Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That is good news!!!
That means the project is still in the works, that somehow they found a way to get the first pilot done (funds?) and things are progressing.
Thanks for keeping a close eye on things A27 :)
Let us hope this is our year!
Hey everyone!
I know it stinks!
But in the bigger world of crypto things are looking pretty awful. Not sure how many of you are following what has been going on but basically as you know the market crashed, recovered a bit then crashed some more. As I dug further I started following Craig Wright's posts (one of the apparent 2 founders of Bitcoin) and what he has been up to is developing Bitcoin SV which he calls Satoshi's version. Basically to make a really long story short , he and his nchain group has been patenting tons of things done with blockchains and from what my take is , pretty much panning all other crypto as they will be paying him licensing fees. IT is really a muddled situation but the bottom line is if what he has been saying holds true, between this and the various regulatory agencies the days of most crytpo might be numbered.
Id be curious as to anyone else's take on these things.
That is good news SUTT!!
Evidence seems to point that things are still being worked on. Might be a bit of time but hope we hear something in the new few months as things take shape or jobs start. Probably see something on telegram at some point.
Now I could certainly use a party! :)
I think all signs point to something working in a good direction. It will be nice to finally hear some good news, its been a rough few months!
Like you I am holding :)
Can you post it here or post a link? I have not seen it
I can add that it was not me that had that conversation. But that it does make sense . Dan has been pretty positive yet quiet and did go back out on the road. I assumed he did get some money but he did not mention it to me. I think he has to handle things as he sees fit. Whatever money was raised (if any) took a real lot of effort based on all the prior discussions and info we had.
As for the later posts on TOSMO , when WSTI Was struggling it had to figure out ways to continue operating and eventually to move. IT has a bunch of legacy issues to fix but if the work was there and money was raised things will get better.
Some good posts here by people.
Obviously anything is possible at this point. Id like to believe things are moving along and some things point to that. I do think things will take off when that happens.
Lets hope that legal matter gets settled or a new lawyer comes in in time etc...
I wish I knew more but sometimes things have to be handled behind the scenes for the best results.
Good afternoon :)
I recently updated the WSTI blog page with new faucets including a 100 coin faucet .On the 100 coin one they ask for a tel # but there is no text to confirm code or anything so might be worth grabbing. Also there are a few new faucets.
wsti blog
I wrote a little blurb about WSTI there but in essence still trying hook up with Dan as he has been very busy of late with meetings and travel.
Hope everyone is well.
Yes, it is always good to look at everything :) I agree job funding and the start of work would definitely be helpful both to get things rolling and to encourage investment in the company.
These half-news type things come up from time to time as a result of a feed of people who are filing SEC forms. For example the people might have many other holdings and are just updating an older filing. Thus only those type people are shown.
So it really is meaningless and this info can be from years ago..
Interesting that we are seeing a bid/ask on the screen now. Is that just on IHUB? Can anyone confirm on their broker sites?
Yes saw that!
There is a networking meeting at the Butcher Shop MIA , Beer Garden & Grill Restaurant in Wynwood Miami afterwards. The lady putting holding (Crypto Wendy) it is someone I know on Twitter so I passed along the info to Dan and Jeff in hopes they might be able to sneak by. They might have other plans but lots of people there have tens of thousands of followers .
Plus free drinks.
Maybe Frank can swing by LOL
FrankP can you get to the Miami conference?
Everyone else if you can re-tweet the tweets I made about @impactppa or make your own to get them some traffic down there at the conference in Miami. You can find my tweets @ctblizzard
On the good til cancelled orders not going off..
The first week we went to grey sheets we traded a few hundreds million shares or more.
Many if not most of those were probably dumped on the 2s at that time by some of our favorite characters. You remember what was going on right before that right?
So there were probably a ton of orders there before peoples current orders.
Today I believe ImpactPPA is at the Miami conference right?
Hopefully we hear more soon..
Looks like the .0004 trade does count , just another trade after it to bring it down to .0002.
WSTI trades
Hey Guys thanks for all the posts with well wishes and messages, but I am ok!
I did not mean to make a big deal out of things just had been doing so well lately and these heart things that come out of nowhere can sometimes be scary. So I take a step back, am careful and have finally learned to scale back when needed (took me 54 years LOL)
In any case I have had the chance to connect with numerous people over the last few days. Everyone seems to be on the same page and everyone I talk to seems to agree on how to get things done here.
Occasionally I have a brief message exchange with Dan (CEO Dan) but I am truly not sure where things stand right now. Part of me thinks he got a bit further and part is unsure.
Based on the recent ImpactPPA whitepaper things should be coming to a head this quarter. Jobs are supposed to start , the MPQ should launch and something should happen.
Just to review some things.. There are a few ways things can move forward.
1- ImpactPPA can get investor funding and Dan can use the licensing fee deal to shuffle money over to WSTI to resolve issues over time. It would be to his benefit not to announce this as he would be resolving debt issues and court case etc etc. We might not even know if this is happening
2-WSTI can raise funds to get the filings done a number of ways. Once the filings are done there are numerous people I talked to that would have what they need to base decisions on and of course the stock would start to recover.
I think Dan is open to all options from what he said but honestly do not know what if any progress has been made in recent months.
Dan's initial thoughts on ImpactPPA fund raise shuffle funds over were good in one sense is that it would take care of problems/issues without much WSTI dilution.
Solving things on the WSTI end would involve some dilution or a lot of dilution. But sitting with a 450k market cap and running the numbers.
Even with an 80% dilution a 40 million market cap makes the stock a 20x move from here higher market caps even higher.
Another solution would be to have the investors involved in the initial tranche allowing for less dilution along with warrants and thus allowing the increase in equity market cap to help fund the company. This is where my client and his contacts felt would be a workable deal.
Originally when the stock was 5 ticks (.0005) we could have issued a billion shares at .0005 along with warrants at 10 and say 15 ticks. Shareholders who participated would stay even, those that did not would suffer 20% dilution but the stock would go up. If you chose to invest you would make money on the move up then have warrants which would feed more money etc.
This made sense to me.
I have discussed some or all of this with Dan in the past but I am somewhat limited as I do not know the answers to key questions.
1- How much Stock Dan owns
2- When will these jobs actually start and what business is running now
3- Actual numbers on debts. Right now we assume about 1.7 million convertibles, 2 million import/export credit line and other matters like the lawsuit.
You really need some info as getting money for filings does not help much unless work/job start and or ImpactPPA has raised funds and can also help.
So there are lots of good ideas/pieces and lots of people willing to help. And Dan (Bates) has been in touch with some of the same people and lots of other potential investor groups. Like I stated before, while nothing hatched as quickly as hoped, no one really went away, everyone stayed interested and is somehow in the loop.
Wish I could just do this myself, ya know win the powerball, write a check make it easy LOL
Going to see what answers we can get soon.
Hey guys, had a little heart complication I am still working on but still here for now :)
In any case I have heard nothing recently. I know I occasionally get messages or texts from people but nothing that I have heard short of the usual potential investor meetings and conferences that happen all the time.
I hope to connect with some of you guys soon.
In other news there is a 100 coin plusone faucet now, that probably wont last long but it is 100 coin Liberium faucet
(it is also on the wsti blog in case you forget) but it does require email and phone number but no confirm of phone by text. I should have given it my unplugged home phone LOL
In any case I hope we know more soon.
Also , maybe I missed this before but John Owen listed as (CFO) of ImpactPPA was the VP finance of Windstream and came on Board Aug 1 2018. If you cant see the linkedin find him on Facebook its listed there as well.
It appears things are coming to a head this quarter.
Hope we find out more at the conference.
Good post Dan,
I think we do need to get some info.
Basically the deal , at least since 2015 is that the company has been limping along and the costs of it being a public company are high. Just getting the financials updated would be around $300,000.
But there seems to be no shortage of people willing to help from the people I have talked to and then Dan has met with dozens of potential investors including some larger ones.
On this very board I felt we could easily raise the money needed to get the company current. I even posted that to the board here when the stock was 5 ticks (.0005). We could have raised 500k easily, and just the announcement that the company was going to be current would have sent the stock (then before suspension) up multiples of where it was. Plus we would then have the financials we would need to address larger investors. I proposed such a deal here but also later with warrants that would raise more cash as the stock price rose.
With so many stockholders and such a low amount needed it was the ideal first step to keep the company from getting suspended and set it on the right course while providing shareholders the ability to participate. I was not worried too much about the dilution because the market cap is so low (and was so low then as well).
Then prior to the suspension I talked to everyone as you know and also met with clients of mine with money contacts and felt a tranche raise starting at that same point the financials and then offering more money to resolve the debt issues would be the safest way to go. At least with people I knew.
Dan has met with numerous parties. I believe he felt when India was getting close back in May the fund raise would take a few months and we would be off to the races. The idea there was the Impactppa fund raise would be in the 10 million plus area, perhaps even higher and then through the licensing deal he could just shuffle money over and resolve issues at WSTI.
Dan was talking more a while back, and the changes recently led me to believe something got closer or happened or maybe is close and he really cannot tell us. That is just speculation on my part but I want to respect his efforts and offer to lend support to them if I can without him feeling he somehow has to reveal some top secret info.
It is up to him and his legal counsel to determine what can be said I would guess.
I think where he missed the ball a bit was in trying for the money big enough to fix everything and not keeping his eye on the first step of those filings. But he did have people interested in big funding and none really stepped away they just basically needed more time or put things off.
What I would want to know here is 1- what jobs will be starting and when 2- what is the current status of India 3- What funding has been raised so far (if any) 4- What is Dan's stock ownership in WSTI.
Rough numbers we have on "issues" are 2 million or so in credit line import/export bank , 1.7 million in convertibles, 300k or so needed for financials and mop up money for the lawsuits etc. But it is possible amounts could be lower with settlements of these amounts.
There could be other legal issues we do not know about or other problems.
It is possible Dan already accomplished something but we just do not know now.
I did not catch this exchange but believe if people talk to Dan or Jeff privately it is better while things are in the works for Impactppa.
We all agree WSTI succeeds if ImpactPPA gets a good amount of funding. We also agree that WSTI can do things differently and fix itself up in the fashion you just mentioned. There are lots of ways things can get done.
I think nothing is off the table. It is just that while potential investors are considering investments it is important to keep the "channel" on topic as no one would want to read about "getting rid" of the company they are investing in.
They might not even truly understand what people are saying since there are two companies and not everyone knows the story and synergy that we know.
As I have mentioned before I feel there are multiple efforts underway as even I have received emails/ telegram messages from people interested in helping.
I think a bit of patience and prudence on where the venting happens makes sense at this point but people are free to do whatever they want.
I am going to try to reach out to people I have talked to here over the coming week before I get too busy.
Hope everyone is doing well.
With the price so low and interest waning they really need some larger faucets. We are down to hardly any coins now and little to no information.
It is also possible that if interest goes so low people stop mining there wont be any way to confirm transactions sent to exchanges (which already take a lot of time), then the coins will be stuck on the ihub wallets.
Given the price there should be 40-50 coins a day minimum available. otherwise it might die a sorry death.
When the price went up it made sense that the # of coins was lower because the advertisers had to pay more for the coins used in the faucets.
WSTI has been broke for years. At least going back to 2015 when I got in.
Dan tried raising equity funds for WSTI and did not have interest. He felt he had indications of interest for large amount of money for Impactppa back in May/June that would have finished India and fixed WSTI.
As it turns out that never happened THEN. However those same parties are more are still in the mix as well as many shareholders wanting to aid in things happening.
Dan has traveled all over the world this year trying to raise money and is still at it. I personally think some things are getting closer but like you say he cant tell me or you and or anyone at this moment for many reasons. One it would be insider info. Second it would hurt the chances of negotiating away WSTI debts.
This stock only ran because of a few big buyers who bought about somewhere around 250 million shares, one of whom sent alerts to all kinds of people and people started throwing crazy money at this thing. A non-reporting, sub penny stock. When those buyers bailed and then others came in to churn it the game was over. But none of that has anything to do with Dan.
Dan was not selling WSTI shares to raise money. And as best we can tell he never sold any of his shares. He made ZERO money from any of that.
Right now everyone wants answers but as of now we are not dead yet and to me as much as things looked and sounded great back in May, they actually seem closer and better now. Except of course for the stock being suspended.
The problems WSTI has is the same problem it had when I first invested. And that is getting enough funds to get rid of legacy issues and move forward.
As people do Due diligence they find things on boards and telegram and it makes sense not to pollute them with nonsense or confusing stuff. That is why they do not want people saying all kinds of things there.
As for Dan stepping down as CEO as people have suggested. If he did the game would be over as there is no one that is going to work on this as he is the only one. For now that is. With adequate funding he has already indicated he would like to have a strong team and change positions.
Right now I am holding to see what happens. If something develops that I can help with I will help. If there is a unit offering for shareholders to get filings current Ill help with that. Whatever happens I am here trying to make this work and I am not the only one.
The odd thing is Dan could have bankrupted this year ago, and was told to do so many times but never did it. Everyone rails on him. But in actuality many people got alerts from a few big players who used your money to make themselves money then sold out and left you hanging. That is really what happened with this stock.
Over the next few weeks we should learn more as people are messaging trying to work on things (other shareholders)..
Hope everyone has a nice new year and hope 2019 is ..finally.. our year for WSTI
Oddly to do it right about the same amount that it would have taken when I made my first few posts here.
5-10 million.
But it could be done for less depending on what work was in play (jobs). India alone could have started the process.
Filings about 300k or so
Settlement of Convertible debt between 700k-1.7 million
Import/export loan other loans 2.3 million roughly
If ImpactPPA got money they could finalize their licensing fee deal shuffle money over to settle debts. Perhaps for some cash , some stock etc so potentially less.
On a deal focusing on the WSTI side the idea was to fund the filings first. An idea I posted here on the board months ago. Could have sold a billion shares at 5 ticks and kept this current. The people that bought that billion shares at 5 ticks would have had warrants at higher levels and the stock would have moved to 30 ticks maybe higher.
Tranche deal, money coming in, company current all for a 500k shot which we could have easily done here or with help of a few contacts I made.
The problem is the end game. We really need to know if and when the job cycle would start. If we could ice that down or if it started it could be easier.
Dan has met investors along the way looking to possibly do these numbers or higher. I have no idea where any of that stands now but feel it is all still doable.
That is nice but I think we just focus on getting things done that have to get done and the company will be able to do what it needs to do to have the right people on board.
Right now, I know people are free to say/do what they want but I would encourage you to remain positive until you know for sure things are dead. That is because potential investors read this board and telegram and I know even one of the people I talked to was like "What is all this about etc etc".
It is ok to be angry, upset, to think Dan is this or that, that is fine but posting it here on public boards and things on telegram hurt your own stock position.
This thing is nowhere near dead yet and its reincarnation can take many forms.
Well some good news today...
Plusone is (for now) up 87% on the day! :)
Yes, just drew what could be my last coin from this faucet.
With the price/value so low on plus1 right now I think there really needs to be some bigger faucets. Back when the coin was at this level before we were getting 5 and 10 coin faucets.
One last post then I am taking a break for a while.
First off, I like EVERYONE on this board. I have enjoyed my conversations with everyone. Sometimes I disagree and we argue points. RSH is a smart guy , and we have been talking/arguing for 3 years the same way LOL
That said this will be my last post for a while. I reserve the right to remain a bit more positive in my own perspective on things.
For 3 years Dan tried to raise money in the traditional way through WSTI and could not raise it. Oil prices had crashed before they ran up, and Solar companies were closing left and right. No one wanted to offer money for alt power companies. I know this because a big shareholder told me about Dan's efforts to issue a preferred stock a while back, along with 70 pages of info regarding projects etc.
What happened here is in 2017 money was flying around in blockchain and crypto. Bitcoin had risen to 19,000 a coin, and energy blockchain companies were getting funding. There is a Forbes article from late 2017 when Dan is talking about trying to raise money.
He just missed the window as Crypto crashed and the fluff money everyone was using was gone.
Everyone thought it would come back but didn't.
But through these ups and downs blockchain projects are still being pursued. Mainly by people with lots of money and mainly by people outside of the United States.
That is who Dan has been targeting along with trying to hold other things together.
It is my opinion (Which I am entitled to) that this immense amount of effort will pay off. It might not and I could be wrong. But I am not going to waste time arguing with people. We are all disappointed that things did not go well so far.
But bashing here is counter-productive and might even hurt your chance of making money so I will not keep it going by responding and sticking up for Dan.
I got to know Dan a bit since May. Like all of us, he might not be perfect but many people would have given up years ago. The dude keeps trying and I know this for a fact.
He is the first one to say that if he did raise money he would get help, assistance and take a different role in the company. But there is no one to step down to. He is the only one willing to work for nothing at the current time.
From conversations with other international alt-energy companies it is very hard to get things done without huge amounts of travel as all the work is in these other countries where Dan has been going. And the Caribbean became a big place for potential work since the hurricane damage and other things like the huge oil find off of Guyana (where they might now have tons of money to pursue things)..
Everyone wants this to workout. What is going on with crypto is not Dan's fault. He just went where the money was being raised.
Go do some research on Powerledger. They raised 34 million dollars and lots of news and articles.
ImpactPPA actually has way more work and a better business model than powerledger in my opinion.
People can be negative, it is their right. IT is their right to be mad at Dan. I get it. As I have told you all I have never risked a lot of money here as it was always a longshot.
It is my belief we are closer than ever to getting out of this mess. WE might not know anything for a while as things are worked on. It is certainly possible things do no work out.
On my end I am going to focus on whatever I can do to be helpful to the situation. I have some contacts and made some media connections through my work on this stuff and have talked to a lot of potential investor type people.
I hope everyone has a great Holiday and ill be around just not going to go back and forth on a board. We all hope for good things.
I agree. This is the right place at the right time.
IF Crypto had not crashed Dan would have already raised the money. People felt poorer for a while but big investors know what is going on and are funding deals.
I really feel Dan has made some progress. I do no think I will hear about it, nor anyone else because he has work to do but at least we are somewhat in the loop.
New info on Blog and more..
First off SUTT I know it is royal pain but referral links stopped working so send me a new batch on twitter (they stopped working Dec 1)
Next Dan is busy and I sense things are moving along though I did not get any new info.
Lastly in the continuing discussion with RSH...
ImpactPPA has GEN Credits (purchased by end users of electricity) the transaction goes through the blockchain and is not dependent on the value of ETH it just converts at the going rate for the fiat of choice. ETH just makes the transaction happen that is all. Users do not even see anything with ETH just buy like buying cell phone minutes. IT happens behind the scenes and was one of the first questions I asked early on.
Second the security token is the MPQ token.
Per the ImpactPPA white paper "The MPQ Token. Built on the Ethereum platform, ImpactPPA will sell its MPQ Token
for the development of its global platform. The MPQ Token, a security token, will be
designed to provide investors access to the Company’s many revenue streams generated
by the licensing of its technology, and the sale of electricity and assets."
The MPQ token has its own value. And while yes the rising and falling state of crypto affects that value it is not ETH.
I have a good specific example for you in the same industry.
Around the time Dan was brainstorming ImpactPPA. Last October Powerledger an Australian company raised 34 million dollars in a similar situation. While the valuation rose to a crazy level a few months later due to huge spike in crypto interest, it is still valued at 27 million today after the sell off.
This is also not as well set up as Impactppa as it was an ICO not a security token and ImpactPPA actually has more business than these guys do.
If Dan has raised money or raises money soon he might hit things just right at the bottom of the crypto market.
RSH you know I value our many discussions but I think you are being a bit overly pessimistic about how this stuff actually works.
I sent you the actual document used for the SEC exemption and the SEC commissioner talking about that exemption. ImpactPPA was set up in the most responsible way given the info out there. Are there tons of risks with new stuff and things crypto -related? Sure.. but there are also chances for huge returns.
Powerledger came out at 34 million and in 2-3 months was up to 600 million.
We are in the right spot at the right time and while people knock Dan all the time the dude works endlessly. He may or may not make this happen but it wont be for lack of effort or for shoddy set up.
The lady that helped Dan set things up is extremely smart and is often interviewed by Crypto people on the way things are heading.
Right now while there is blood in the streets in crypto everyone is running but Wall Street types have been in this space for a year or two and Fidelity is going to launch its own trading platform. A phone manufacturer just built in crypto trading and things are moving forward.
Also while the drop in plusone coins value sucks, keep collecting , they will rebound at some point and it is free money.
Updated WSTI BLOG
Just getting back to having time to reply to this again...
First, Impactppa/WSTI does not need ETH to do well to survive, it has very little to do with anything. Second as we can tell from the crypto crash there are lots of concerns with ICOS and crypto as currency etc.
The thing is ImpactPPA took the security token/utility token route for this reason. They are using an SEC exemption for such a money raise and thus are way ahead of where many other coin projects are some big ones which might be in jeopardy with the SEC .
There are still some unknowns and grey areas and concerns but overall this is how things work.
Customer needs electricity. They buy basically cell phone minutes or cards and transact to purchase electricity at whatever the going ETH rate is at the time. So the price of ETH does not matter because it is just used to confirm the transaction through the blockchain.
As I stated before the only concern would be with the planned dividends paid in ETH out of profits. Something which would happen down the road if it does happen probably well after we would know where we stood with WSTI. But going there for a minute the original thought was there would be tons of tokenholder/stakeholders and that crypto would make it easier to pay them out given all the international rules etc. There might be only a handful of owners if this plays out like we think but that being besides the point that they can always change that payout procedure at any time.
Once the investments in the deal are done, the security tokens represent ownership and the thought is that they would trade on an exchange like a stock exchange. This is the direction things were moving in according to the experts and attorneys working with these larger projects. Some have raised 100 million this way, so people do raise money and some people do understand this stuff.
We all agree this has been a tough road for ImpactPPA but I really do sense that money raise either happened or can happen.
Other than all this crypto stuff there is no reason jobs cant happen the traditional way without any of this stuff. Many might work that way. Crypto, smart meters etc gave ImpactPPA the tech angle edge Dan needed to attempt to raise the money he could not raise for WSTI in other ways.
While I have a good feeling where we are now and could be wrong, whatever happens I can say since the time I first started being in contact with Dan sometime in May when I asked a few questions on telegram he has worked extremely hard for little to no pay and traveled all over the world trying to raise money and fix these problems we have. And at the same time provide something stable for himself should he succeed.
RSH,
As discussed on the phone the only place Etherium comes into play in the ImpactPPA plan was the payment of dividends and the local fiat conversion which happens instantaneously. It has nothing to do with the project or security and utility tokens.
Purchase of electricity happens when buyer uses app to buy, whatever currency they use converts at whatever ETH is at the time. Does not matter if it is 1.00 or 1000 dollars. It is the blockchain that makes the transaction happen.
The dividends could be a potential issue (if we get that far as to have profits and dividends. But even then the company can partner with fiat conversion services on the backend if needed or perhaps change their plan.
The thought was there would be so many owners paying the dividends would be easier in ETH but there might be only a handful of investors when the smoke clears making other payments possible.
I get the feeling something is on track now. Mainly because Dan is so busy and he is in exactly the spots where work was scheduled to be easiest to start. Between that and the lack of stock out there are low levels I am getting the feeling that things are in the process of turning for us. This might take some time however.
Note all plus one referral links have changed and old ones do not work anymore and have not been working for like the last 4-5 days. For those still collecting I posted all the new links on the WSTI blog page WSTI blog
Crypto is taking a beating but remember ImpactPPA success does not depend on bitcoin etc.
I presume once this downswing in crypto is over plus1 will rise again, it has a wide bid/ask now.
Explaining why Dan's approach might make sense...
We still do not know if Dan raised money from investors or not. But if he does and if it is substantial, he can shuffle money over to WSTI in two ways
1- WSTI does the jobs plus keeps some profit
2- Licensing fees/partnership agreement.
At one time Dan was looking for almost 3 million just to do a licensing deal with a 3rd party so there is precedent for a large fee dump for all WSTI has provided (Access to technology, past sites, use of employees etc)
As that money comes to WSTI , he can then resolve the issues in WSTI without dilution of WSTI (which hurts him and us). I presume he is the largest shareholder.
So he has ImpactPPA and sells a gazillion tokens with some equity interest there in a new entity without WSTI issues but gets the money back over here without dilution.
I really think we are close, I get the feeling because Dan is busy, traveling and no one interested left saying "no" everything just seemed to take more time then we got stuck with the suspension.
IF we have work, paying jobs but not that much investment it will take longer but still might be possible and might involve some dilution. But given that our market cap is less than 500k we should still be good.
Well as the production arm for WSTI , ImpactPPA getting contracts helps our cause. IT might take some time for Dan to unravel the things that stand in the way but he benefits the same as we do when things get fixed.
It seems like everything is still there just delayed from what we thought would be happening in May/June. If anything the global climate change worries are even higher now and there are enough projects in the works to get rolling.
Investors have been contacted along the way for probably almost a year now. But as things get closer it makes it easier for Dan to raise money. Everyone wants to see work happening and things moving closer.
If he did land some money things could happen a bit quicker but we might not know right away as he moves to settle and clean up things.
Good sized from what I remember. Not as large as Haiti, but easier to get started. Also Guyana is going to go from one of the poorest nations in the Americas to one of the richest with the offshore oil find Exxon made. Luckily they are forward thinking and have a good Govt that can get things done. Guyana also has a lot of wind (northeast trade winds rated as "huge" wind potential)
As I mentioned Belize, Guyana and Suriname could be the starting point. Impact's Telegram also mentioned an Eco-resort in Columbia.
We might here more soon on these. Dan has been traveling everywhere. He was in Belize, then NY now he is in Guyana, after being in San fran not long ago.
I think the business is there, if he can sneak away enough money to get India finished that would help and I suspect he either closed or is close to closing an investor or two. If not the jobs starting will help for sure.
I fully understand the anger and frustration and negativity.
But as best we can tell things are still moving forward. I am pissed that I got busy and missed Dan in NYC, I checked the boards but not telegram and found out after he left.
This might take some time to play out one way or another for many reasons, but it is clear Dan is still trying to get things done. The interest level in the product, licensing of the smart meters and stuff is high. Even my contact was interested and called me out of the blue. The thing is one or two things happening will trigger the entire series of events we need to happen.
For example, the projects in the Caribbean could launch, getting enough to toss at India to finish up. This could bring enough to start fixing things. Couple that with any one or two of the investment scenarios that are still active and things start popping. All these things have been close for months. The only thing that happened is that back in May , Dan felt he would raise the money quickly, it took more time than expected but I sorta learned that would be the case in talking to people myself. I spent months laying groundwork with people before they fully understood stuff. Once they come up to speed it is a different story.
No one know for sure if we can pull out of this but Dan's interest are aligned with ours and he is certainly giving things his best effort.
If he gets some of this done he will be funded enough to take on some management help that can ensure these type of problems are minimized going forward.
All this yacking...
And no one mentions Dan was in NYC! Just found out when I checked telegram.
So I just checked with his associate Jeff and he flew back to Cali yesterday.
In any case, I updated the blog page and added the new faucets that sprung up since my last update . WSTI blog page
I have not checked in with Dan but the best info we have is that some jobs in the Caribbean should start soon (think Belize was one of them) and hopefully that could trigger enough to finish India and get that rolling.
If investors have been closed it might be some time as things are resolved but that would be excellent news obviously.
Id keep your eyes peeled for jobs starting on telegram or any news from India. Did anyone ever get the location of that last photo Venkat posted?
Good luck to everyone!
The least Clem and the plusone peeps could do is get us some decent size faucets during this low price situation. Otherwise they risk people really losing interest over the long term.
Crypto is in a bad place now and after todays SEC chair interview that broke after the US stock market closed things are looking pretty dodgy going forward.