Vincent you have been posting some good questions and issues you legitimately have so I wanted to take some time to explain a few things to you as some of the stuff you are hitting on with your worries here is exactly the same reason some of us who have been here for so long see so much opportunity here, but you are missing part of the picture..
Windstream was plugging along (see DD at top of board -sticky post), with growing sales every year and then literally started to explode with sales opportunities in 2014, 2015. The info I outlined above in the DD shows the sales growth.
As all these huge contracts came around the company struggled with financing. The recession had hit and solar only companies got decimated when oil and gas prices collapsed. Windstream was doing better with getting orders but there was no financing out there and also the import/export bank stopped getting funded. What this bank did was provide financing against purchase orders for US companies doing business in other countries.
So if you get a 2 million dollar order you can get financing to do the job until you got paid etc.
See an article on the Import/Export bank here
Import Export bank
As the company reported its best sales in history in the 3rd quarter of 2015 it eventually went dark with filings as cash and financing ran out.
BUT , instead of closing Bates focused on the India plant, got it down, brought cost of production down and kept doing business.
When ImpactPPA came along it provided a means of financing these huge deals and all of us that saw all that potential were excited. Then I asked BATES personally on the telegram account if WSTI products were being used for the India deal and he confirmed they were.
Aside from Impact, oil prices rose again which also put wind in the alt energy market and there has been a ton of interest in the company from many different areas due to the traveling road show and all these installations in 35 plus countries.
YES, WSTI needs to get their filings caught up. Someone asked that question as well and Bates said they were on it.
I have been on this board since 2015 and bought stock at .0001. I sold enough so I cannot possibly lose a dime even if this goes to zero now.
Every penny stock has risks, every stop sign stock has a bit more risk, but there are very few real stories out there . Most are complete BS.
These installations do exist, the CEO does speak at the UN, and the work is out there. Can they pull it all together? it looks like it is happening now.
This is the only sub-penny stock I have ever bought.
If you are serious about the company, read all the DD pinned at the top and read and follow until you feel comfortable or until you feel its not for you either way. But as compared to other low priced , especially subpenny stocks at least there is something here.
Best of luck to you and keep asking questions, at least in your negativity you are pointing out things that need to be considered.
Best of luck to you!
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