WindStream Technologies Inc. (fka WSTI)

[Blizzld]

Loss for the 3rd Qtr 2015 was only 682k of which 380k or so was that crazy interest expense.

Plus they floated the big project that did not close until October (4 qtr).

Someone comes in with a few million dollars and this interest goes away and they are near profitable on about 3-4 million a quarter in sales. They have 2 million in inventory paid for as of the end of Qtr3.

Also some of the liabilities are not even real they are derivative liabilities created by the dilution of the convertibles. So in essence once those go that other liability goes, you get almost 2 for 1 on dollars there in debt reduction.

Look, obviously this is a terrible situation. But to a certain extent I disagree on this being all managements fault. They took a company and grew it from ZERO sales to a steady growth of more than 100% per year in an industry that was absolutely pummeled back when they started. No insider sold stock, and despite being able to just walk away they have done everything possible to keep this thing floating.

I do not know of any zero bid stocks with this kind of revenue growth.
I also know some solar stocks that lost 50-60 million or more during those great recession years.

Whatever happens it will happen soon. We will have financials, some kind of update and or a bankruptcy or some deal with the Indian subsidiary.