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Probably all three. We already know they want to rebrand. So that, coupled with inability to commercialize, could be an acknowledgement that the technology has no value, despite the fact that it works under lab conditions.
I seriously doubt 85 million shares suddenly moved after weeks and weeks of alleged stagnation in the OS. The sudden change more likely reflects a lack of reporting anything once they got to 416 million.
Considering the number of much higher volume days we had back then, I was skeptical about the accuracy of that number once it stopped rising.
I don’t think it’s any coincidence that they only reported it maxed out once they announced the RS vote, and I doubt it had anything to do with sudden interest in shares. I’d bet heavily that they continued to trickle out to further enrich noteholders at the same rate they had gone out up to 416 million. That monthly bill never stopped coming, after all, and they sure as hell had no other way to deliver the pound of flesh all that debt demands every month.
Exactly. The math does not bullshit. And it trumps any other baseless fantastical BS being floated here.
Besides, the post-split price has no real meaning going forward from the split because they need to increase the share count (dilute shareholders) enough after the split to be able to raise $18 million to pay off noteholders, plus whatever extra cash they need to (allegedly) reassemble their test plant.
$18 million at .40 per share is 45 million shares. That’s at .40, which will never ever hold after dilution. So the final count will be much higher.
Considering the immediate post-split AS will be 5 million, it should be easy to see the devastating magnitude of devaluation that’s coming.
Makes no sense to me to do anything other than cut losses now. Even if you believe there’s some kind of miracle waiting on the other side of the split — I sure don’t — you’re better off taking what you can get for your shares now, and buying back after the dust settles.
But to each her/his own.
That’s an interesting — and not implausible — scenario. It’s certainly way more likely than the unicorns and fairy dust fantasy JamesE is trying to con people with.
But I think even a cursory glance at the history and record of Tacho M. Sandoval indicates strongly that his primary interest in this company is/was the vig on loans to the company with ridiculously draconian/profitable-to-him terms.
#BetterNotCallDsaul
You have got to be kidding. WNP is not building anything. Only the most gullible -- or dishonest agenda-peddler -- would still push that notion.
WNP is still loaning money because that's how they've gotten rich the last five years. Read the quarterly financials. They've been repaid handsomely, perhaps even usuriously, for all the money they've loaned so far. And every cent has contributed to the severe devaluation of honest retail shareholders.
WNP is a bill-collector. Nothing more. That's why it's so shadowy. It's got nothing to do with NDAs. It's very shady people hiding behind lax business laws in Wyoming so they can remain anonymous while sucking the last bit of life out of this company.
And to be very clear for the thin-skinned and frivolously litigious: no one could possible know for sure what WNP is all about, except for the slimy people on the inside. So all that the rest of us have is some very clear dots that are not hard to speculatively connect after all this time.
What's much more likely, based on considerable evidence, is that June 18 is when debt comes due. You know, debt. Money owed. It's right there in the announcement about a new vote that the first priority is paying off $18 million owed to noteholders. It's also right there is unusually plain English for these clowns, that they have no pending business to announce.
It's over. All people have to do is the math. Numbers don't lie. Dilution will have to be massive, and there's nothing coming behind it to offset the massive losses that shareholders will suffer.
Vote no or abstain. Don't let management use you to line their pockets and the pockets of noteholders.
No surprise that a staunch and tireless defender of Nacho and the other noteholders, who just so happened to join this board at the same time Tacho M. Sandoval’s piker posse rode into town, is urging a yes vote.
Probably just another coincidence involving Sandoval. Not unlike the amazing coincidences of October 2018 that caused a short-term PPS spike, right?
Retail shareholders still holding will get screwed regardless. All a yes vote does is further enrich some scumbags who have been lying to honest reets since 2017.
All the same BS being slung now is the same BS that was slung before the last split. We all know how that turned out.
But just in case, the pre-split equivalent of the current PPS is .00012. That’s 12 10,000ths of a penny, which sums up perfectly the miserable, non-progressing, debt-ridden rotted POS this company is.
All these years, all the splits, all the endless, repeated BS hype, and the company has made zero meaningful progress toward commercialization.
It is laughable — and disgustingly shameless — that they even had the gall to dangle uplisting as a possibility again to sell the split.
Give them the finger. Vote no or abstain. Whatever assets the company has appear to be quite worthless anyway.
Yes. They still need 50 percent. So this could easily be the last gasp.
Also well worth noting is the statement about needing to do the split to pay $18 million to noteholders, first and foremost. After the split, there will be 5,000,000 shares. At the current price, which will not hold once the selling starts, it would require 45 million shares at the split price just to clear that debt.
So that's 900 percent dilution right out of the gate, which would drag the price from .40 per share to subpenny again. And that's before the rest of the cash needed to do whatever other BS restructuring they're hyping. So look for dilution to be even bigger than 900 percent.
It's going to take some serious news, which they admit they do NOT have, to offset the dilution that's coming. ("The Company does not presently have any letters of intent or agreements in place respecting any acquisitions or offferings.") So tell me, anyone who still thinks there's a way to come out ahead by holding, what scenario you think is plausible to make this happen, because I sure don't see one.
This looks to me like one last money-grab at the expense of reets. Voting no is the merciful thing to do. It's also the only possible way to stick it to noteholders. Time to let this POS die.
“As the required number of votes in favor of the reverse split approval were not obtained in connection with the Annual Meeting, the Company has determined to hold a special meeting whereby stockholders can vote on the new reverse split proposal.
“THERE IS NO GUARANTEE THAT EVEN IF THE REVERSE STOCK SPLIT IS APPROVED, THAT THE COMPANY WILL BE ABLE TO CONTINUE TO OPERATE as a going concern. Management is expecting to implement the reverse stock split, if approved, on or before June 18, 2022.”
“Wait and see what happens” is the pathetically sad song of this decades-long journey of futility and deception.
You’ve been neck-deep in this shit for longer than anyone. There was even a time you made it deeper. Aaah, the good old days!
What have you seen after all that waiting besides multiple splits, countless vaporized “deals” and broken promises, and unending hype and dishonesty served up by a slimy cast of scoundrels and outright scumbags playing the roles of execs and insiders?
What part of any of that makes you think waiting longer will change anything other than the magnitude of losses for anyone who waits?
And truly, until we know that Tacho M. Sandoval is no longer involved with this company, anyone who thinks retail shareholders can still benefit by holding is seriously deluded, in my well-observed opinion.
As has been posted here countless times over the years, just because the technology works in the lab does not give it value in the marketplace. Nobody will pay for something that’s too expensive to implement.
It’s the same old sad song — the technology works, it is simply not commercially viable.
This sorry situation is hardly the fault of the university. What about all the delays and missed timelines management has hyped over the years? What about all the management lies besides the one they told you?
Remember “financed through commercialization”? What a knee-slapper that turned out to be.
Wrong. It’s over.
Total nonsense. But thanks for the pump.
Strange (not strange) we don’t see Coal Duster and JamesE in these parts anymore.
Probably related, does anyone know if Nacho is still involved with this lame excuse for a company? Or is his “work” done here, too?
It can definitely be worse for folks still holding out hope for a happy ending. Probably will be, too.
Awesome! I knew Mongolia was going to be a game-changer just like they said.
Right after we get the long-promised financing news, and the longer-promised DoE test results.
Yes! Perhaps even imminently.
How’s it feel now?
Either that, or mushrooms are in season in his neighborhood.
“Buy um Cheep Lose a smaller amount.....”
Very funny and accurate assessment.
Yep. Came on board in 2017 in time to assist the hype that was prevalent at the time. Probably just a coincidence.
Yep. A 100-1 split would bump us right to 49 cents a share. Woohoo!!!
The short answer is that was the going rate. The longer answer very likely involves knowing who was involved in WNP.
Then I suspect we’d find out about shady insider self-dealing, just like we probably would have with Ventrillion before it.
I’d bet heavily that WNP was set up only as a shadowy collection entity, to profit from the dilution of honest retail shareholders.
Correct. The door was also never closed on Ventrillion, Jindal, Good Coal LTD, or Wyoming New Power either. So just like the much hyped non-partnership with ECED, these are all surely set to make shareholders fabulously rich any day now.
Yeah, it looks so awesome aside the concrete pad that’s been all but abandoned since it was installed with great fanfare so many years and broken promises ago.
Exactly. And not a sign of progress, or a hint of news from the company since then.
If you have to dig 12 layers deep on someone else’s website for speculative news about this company, I’d say the bottom of the hope barrel is being scraped.
And remember, CCTI was not “approached” out of the blue by SER. When DoE tests failed to land CCTI with a grant five years ago, the company was awarded the consolation prize of more research.
Hardly a ringing endorsement, especially with the kiln sitting idle, the pilot plant still unassembled, and the company mum about anything except a reverse split.
We will never hear from or of WNP again. It’s pretty clear by now that there was never any constructive substance there to begin with — as I first speculated years ago.
Smart money is on another deadline extension. I suspect we’ll see the K around the same time we hear details of the upcoming reverse split.
Then there’s the minor detail of Christopherson having zero interest in hosting CCTI as a tenant as early as 2017.
SER only came calling after CCTI failed to wow anyone during the DoE tests. More research was the consolation prize.
If that research had turned up anything $ub$tantial, there would’ve been an SEC filing.
The test-result lie was among management’s biggest acts of deceit. It was also a cornerstone of the piker posse’s dishonest hype, as they greased the skids for the recent five-year round of shareholder fleecing.
All available evidence screams this is correct.
“Funded through commercialization” was also hyped in tandem with “all debt being cleared,” which turned out to be little more than Nearly doing some accounting sleight of hand to improve the short-term balance sheet without actually reducing debt.
It was all part of the reason that Nacho was dishonestly hyped here as “a company savior” by some seriously crooked operators.
“Funded through commercialization” was the pumper mantra for at least a year back then. It only stopped when it became quickly obviously that expenses were still piling up and the company started talking about the need to find funding again.
Of course, they did it without acknowledging all the previous BS hype about being “funded through commercialization”.