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.
With the ability of toxic debt to be paid back it makes the toxic lenders look for other ways to make money. i think typonex knows how to do that. They are doing exactly what i outlined in a prior post if they are indeed holding on to 300 million shares . To be sure we are not sure of intentions or that they even kept that many shares but the next few months will be interesting.
So interesting news from India over the weekend regarding infrastucture spending and economic growth. However lower oil prices are of course a huge headwind for the company.
Facebook drying up, volume drying up..
Even some posts (comments) deleted! Or at least it appears the groveling from shareholders for news and talking about financials is gone.
I wonder if the billion 400k club is still kicking. No way for them to get out now.
The accounting firm mentioned by Kent seems to be legit. And Kent mentioned people contacted them (upset shareholders etc). I would think this is affecting their mindset when it comes do doing these financials.
The financials are weeks behind what Kent said would happen "in a few days"
The bid is now 1/3 of what it was just a few months ago. In my opinion this is going nowhere. In my opinion none of the announcements about ticker change, financials, contracts make any sense without confirmation and third party review.
It is interesting looking at the types of people that were commenting on the facebook page. While some posts are not there now, many remain.
Interesting uptick in volume.
This thing has been having very little volume for a while now then a big uptick. Still tiny dollars and doing nothing for the relief of toxic debt but interesting nonetheless.
We are within a few months of finding out a lot more info (or seeing the company fade into oblivion).
Financials, MDA, seeing what 4th qtr sales were and how India might be performing.
One of my friends who took a look at this for me (he does financing for penny stock companies and other crazy financing) stated that it was interesting that typonex increased their position. It is hard to know all the details but one thing I did not think of that he did was it was possible the toxic lenders seeing no path to getting paid back with lower volume could actually want to re-do the debt and hold the shares and ride the same bounce we would see. Longshot for sure but anything is possible.
In any case by the mid to later April we will know a lot more.
Good luck to everyone!
Both of these articles are a year old!
I think the gig was up yesterday at 1019am when this last traded?
No trading since (that I can see)
Not sure where the financials are but some people are posting asking for Ken to say anything on Facebook.
Hope their hero is still there for them.
Best of luck to everyone.
I called it. TRIP ZERO it is..
Game is over
Where are the financials?
I am talking about now, since the stock hit .0001.
Anyone that bought at .0001 has not be been a victim of the pump. And in my opinion the company was the biggest victim of the pump.
I for one appreciate the good back and forth on the board and your opinion on things even though we differ.
Sometimes though people get too wrapped up in what happened. What happened when the stock was many hundreds of times the current market cap.
Obviously a pump and dump hurts a lot of people and taints a stock. But the point is where are they now, what will it take to get out of it, and what is the potential (if any).
To me, it does not take a lot of money to get out of this. While some people think this is a matter of sales, I think it could come from and Indian investor or capital from a strategic investor but in either case , it is an operating company with sales growing 100% a year or more with lots of inventory , IP and two manufacturing plants and interest and orders from all over the world in an industry which has finally been growing and which would benefit from the Global warming pact.
Say you are someone with money. And you had 8 million. You could have a debt free company here for about that amount. If you bought 10% of the company before putting the money to take out the debt and the stock achieved only a 30 million dollar market cap being completely debt free, or 1/5 its pumped value as a company with lots of debt , less sales and an as of yet not far along India operation, you would make 3 million on your 10% alone (I use 10% because you would be an insider and reporting after that so that might limit what you can buy as price could increase etc)..
So for 5 million net, you have a company worth 30 million.
Technically you could even use less money just lend the company a normal note for 2-3 million to take out the toxic stuff then do an equity raise. There are other options but we are talking about 10 million or less in any case .
Take a solar city for example. 10-20 million for them is nothing. Or perhaps Alberta oilsands who has tens of million sitting in the bank looking for opportunities. There are people out there looking for companies and prior pump and dumps and dilution does not matter what matters is what they can get the company and assets for.
Getting back to the Financials... (catching up on the board here)
I stand by my numbers.
What I am looking at is how close the company is to even if someone is considering coming in and taking out the crazy debt situation.
Starting with about 1 million in losses you have these items.
246k which is stock based compensation
102k in non cash Depreciation
385k in Interest expense (some of which is non-cash conversions)
167k in amortized debt adjustments
An investor or a buyer can come in and this company would be close to cash flow even and profitability based on about 3-4 million a quarter in sales.
The 9 months was even more distorted by the inventory build in India as 450k in G&A Salaries which did not exist in prior years are included in expenses at the time when 2,000 or more units were built in India. Additionally an increase over over 900k in production and engineering salaries occurred in the 9 months. These items are EXPENSED with the major contract revenue not occurring until October (Argentina) and of course the sale of units from India.
Basically the company ramped up, closed a big sale after the quarter and built a crap load of inventory . All this for which these items are expensed in the financials already.
4th quarter "might" be decent but no one knows.
Constantly talking about pump and dumps, reverse splits and toxic debt really do not matter much at this point. There is no pump here. the stock bid is ZERO and ask is .0001 and will not go up without a workout or significant improvement.
It is great you avoided the prior pump. But most of the people still here did as well. This is a potential turnaround situation for which the risks have always been extremely high and as I stated from the beginning only suitable for a small high risk investment, very small.
We should know all there is to know in the coming few months.
Sorry , should read "near profitable on 3-4 million in SALES per quarter NOT debt.
(was able to edit post to correct)
Loss for the 3rd Qtr 2015 was only 682k of which 380k or so was that crazy interest expense.
Plus they floated the big project that did not close until October (4 qtr).
Someone comes in with a few million dollars and this interest goes away and they are near profitable on about 3-4 million a quarter in sales. They have 2 million in inventory paid for as of the end of Qtr3.
Also some of the liabilities are not even real they are derivative liabilities created by the dilution of the convertibles. So in essence once those go that other liability goes, you get almost 2 for 1 on dollars there in debt reduction.
Look, obviously this is a terrible situation. But to a certain extent I disagree on this being all managements fault. They took a company and grew it from ZERO sales to a steady growth of more than 100% per year in an industry that was absolutely pummeled back when they started. No insider sold stock, and despite being able to just walk away they have done everything possible to keep this thing floating.
I do not know of any zero bid stocks with this kind of revenue growth.
I also know some solar stocks that lost 50-60 million or more during those great recession years.
Whatever happens it will happen soon. We will have financials, some kind of update and or a bankruptcy or some deal with the Indian subsidiary.
Well we do know a few things...
The Argentina project was commissioned post 3rd quarter. That should be a good boost to 4th quarter sales.
India was ramping up and had about 2,000 completed units. Everything I read about India was positive, last article was from January.
As for sales, this is what we do know..
2011 - ZERO
2012 - 11,000
2013 - 896,000
2014 1,764,000
2015 4.5 million (my estimate) as 2.7 million reported through 9 months announced, Argentina deal done and India sales, minor US sales.
I have never seen a company not at least have a chance with sales growing exponentially like this. That said the continued dilution, which only recently seemed to slow down a bit has taken my best case price scenario down from .01 cents to about .006 cents. Representing a 40% decline in a few months.
We will know what we need to know in the next few months.
One major headwind is the continual decline in oil prices. However if that turns soon, and India remains strong it would not take a lot of money to get this company on a much better footing.
Stockhouse.com shows level 2 trades (free). Shows all trades. Even when we get fat finger trades they show up then when corrected are still there but have a line through them.
go to that site and type wsti in box, when you see the tabs hit level 2
I have TD Ameritrade account, is thinkorswim free for TD customers or do you have to have a certain amount of trading activity or money in the account to use it? Where do I find it on the Ameritrade site?
Time & Sales
Price Size Mkt Time
$0.0001 13,298,754 OTO 10:13:56
$0.0001 4,801,246 OTO 09:34:56
$0.0001 18,100,000 OTO 09:34:00
$0.0001 2,000,000 OTO 09:33:58
Who is Southridge? and what did they do in those other tickers? how is it related to WSTI?
Good discussion, regarding the reverse split...
It is something that these tickers do, but I think it would not work in this case. Perhaps they will do it anyone. The reason I say it wont work is that no one will buy this stock if it can go down. The only reason people are buying it is because it is a binary play at .0001. Either it goes out f business or survives, fixes things and goes up. Everyone knows it will go down post reverse split and there will be no buyers. This will not allow Bates to continue even the small cash flow provided to service the toxic debt through share sales. So hence I do not think it will be happening.
well, yes, bankruptcy is high up on the list of possibilities , yet we all knew that all along.
debt will not be converted at rates good enough to pay it off before failure.
But the company has sales, products, factories and has shown a good chain of growing sales. It has value. There are lots of companies with money looking for opportunities. And a large shareholder in one such company did contact me back.
Like I said, success or failure should be known by the end of April. Lack of volume slows dilution and pushes the issue a bit quicker.
Unlike others here, I do not think a 2.5 million dollar toxic debt problem is something that cannot have a workout . It is not that much money. But there are other issues like the credit line etc. But pushing 1/2 the job cost to the front (which they are doing, getting paid 1/2 or so up front and perhaps some homeland security orders of a large magnitude could help (mobilemill supposedly in production now).
Not much hope but also not much has changed. It all lies on whether someone wants to invest to own this company for the long haul. On that note the weak oil prices is probably the biggest headwind
Catching up here.
Read through the last few dozen posts. A reverse split might come at some point but does nothing to help the chances of the company and DOES NOT change the market cap.
The slow down in investments (buys by .0001 buyers allowing toxic debt holders to convert) is NOT a bad thing, as it basically slows down the dilution.
The only way Windstream can succeed is by combining strong sales growth with a strategic partner willing to take out the toxic debt at a minimum.
With a current market cap of somewhere around 300k , it is not impossible for someone looking to be in this sector to either buy the company or come in and re-work these debts.
It has been a long shot from day one but the lack of conversions will push the issue and we should know what the deal is before April 30th or so.
Reverse splits wont do a thing. Conversions and "dollar days" will never work, the more they happen the worse the picture gets seeing that the amount will always be so small.
Example of what might work. Say Fife owns 300,000,000 shares. He has a connection with capital. Capital comes in pays toxic debt and other liabilities down for another big chunk of the company. Problem solved, stock goes to .01. Fife makes 3 million, new investors have clean company for chump change.
Yep, down 66% since the the initial bump months ago!
Sounds like all those contracts and fake accounts here on the board are working wonders! Everyone is making a ton of money yet the stock is down and despite people accumulating 1.4 billion shares (or so they say) it keeps going down!
Seems like the egg is coming your way better duck now..
Going lower than that IMO
Looks like the party has been over since the initial bounce months ago.
Stock 50% of those levels after a ton of "contract" announcements the war of the worlds with Finra, facebook posts about butts on copiers etc.
Even the facebook page is dead these days.
I hope those big "whale" holders have been selling or they are going to get trounced in my opinion
Just go by the stock price.
Jumped to bid .0006 now half that three months later. Billions in volume, tons of "whale" buyes supposedly holding 1.4 billion -2 billion shares yet the price keeps going down ,even after all these contracts.
Just let the market price tell you the story
Some info on the head of Typonex that owns 300 plus million shares
John Fife, Managing Partner, 50, founded Chicago Venture Partners as the principal investor and Managing Partner in 1998. A lifetime entrepreneur, John has founded and successfully managed several small businesses. Prior to founding CVP, he was an Assistant Vice President at Continental Illinois Venture Corporation (CIVC), a leveraged buyout subsidiary of Continental Illinois bank, where he played a key role in the identification, evaluation and monitoring of control investments in four portfolio companies. These four companies were subsequently sold for proceeds representing an IRR of 35%. John served as CIVC’s representative on the board of directors of each of the four companies. After leaving CIVC, John made personal investments in at least 17 privately held companies. Prior to attending graduate school, John was a consultant at Oracle Corporation for three years. John serves on the boards of directors of six technology companies and one retail concern. John received a MBA from the Harvard Graduate School of Business and dual undergraduate degree in statistics and computer science from Brigham Young University.
I agree, fat finger trade. I saw one about a month ago. It gets crossed out and redone. I think it has already been fixed on the trade list.
The MobileMill which is the project for emergency response was slated to go into production in the 4th quarter of 2015. These would be expensive and sold to Homeland security and State Govts. Just a few weeks ago the video for the Mobilemill was posted by some energy magazine to youtube again but it has been around a while.
These could add high dollars to sales if they get rolling and could benefit from the end of the sequester for defense funds. It is a decent looking product as you can tell from the video.
All the potential is gone if they cannot re-do the balance sheet.
They have a matter of months in my opinion. 2-4 months at best before it becomes an unfixable situation with almost no potential even if everything goes right.
Things now are not without hope, but soon that might not be the case.
Good point. We will know more when the next financials come out but I believe the production cost is way lower in India than in the US (judging by inventory value) and thus the price will probably be lower in India. But the thoughts there is that the Indian govt is going to spend a lot of money bringing electricity to their population. It has been in their news. There are some that will afford it, and businesses and train station pilots being done but residential might be a major project of the Govt.
Good post and thanks for the work you did.
Also good posts by others after you.
Since we all agree the toxic debt will probably never go away in a reasonable period of time the decline in share issuance is actually a plus. It does not materially impact the situation and just creates more shares.
The only answer is taking the toxic debt out. At which point the only people with shares are the ones that bought at .0001 or higher. That is the only answer and we only have a few months say til April or May.
I think financials are due late March or early April. We should hear something before then but that is the next deadline I believe.
The stock cannot move up without a resolution to convertible debt on the balance sheet. No amount of news or pumping can push it up .
However if they get some capital, take out the convertibles it can move and in my opinion significantly. There is still interest in this company just a never ending supply of shares.
Is FB posting in this fashion even legal and within securities laws? I know general info is, but specifics? I thought they had to be publicly released via a wire service but I am not sure?
In any case I cannot figure out why hardly anyone is realizing that since the initial announcement and pop up in sept/oct the stock has traded billion of shares and yet the price has fallen 50%.
To blame "flippers" is also completely wrong. But flippers need to make money to flip right? So net overall the price has still dropped.
Then we have statements like a new reincorporation strategy that does not hurt shareholders ... huh? explain how that works.
I will give you one prediction. The new quarter will be released and if the accountants are doing them and they seem like a good legit firm everyone will be talking about how it is "too early" to see all those millions in revenue people predicted and will say 'just wait its coming"
Good information. I looked at the reference on the financials. I do not think warrants convert based on dilution. I think warrants can be repriced based on board action but that would have to be released. What makes it confusing is the "formula" mentioned in notes. But the fact that no material warrants were exercised as the price fell leads me to believe they are all out of the money and not repriced. We should know for sure on this issue next 10Q if they get that far
I agree, if converted stock was all sold then only the current batch converted and waiting to be sold would be counted towards the 10% ownership rules. While this stock might still be sold (ie they might have wanted to have the the stock ready to eat into the higher volume all at once) as of the date of the filing he had that many shares. Anything on their investment success/failure in the past?
RE the 13G and Typonex and O/S stock
Someone asked me if the 13G was somehow settling the debt, I do not read it that way. Typonex had 30 million shares back in October when the stock outstanding was 300 million, so a 13G was filed. This filing is an update showing they now own almost 10% again of he new outstanding stock somewhere around 3 billion. I would presume they have purchased 260 some odd million shares from Oct until now, I do not think this has anything to do with the existing toxic debt . Also not sure where the 4x multiplier you are coming up with to get to 1.2 billion came from? Let me know where you are seeing that? You are referring to the 13G right? I did not see another filing.
Also these are not "new shares" as best I can tell but purchases. IF they were new shares we would have had a release
Of course it is high risk, but so is the lottery and yet people buy hundreds of millions of dollars in tickets.
It is a potential turn around situation and all such situations are high risk. Even though some other stocks have done really well they would not be ones I would have even taken a lottery ticket chance at. no product or hardly any sales etc.
Heck i am not the one buying huge amounts of stock in this but someone is buying a lot.
My posts here are pretty straightforward, if the convertible can be taken out this can be a huge win. There is no benefit to anyone "pumping" the stock because it can go nowhere right now. No matter how much buying comes in the selling of the converted shares will dwarf it.
So I gain no benefit by mentioning the potential here, just analyzing it from a financial point of view vs other companies.
While I only play with small dollars compared to many, many of the things I do benefit me in other ways. I re-connected with a friend/client to talk about this company and he gave me a bunch of accounting business for his entities which is 10x or more what I invested here.
A number of years ago I was researching bitcoin and while everyone pointed to failure and high risk, that small amount of money yielded a 400% return. I also made 40% on the more recent purchases. Closed out 90% of the position and still hold 10% and dollar cost averaging in waiting for the halving of new supply coming in the summer. Again not big dollars.
The magazines I purchased years ago when reading up on Bitcoin became collectors items and I sold them for 5-10x what I paid for them. Issue 1 of Bitcoin magazine now sells for over 100 bucks on ebay.
I actually have one friend, a major contractor in my area that wants to distribute/install these and a co-worker CPA that wants one or a few installed.
While I am positive that there is some value here that can be unlocked it is important to keep in mind that a promotion in the sense that you are thinking will not work in this case, at least not yet. As others have pointed out the amount of shares that can be converted is too high that is why no one can pump this stock until the balance sheet is fixed.In other words, you cannot push the price up at this point with good news or promos.
However once that convertible debt is taken out the supply of stock at .0001 nearly goes away and such a promotion would rocket this stock. It could be someone senses this is close, or perhaps there is a plan in place.
The way companies shrink outstanding without reverse splits has been very creative in other stocks but it is premature to think that a paid promotion would do anything other than allow those convertible holders to balloon the o/s stock at this point.
The big point I try to make is a company with year over year growing sales for 3-4 years , selling 4.5 million perhaps in 2015 with the possibility of much higher sales should be worth a 3 million dollar balance sheet fix or a 10 million dollar equity deal. Ideally a debt free company with a credit line and some working capital would be best.
If this product works it could easily be added to the solarcity product line or picked up by another company especially since solar is not optimal alone in so many situations. Plus the footprint of the combined device is smaller.
In terms of some positives..
1- Import/export bank was re-funded by the US congress as part of the infrastructure bill that just passed. This bank guarantees the WSTI credit line and had been without funding for a while.
2- The global climate pact signed by almost 200 countries should boost demand for such devices in developing countries.
3- The US budget that passed ended the Sequester and restored 80 billion to the defense budget. The company produces , or was planning on starting to produce in Q4 2015 the mobile mill for emergency situations (see video on youtube), This is a product that many parties had been interested in in the homeland security/crisis management area.
Some negatives
1- Lower fuel prices makes cost comparisons difficult for solar/wind and payback periods for projects longer. However oil is up a bit in the last week and might be a bit firmer with the announcement of Russia looking to cut production as well as OPEC having a meeting.
2- The passage of time allows the o/s to balloon up. It would seem to me , as I have stated before, it would be best if something happens in the next few months before the o/s gets too high to fix. In my rough calculations each billion shares decreases the potential return from .0001 level about 25-30%.
As I have stated from the beginning this is a long shot hail mary play not suitable for big money only as a lottery ticket play with small money that is high risk capital.
It would be nice to see this turnaround though, as I feel it was victimized by outsiders in that pump and dump in which management sold no shares.
I do not think you look hard enough. Tons of stocks move significantly off the ones, even with toxic debt and double the dilution. This is a 3 million dollar problem that needs to be fixed to get a 30 million valuation. I already put multiple people in touch with the situation including a company with 30 million looking for a new business, and people who do refi- outs with equity. So far nothing but everyone see the situation clearly here.
In one case I am following they decreased shares by 3-4 billion already and the stock was an 8 bagger, settled into 3-4 bagger but even with a crazy CEO that says he is going to photo copy his butt on the copier so non-believers can see it as he moves forward I bet it will go up. Same stock went up from .0001 to 6 cents.
These stocks are all pieces of carp, we all know that but when you take out the pump risk (they risk you are paying too much because someone pumped the stock) and you take out the market risk (you already assume its a longshot but it doesnt go down as the stock market goes down). You are left with a binary survive or die option.
In this case , the best one I have seen. Most of these stocks have little to no sales or even no products.
Like I stated only suitable for a small amount of high risk money, but I know a few people all they buy is no bid stocks and they do pretty well.
What i would like to see here is some insider buying. Management got diluted out of whatever real value they had, why not pick up 10 million or 100 million shares each and add to their positions or more.
Something might be happening but who knows..
Maybe typonex figured out what I did, that if you own enough of those .0001 shares and get the financing in to take out the convertibles this stock could easily get to .01 which would be about a 30 million valuation about 1/5th of its prior valuation back when sales were much lower. That was also before India came online and so on.
It is almost a no brainer. I already heard back from an investor in a company in Canada that just got paid out 30 million or so for tarsands property . They are sitting with cash and looking to put it to work, they actually pay people to "find" opportunities for them so I decided to post my thoughts on a Windstream deal. They could dividend out half the money to shareholders, get a majority interest in windstream , pay off all the debt and still have 5 million extra in working capital and all their other assets. At least the person that emailed me loved the idea.
I also spoke with a guy that does penny stock financing of the type that we see here only a bit different. They are looking into it.
This is a real company with real sales and production facilities with growing sales , a decent product and in the right field and right countries for growth and with a shot in the arm could clearly create value for people.
The problem they have is not as big as some make it out to be.
this is a tough one because people are assuming things with these contracts . If they just stop with the overstated revenue estimates (the posters here), it is possible that just with even very modest revenues, no debt and reduction in shares a good result can be achieved.
I think the grandiose expectations are going to make things worse in the long run.
Even Zenefits with 10,000 customers only has 20 million in revenue.
But this does not mean that a big share reduction combined with 500k in revenues will not make this move higher.
Totally missed the volume day and I usually keep on top of this. That was the highest volume since the .0001 days started.
We should know more in the next 3 months or so, probably a bit sooner.
Again my math is that this once had a market cap of 160 million on the mere promise of what this company could do. That was when sales were 1/4 what they are now and before the plant in India. Assuming 3.2 billion shares to get a 1 penny all you need is a 32 million dollar market cap.
I was trying to do the math on an interesting deal. You could probably pick up 9% of the company (staying below 10%) refi out the deal and make enough in the move up to back up your debt. The numbers are just crazy here
Less than 3 million cleans out the toxic
9 million cleans all the debt, or 5 million and a decent expanded credit line
Resulting value increase from 300k to 30 million is worth it, and that is not assuming any growth or major new contracts.
There are a lot worse places for a company to come in and create value.
I have not bought more since i last added a bit but am coming into my busy season and might try to kick some stupid spending to the curb and put small dollars in to build just in case.
I guess you have not figured out the most important thing..
Since the run 3 or so months ago you have had
-Amazing new profitable contracts
-Amazing posts of how well things are going with some estimates of revenue of 200 million
-Tons of big 'whale' buyers
-Billions? of shares traded
-Eddie eliminated
-billion of shares cancelled
Yet for some reason the stock is still 40-50% below where it was then.
What does that tell you? Have you figured it out yet?