Well when we first heard and had only the one picture of the pretty lady standing in for the CEO it seemed like a distinct possibility.
Not many companies can from tons of debt and sub-penny to NYSE in a year.Then if you take that small group and figure out that the workout firms might work with 20-30 companies some of which I eliminated by looking them over and others of which they only recently started working with, it really seemed like a possibility.
However that second photo I found on Jasmine's linked in might show the clients, it even says "walk the floor of the nyse with clients" or something like that. The darkish skinned guy in the middle holding the gavel is probably the CEO. I even went so far as to blow up the picture to see if I could read his name on the security badge but no luck.
I am really familiar with the rules for listing and about what they would have to do . It is possible but not likely In my opinion. It also might not be what we want.
There are only a few ways this would be beneficial to us and some are eliminated by the very fact that whatever deal is going to happen is already doing a dry run so it must be happening pretty soon, maybe even this coming week.
The stock probably sold down on the speculation. I noticed OTCworkouts deleted their tweet reply or rather the attorney deleted then reposted the tweet without the reply so that left me curious.
For WSTI to do this , we would have to reverse 1 for 3636 and issue 30-40 million dollars in new capital to meet the shareholders equity requirement of listing and min share price. The reason is WSTI had accumulated losses of approx 30 million before going dark, even if they were breakeven since then that gap has to be filled.
If that happened then there were be about 1,155,115 shares left from the original shares OS now, and about 10 million new shares at 4.00. So you essentially come to NYSE with a market cap of about 45-50 million.
So essentially we miss the run from 5-6 million to 45-50 million but participate in the rise to FMV of perhaps 160 million (to get to prior market cap high) or 300-400 million or even higher. But on NYSE would be a much slower move. If they price low range like I posted. There is no reason why it cant move well and achieve over a longer time horizon huge valuations.For example a billion dollar market cap would be about a 20 bagger from here or 2 cents a share.
There is a way this all can be done without new stock with just us, that would be if Bates raised money in preferred stock that was later convertible into common. That would eliminate the dilutive effect of a capital raise and solve the shareholder equity requirement. We would in essence wind up being the most successful NYSE direct listing in the history of the NYSE that way. Essentially shareholders would be in the same position, only with less shares, higher share price and participate 100%. So a move from 6 million in market cap to 180 million in market cap would be a 30 bagger , instead of a 3-4 bagger like in example A. Plus the kicker would be the company would be fully funded with tons of cash and have an even better potential than what we thought. But people with 40 million probably wouldnt want a convertible preferred to hatch at higher levels. So chances of that are slim but possible.
The much better idea would have been for the company to have acquired the cheap stock reverse then issued the shares.
I really do not think the company is us, but with a dry run happening we should know 100% for sure this week. To me , for short term gain potential it is better for it not to be us.
In other developments it appears Impact is getting more interest in financing deals which would really help the case of WSTI in my opinion. Dan has reached out to some people that have been in contact with him to spread the word to bring the ImpactPPA message to a groundswell of support. Ill post about this shortly. Doing some research now.
We might have a hand in making our own piles of money here by helping out.
Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at
