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From an investor post to the WSTI facebook page Beginning of this year..
"As a shareholder and someone who was working closely with Dan Bates and WindStream, I too am significantly disappointed with the lack of execution as well as the lack of keeping shareholders informed. I have continually tried to maintain contact with WindStream personnel to gauge any optimism at the company or in the marketplace. I have spoken with former VP of Sales Dan Harris, former Board of Directors members, and tried to get in touch with Rolf Simmond’s and others.I have also tried to contact WindStream India to learn of any progress there. I also spoke with Dan Bates before the holidays. He shared with me he is working to advance this technology and in discussions with potential investors. When I asked him about orders and system deliveries, he said WindStream is still manufacturing and shipping product. I asked him when he anticipates informing shareholders and he said after the first of the year. I certainly feel with the shareholders that this situation looks very grim."
Nothing that I could find. The idea itself seems well thought out but I think the timing is off. Could be wrong but that doesnt mean that foreign Govts or rich people who believe in the idea wont invest.
I think people in like the US and China (and some other countries), cannot buy tokens.
Yes, I do understand it is separate but in a sense Bates is using Windstream products, photos, his history, the projects sorta like re-hashing the reasons to invest in Windstream only in his new venture ,which who knows if it would work.
My own personal feeling is that the crypto ship sailed already. He is too late. Everyone and their cousin has a "coin" and an idea now, over 2500 coins trading and hundreds of crypto companies listed. My interest is not that someone the two are currently related but how WSTI can be saved if this new idea works to raise capital. If WSTI is to start trading again it would take some kind of involvement and I was speculating as to how that might happen down the road.
We should know more soon since the "sale" of the new impactppa coin starts today Earth Day.
I received a ton of info from one of my contacts. Apparently a lot of WSTI investors and contacts have been in touch with each other and Bates. The general belief/answer is that they believe the new venture will help WSTI. Some of these people are way more invested than most of us.
I remain skeptical until I see what happens with the fund raising. It is possible that the feel good aspect of alternative energy combined with the new higher oil/gas prices (now almost double what they were not long ago) might be enough to get big socially minded money in the projects.
Within a a month or so we should know if this thing is gaining traction.
Starting before this the stock started having some modest trading and has been trading since. This is most likely people reading the impactppa material or becoming familiar with the company from the material shared.
WSTI needs about 5 million to resolve past issues , which really is not a lot of money these days. The company Toxic posted about has zero income, hardly any cash or assets and a 60 million dollar market cap.
I do not really understand this press release.
The project they are talking about was one , as mentioned in the PR, that was installed by Windstream Technologies. It now states that ImpactPPA will install and manage the new project which will essentially be a 10x increase in the power output of the installation.
They are saying MFG (the customer) will pay a tariff per KW hour of electricity. We have to assume that for them to agree to this project it would represent a savings to them per KW hour over what they would normally pay.
Now if ImpactPPA is "installing and managing" they cant do so without paying for doing so say by contracting with Windstream (or another company) to install and service it. The cost of that would be an outflow, and as we know it is not cheap. So while there will be revenues, presumably from the payment of the electricity bills (their revenue figure quoted). They totally left out the cost factor in this release, and how impact will be paying those and to whom.
Most of the costs are all up front, the payback is over time (the useful life of production) . So they use this "coin money" to fund the costs and receive the electric payments. Where does this leave the company that installs it in terms of profit (if any?)
Other questions would be 1- Will impactppa buy the assets of Windstream from shareholders? 2- Will impactppa tokens be issued to Windstream shareholders (probably not). 3- Will they even raise enough money to do big projects like this?
If they combined Windstream with the Impactppa financing and merged the operating company into the idea it might make sense but any other type deal does nothing for Windstream that we can see.
However, info I have been told by others close to the company so far seems to support RSH's previous thoughts.
Will have lots more info this weekend, jammed at work but just got a bunch of stuff forwarded to me from someone contacting people.
New info
I am in contact with someone that had connections to management and getting more info. They were sorta surprised about the ImpactPPa direction and like us wonder what is up.
They messaged me today with this link. It is a new article talking about the installation in Jamaica that Windstream had done and how it will be expanded using impactppa.
Hope to have more info soon.
It is my belief for good reason or bad, this will start trading sometime soon, if for no other reason other than speculation and the news related t ImpactPPA. Also there was an award given up in Canada to three blockchain companies with prommising ideas (not much money like 33k each) and one was ImpactPPA. I have connections to some of those people through a different investment so ill reach out to them
http://www.prweb.com/releases/2018/03/prweb15360076.htm" rel="nofollow" target="_blank" >insert-text-here" rel="nofollow" target="_blank" >http://www.prweb.com/releases/2018/03/prweb15360076.htm" rel="nofollow" target="_blank" >insert-text-here[tag]insert-text-here[/tag]
As of May of 2017 this was the last message I received from someone close to the crew here
"I spoke with Dan Harris and exchanged emails with Dan Bates before the holidays and he assured me he is committed to saving this company. I emailed him about a week ago asking a good time we could speak. I haven't herd back from him. I will try again. "
Ill see what I can find out. This is dated info but where we left off.
Thanks for all the new info and discussion.
I want to thank the people that posted the video, Wyoming Stock info and for the discussion both ways from RSH and Toxic.
At least the board is perking up.
Im due to circle back with my few contacts. One was in the game with Bates and another guy ill see if he responds.
RSH - I have to say regarding the stock trading, no big deal yet. But it has been trading a bit which is better than not trading. Back about a year? go we had much higher .0001 volume that is when I was hoping it was buybacks, this is too small but if it continued at 7-10 million or more shares a day things might be happening. After all if the marketcap is 400k (assuming 4 billion shares outstanding (a guess), and it only costs 100k to buy a billion shares you can really clean this stock structure up quickly.
The Preferred shares mentioned in the Wyoming report are convertible only at .006, about 60x where the stock is now, but a perfect way to clean this up. If they have priority over assets who cares, we do not even have a marketable stock now.So if they raise 15 million through preferred shares , pay off debt and bought back stock (the .0001s either in the past or now) they would be well on their way.
Unfortunately Toxic speaks the truth here and anything other than failure is still a remote possibility. However, I do think there is still that remote possibility.
Ill see what I can find out. Lets see if everyone can continue to dig a bit.
Very true,
Just keep in mind WSTI has a real busines, real product, real sales and a market cap of 400k
Even a 10 million market cap pump = a 25 bagger from these levels
20 million a 50 bagger
40 million a 100 bagger
etc
Toxic thanks for the financial for the prior company (prior to the name change to Millenium) and for the info in the release.
It is always better to have all the facts and info.
But there is one huge thing you missed.
That same company with the crappy financials and this letter of intent has a 63 million dollar market cap.
By comparison Windstream's is about 400,000. (assuming 4 billion shares os)
This is where anything , news whether it will work out or not could easily make this a stock with a market cap.
Before any of this came to light my reason for buying a small amount of .0001 shares was that anything breathing life into this company that has sales in the millions and products installed in 30 countries could make this a 20 million dollar market cap.
Millenium, as you pointed out , has no business, little to no sales and a 63 million market cap.
Windstream at the peak of the pump situation was at 160 million dollar market cap.
All they need is about 5-10 million dollars to be debt free and with increased sales they are easily 20-30 million or more. If not operationally just the whisper of crypto will give this some trading cap
Just my opinion
LOTS MORE INFO-
Bates just spoke at the UN in ny
They got a 3 million dollar gift from millenium blockchain (will post link)
This idea seems to have lots of support. Still uncertain on if or how this will aid Windstream stock however.
3 Million dollars to Impactppa
RSH -
I gave the White paper a good read and had missed some thing in my earlier skimming.
They already sold 1 million dollars in future rights to tokens so that is a good sign. If they are even partially successful in the funding they would have enough money to take out all of Windstream's debt. They should revive Windstream stock (assuming Bates loaded up on the .0001s) to make everyone some money including himself.
Not sure how all this will work though. People investing in the impact tokens would want the value of the tokens to rise and could care less about the stock of windstream. But if Windstream is made solid and provides the deployment assets for the build out of the solar projects it could be a win win.
Right now just some news would be welcome. The token sales is next week so maybe we will hear more soon.
Yes, he is making up his own coin for energy. The idea sounds good but I just think the whole crypto coin thing is over (too many out there, not enough interest after crypto recently imploded). I guess anything is possible .
Assuming he does raise some money in this fashion, there is no guarantee the stock would benefit. But I do think your idea is possible, just remote. Just my opinion.
Certainly if this thing has any kind of news it will start trading.
I admit I just skimmed the white paper quickly, ill give it a good read tomorrow and post back.
Hey RSH,
Good to see you :)
Just to explain a bit Bitcoin started the crypto-craze years ago. Over time other coins were developed and now there are over 2500 "coins". Over time people realized that by creating coins they can raise money since they are in essence making money (coin) then selling it to others that believe in the idea/concept . This is somewhat of a simplistic explanation but serves the purpose here.
Blockchain is the technology that forms the backbone of the coin trading and payments using coins.
While using "coin" (crypto currency) to raise funds made sense, it is my belief that the window closed on this maybe 6 months ago when the price of bitcoin collapsed and now everyone and their cousin is a blockchain company or issuing a coin.
Technically , yes, a successful plan might be a way to raise money. But I feel it is unlikely here. I do like the idea in the whitepaper, but not sure it can play out. However, announcements of any kind, especially related to something like this might provide enough to get this trading again.
Even if we ultimately issued 4 billion shares, the market cap here is just 400k.
Back a while ago when we had heavier trading I was hoping that the cheap stock was being acquired to be cancelled as part of a plan to reduce stock but that might not have been the case.
This company has sales all over the world, a product, and a dead stock. Usually something comes along to shake things up , if even for a brief period. It has been a long wait for any news and as we all suspect this might be in fact just a dead stock for sure but ya never know.
The company had great sales growth , even into the last announcement. If could combine some modest financing with a restructuring this would clearly have some value.
Thanks for taking the time to post the info.
We all like to remain hopeful. I guess this is crypto-energy related. Might have been good to bring forwards 5 to 6 months ago, but everyone and their cousin is a crypto company now and the bubble seems to have burst.
However , seeing where we are , with little to no hope , maybe this adds something to the picture. The only problem with crypto in this case is they are going to "sell" tokens not be interested in moving the stock of funding windstream as best we can tell. Just a new way to raise money for the new idea.
It would be nice if he could backend this thing into the stock. There was some recent volume, though not heavy so maybe some people are thinking this way.
With such a low market cap this would be ideal for a workout
Doesnt front-loading the cash help the dilution worries?
Read through a bunch of posts here. Lots of risks of course but the new 6.95 deal is front loaded 90 bucks or so up front. Each 1 million new subs is 90 million dollars. Sub growth has reached critical mass and is going viral.
Front loading the sub model pushes the cash forward giving the time to grow alt revenue streams from the subs.
My best guess is some bigger player will gobble this little market cap thing up before long, probably Amazon.
Spent some time digging through social media, people really love the service. They will probably load the boat with the frontloaded cash yearlies then raises the rates over time.
Good point, I actually thought this was going on a a while ago when we had higher volume. It would make sense to just buy back and cancel shares since they are so cheap. It could be part of a turnaround.
The problem is way too much time has gone by. The company is seriously in arrears with filings, and while operating they are at risk of being de-listed at any time.
There are companies out there with no product or just an idea for a product and they have 10-20 million dollar market caps. All they have to do is raise some money take out a bunch of these shares and move forward.
Oil prices rose a bit over the last year so that helps. The problem here is without any news from the company no one knows anything. If something is going to happen it would have to happen fairly soon.
Good to see some posts here, sorry I am late to the party.
My first thoughts are there is nothing new here. India has been operating all along, making sales and making deals all over. Keep in mind Windstream US only owns about 51%? of India.
There are many ways we have discussed that this can be fixed. The last "news" we heard was from a meeting in Indiana where Bates stated he was working on a turnaround plan.
A few things to note. Even for some of us .0001 peeps that bought at the bottom. A reverse split will create a bid/ask. Even if below what you paid the stock will be tradeable. So in this dire scenario it does allow an exit. While share prices usually fall after reverse splits, recently that has not always been the case. I am in one now that reverse split at 1.5 cents (to 15 cents) then ran to 49 cents (then back to 22 cents or so)
With such a low market valuation there are opportunities here. Since 1 , they actually have products that have been sold in the millions of dollars.
2- The probably greatly reduced operating costs in the move to India.
3- It appears the main note holder gave Bates more time to do a turnaround so they are not persuing bankruptcy
All it would take is an investment pool to take out the debt or turn the debt into shares in some combo of payments or debt and this company could be back.
Even if there are 4 billion shares outstanding, the current market cap would be only 400,000. This company was once valued at 160 million dollars. Even a post restructuring market cap of 4 million is 10x from where we are.
I have not however seen anything different in recent months than we have known about for a while. Though the trading is encouraging
Perhaps someone knows more than us, but I circle back with contacts and I get nothing these days.
Everyone would love to see something happen here but we definitely need word from the company.
Some thoughts on this...
The stock has declined from the equivalent of 4.75 right before the split to 1.50 or over 68%. If you read my prior post I stated it would only be interesting at much lower levels than where it was, and it is getting there.
Market cap based on current shares outstanding is very low. Float is very low so it can move fast if things go the right way.
The problem here is where are they going to get the money to handle the debt and make the acquisition.
At least they are attempting to fix the capital structure here which was the main point I made.
If they can pull off the deal, get some cash and debt under control there could be a chance this could go much higher or even be acquired. But there is a lot of ifs there.
The financials seem done, when do we lose the D in the ticker? And how do we know if any money is being raised by PREF E sales?
Thanks for the update, that is good news, moving in the right direction.
1- Reverse split greatly reduced the funny number of stock
2- Got current with filings.
A few more things needed but that is a huge positive
Yes, the reverse split and recent market value drop is a step in the right direction for cleaning this up. But still a few big hurdles..
1- The big stop sign on OTC markets and getting the reporting up to date
2- The huge amount of debts (rough numbers 600k cash, 2 million total current assets like 10 mil current liabilities)
3- The Convertibles.
No word on if they are even able to raise any cash at this point. The offered stock is yet a new convertible for which who knows what trading market will exist for it.
Needs a big money player to come in and fix things up.
The day before it was .0098 or so. You can see it on any graph.
So you are basically saying it dropped 50% on your trade and thus its even now with the pre-adjusted split price. Ridiculous..
So basically when you were doing your calculations of 20 cent one year prices for conversion muddling and I was arguing it was overvalued, it has dropped 50%
Why did you trade 500 shares? Also ridiculous. Unless of course it made it look like it did not go down since the reverse?
Basically this is down 50% to your trade. Anyone can just go look at a chart on otcmarkets.com
From a few months ago - Video from Bates
I found Dan Bates channel on youtube. There are 2 videos posted in the last few months. Watching this one I will link below sure is sad. This company is still operating , still shipping stuff all over the world and yet somehow we get no info, no update on the supposed restructuring etc...
There are some new things in this video but some is old and re-hashed.
Still pimping this stuff though.
Since things were bad a while back, oil has recovered and solar (and wind) is doing well out there now. You would think this guy could find a few million dollars of capital and blow this thing up a bit.
In any case here is the video
Windstream Video
Its not back to R/S level
That would be $4.75.
Multiply the pre-split closing price by 500 and you get $4.75
Gotta give it another few days to trade to see where the dust settles but no doubt as of now it looks to be down anywhere from 20-50%.
Still might go lower who knows. Virtually no cash, 2 million current assets, 10 million current liabilities, no word on if they are actually raising any money in the preferred stock deal.
Stop signs and warning signs on OTC Markets site for this ticker.
Still has a ways to go, hope they get some money cancel a bunch of insider stock and start fresh.
It had to come. I have been saying all along the capital structure is messed up and made no sense while other play with estimated numbers the real number is the amount of shares that hatch.
I also stated this would only be interesting at much lower levels and it appears we will or already are seeing that might take a day or two to figure out where it is trading. Right now it shows like 2.30 on otcmarkets. Bid 1.20 ask 4
It would have to trade at 4.75 to be even with where it left off before the split.
Now the the insiders get together and choose to cancel some stock they might make a company out of this..
Show me where there is a 1 year conversion restriction???? I read the whole document.
Series E "On July 24, 2017 the Board of Directors approved the filing of a Certificate of Designation for the Series E Convertible Preferred Stock comprising 5,000,000 shares with a par value of $0.001, an original price of $5.00 per share and subject to the terms of conversion at 80% of the market price."
Second, your math in your next post is crazy. Yeah let us assume the stock is 20x higher than it is now next year. Then lets convert. That is bologna. Take your numbers and multiply by 20, as you cannot assume the stock will be 20 cents that , even based on current shares outstanding which are always growing is a 40 million dollar market cap. Its market cap now is 2 million and it is loaded with debt and has 600k or so in cash last report.
Also the offering documents states
They have 3.9 million to pay on notes payable (currently have what 600k in cash???) . On the GRNE board someone posted that the people they owe have a lien on assets and filed some notice of default. Not sure if that has been cleared up yet
Sorry got off when it was 10x the current price.
This is not going anywhere until the capital structure is fixed.
It would have to be 1/5 or less of the current price to even be mildly interesting given all the stock that can hatch from preferreds.
Per the registration statement 970 plus million shares if they get the money. If they dont get any of it they might not be around but still over 360 or so million shares.
The lawsuits the BBB is smoke, and does not matter. With a decent capital structure this can be a home run.
If they acquisition goes through there will be even more stock.
Nothing can go up when there is an endless supply of stock that can sell into any buying.
Also the 600 million of common that can hatch from the new Preferred E stock converts at 80% of market price.... That is a disaster ...
and you guys keep talking about the Better Business Bureau.. wtf
Complaints are not the problem. Accidents are not the problem. The business is not the problem.
What is the problem is the never ending pile of stock from preferred shares. You really have to understand you dont know whether this thing will have 200 million shares or 2 billion shares. It is too complicated for most people to figure out but all you have to do is read.
The amount of shares outstanding DOES MATTER. Especially when they hatch to be sold at any time.
Like I said this is great business, a new interesting forward looking business in a world that values "experiences". I sold this thing at 10x the current price.
This capital structure has butchered this company. Surber, the other insiders should cancel a boatload of stock and fix the structure here. No one can invest real money with endless stock to be hatched from convertibles.
If they raise the money in the REG A (all of it) the document says this is the fully diluted shares..
970,565,651 <----thats right 970 million.
Now they are attempting to merge with another company for a promissary note and even more shares?
who knows how many more shares.
But sticking with a billion to make it easy... a 10 cent price would be a 100 million dollar market cap. The market cap now is about 2 million dollars.
See the numbers make no sense which is why the stock has been going straight down
No- This is what it says on OTCMARKETS.com when you punch in the SAKL ticker
Common Stock Dark or Defunct Pink No Information
No Information Warning
This means they are late in reporting requirements. There is a STOP sign on the quote page.
These guys paid for audited statements for prior years then went late reporting?
You keep track of how many shares can "sprout" from all this hocus pocus.
Read the offering document and figure out the share count, then figure out the share count if they pull off the merger.
It is mind boggling.. trust me.
Havent posted here in a while, but just checking out OTC Markets the ticker has a STOP sign and says "dark or defunct" probably due to late filings as a warning. Sometimes depending on broker you might not even be able to buy the stock in this condition no?
In any case they can talk about huge revenues all they want but there is way too much convertible stock and with the offering the stock would be greatly increased, I think over a billion shares? And that does not include whatever is issued for the "acquisition". Why a company doing 20 million would want a 5 million dollar promissary note and preferred stock in a penny stock not trading much is beyond me . Not sure what is going on here but it was all a good idea with a very poor capital structure . Insiders should just restructure this thing , even eat or buyback stock or cancel it and let it run into a decent company. Whatever they give up would be made back with stock valuation to use as capital.
OTC MARKETS HAS STOP SIGN HERE and says "DARK OR DEFUNCT"
Hey RSH,
I still read here from time to time.
I have not been able to find out much recently. Only anecdotal reports of some activity in Indiana, and the occasional India post of someone trying to push the solarmills. My guess is they are doing some kind of authorized vendor gig charging money to be part of the "big story" there and getting in some money and installing some units. No word on any big projects whatsoever.
No word on the potential restructuring mentioned a while back.
This was a decent idea run into the ground. Between potential uses in areas with no power grid, and off grid uses here in the US and other countries there could have been a good company here. With no word after so long I feel this is probably dead at this point.
The sad thing is while ventures fail all the time Bates did not care enough to even keep people in the loop as to what was going on.
This should be their marketing angle..
Worth 5 mil in market cap right here LOL
Mining Bitcoin with Solarmill
Solarmill Bitcoin Mining
Make perfect sense if you read the offering info. See my prior post.
Did you read this?
First off 14 million , would that be a record for Reg A? I mean Reg A offerings have generally been 1 million or less closed deals. I cannot think of any over 2 million. You?
Second 1.3 billion pro-forma shares?
Gonna be a bit murky to most people. plus conversion price based on a 50% market rate?
Why would anyone hold the common if they can by Reg A preferred and get shares convertible at 50%? Hope I am reading this right, gave it a quick look would be interested in your thoughts.
You are correct. Between 3.6 and 4 billion shares. After they went non reporting the share issuance might have stopped.
With due respect..
Expect another 8k any day now for more shares converted.
And I do not think you read the 10-Q on how this works.
I explained it in prior posts so see my the info and pages I highlighted for you.
The somewhat good news is with the 25 trading day lookback moving forward from the day this first shot up, shares become converted at higher price levels not the .00005 they were. 50% of the lowest trading price in that look back.
Not sure who is posting here but since the runup its been straight down with lots of new stock sales and the numbers for the app (at least what we can see) do not look all that good right now.
Dude it is just a discussion board. Everyone rarely posts here. Got in at .0001 after it blew up because the market cap went from 160 million to 350k.
FRZT was recently .0001 a few months ago and went to over a penny and has a ton of convertibles like WSTI does (and less revenue and just as much debt).. Sometimes things happen,many times they dont.
Well if you read, they were from people not happy with Windstream but on a thread talking about things in North Vernon. I posted these a while ago when I found them. They are late April , early May, so maybe things have changed since then.
One thing I do know is that these system are still being installed all over the world from India to the middle east to the USA and other countries. What that means (if anything) for the stock who knows. Most likely nothing. But it is not like the company is not operating out of India and shipping things everywhere.
I do agree, this is most likely dead.
Better call again..
"DATES WERE APRIL 25 and MAY 1, 2017
"wsti has recently called back some of the labor force in North Vernon and has joined forces with a company called Tosmo. The locals are wondering if this company has purchased Windstream as they list a corporate office in North Vernon or just running another "distribution agreement" / pump and dump? As you can imagine it is near impossible to get a straight answer on anything from Bates & co. Anyone have any insight on this development?
Local radio has commented but the papers and city council are in the dark. The Tosmo web site reports a distribution agreement - which is worth zero dollars in real world applications - it just means someone is going to try and sell your crap. There have been cars outside the facility recently during normal working hours. Bates/Windstream is still in default on the loan from the City of North Vernon, as a matter of fact they haven't even paid the interest let alone touch the principal. Last I heard they haven't made a payment in many months. I guess the fact that Windstream hired the mayor at the time son was enough for the city to allow them to go into default on their loan, leaving the taxpayers to pick up the pieces."