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I do know that the stock ImpactPPA owns is up again . It seems to have some buying come in when it drops low which is odd. If it hangs in there a few weeks and Dan closes on some financing the combination of the two might give us a shot.
Also I know a company with a shell that had a failed deal but has 2.5 million in cash left and have the same group of people interested in potential deals if Dan can get a few of these first things done.
Also Crypto is on the upswing (not sure if that matters much at this point but you never know).
Right now we should know on the stock and how it holds up over 2-3 weeks and find out about the ImpactPPA deal through telegram if it happens.
Id like to see Dan hatch the money and the stock sales and then get some people together to do the tranched deals if he is still short.
THCT has over 100 million market cap on a weed dryer that is just a patent. No business yet, no deals , WSTI could potentially be worth more if these things happen.
Maybe he means a stock called ZOOM went public and went way up and people found the other Zoom and ran it by accident? (just a guess)
Well I guess we will see right?
Back until Spring of 2016 the company was current in filings. They just reported their best sales and 4 years of sales growth. But the solar/wind market collapsed and some big companies went out of business. Also the Import/Export bank which often funded contracts in foreign countries where the company did business was not re-funded by Congress for a while.
The choices were bankrupt the thing, lose everything since one of the notes was personally guaranteed or limp along trying to raise money and instead of paying accountants/consultants try to stay in business. They kept operating in Vernon up until the lease issues, they were still limping along in India. They tried to raise money through a preferred stock issuance but couldn't. In fall of 2017 this article..
Forbes article
This was near the peak of the crypto market, then it collapsed. A company in Australia had raised about 30 million in a similar energy deal just before this.
It is clear to see the attempts. When Crypto crashed I remember not believing the crypto raise was going to work. As a matter of fact I mentioned on this board "time will tell if this works or not" and got flack from people about it.
Energy prices are back up, global concern about climate change is high, there is more money out there and well maybe we have one more chance who knows.
I work with small businesses in my job. I had a client on a straight up path from 2007-2010 going from 1.5 to 5 million in sales . Then the recession took hold, sales dropped in half , owner and employees took pay cuts, redid the bank loans and stayed in business. Owner almost closed and would have lost 700k in guaranteed loans against personal assets. A few years went by and were were able to pay off the loans and sell the company for 1.2 million plus owner working for the new company for 6 years since at the same salary.
Sometimes bad carp happens. Sometimes there is no path. That might be the case here. Until we hear something more concrete no one knows.
No surprise to many of us here. I have been in this since 2015 when the company was current in its filings and the price was where it is now. They ran out of money long ago . Oil/gas prices collapsed, wind/solar companies went under but WSTI stayed around trying to raise funds.
Dan , as per a Forbes article in 2017 thought of the crypto angle which in the end didnt work, but other companies 6 months earlier had success.
In May as ImpactPPA was starting to get known we found out that WSTI would supply the equipment for the contracts ImpactPPA was talking about. Right around then a handful of big players/flippers loaded up with shares, probably a few hundred million or so then sent messages/alerts to everyone they knew which is why the stock went up (and then down as they sold and when India signing never happened)
As it was moving and talk of India was happening, it seemed possible that WSTI could get the funding it needed.
That is the whole deal in a nutshell. Since that time numerous attempts have been made to keep things floating most of what we see through ImpactPPA like the Caribbean Climate thing, and continued attempts in India.
There is not much more to know.
Also, no investor, at least since 2015 who bought this stock benefited Dan in any way as these are market shares not shares being sold by the company.
Whatever happens we know efforts have been made to try. That much is clear.
So did Dan not have money for getting those financials done. AS far as we know he didnt. No big mystery.
Also please note the company put out an official press release which outlined pretty much everything.
WSTI press release
Not really sure what you are insinuating with your comments but I have been in this since 2015 and the story , despite its ups and downs has pretty much not changed, we still need money and for things to be cleaned up. I still own stock, more than I owned in 2015 and sold some along the way. I guess the better move would have been like some of the others and load up huge numbers of shares, spread alerts and then sell a ton. But unfortunately I was not those people.
Only way I do well is if this turns one more time.
I only put chump change into this though, as I have stated since the start because of the high risk involved.
Correct one.
It sold off earlier but it right up around 17 again today.
Amended Reg Filing for THCT out today
THCT filing
No that is incorrect.
There were 60,000 preferred shares ImpactPPA had convertible into 100 shares each or 6 million shares.
That is now 600,000 shares. They did not pay for the stock so all that matters is the amount of shares and price per share.
However this thing is lit up like a rocket now and has to come down at some point so who knows what the worth will be when the lockup date is over.
But based on the info found we have 10 mil or so in stock based on current price
Dan does not own the stock, ImpactPPA does and there are investors in ImpactPPA. Also money was raised there 1.25 million or more? (for tokens).
But having this happen unexpectedly could be just the break we needed, hope we find out soon.
Good question. I would think so from my many discussion with him.
This stock by the way (THCT) is over 16 now -9.6 million ImpactPPA value (600,000 shares)
SUTT did you see this?
I reached out to Dan and when im done at work ill post more (in tax appnts now)
THCT now $12 to $14 per share! Bid/ASK
Interesting. At current levels that represents over $7 million dollars in potential funds.
ImpactPPA owns 600,000 shares. Should be free trading in the next few months.
If Impact closes the investors it has been seeking and grabs enough from that stock sale we should have a chance.
THCT patent
THCT patent article
Well know this is a total longshot but things are still happening that could turn this around.
That stock could be part of it. And the missing white paper I believe is a function of the de-emphasis of the crypto end of things which could be a plus.
Whatever happens we might get hints here and there over the coming months but it will still take some time to resolve things and really re-hatch this thing.
Even assuming enough money comes in WSTI still needs 2 years of financials and a market maker and this comes after some debt negotiations and other things which take time.
Hopefully we find out more soon.
Hi Mark5150,
Last year middle of the year ImpactPPA did a deal with what use to be Millennium Blockchain. ImpactPPA received 60,000 preferred shares convertible into 100 shares each of Millennium (or 6 million shares) , in return it offered rights to ImpactPPA tokens.
Did not think much of it at the time, but since that time Millennium went back to their old name and became THCT <-new ticker and did a 1 for 10 reverse split.
So Impact would have 600k shares. They also had a patent approved and the stock has been moving on better volume.
This could be (at current prices) 5 million in money for Impact when they can sell which might be by this June from what I understand
SUTT - ImpactPPA's thct close to 10 bucks a share now! Im sure you are following.
plusone also up as Bitcoin moves up. Up 100% in the last month or so (after the big fall of course but still in the right direction)
Going to try to reach out to Dan again. Just a few months until this THCT stock is able to be sold (best understanding).
Interesting, I am not sure maybe he is taking some of our advice and getting away from the whole crypto raise thing and focusing differently. Or perhaps maybe the investment people decided they wanted to do something different or should have it structured differently.
Good find!
The basics (from memory) is that it was some sort of swap deal.. ImpactPPA token rights for 60,000 preferred stock convertible into 100 shares of common per share. So in essence 6 million shares.
But Millennium was sorta a beaten up dog with lots of issues, however they changed the name back to its former name, and gained some traction on some product news, did a 1 for 10 split .
The stock ImpactPPA owns would be about 600,000 shares now but the price has been between 6 and 9 bucks a share but it trades pretty well.
Overall there is a possibility it could provide some money when the stock can be sold sometime near June I think. I think they were supposed to be free trading but delays in financials held that up a bit. Pretty sure the date is somewhere near end of June.
SUTT re THCT
Sutt, I saw THCT got up as high as 9 per share and is between 7 and 9 per share still.
Within a 2 to 3 months the ImpactPPA shares should be free trading based on the delay due to THCT filing delays.
60k convertible to 100 common =6 million shares. Then 1 for 10 reverse = 600k shares x 7 = 4.2 million x 9 =5.4 million
Approx 150k a day trading value so far (with some higher days)..
Should know if this is something helpful within 3 months.
This is the video where Dan talked about India
So as we wait to hear whatever news might be coming per Jeff's telegram post this is where this was last year.
insert-text-here" rel="nofollow" target="_blank" >" rel="nofollow" target="_blank" >insert-text-here[tag]Video - India Proof of concept and PO[/tag]
All good questions. What I was told back when I asked was that the PPA for solar/wind is enough to get the financing to build out the project in steps. There was some info in a video and article a while back. It does not hurt that WSTI has India operations and employs people there and has done numerous projects in India for a while. Might be enough to give them a shot.
It is hard to tell. IT is not like we are going to get answers/explanations from anyone in real time. All it shows really so far is that things are still being worked on and we are still in the game even if chances of success are slim.
If you think back to May/June, getting India finished was the goal that would help launch things as the contract (PPA -power purchase agreement) was huge. I think , if I remember correctly the signed PPA after the pilot stage was done would be able to be financed against, it would also provide motivation for other investors that might have been on the sidelines. So good news out of India could possibly be very good if it is related to that contract moving forward.
Of course that does not fix all the other problems immediately.
Good digging!
Interesting, something I did not expect. So 15 days for Plaintiff to do something or this could be dismissed. Or perhaps it is possible something has been worked out hence the lack of continuation of the push by the plaintiff. No one knows for now.
The news of a successful trip to India could be good. Gotta have the details though.
Thank goodness tax time is almost over. Might have to poke some more in a few weeks.
The recent volume has been a bit unusual. We saw this last time before something happened but this could be positive or negative hard to read into it.
However if we see more volume regularly and most being on the 2s or higher I would suspect something. Right now it could be just people capitulating and dumping and a few big bottom fishers.
Wishing everyone luck as well.
3 weeks til the end of tax time but have some ideas if whatever the company is working on does not work out.
Much along the lines of suggestions made before but ill go over all that again and see what you think. I spoke to a few people who are not WSTI or Impact investors and ran stuff by them and have a total longshot idea with some contacts I have as well.
Ill call you over the weekend RSH when I have a minute.
Thanks for the back and forth as always
Interesting increase in price today (up 35% as of the time of this post)
Maybe some new faucets or refills coming soon (from ad buyers buying coins)..
I noticed the community faucet has been stocked well for the first time in a while as well. I cannot recall the last time I received anything but the .01 from the faucet though :(
In any case, was there any news from that UK conference someone posted about with PLUS1 being there?
In any case it is good to see the price bump (even if its short lived) and some faucet filling.
Just wanted to respond to this a bit RSH...
It has not been years.. Starting last May is when the stock started moving due to the ImpactPPA relationship. It was then we were told "Soon" "shortly" as India had started and we were expecting a ribbon cutting ceremony in June/July.. So this May will make 1 year of "months"
After June/July things seemed delayed but we had the Caribbean accelerator and other things in the mix etc. But yes it seems like it has been a matter of a "month or two" for almost a year now.
Going back to the money issue. WSTI ran out of money back somewhere around 2014/2015. The previous recession and falling fuel prices sucked a lot of money out of solar companies many of which failed.
From late 2015 on after the convertible blow up there were many efforts to raise money but no one wanted to bite. The company had a 5 million dollar or so hole to fill. One of the shareholders emailed that Bates tried a preferred stock offering to big people he knew but people would not bit on that.
Fast forward to fall of 2017. Crypto was big and an energy venture in Australia raised tens of millions easily for their project. A friend talked Bates into giving it a shot and ImpactPPA idea was launched.
But Crypto crashed and much of the money made that was being invested in other ventures just totally dried up as Dan was getting going.
ImpactPPA raised 1 million dollars initially as seen here line 13
Impactppa REG doc
At the time it seemed with India so close, they could raise the rest and fix WSTI but it didnt happen. Looking back on it, perhaps the mistake was not buying more time by tossing enough to get the filings current.
But the projects needed funding, people needed to get paid, they were paying the attorney to stop conversion cases etc...
A bit before we got delisted I actually posted to the board that the company should seek to raise the filing funds from the existing shareholder base since interest was high since the stock started moving.
No one is going to come in and be CEO of a company that has no money has 5 million in debt and a ton of problems with not much active business going on. Dan is really the only one who was working on trying to fix things up.
If there was money somewhere they could demand Dan step down and take a different position and I think he has stated that would be fine with him. He owns stock in WSTI and I Believe is guaranteeing one of the notes personally, hence his interest in making things work.
But he was up against an environment (like I stated in my initial post) where Solar was in a bloodbath.. and no one wanted to put money in...
From this article "By 2017, the U.S. solar industry had almost disappeared, with 25 companies closing since 2012. Only two producers of both solar cells and modules, and eight firms that produced modules using imported cells, remained viable. In 2017, one of the two remaining U.S. producers of solar cells and modules declared bankruptcy and ceased production."
US Solar Industry almost gone
A company near me , that got wiped out...
Evergreen solar bankruptcy
It remains to be seen if anything can or will happen here. I am sure Dan would be the first to admit he was not perfect and didnt make a boatload of mistakes, but I just do not see someone else walking in and fixing this. Unless it was one of us with a lot of money and connections, which we have also tried as best possible.
As you know I have felt the easiest plan was a tranche raise with the first 500k or so going to financials and the rest to settle. I believed, like you do I think, that it is easier to see an undervalued company shell fix up and increase in value than to sell any crypto stuff.
It is a clearer path that investors would understand.
I think the time to do that was back when we were current (before suspension). I proposed it here on the board. But it was met with criticism for good reasons of course as nothing is easy.
But right now I think things have to follow their course because we will most likely see revocation and if some funding comes WSTI's way we might be able to do that as part of the move forward. Not sure on how that would all work at this point.
I think within the next few months we will know where we stand.
Right now we are hoping for a large investor in the cleaner Impactppa to shove enough money in so that through a licensing fee or partnership agreement WSTI gets cleaned up. Lots of steps there but hopefully stuff still in play for now.
IF things fail I have a few ideas but for now I think we have to see whatever is happening or not happening through.
Yes, no access to funding, in an industry that was decimated by the recession and rapid fall in fuel prices.
Prior to this we had 4 years of growth and just reported the best sales in company history.
I know people keep calling for Bates to step down but he is the only one working/trying to do anything. If he raises funds I am sure he could switch positions. But right now there is no sense to comments like that.
Given that another stock that got suspended just before us received a notice of revocation of the ticker it is possible/likely we will see the same over time.
Then it will be a matter if money is raised the form 10 is filed and a market maker comes on board.
Like I said we cannot stay in limbo forever, I think we should know soon one way or the other. I wish I won the powerball or mega millions Id march down with the check myself LOL
I do not think you understand what happened.
Dan did not sell billions of shares. When traditional funding dried up, including advances on credit lines and the import/export bank line he borrowed money - LOANS- that were convertible into stock. Because the price dropped dramatically the stock was convertible into billions of shares.
When I first started following it we had 2.2 or so billion shares back in 2015/2016. Now there are 4.5 billion or so shares.
For that 2.3 billion shares added, DAN Got ZERO money from then to now they are just conversions.
Some very good posts lately. Oddly, if this keeps up we will be on the HOT board at the top ;) LOL
Just to get to a few things... as best I can..
Sometimes people post about Dan and crew "spending their money" or "living large traveling" or whatever. WSTI money was raised and spent years ago. No one recently purchasing stock over the last 3-4 years has funded anything for WSTI or Dan and crew. The company was broke years ago. You just bought stock and sold stock to other people, not from the company.
Money that came in came for ImpactPPA as can be found online in their REG statement. They initially raised 1 million I believe and probably some more since then.
As for people working with Dan and Dan himself. It is really easy to be critical. Nothing people say is really "out there" and I get it. But the dude has no money and kept trying. People around him also work hard and give it their all.
My perspective might be different. I got in here late in 2015. The stock was current with financials at that time. I made a SMALL investment commensurate with the high risk because the market cap had imploded from 160 million to 220k (at the time) and the company had just reported 4 straight years of sales growth and just ran out of money and the convertibles killed it.
The stock remained dead until about May 25th of 2018, I remember that day because it was my dads funeral services. The attempt by Dan to have ImpactPPA get funded as a way to get the money he could never raise for WSTI was the first real news we had.
Then it seemed like project interest was building. Dan felt he could easily raise the needed money. Other companies 6 months earlier raised millions this way before Crypto collapsed.
As best I can tell no one stopped trying. But this was never a stock to throw huge sums of money at.
Unlike most nearly dead stocks, this one once had a business with million in sales, has products, has potential jobs and has people trying to get stuff done.
It is precisely because it is so screwed up that it offered some kind of opportunity if things turn around and it is not that huge a sum that is needed.
I have had enough talks with Dan to know that he has tried numerous different things, met with dozens or more people and keeps at it.
He might not be the best manager, but who looks great when they have no money. Tons of solar companies went belly up since the last recession helped along by the drop in gas/oil prices.
One last thing. Obviously being current and having good communication is important. But when you are doing a workout of a tough situation that does not mean publicly announcing how much money you have to settle things with or even making big announcements until things are in order. There are loans, a court case, and other things to resolve. In my opinion none of these things are impossible to resolve over time.
Yeah, we were hoping for India and the ribbon cutting and being off to the races. IT sucks to be here now but that is the info we had at the time.
SUTT its at 6.90 now. If it is 600k shares (after the 1 for 10 reverse) that is 4.2 million. It would certainly be strange if the one thing that looked off the map in terms of any real value was the one thing that breathed some life into this.
Of course we do not know more than the announcements that were posted but 40-50k a day in trading value it seems is not too shabby.
Well I think you do make a valid point . The company eventually has to get off the pinks and on to a higher exchange.
If revoked then can file a Form 10, file 2 years of financials and get a market maker to back them and list again (hopefully on a higher exchange) if money is raised and things are cleaned up.
"Several recent cases suggest the SEC is now recommending that issuers who want to make things right should accept revocation, and then get two years of audited filings in order and file a new Form 10. That has the advantage of relieving the company from the obligation to catch up with dozens of old financial reports, which might prove an impossible task, but it has the disadvantage of leaving shareholders in the lurch for as long as it takes to get the filings in, find a sponsoring market maker, and get a Form 211 approved by FINRA"
From this article which was posted before here Sec just suspended my stock now what
Dont take RSH personally, he gets tough on everyone (including me LOL)
Plus people have a right to be disappointed and angry and that comes out in different ways for different people.
Last anyone heard anything things were still being worked on. Even in the most optimistic scenarios this is going to take some time. I hope it works out for us. It has been a long wait from 2015 LOL (even longer for some)..
Good luck to everyone. If anyone hears anything pass it along!
I certainly understand the frustration and anger. And this thing has been crap shoot longshot since I first posted here back in 2015. But if something can be worked out with the finances it is at least possible that WSTI gets worked out.
Recently Dan has been quiet and not responsive. It is possible things are happening, but perhaps it is also possible he gave up I really do not know. All I can say is that his intention was to attempt to work this out. If he wanted to give up he could have ended this years ago. He also owns a bunch of stock and is guaranteeing some or one of the notes.
SUTT dug up the info on the Millennium /THCT stock. Its trading about 50k worth of stock a day and still at 6 bucks. I am not sure of any of the details other than what was posted but messaged Dan about it.
As mentioned before when a stock gets delisted it eventually gets revoked. I saw another stock which got delisted not too long before WSTI did received a notice of revokation so that is possible here as well.
As for Dan talking/not talking, we have gone through stages like this before. If something is happening he might not be able to say anything to any of us. If nothing is happening he might have run out of options who knows.
We do know that ImpactPPA apparently has this stock ownership posted about as part of a deal and is still out there trying to make things happen.
I Wish I knew more myself but having waited over 3 years I think I see it through to the end whatever happens.
Hi Dan,
No, I have not, I have not heard back from him and have not heard from him since Feb 6th . At that time I just sent him a quick message about wishing him good luck etc which he responded to.
I messaged him some info recently that was dug up but SUTT of this board regarding the Milennium deal they did earlier in the year as an exchange/swap for some stock that might have some value now on the ImpactPPA end. The stock reverse merged into another company and went up, could be a meaningful sum if reading it right , even after their 1 for 10 reverse. But do not know about restrictions on the stock or other factors.
Everything has seemed quiet since then until the World bank telegram post. Been having a problem with the desktop confirm code on telegram lately where it comes at times hours later (to sign in).
Looks like its in DC
Energy and Extractives week
you can see posts by others on twitter like OLI systems @olisharenergy and Nicolina @nicolinalindbla are there at the show as well .
Just a few I found by searching
Ok I gotya now . You are talking about the grey to essentially private thing (due to ticker removal). Yes that is something to worry about .
I believe if anything is going to happen it would have to start to happen sometime soon. The only thing is , if they are trying to settle debts we might not hear much until that process is well underway.
One thing for sure is we cannot survive in limbo forever. They need to get jobs started and people need to get paid. I am sure it is quite the process to turn this around but I do believe it is do-able.
I have offered as much of my free time as I could over the last 6 months, probably too much but it was something I really believe would be good for people in the world and help shareholders.
I would give Dan a call and see where things are. I wish I won the powerball the first thing I would do is march down with a check for this thing so we could turn this around!
Good luck to everyone!
Just my opinion but I argued against any private structuring when having conversations about potential restructuring options.
The reason is a potential investor and the company would benefit much more from a repaired public company whose market value would rise allowing for warrants and additional capital raise along the way. And I believe it is faster and has less risk than hoping the capital markets will be around as strong a year or two from now.
The value is in the undervalue, not necessarily in a bunch of projects and jobs that have not started yet.
A deal which funds IMPACT and allocates enough of the purchase price to WSTI to clean up the issues would allow the potential buyer to own of chunk of WSTI which would then rise in value and attract capital because the price is rising.
I went over an example where as part of such a deal, say the buyer was issued 4 billion shares, and just to make the example easy we will say there is 4 billion shares already outstanding. That would dilute us 50%.
Buyer with 10-15 million, 5 million to WSTI
So the money comes in, filings get current etc, debts resolved. Shareholders can be issued warrants etc.
We know just the whisper of a stock turning around and possibly being back on track sent this to 28 ticks. If financials were current and debts resolved it would achieve a much better market cap than the current levels.
Even if given the dilution that makes it only 1/2 a cent instead of the 1 to 3 cents we felt it could go to that is still a market cap of 40 million (based on 8 billion shares) of which the new owner would own approx 50% or $20 million worth
That is way more than their WSTI side investment and probably more than their total investment in the two companies.
IF everything went private a lot would depend on how things go for years. Whether capital markets stay good, how oil prices do, whether technology advances keep us in the loop or outdate us etc. Success is possible of course but I think it is a much longer and uncertain road.
I think we have a few months here, not much longer. You cannot operate on fumes forever and either something happens from one of the many contacts Dan has made or it doesn't.
Luckily I did not find this until after it blew down to .0001 prior back in late 2015 when I first got in. Even so It has always been high risk and suitable only for small money. We got a lift in 2018 from the news that money might be raised and work might be happening , especially since there was no news for years. When I invested in 2015 the company was actually current with financials and had shown steady sales growth for 4 years and just finished our best 9 months in the company history. We just ran out of money and the money raise did not happen as planned. But a lot of effort has been put in and I hope it bears fruit for everyone involved.
Over 10 million traded today
Isnt that the highest in a while?
Still chump change but who knows.
The lawsuit is a matter which would have to be worked out like the other debts so it is not a make or break deal in my opinion.
I still think the answer will form in an equity deal not a token deal with the emphasis being on WSTI.
Things sometimes take longer than expected but I would suspect within a few months we should know something one way or the other. Nothing that has happened so far has been a game changer either way.
I would think many would be upset. That was before I found it however (luckily). I got in in late 2015 at .0001. Stock was already blown up but was still current at the time. Even so only put a small amount in, commensurate with the risk. They actually reported their best sales ever and 4 years of straight sales growth but just ran out of money.
There are some early investors that are still supporters though. And some of Dan's early people still help him out.
When oil prices crashed many solar and alt energy companies went out of business. WSTI almost did as well, and well it might still. But it has kicked around for a lot longer than some much bigger companies.
If they lose the case it is just another liability to be negotiated out like the rest of them and a smaller one than the others. I think if funding is found/was found, it should not be a problem that stops anything from happening. The key point was stopping the conversion at the time this started which would have , if my review was correct in essence ended us ceded control and we would have had no chance I believe.
Bigger issue is the funding, debt resolution and pay off and how things will move forward. Gotta think it will probably take some time.
I think if things work out for us, we bring Carlomile to the party :)
YA know a guy like that is going to be big where he is. He cant wait to get this up and running and will probably be running half the island ;)