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Has a bid and ask again. .0001/.0002
Just popped in here. Interesting.
not much volume though.
Heard from another guy in the middle east. He wants me to keep the country private as he intends to be the "king" of this in that country. Intense sun and location avg 15mph wind.
Just installed a Towermill last week and is very happy with the performance. They just asked for a container quote for 20 /40 fit whatever that means (have to look it up).
Here are some specs from test
"installed tower mill for telecom company since 1 week ago just 3 wind unit with 12 panels 250 watts .We do monitoring based the batteries voltage from 6 pm til 6 am
The batteries voltage is 49.87 all hours, that mean only 30% discharged from batteries.
Compared with panels only the same site needs at least 21 panels
I contacted the company to give us quotation for 1 container of 20 fit and 40 fit . Urgently just for one client"
After months of contacting people, as I have said tons of people are getting back to me now. Not sure why, not sure it means anything. Probably hopeless in any case but there are people installing these things that are being sold. Rough calc of that one order is like 100k or more.
They exist here is a link
https://www.facebook.com/Green-Force-Electric-272369970815
People pull rabbits out of hats all the time. As it is this went to bid a few times over many days and well then people can get out at what they paid. Was thinking of testing the bid but I dont have much stock.
This company is a mess, but Bates could have closed it down many times. And these people working with the product believe in it. Talk to the Colorado distributor who just put in a system or the other people I have mentioned or seek them out on facebook.
I have seen "idea" companies with an obvious sham going on and no sales or business get promoted.
The way I would do it as I said, take out the cheap stock, have management and new owners get in. All they need is one of those big deal in India to pop and you have a story. (like outfitting every trainstop as they did a trial on that).
There are ways to do this deal, its not a lot of money and the increase from the depressed market value to 10-20 million would make the deal easier as if you get enough stock cheap would make almost enough money to cover the debt re-do.
I never thought this would go to having a bid without something happening so that much has been a surprise thus far. And some people even about at .0002. Who would buy at .0002?
interesting stuff
4.6 million in assets.
Cash 177k could easily be zero
Accounts receivable 305k - value could be a lot less now but if its roughly the same this would be an asset creditors could attach and collect
Prepaid Expenses 287k, no value to anyone as its a timing issue on a company expense
Investor notes receivable -1.535 million - related to plan of convertible notes probably no value to a 3rd party by terms of deal
Deposits - 62 k - other peoples money no value to creditors
This leaves two assets left
Inventory 1.9 million. unsure of potential value. If company is bankrupt and out of business probably little to no value. Potential scrap value or perhaps 10 cents on the dollar.
Property plant and Equipment 340k
Could have some value, depends on what is machines, autos and what is mostly worthless leasehold improvements. Guesstimate 50-60k tops.
Not much value in any of that for creditors and certainly less than secure debt.
The lawsuit will force a deal or bankruptcy and push this to a head.
I agree. I do agree with Toxic that the ultimate outcome is probably not good. But I think between North Vernon and the lawsuit pressure will be on to either restructure or bankrupt. Something will happen .
Curious as to the interesting trading we have had lately. If the conversions are not happening who is buying//selling the stock?
yes, most likely it is, but the toxic lenders wont get any money so they might be open to negotiate in a restructuring. A bankruptcy puts them at zero as well.
Thanks for the info. Seeing that the amount is not large and represents convertible notes, maybe they were not fully converted and the company stopped the conversions or something. Based on the info here doesnt seem like a huge matter but who knows.
It will be interesting to see how the trading goes .
Not sure what the deal is with I3, but Bates stated the restructure firm was out of North Carolina I believe. So I dont think I-3 has anything to do with them at the current time
Interesting info. Thanks for posting. I thought they were working with a company out of North Carolina though? Maybe both companies ? But in any case any new relationship could be at least represent some potential restructuring.
Good info guys :)
Just a few questions but I am not sure anyone would have any ideas..
1- Does anyone think retail is still buying these .0001 or .0002 shares after so long of little to no interest in them?
2- The company has not been current in reporting. What are your thoughts on the possibility that they would also not report the 10% accumulation by a party and is that allowed? (to not report it) ??? would there be penalties for that?
The reason I ask #2 is if I am correct someone is going to wind up with 10% of the stock at some point..
Will level 2 info still be helpful someone messaged me from my question on another board and offered it to me .
Will that show the market makers and amount of shares they are showing on bid /ask is that what we need to look at?
I can ask if anyone has level 2, but how do you tell if its dilutive or anti-dilutive from the info? because you see which houses are buying and selling on each trade?
Also note 26 million in volume already today
Good post and analysis.
That might indeed be the case .
My thinking is that the increase from marginal valuation of 400,000 to say 10-20 million helps make up for a chunk of the risk associated with lending money in to take care of problems IT is only the distorted valution that makes this possible.
All indications are that WSTI still has sales. If anything the reports I am getting are showing the US sales have started and other countries are still working with the product. This business could have been closed long ago at least twice so I do believe they are attempting something here.
Thank you to the other poster for letting me know what "black trades" referred to, and RSH thanks as always for the trades.
This is all pure speculation and we all know this is most likely a company that is not going to move anywhere but just for the sake of talking.
It would seem to me that the .0002 early trades were someone trying to buy before the market opened when the market makers selling the .0001 were off, I see this happen a lot when there is still trading but only some market makers usually at the low for buys and at the high for sells.
A lot more shares traded than usual and some of these black trades. Maybe someone is going about this as I mentioned a long time ago. That would be if there was ever a restructuring the following things would have to happen.
1- Management would need some shares since theirs got diluted
2- The new investor would need a big position
3- The convertible notes would have to be frozen or dealt with in some fashion (or paid off or a combo of payments and hey, this is going up because we are doing xx so you hold some etc).
4- Some shares would be cancelled
Given all the shares out there it would not be impossible to accumulate a lot of shares on the cheap. This would have value for the steps above.
This would put people and management in a position to make money on any turnaround and substantial money at that .
Keep in mind that this company once had an overinflated pumped market value of 160 million.
Even getting a market value of 20 million would = .005 a share of 50x.
100 million shares for management as part of the deal would = 500k
If 2 billion shares were acquired and cancelled for 200k, the 100 million insiders owned =1 million dollars and so on.
If done right I figured much of the risk of investment would be back to the investors just on the increase in value of shares.
This of course assumes someone finds a good enough reason to even consider it .
But I have seen harder things happen.
Only a lotto ticket chance here but that is how i would do the deal along with the new financing and investors.
What are "black trades"?
Really odd trading today.
Over 90 million shares. Closed on a way low trade yet traded at .0002 for a bit.
Something is definitely up with this stock.
What are "Black Trades" guys? never heard that term before.
RSH do you have the trades for 9/27 (its after midnight so its actually 9/28 as I post this).
I think some of this trading has to do with the restructuring in some way.
As always thanks for the info. Still not a lot of .0002s going off but interesting trading nonetheless.
Like I said anecdotal evidence from people and the stock price seems to show something might be up or being attempted.
My current plan is to evaluate selling half if the price goes to .0002 bid (which might never happen). That way Id be riding free shares if they move higher and only would be out a minor commission if it went bellyup.
It is not a good thing to tell people what to do. But if you bought at .0001 at least you might have a chance to sell some if the bid holds up.If you do decide to sell let us know how the sales goes off (if they fill it all etc).
Personally the last few weeks have shown a tiny bit of life here so in my case Ill be holding for about 6 months. If the bid goes to .0002 , depending on the situation I might sell half and ride free shares.
I wish you the best of luck!
Yeah I saw that a fat fingers trade most likely , the same as similar ones in the past.
In other news , I mentioned that there seem to be more posts about Windstread stuff from people working with product lately and after many months of seeking info people were getting back to me. Just yesterday someone (who wants me not to mention their name or country) messaged me asking me question about the product and was planning on being the sole distributor in their country.
This really does not mean much but there seems to be more and more of this type stuff going on lately. From the guy in Jamaica to the Green Force Electric, to the people in India and now this guy who is in the Middle East area.
Obviously they are still operating. But that does not help shareholders. But it does seem like something is going on behind the scenes that people are hearing about. Whatever they are hearing might not be true but an effort is being made on some level.
Best of luck to everyone!
Info from a Colorado Installer.
You guys can go to facebook and take a look at Green force Electric but Ill post the important stuff below.
"Green Force Electric installed 30 days ago the first SolarMill (solar & wind) system in Colorado and it already saved the home owner 27% on their electric bill. Product and install starting at $5800.
Today we added a 4 panel solar system to the existing base infrastructure. We are expecting to save an additional 25-30% on the electric bill."
Thanks Rsh,
I want you to know I do appreciate the info you post on the trades all the time.
6 months and we should know how this turns out. If anyone catches any news please post it!
After some zero days .0001/.0002 range today again!
I think I should have explained more clearly. While the lower oil prices really hurt, other companies have different models.
Most are trying to service top tier countries with expensive systems costing over 30k or leasing them or using tax credits for big projects etc. Some are manufacturers of their solar cells as well whose prices keep dropping.
Windstream makes some parts but purchases things which keep going down in price. They attempt to service no grid areas and people looking for a low cost solution. I think it is a different market.
No matter what the case, we do not know much since the financials are late. It would have been nice to see how last year closed out and what was happening this year, but I do think within 6 months we will know something.
Very good points and nice research.
But the good news is WSTI is already annihilated! That is the difference. When those big companies get to the pennies or less then they might be comparable. But there are also differences. We all agree this thing is a complete crap shoot with less than a 1% chance of anything good coming out of it, but it is interesting to watch.
The weird thing is the same reasons why everyone hates Bates are the reasons I feel this might have that slight chance. The guy is a wheeler/dealer. He never gave up even though he could have many times. Back when the Indiana plant first closed, back when funding ran out, again when he had layoffs and hard times he could have just bankrupted it. But for some reason maybe a few reasons he is still trying.
With about 100k one can buy and retire a billion shares, 200k 2 billion, given how many shares have been trading this year and now with the company in blackout who knows what is going on. Would they even be filing those forms on 10% owners?
I think we should know within about 6 months one way or another.
Very good points and nice research.
But the good news is WSTI is already annihilated! That is the difference. When those big companies get to the pennies or less then they might be comparable. But there are also differences. We all agree this thing is a complete crap shoot with less than a 1% chance of anything good coming out of it, but it is interesting to watch.
The weird thing is the same reasons why everyone hates Bates are the reasons I feel this might have that slight chance. The guy is a wheeler/dealer. He never gave up even though he could have many times. Back when the Indiana plant first closed, back when funding ran out, again when he had layoffs and hard times he could have just bankrupted it. But for some reason maybe a few reasons he is still trying.
With about 100k one can buy and retire a billion shares, 200k 2 billion, given how many shares have been trading this year and now with the company in blackout who knows what is going on. Would they even be filing those forms on 10% owners?
I think we should know within about 6 months one way or another.
Thanks for the info as usual RSH
Interesting trading this week. Let us see what happens next week.
Even though the chances of new money and a restructuring are slim, I mentioned in the past how I would go about it.
With around 4 billion shares outstanding and a market cap of 400k or so, one could accumulate and hold or cancel tons of shares before a stock even moves for peanuts.
2 things would have to happen. Management would have to own some stock since their old stock was diluted to no value and new investors would have to own some stock.
So say after their report went late the plan was to keep buying stock representing purchases by management, new investors and part to cancel. They could re-do the whole deal at minimum cost.
Id have to look at the volume since then and see what comes but that is how I would do it.
Thank you ! So most shares, or some 40 million traded at .0001. A tiny amount traded at .0002 and one group of trades about 3 million shares went through at .00001. Very odd trading.
RSH, when you get a chance can you post todays trades?
Very unusual 43 million in volume already. Low now .00001 high .0002
Could be someone saw the bid and put a market order in by accident or something. Who gets the shares when .00001 is offered the market maker? I ask because people cannot put in buy orders below .0001 (as best I know)
Interesting stuff!
Thanks for the info.
Not really sure what is going on here. To be offering .0001, this could mean there are no readily available discounted conversion shares able to be sold since those people would take .0001 since they get the stock at like 40% off that price.
If that is the case this could be interesting. Perhaps a deal was made as part of the restructuring.
Very surprised to see multiple trades at .0002 even though there is only minimal dollar value to the trades. Could be just someone heard about things going on and wanted to get some shares.
Ok on TD I am showing 180,000 bid at .0001, and over 100 million on the ask at .0002.
And volume is showing much higher than we see here , at 3.6 million
Another tiny trade at .0002. If this starts trading millions of shares at .0002 then something might be up but as of now it is hard to read much into such small trades. A million shares is like 200 bucks at that level so these trades are tiny.
Not sure why someone is buying at .0002 and how large the bid is as I cannot see it. IF anyone can let me know.
100,000 share trade at .0002 . Legit , not a fat fingers like our other up trades.
No real idea unfortunately but I would guess we should hear something by the end of the year either positive or negative. The business is still operating (for now).
So far the tidbits of news are mixed..
On the negative side some people working with the company on the sales side have not had much traction as they say the product is not turning out the energy it estimates.
On the positive side the Jamaican contractors told me they checked out the two big projects and they were doing well and as expected.
There has been a flurry of people getting back to me after months of silence , so it seems like someone is talking up a storm about good things to come but that could be just "pumping" like activity consistent with a restructure effort.
The plus here is the amount of money needed to clean this up is not that much. And also since Bates stock value was diluted away he really has no out other than trying to keep something rolling along here with a restructure.
I wish I owned more so I could test this bid, but I only bought a token amount of this thing given the risk.
Well not sure but the analysis here has been pretty good (both the good and the bad shared openly).
It is probably just due to the freezing out of conversions since the filings were delayed as someone pointed out. Combined with these efforts at restructuring. I was going to try to spin off a few shares to see what happens but Id be breakeven less a 9 buck commission and if it did not go back down to no bid/.0001 id be out of part of my position.
We really have nothing to go on though. Though it does appear that Bates convinced North Vernon to be a bit patient as he attempts to restructure.
When I first got in it looked like potential max value was .01 . As more shares were issued (dilution) that number approached about .005 (about 50x current prices) but if things deteriorated from there who knows.
A no bid stock is one of those few situations where a reverse split actually allows people to get out (meaning it starts trading and you can actually sell even if at a loss).
Right now I suspect some of the rumblings have people interested in buying but the supply of stock is limited so for a brief window the market makers will try to grab some shares to fill interest.
Probably wont last.
At the height its its pumped value the stock had a market cap of 160 million.
Now its like 400,000. Almost any survival deal should see that cap at 10-20 times that level. But the chances are slight, still a lottery ticket IMO.
Real .0001 bid today
see otcmarkets
Are you not forgetting the stock for debt deal coming with Sack Lunch? at 25 cents 2.1 million in debt is like another 8 million shares no?
"It is time to move the company forward. The first step in the process of growing GRNE, at this point in time, is restructuring the shares of common stock to a level that is more attractive to accredited and institutional investors. The second step is to eliminate the large related party debt of $2.1M which will transform the balance sheet. The third step will be to spin GRNE off from its parent company Sack Lunch Productions, Inc. (OTC PINK: SAKL)
Thanks for posting this. Not sure if anything will come of any efforts but it does seem to me that people are out there looking into things or being told things. I had a few people get back to me recently I posted about them here. And the guy that told me the Meyers Fletcher site in jamaica was going well checked on another 32kw installation nearby as well and so far they are happy.
None of this means much but I get the impression they are making a last ditch effort to drum up interest in the stock as part of a restructure of some kind.
Who knows, but thanks to everyone that shares what they find!
Thanks for posting this. Not sure if anything will come of any efforts but it does seem to me that people are out there looking into things or being told things. I had a few people get back to me recently I posted about them here. And the guy that told me the Meyers Fletcher site in jamaica was going well checked on another 32kw installation nearby as well and so far they are happy.
None of this means much but I get the impression they are making a last ditch effort to drum up interest in the stock as part of a restructure of some kind.
Who knows, but thanks to everyone that shares what they find!
I agree with you on that.
It is very weird but only recently has anyone really gotten back to me and it seems like Windstream must be talking up a storm about this restructure and move forward etc.
Now that is probably mostly wishful thinking and as I have posted news has been both good and bad but I pass along anything i get here.
Right now ironically the best way for anyone to get any money out of a no bid stock is a reverse split. so instead of 100% loss maybe you get out with 20-30% loss as it will trade again.
I know that sounds crazy and mainly eliminates the chance to make any money but does provide the bid/ask needed.
One last life for this cat maybe, probably short lived but who knows..