of it , but it might have been a mistake, so do not want to make things worse for the person that did it.
They probably got out of a meeting , someone got excited and posted without thinking. Bates is in NY, they are in NY etc.
We already know that Bates has stated in the past he wanted to do a restructure (the meeting with Indiana (vernon?) officials), and we know he said WSTI shareholders would be informed etc.. So I think its coming..
Company ran out of money/financing. Things did not look good. Could have been closed or bankrupted. But it continued to operate and sell and ship products.
The stock fell to about as low as it can go (.0001) without going to zero.
Some of us felt given it once had a 160 million dollar market cap, and the market cap at the time we saw it was 230k that we would see a turnaround at some point.
Big contracts out of country were hard to finance . Oil prices collapsed making hybrid energy less cost effective. The import/export bank which often guaranteed a lot of foreign contracts for US companies was not funded for a few years. Things looked bleak, company stopped filing but continued on.
Based on comments from the CEO it looks like a plan will be announced for WSTI going forward. Someone asked about filings and he stated he was "on it" or his lawyers were on it
Obviously this is super high risk. About as high risk as you can get. But as things have unfolded over the last month there is clearly more hope.
But you wont get cheap prices on huge potential valuations with a perfect picture. Those filings are super important though but once they hit you would have to act very quickly..
Best of luck to you!!
There was 200-300 million in pipeline BEFORE any of the Crypto stuff and India hatched.
Think about the different products
Solarmills- Almost every remote location, schools in India, those small railway stops in India, national parks etc etc etc
Towermills - Powering cell phones towers in remote areas or serving as never ending backup. We lost power where I live in CT for almost a week maybe 6-7 years ago. Cell towers backup last 12-24 hours. We had to drive to make cell calls. Also remote locations in Middle east, Africa, Jamaica everywhere
Mobilemill - I see big potential orders here. Another company I know did Govt work for solar powered water purification, big business there.
Highway Turbomills- This has not been looked at in a number of years So ill post info below... But was studied and could be huge business. The WIND always blows near passing cars on highways AND even blows in tunnels with lots of traffic. Wind only turbines along highways and in tunnels etc was looked at and some preliminary interest was out there
INFO FROM 10K 2013
"Highway Market
“Wind burst” created by vehicles passing by medians on roadways, through tunnels and over bridges can provide consistent wind power on a regular basis, and can generate an estimated 1MW for every 3 mile segment of installed Highway TurboMills ® . TurboMills ® set up on top of center dividers throughout the country can power highway lighting systems, call boxes, and emergency services as well as provide excess generated electricity back to the grid.
Energy harvested using natural wind currents and the “wind burst” or draft from moving vehicles can be harnessed to provide clean power to our electrical grids. This use of the TurboMills ® design will not only harness the untapped energy created by a passing vehicle but also translate the fossil fuel burned in an internal combustion engine into usable electrical energy. This application is estimated to generate utility scale power with minimal cost of transmission due to the proximity and ease of grid connection from the highway.
WindStream will deploy its highway version of the TurboMill ® technology in parallel with its current marketing focus of Municipalities and light industry. In doing so, the Company has secured pilot test sites that will benefit from the installation of the TurboMill ® system. (see appendix) These pilot installations will enable WindStream to collect valuable data that will be used to drive additional sales and installations of this new energy platform.
The steps needed to successfully execute this model are:
? Develop a profile of a likely highway installation target
? Geography
? Political structure
? Purchasing policy and practice
? Existing green commitment
? Existing green investment
? Ability to easily engage with decision makers
? Likelihood of funding or ability to assist in securing funding
? Readily apparent decision process
? Defined highway(s) (Circuito Exterior Mexiquense and Supervia Poniente, ) to be used as a pilot roadway to collect data
? Site Analysis
? Traffic Flow and Monitoring
? Interaction between the TurboMill and the highway’s existing grid
? Deploy the TurboMill ® system for the specific highway to be piloted
? Environmental challenges
? Safety issues
? Power off-loading considerations
? Secure a Power Purchase Agreement (PPA) with the local utility (if needed)
19
Once this pilot has been undertaken and if successful, the Company will target other States, Countries, Utilities and Government institutions to market this new energy harvesting system and expand its reach and use cases. Just as vehicle draft on highways can drive TurboMills ® so can vehicles in tunnels (the Chunnel-26 miles in length), subway systems, trains, and rail systems.
WindStream has held discussions with potential clients for this product offering focusing on two business models for its highway product:
? Lease highway right of ways from State and Local Highway Divisions and sell the generated power to the local utilities through a Power Purchase Agreement. This model provides a huge amount of decentralized energy to utilities in the areas where it is needed most and a new revenue stream for local governments.
? Sell TurboMills ® on a “Per-Unit” basis to Departments of Transportation for use, and installation allowing the owner to sell the power created to a local utility.
There are over 4,000,000 miles of highway in the U.S. alone
***********************************************
Self-Sufficiency/power backup for pretty much everyone.
In one of those pictures you see a mini maybe 1 ft tall solarmill sitting between Bates and someone else. I think a bit bigger I could sell millions in dollars of those things myself to campers, people who want backup charging for things. Put a handle on the top a canvas zip bag at bottom to fill with rocks or bags of dirt for stability. Plug in your phone, use radio, etc etc..
Big Picture Tailwinds
1- Renewable Energy less emissions for Global Climate worries
2- Rising Gas/oil/kerosene prices make them more cost competitive
3- California Mandate
Company Specific Advantages
-Solar only companies got baked due to falling prices. Bates can use any solar cells no matter how cheap they get for his products.
-Less Space needed than solar only
-Crypto angle to meter power use
Potential Investment Opportunity
- Guy in high cost of power area wants a 3k unit but does not have up front cash. Power payback per videos ranges from 2-3 to 4-5 years because of sky high electricity prices in some areas. If payments can be secured through crypto, essential you have income producing investment vehicles (Solarmills)
Thanks Dan, and best of luck here.
thank you spec :)
thank you ! :)
Start with the DD post as stickied to the very top of the board, pretty good summary there of what went on, with tons of links and videos etc
Not looking to pump anything here but rather than re-invent the wheel 100x over read up and let us know what you think and of course ask away once you review stuff.
And of course Good luck!!!! With all your investments! Here or elsewhere!
Was not looking for thanks, just happy you made money and thinking back of the early days !
Keep at it, making money that is :)
I remember when you were angry and thought I was making stuff up ;) Hope you feel better now having made serious bank and being in such a good position. That is great man! Best of luck..
We might get a gap up on news! And I never predict such things.. but so much going on..
SUTT man, where the heck is RSH...
I am reading you will never believe this. All over the country toxic lenders are being sued and shut out of converting. Sometimes under Usury statutes.
Interesting that in reading over a years worth of tweets and articles , it seems to be exactly how this is playing out here.
Toxic notes converted to longer term equity (as in the preferred stock we saw) .
Also this company restructures balance sheets and reduces stock.
Everything I am seeing here (and by the way there are tweets from Impact there and a picture of Bates and Rosenfeld (crypto securities experience) on the twitter page..
All along we were wondering how this can be trading so thin given the O/S.
If what I suspect is true this could be it, what we were looking for.
Read through guys..
RSH you out there buddy???
Guess what I found...
Pennies, MWM, everyone with twitter search $WSTI then hit latest (newest)
Check out my retweet ...
OTC WORKOUT Restructure firm tweeted about WSTI
Mentions Dubai project at the very end in Q&A so I am getting details on that now, as it was not in my DD or on my radar
As soon as I find out something ill post.
Pennies, great work (and everyone else)
Not much slipping by this group of diggers.
And when it comes to this stuff, we have the one CEO out there that has worked in developing markets for years and who not only has a solution, but the product and the crypto angle to make it all work.
Unlike in the US and developed countries, there are literally no power lines in much of the world. Yet people have money and pay for things they need. Often with their cell phone. Not only does it help the people but its clean energy and increases productivity and employment , two goals most govts are looking for.
That must have been the news we were missing! Did not expect that today.
He was due or still is due to speak on the 12th, unless that got moved to today
Based on Wyoming paperwork we believe some stock might be locked to .006. . not sure If Bates has new plan that deals with that or not. As of now that is a possible risk factor. These are convertible preferred shares. Right now stock is trading well. Better than any of us thought. If they let it run this market cap might get meaningful enough for a plan B to work rehatching wsti fully loaded with funds.
Keep this rolling guys, got a meeting I gotta attend.
Good luck to everyone, traders and holders!
See this evening!
I agree , trading today took me by surprise.
MWM, thats not you buying 10k clicks right? Major accumulation over many days like a click ticking.
Wonder if we are competing for very limited float. There is still not a lot of stock showing.
This moved quickly today, even though our board was not like it was when that pumping group came by.
I have had 3 buy back in targets and all three times it never went down that much.
My other stock in this account was halted because of change in business ops to pot company, probably open up a 5 to 10x bagger but not for months :( . I was so hoping for that to open to roll into here when WSTI was around .0006 but no dice LOL
I do have a bit of dry powder for pullbacks but someone (or maybe everyone) seems ahead of me on that game LOL
No one can tell you that, but my usual advice is once you get a nice gain, take some off to cover you cost so you cant lose.
My usual steps are
1- cover your cost on any big move
2- lock in some profit
3- Hold some for the big potential .
I wish you the best of luck. Remember this is high risk so lower that risk a bit when you can with some gains.
Bigger move on a lot less volume,
I a wondering if we are trading the only tradeable stock out there? (until..006) ??
For a stock to double on less than 5% of float is very odd no?
Also still wonder who is on the auto-add program that has been running for days sucking stock out at every buy level.
Hey jpick,
Good job if you flipped out twice.
No problems here, every buy you made took someone else out.
Best of luck, hope this is a winner for you! (again, and again)
Everyone trades differently. My only advice is cover your cost when you can, and hold a bit in case this is the story we think it can be over time.
Good luck to everyone!
Up 100% on 123 million shares? Unreal
Lots of good honest info here on this board, tough questions and good digging.
Really not much on the ask yet
We gotta keep watching the news, think we are missing something as this trading was unexpected
Only 4 milly on the way to .0019?
Watching every tick, looks like retail not the only ones buying.
There has to be something out there, news, insider buy, something ? very thin all the way up.
SUTT if watching,
Keep an eye on the wires and filings,
for this kind of move something must be going on.
(refresh like usual) LOL
Well lets try to find out that answer and others.
Keep in mind the bulk of WSTI sales are outside the US due to the nature of how here in the US we have reliable electricity etc. That is why they have installed all their bigger projects outside of the US in 3rd world countries.
I think it is great Indiana is open, and even if just a licensing deal it is better than having no US operations at all in my opinion.
Ill message you during the day and we can split this stuff up and get answers to everything.
Not sure if I mentioned this here but my dad passed recently and was very ill over many weeks im playing a bit of catch up with personal and job stuff over the last week, but lets persue these answers. I know we are waiting for Bates to release the WSTI news, which might clear things up but maybe we can get some basic stuff that will help people.
Good Morning RSH,
India (last we knew WSTI owned 55%)
From the last WSTI report filed here is the India info
"In October 2014, the Company entered into an agreement with unrelated third parties, whereby in exchange for $2 million, these investors would receive 8,184
shares of stock in WET, or a 45% interest of WET. These are in addition to the 10,000 shares owned by the Company, and the Company retained a 55% ownership
in WET, making it a majority-owned subsidiary. The Company also has three of the five board seats on the board of directors of WET.
In November and December 2014, WET leased office space, approximately 9,500 square feet, and manufacturing space, approximately 50,000 square feet, in India
in connection with expanding its operations. The office space lease is a month-to-month lease with annual rent of approximately $24,000. The office space was
occupied in December 2014. The manufacturing facility lease is a six-year lease with annual rent of approximately $120,000. The manufacturing space lease
commenced on April 1, 2015 when WET occupied the space.
As of September 30, 2015, approximately $1,259,000 of the $2 million purchase price of the WET stock had been funded by the third party investors."
So WSTI owned at the time 55% ...
Indiana
My understanding is that WSTI worked licensing agreements with people all over the world, but I think Indiana is the only one actually making products. Licensing agreements are not unusual If I recall they were trying to get a way to get all those people back to work in Indiana . With licensing agreements WSTI would usually get a licensing fee and perhaps a royalty or percentage of sales etc, but we should ask these questions etc.
Orders
Again we should ask in person but order flow seems to be going through India where the company can and does produce these much cheaper than in the US. Under the IMPACTPPA stuff, Impact is like a facilitator for project financing. For the deals it does, it funds the deals or arranges the money flow, equipment is purchased from WSTI and for instance in the big India deal Sarang services is the local tech support people. Dan Bates answered my question on this directly in the Telegram. It was actually the first question I had I believe was how was that flow going.
Yes there are questions , and as always this is high risk and has always been .
But , since a few years back Indiana is now producing items, India has contracts, the CEO is all over the world and with a little luck this can succeed.
How this moves forward is the big thing we are waiting from Bates on . But the move in the stock from almost no value to still little value has been on the fact that it now has a way forward.
I agree on getting some answers. I have not had one question refused when I asked. I think we should find out more as soon as we can and will see if I can get more answers.
No stock has everything buttoned down , especially pennies, but I think we agree that few stocks selling this low have this much potential. Most are not on the world stage with CEOs speaking at the UN with workable ideas and sales etc..
From the CEO
" IPP and WS have a working agreement (license) to use each others technology and to deploy products to customers. WS will soon be reporting this news to its shareholders as it moves forward."
On Telegram 5-16-18
AS IT MOVES FORWARD
REPORTING THIS NEWS TO SHAREHOLDERS
Certainly does not seem to indicate this thing is going anywhere soon
Also
"ImpactPPA solves a huge problem in the renewable energy space in developing nations... that of a secure and trusted method for payment of electricity. This has opened up many new sales channels and opportunities for ImpactPPA as well as for WindStream and its products"
Please note ALL statements can be seen on ImpactPPAs Telegram page
Calm Down Folks!!!!!!!
This is not an US vs US thing...
Everyone brings something to the table. Some are small players, some big, some traders in and out and some more interested in the long term picture.
Let us table this conversation for now ok?
RSH (and others) have been invaluable in hashing this crazy situation out with me for years. That is why we have some top quality REAL due diligence up top and all over this board
MWM and other players like him are needed to push this thing as well. People follow big buyers and traders and get interested which is part of what we need here.
That all said, there is nothing wrong with having accurate info and disclosing issues. We have been doing this for years. Based on all the people contacting me and all the people tweeting (including people that never heard of this board as I sent one fellow who messaged me on facebook here just an hour ago to read), we have a good week ahead of us.
We ALL want this sucker to go up (even if we will look for oppty to add)
Hang tight. News sooner than later. and you heard that from the BLizz.. LOL
Sorry ill try again...
$WSTI on Twitter
Could be some truth to that.
As for me, been here for over 2 1/2 years talking about the same stuff so it is just more of the same. We find out a bit more every day.
Good luck Spec if you buy any...
I am still holding 70% of my shares but sold a few to cover my initial cost and lock in a 100% profit since I been here so long LOL
It could wobble a bit, be tossed around a bit, I was more worried about that until Friday when we had a really tight range and took 130 million right in the middle.
For a run up that approached 1000% (from .0001 to .001 at the top), to settle where it did and trade heavy in the middle with a big bid popping seemed pretty good.
Would be curious as to your thoughts on the trading patterns.
$WSTI all over Twitter
Wsti Twitter
Towermill Bahamas
From April 2015
Solar Thermal Magazine
they cant til price trading at .006 (about 9 times where we are now)
I agree. I think people are catching on this weekend. A few messaged me, I see action on facebook page and then we have new faces here as well. Looking good, and all on real information.
A few hundred grand of $ can really shave that 0/S stock down, hope that is in play.
This is our month..