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Things changed when I got that new info i posted recently about them knowing the dude who did the article that pushed the stock up (at least from the info I was given).
But a 4-5 month wait with now news which is now beyond the extension period for a filing date for financials is getting into a territory that is also not good.
The company last gave a shareholder letter last year in July I believe. Then some announcements about Argentina and India in the fall and nothing since then.
In any case its just frustrating not hearing anything.
As much as I have been the positive one on this board , people have to understand that this stock is going nowhere short of a workout of that dilutive convertible debt. It cant because there is a virtually unlimited supply of stock currently. There are ways out of this but it does not operate like a usual stock with a bid that has fallen without this dilution. In that case the stock could go up. There is a lot of interest in windstream but that interest cannot do anything unless there are structual changes. There could also be a buyout of some kind .But short of those two things this is going nowhere.
Companies have problems all the time and go out of business all the time but usually communication is better. I guess this is make or break it time for this company as they either work out the debts, get bought out, sell the India operation or go out of business.
Regardless of all the bad things that happened here the worst thing is management not caring enough about shareholders to keep them informed.
Good luck to everyone!
Well, we sit some 2 weeks or so after the report date with no report. Nothing from management since last November.
We can see that the ability to get any funds from dilution is winding down at least for now.
The only thing I could find was from back in December of 2015 where the railroad pilot program in India was shortlisted some time in 2015 so was still ongoing. This was in a list of pilots making the next level in India.
My guess is with the Indiana note due and other issues we all know about that this will push the envelope and either bankruptcy will be filed or something else will happen. I do think Management owes its shareholders an update no matter how good or bad the news is.
Good luck to everyone!
Hey Anthony,
Right now this stock cannot move until a deal is made to take out the convertibles. it is possible but not likely. However, I do think things will come to a head at some point soon. This means we should know more one way or the other. I do not think we will be in the dark too long.
I would like to see the financials however. It has been 5 months since we have heard anything from these guys.
The reason the stock cannot move is they just keep issuing stock. A price cannot move up when the supply is unlimited. As soon as that is laid to rest a move is possible though.
Id have to agree with both you guys that bankruptcy is probably the most likely option.
I did have a very interesting conversation with someone this evening that has met Bates and Harris personally and also Adrian James who up until now I felt was an outsider of some kind.
Amazing info but nothing that would lead me to be positive on this stock.
He reached out to me and talked to me on the phone. Seemed like a nice guy, background in this area. Wanted to exchange some info in hopes I can do some digging on medical company in my area.
Some key points in the conversation..(again I do not know how truthful this info is)
1- Bates and Harris both knew Adrian James the guy behind the publication that everyone saw. As a matter of fact he was in the same room with both of them. He also stated that James was the guy that found the shell for them to reverse merger into.
2- He stated that Management was reluctant to give specs and payback periods , that he saw huge potential but only got dodgy answers
3- He personally lined up a ton of business (wont get into details) but that management was only looking for India type situations where 2-3 million dollars came in up front to Windstream.
4- He visited Indiana and knew the people who did the most of the videos the company displays.
He was not really angry or hostile towards the company just felt they really did not know what they were doing (big surprise) and were not handling things correctly. He personally lost some money on the stock but bought some more to average down in hopes of some kind of turnaround.
5- He stated there is an active windstream site close to him he drives by thats been working for a few years. IT is on some movie theatre or building owned by a mayor.
It was really interesting stuff but nothing that would give me a better or worse opinion of it, probably a bit worse if anything. Just wanted to share what I was told.
I am far from an expert but in this case we have a unique situation.
Stocks that fall dramatically often reverse split but usually have a bid/ask at the time. When you have a no bid stock at .0001 and reverse spit presumably you would have some kind of a bid/ask which would allow for a mass exodus by people who could not sell before. In no way does this increase the ability of the company to move forward.
I suspect something is up as I was contacted by two different people I do not know in the last week about this stock. Hope something is in the works but most likely they are trying to get a plan to avoid bankruptcy and might have to file. Who knows. It sucks not at least having the financials though.
Certainly not impossible. Everyone stands to gain, including those that converted shares under the convertibles.
While I always mention how much of a long shot this is, I keep saying that the amount of money needed to fix this is not that much these days, especially if sales are growing and in the environment of the global climate pact.
The good news is the dilution seems to be on pause for now until we know more.
Freeze right here you have what 3.6 billion-3.8 billion shares? maybe 4 billion shares.
you have a market cap of 400,000 dollars
for a company that has grown sales from 900k to 1.8 million to maybe 4 to 4.5 million in 3 years with a debt problem of 5-10 million.
10 million in capital takes out all debt. If someone did that the stock could clearly have a 20-30 million valuation or more. Heck it had a 160 million valuation with a lot less sales and growth.
Also, a few days ago i could not post , it stated I had to have a paid account to post (and i was not over my daily mexmimum). When i looked at the options on the page the free one was gone. Just mentioning it because there might be other people this affected and maybe they reversed that decision here on IhUb because now its back.
Friday was a weird holiday. It was Emancipation day. Because offices in the District of Columbia were closed, people were given til monday to file US Income tax returns. Now most of this filing stuff is probably upload by computer and file so it most likely is WSTI just being late. But I remember once trying to get something done with a Gvt agency back on the last observed Emancipation day and you could not reach anyone. It is not observed every year like every 4th year or something. Weird holiday.
It would be nice to see something very soon. They did file the extension so it should be forthcoming.
Well it is remotely possible since Friday was a holiday in the US that they could not get their financials up and they will come tomorrow. Let us hope at least.
Well as of now nothing yet, and they have been hit with the delinquent sign on octmarkets.com. This means their report is officially late.
Guess we have to see if it gets up late tonight or in the next few days.
No LOL
Although I think sales will be ok 4th quarter and the company will have a nice track of 900k (2013) 1.8million(2014) 4.5 million (2015) , the issue is whether or not they can have a workout to take out the convertible debt which is causing the dilution.
There are other issues ... re-doing the bank line, extending or working out the Indiana loan etc..
There could be some positive surprises but a lot of potential dilution unless management deals with it.
Good numbers or surprise good numbers and some good info might help but I do not feel it will move on the report as it is no bid with almost unlimited stock that can be minted without a workout.
finally found what I was looking for!
Last year it appears the release came after the close , about 538pm.
So it is now a matter of hours but probably wont happen during the day.
I guess we might have to wait to market close?
Geez all these company always put out news at the last second!
It has been a long wait. Especially since Windstream has not been issuing any news releases in months.
Again I am expecting between 4- to 4.5 million in sales for the Calendar year but who knows what the real number will be.
hope to get an update on the India situation and at least some management comments if not a news release of some kind. Last July was the last time management really had much positive to say in a letter to shareholders.
A few more days and we will know a lot more. I think Friday is the magic deadline/
It has been a good discussion on the board here. I appreciate all the back an forth.
We should know a lot more in the coming days.
The dilution can stop at any time with a deal with the noteholders. India is hiring so that is a good sign but we do not know much of anything.
At its peak this company had a market cap of about 160 million. It would not take all that much capital to pull out of this mess. Perhaps only about 10 million to get rid of all debt. 3-4 million would take out the toxics.
There are many ways this can happen but the odds are fairly slim.
I anticipate full year sales for 2015 to be between 4 and 4.5 million dollars. The 1st quarter 2016 results will follow close behind the year end that number is anyone's guess at this point.
The company however might be faced with bankruptcy if a workout is not found. This possibility is even higher now than it was a few months ago as we are now at the point when the Indiana loan is due and there have been no news releases required for public release of information regarding material developments.
The company has not released anything since November.
My potential valuation calculation was 20 million market cap at about 2 billion shares (or .01), now that there might be 4 billion that would make for a price of .0050 at the max.
20 years ago when capital for small businesses was everywhere I could have done this deal myself . Insiders could load up on shares here take out the toxic debt, bring in some new money and this thing could easily be a 100 bagger.
The one real negative that has continued to develop in addition to all the other tough things to overcome is the low price of oil which makes payback periods longer on alternative sources.
There are other things that can possibly happen. Windstream has a bunch of test projects in India. If one of them happens it could be 20-30 million in sales almost overnight.
Whatever the case may be it certainly has been a long wait for information.
Currently I have had a pretty decent winning streak that might come to an end here.
Made 20% on Keek
Traded Bitcoin twice 400% profit first time, 40% second time (first time was minor money, second larger), currently up 40% again on third position (bitcoin halves new coins in the coming months, less supply should drift price up. (currently dollar cost averaging into position)
Own Intermap at levels slightly below current price , signed 175 million dollar contract , expect down payment shortly.
Mezzi - Down about 35% but might double down. Sales up, low valuation.
And of course WSTI which could be a 100% loss but for small dollars.
Hope you have a large bag to hold all those shares! Wonder how Archi is doing.
Yeah kent's got that! Right! Kent admitted having no salary and no shares here. He was only here to manage the Oak River asset in TDEY. He owns nothing and will probably stay far away from this mess.
I correctly called this thing in my last post and in about 7 days with no financials there wont be much trading here as it will probably be turned off.
If people only knew the full story here! Guess youll have to buy my book!
That is the least of Windstream's worries Beachside. I doubt Windstream was pushed by many brokers for any accounts retirement or not. It was the mailer done and mailed by a 3rd party that caused all the trouble here.
We might be bankrupt here , might dilute to no value over time or might turn who knows but I am sure they are not worried about brokers recommending or not recommending the stock at this point.
good luck to everyone! 9 days left!
Agreed, some of the stock sits in the 2s until they move it over. I think they do this almost every day.
We are close to knowing some key information
1- Sales for the 4th quarter
2- IF any of the loans have been worked out.
3- If the company plans to file for bankruptcy or has other options open.
11 more days til the financials should come (can be sooner but deadline is the 15th of April).
They seem to take their reporting responsibilities pretty seriously even though they are in dire shape here.
Best of luck to everyone!
The Real Scoop?
Here is a more likely scenario..
According to report here Kent had a bankruptcy issue looming. He also had an asset someone wanted to pay good money for (not only the software but apparently fixed assets of some kind if that cash flow statement was right). If he sold it himself they would grab it in bankruptcy. By working a deal to get it to TDEY and not own any stock , it essentially would be a TDEy asset and harder to touch since shareholders owned it. he would make his money down the road and take some consulting fees in the meantime.
Enter the deal with Eddie. he makes a deal in which EV has to do some stuff like turn over shares, cancel notes. EV balks. Kent , trying to make sense of this mess of a ticker has pissed off shareholders calling everyone from copyright people on his video to his accountant. He decides it is not worth it, and EV has not performed under the merger agreement so he files papers to end it all.
Up in the air is whether or not Kent actually posted anything to facebook or if that was someone else. There are many posters here who are someone else.
So basically there you have it in a nutshell in my opinion. Add that to a bunch of posters whose motives are probably being probed by the three letter agencies right now and there you have it.
Notification of Late filing
Pretty much as expected the notification that the annual report will be filed late turned up today in their filings.
So the box is checked that they will report within 15 days. So by April 15th or so we will have the info (for better or worse)
The dilution game is pretty much over as it has really slowed down and does not represent material money in nor payment of debt. In any case we will know a lot more soon.
8-K filed to report new shares
Item 3.02 Unregistered Sales of Equity Securities.
Effective March 24, 2016, WindStream Technologies, Inc. (the “Company”) issued 177,000,000 shares of common stock to an accredited investor upon conversion of $9,204 in principal of an outstanding senior secured convertible debenture at a conversion price of $0.000052 per share.
The above issuance was made in reliance on an exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Regulation D promulgated thereunder.
Effective March 24, 2016, after the issuances described above, the Company had 3,568,678,948 shares of common stock issued and outstanding.
Hopefully we will see either the financials or the extension filed shortly
I think March 31st is the deadline. However they can get a 15 day extension which we should see in their filings if they file one . That gives them to April 15th or so. So in 3 weeks we should have something (at the latest). It could come at any time now but chances are it will be at the end of the month or within the extension period.
Excellent post!
but consider this...
Does anyone really know if it was even kent that posted to the facebook page? or much of the stuff here? Or for that matter even did the press releases?
Let me give you an example of how crazy things can get.
A while ago a Canadian company with real revenues and real business had a press release issued by someone wanting to buy the company out for about double its price at the time. Stock shot up. the Letter stated it was only announced after management would not call them back.
So everyone starts looking into this guy. he was listed as making a 10 million dollar investment in another company which sold electronics from a webpage and had a facebook page.
here is where it gets good. the facebook page was full of people getting scammed saying they never received product. The "launch" party photos were taking from a launch party for another company, the photo on the top of their page was stolen from Baby Dior.
But it gets even better. The CEO was listed as a former goldman sachs guy. There was a page set up about him on an angel investor site which was also fake and his picture was taken from a photo of a singapore architect.
The customer service rep "Sarah" was using fake pictures and her facebook page mentions that she was engaged to the ceo. her ring picture was also fake and from another website.
So people can be duped. This situation I am mentioning was the most complex scam i have seen .
Not sure anyone will really know what happened with Tdey, but with no bid and financials soon to be due the show might be over.
For better or worse we should know a lot more within 3 weeks with the financials.
It will be interesting to see thing.... finally.. lol
Lots of ways this can recover, whether or not management is capable of pulling it off i am not sure but I can wait to see the info coming
Now what do you believe ARCHi ? it is NO BID. Still undervalued?
still think you are on the right side of this discussion?
facebook page disappearing - not a rumor a FACT
no financials promised back in january no?
Not sure how many ids are a going to disappear now. i guess we will have to see.
tried to warn people as did many others
"Pursuant to FINRA Rule 6530(e), any OTCBB issuer that is delinquent in its reporting obligations three times in a 24-month period and/or is actually removed from the OTCBB for failure to file two times in a 24-month period is ineligible for quotation on the OTCBB for a period of one year. - See more at: http://www.finra.org/industry/faq-otcbb-frequently-asked-questions#sthash.7MJkSBh9.dpuf"
Well I am not entirely sure but I believe financials have to be filed by a certain date in this case march 31. They can file asking for a 15 day extension but then if that passes I think the regulators/exchange can stop quotation on the board. I believe there is a 3 strike rule, maybe this is only strike 2 but i did not look carefully at all the reports and I do not know how late some of the 8-k reports were or if they count.
i know last year they filed late, not sure if its a strike if within the 15 day grace period as well. So this may or may not be an issue. But generally speaking having the financials on time would be best.
Timing of when we hear something.
Financials are due March 31st.
It is possible they will file a 10Q NT (like they did last year) that says they will be late giving them 15 more days to file.
I believe if they are not filed by April 15th it is possible the stock will not trade or perhaps get a temporary suspension pending the statements.
So I am pretty confident that we are 2-4 weeks away from hearing something from the company.
Dilution has slowed down dramatically and there are lots of things coming up in the next few months that need to be worked out. So we should know a lot more soon.
It is funny! Saw that this morning!
Low volume or no volume is good. This thing will stop diluting.
Here is the plan I would choose..
Management buys 500 million shares to 1 billion shares (50-100k)
Typonex holds existing shares maybe as much as 300 million shares
Convertible note holders get taken out
Company' re-does credit line
More than 40% of the float would be covered by insiders
Then no more dilution, anyone that buys has to pay up and we get this thing to a penny. Typonex makes 3 million dollars. Management makes 10 million dollars.
All it takes is willing partners and at a min 3 million bucks to make this happen. Better with 5-10 million and a total debt take down.
Best of luck to all!
Well we should know all we need to know by the end of April.
We should have financials and at least some kind of update from management within them.
The declining volume is a good sign as ironic as that sounds because that means less dilution.
That should bring things to a head soon.
yes, there are a lot of stinky pinkys and yes this one sucks too. However I have yet to find one with 4 years of growing sales , sales in numerous countries, multiple real products that sold and a growing operation in India.
Latest article I could find. I posted this before.It is dated Jan 2016
[url][/url][tag]http://www.thehindu.com/todays-paper/tp-features/tp-propertyplus/wind-turbines-to-boost-renewable-energy/article8059272.ece[/tag]
good luck with that! And show me where Kent put money in?
You should have listened to people IMO
This one was long telegraphed and had many chances to get out.
Yeah Eddy, except the fact the project was real, was built and installed and running.You missed that part. There was no point in promoting the stock it was not going anywhere at that time. Not sure if what you say is even true but regardless it was a real installation.
Well we knew it was coming. Lots of if the billion plus club sold today.
No one was listening. Claimed everyone cautious was a "short seller" or "penny flipper".
The most money to be made off this is with my book I am writing about these characters! Advance pending!
Better than existing movies about penny stock flippers.
Willing to share with some others for help! Not sure what to call the book.
"Lucky Lindy" could be a good title .
Overall I hate when this happens, it is never good for people to lose money. Hope some of the people that lost made some along the way and are not too far down.
FACTS
No speculation here..
1- No financials (yet) that Kent promised
2- No ticker change (yet) started months ago
3- No merger (yet)
5- Bid price dropped about 80% in three months.
There is no story here. The story is the stock is going down, despite all the "contracts" that a while back people were claiming were going to create 200 million in revenue.
What is that telling you? What is the market telling you?
Moreover if you look to places where information has been found before about this company you will find even more.
Totally agree with that statement.
It has been a horrible investment for people. However the price is no longer where it was and is .0001.
And the bigger question is has the performance of the company in terms of sales growth and operations and the overall big picture gotten better or worse since the high price this sold at?
My thinking is , it certainly is not worse. They just ran out of money and diluted. So then you look at the market valuation. From 160 million at its pumped peak to 340,000? now with 5x the sale,India, the mobile mill etc...
Plus that chart is about as awful as it can get, but here we are at the bottom of the chart. 2 months we should see more info.
Just as a review, other than lack of funds and the pump and dump in which management sold ZERO shares.. here are the sales numbers by year
2012 11,000
2013 896,000
2014 1,764,000
2015 2,821,000 (for the first 9 months)
My "guesstimate" for 2015 full year sales is about 4-4.5 million (Argentina large project plus some other sales)
Despite all the negativity, I really do not see this company as a failure. Numerous solar companies went out of business during this period.
It also just opened the India plant in mid 2015 and has produced about 2,000 units by the end of 2015.
There are distributors and shipments going to multiple countries and the company is involved in multiple pilot projects any one of which could lead to substantially large sales.
The Mobilemill supposedly went into production in the 4th quarter, but we have no update. I did notice a new video posted in jan of 2016 (advertising that product). Rehash of prior video.
Since I first came here though the following negative factors have developed..
1- Until the last few weeks (when oil rebounded a bit) ...the massive collapse in oil prices
2- Continued stock dilution
Plans for Turnaround would have to take out 2-3 million in convertible debt at a minimum.
9-10 million in capital takes out all debt.
Middle of the road approach would involve taking out convertible debt and having a better credit line of up to about 5-6 million.
Also more cash is due from India partner for payment of 40% interest.
There is a real lot going on here including some of the 9-10 million in debt is actually derivative debt created by the convertible debt which goes away once the debt that creates the dilution does.
Very complicated situation.
But .. A buyer/.interested party could own like typonex 300 million shares. Arrange financing for the company then see the value of those 300 million shares increase in value dramatically . Especially since the crazy interest and profit affecting items would decrease as well.
It makes some kind of sense for the right party , especially if India is strong and mobilemill kicks in as well as US sales and other direct sales etc..
The problem is, we have near ZERO information since the last update.
We should know most of what there is to know by the end of next month.
When this stock was pumped, it barely had a million in sales and achieved a market cap of 160 million.
Even with the outlandish dilution and incredible amount of stock outstanding as a result of it, a market cap of about 34 million is .01 cents a share.
Working with my initial thoughts of 20 million it is about .0067 cents a share.
People lose track of things with big o/s stock it is a market cap and potential that counts.
LOTTO/POWERBALL Ticket.. yes for sure.
But the sales for 9 months were about 2.7 million and should be over 4 million for 2015 as a whole due to the Argentian project which was inaugurated on Oct 15 after the 9-30 deadline.
The question is , did US sales (which started last summer) Mobile mills sales , which started 4th quarter and sales in India gain some traction since we last heard from the company. And if so are things on track to accelerate going forward. That is a big question and we just do not know much right now.
If this thing can generate 4-5 million a quarter is it worth 20-30 million? I think so. Is it worth taking out 2-3 million in toxic debt to create that value? I think so.
My initial hope was for a 20 million marker value on 2 billion shares o/s. Now with the same market val you have .067. So the potential keeps dwindling as more share are issued and also keep in mind the issuance is ongoing so there are more shares outstanding than we know about right now.
It is clearly a major longshot but interesting to follow nonetheless and only suitable for a minor investment (small , very small) of high risk money.
8k filed 2/26
3.392 billion shares. Two big issuances at .00006, one big one at .00001 (not sure why at that price).
Nothing positive here to see LOL. The only thing is interesting is why in the last 3-4 days or so volume has really spiked. Makes no sense. Wonder who would be buying.