It's all a scam. Widner created another company (Blockchainenergy, Inc) for the manufacture of his supposed product and only "sold" IHSI the right (non-exclusive) to install, etc. (We still haven't seen the terms of any such agreement.)
I seriously doubt the product even exists. The patent has expired due to non-payment of maintenance fees:
Besides that, there is the federal tax lien, the litigation with TCA, the apparent fail of the deal for Cresent Construction, the toxic debt...
They did a similar pump with Suncloak Lighting a ways back. That was supposed to get them into the marijuana growlight business.
Well, at least they would have had the fertilizer for that.
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.