Some very good posts lately. Oddly, if this keeps up we will be on the HOT board at the top ;) LOL
Just to get to a few things... as best I can..
Sometimes people post about Dan and crew "spending their money" or "living large traveling" or whatever. WSTI money was raised and spent years ago. No one recently purchasing stock over the last 3-4 years has funded anything for WSTI or Dan and crew. The company was broke years ago. You just bought stock and sold stock to other people, not from the company.
Money that came in came for ImpactPPA as can be found online in their REG statement. They initially raised 1 million I believe and probably some more since then.
As for people working with Dan and Dan himself. It is really easy to be critical. Nothing people say is really "out there" and I get it. But the dude has no money and kept trying. People around him also work hard and give it their all.
My perspective might be different. I got in here late in 2015. The stock was current with financials at that time. I made a SMALL investment commensurate with the high risk because the market cap had imploded from 160 million to 220k (at the time) and the company had just reported 4 straight years of sales growth and just ran out of money and the convertibles killed it.
The stock remained dead until about May 25th of 2018, I remember that day because it was my dads funeral services. The attempt by Dan to have ImpactPPA get funded as a way to get the money he could never raise for WSTI was the first real news we had.
Then it seemed like project interest was building. Dan felt he could easily raise the needed money. Other companies 6 months earlier raised millions this way before Crypto collapsed.
As best I can tell no one stopped trying. But this was never a stock to throw huge sums of money at.
Unlike most nearly dead stocks, this one once had a business with million in sales, has products, has potential jobs and has people trying to get stuff done.
It is precisely because it is so screwed up that it offered some kind of opportunity if things turn around and it is not that huge a sum that is needed.
I have had enough talks with Dan to know that he has tried numerous different things, met with dozens or more people and keeps at it.
He might not be the best manager, but who looks great when they have no money. Tons of solar companies went belly up since the last recession helped along by the drop in gas/oil prices.
One last thing. Obviously being current and having good communication is important. But when you are doing a workout of a tough situation that does not mean publicly announcing how much money you have to settle things with or even making big announcements until things are in order. There are loans, a court case, and other things to resolve. In my opinion none of these things are impossible to resolve over time.
Yeah, we were hoping for India and the ribbon cutting and being off to the races. IT sucks to be here now but that is the info we had at the time.
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
