Good Morning RSH,
India (last we knew WSTI owned 55%)
From the last WSTI report filed here is the India info
"In October 2014, the Company entered into an agreement with unrelated third parties, whereby in exchange for $2 million, these investors would receive 8,184
shares of stock in WET, or a 45% interest of WET. These are in addition to the 10,000 shares owned by the Company, and the Company retained a 55% ownership
in WET, making it a majority-owned subsidiary. The Company also has three of the five board seats on the board of directors of WET.
In November and December 2014, WET leased office space, approximately 9,500 square feet, and manufacturing space, approximately 50,000 square feet, in India
in connection with expanding its operations. The office space lease is a month-to-month lease with annual rent of approximately $24,000. The office space was
occupied in December 2014. The manufacturing facility lease is a six-year lease with annual rent of approximately $120,000. The manufacturing space lease
commenced on April 1, 2015 when WET occupied the space.
As of September 30, 2015, approximately $1,259,000 of the $2 million purchase price of the WET stock had been funded by the third party investors."
So WSTI owned at the time 55% ...
Indiana
My understanding is that WSTI worked licensing agreements with people all over the world, but I think Indiana is the only one actually making products. Licensing agreements are not unusual If I recall they were trying to get a way to get all those people back to work in Indiana . With licensing agreements WSTI would usually get a licensing fee and perhaps a royalty or percentage of sales etc, but we should ask these questions etc.
Orders
Again we should ask in person but order flow seems to be going through India where the company can and does produce these much cheaper than in the US. Under the IMPACTPPA stuff, Impact is like a facilitator for project financing. For the deals it does, it funds the deals or arranges the money flow, equipment is purchased from WSTI and for instance in the big India deal Sarang services is the local tech support people. Dan Bates answered my question on this directly in the Telegram. It was actually the first question I had I believe was how was that flow going.
Yes there are questions , and as always this is high risk and has always been .
But , since a few years back Indiana is now producing items, India has contracts, the CEO is all over the world and with a little luck this can succeed.
How this moves forward is the big thing we are waiting from Bates on . But the move in the stock from almost no value to still little value has been on the fact that it now has a way forward.
I agree on getting some answers. I have not had one question refused when I asked. I think we should find out more as soon as we can and will see if I can get more answers.
No stock has everything buttoned down , especially pennies, but I think we agree that few stocks selling this low have this much potential. Most are not on the world stage with CEOs speaking at the UN with workable ideas and sales etc..