WindStream Technologies Inc. (fka WSTI)

[Blizzld]

yeah it is awful but you have to ask the deeper questions.

If nothing good was going to happen, why bother? If there were no chance and bankruptcy was looming why keep beating your head against the wall, just close it down.

People do these loans when there is a timing issue regarding potential. I have been seeing some of them come through for the first time on peoples tax returns. One person used a 100k loan to ramp up inventory triple sales and then got an investor. Rate of interest was north of 40% plus fees.

In the next three-four months we will know what happens but I think we will know even sooner.

If that 68% or whatever loan was needed to finish a 2 million dollar job which closed after Sept 30th, then maybe it was worth it. What if sales surprise for the 4th quarter or JPS kicks in. The rate is high but the amount of money borrowed is not that high.