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Re: 44dan post# 25287

Saturday, 02/23/2019 8:07:48 AM

Saturday, February 23, 2019 8:07:48 AM

Post# of 26233
Just my opinion but I argued against any private structuring when having conversations about potential restructuring options.

The reason is a potential investor and the company would benefit much more from a repaired public company whose market value would rise allowing for warrants and additional capital raise along the way. And I believe it is faster and has less risk than hoping the capital markets will be around as strong a year or two from now.

The value is in the undervalue, not necessarily in a bunch of projects and jobs that have not started yet.

A deal which funds IMPACT and allocates enough of the purchase price to WSTI to clean up the issues would allow the potential buyer to own of chunk of WSTI which would then rise in value and attract capital because the price is rising.

I went over an example where as part of such a deal, say the buyer was issued 4 billion shares, and just to make the example easy we will say there is 4 billion shares already outstanding. That would dilute us 50%.
Buyer with 10-15 million, 5 million to WSTI

So the money comes in, filings get current etc, debts resolved. Shareholders can be issued warrants etc.

We know just the whisper of a stock turning around and possibly being back on track sent this to 28 ticks. If financials were current and debts resolved it would achieve a much better market cap than the current levels.

Even if given the dilution that makes it only 1/2 a cent instead of the 1 to 3 cents we felt it could go to that is still a market cap of 40 million (based on 8 billion shares) of which the new owner would own approx 50% or $20 million worth

That is way more than their WSTI side investment and probably more than their total investment in the two companies.

IF everything went private a lot would depend on how things go for years. Whether capital markets stay good, how oil prices do, whether technology advances keep us in the loop or outdate us etc. Success is possible of course but I think it is a much longer and uncertain road.

I think we have a few months here, not much longer. You cannot operate on fumes forever and either something happens from one of the many contacts Dan has made or it doesn't.

Luckily I did not find this until after it blew down to .0001 prior back in late 2015 when I first got in. Even so It has always been high risk and suitable only for small money. We got a lift in 2018 from the news that money might be raised and work might be happening , especially since there was no news for years. When I invested in 2015 the company was actually current with financials and had shown steady sales growth for 4 years and just finished our best 9 months in the company history. We just ran out of money and the money raise did not happen as planned. But a lot of effort has been put in and I hope it bears fruit for everyone involved.








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

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