I truly do not understand this incessant argument! Toxic debt is "out of the picture". Toxic debt has NOTHING to do with WSTI currently! Toxic Debt is NOT a problem! Toxic debt is irrelevant. As I previously reported, the total number of dollars traded since Jan. 2016 is ~$75K. Currently it is around $500 per day. That is the MAX rate of conversion. The actual is far less. The only Convertible Note conversion (8-k)was at the beginning of Jan. and that was for ~$7400.00. So whatever part you might think toxic debt is playing in the current situation has no supporting evidence whatsoever. This toxic debt nonsense is imaginary, made up, non-fact! It looks more like the toxic lender traded himself into a box of his own making and is now stuck there. That is good for the company as they don't have to do anything! The 60% loan that WSTI got shows that lenders are not loaning with any kind of normal terms but rather extreme terms. Therefore it is more logical that WSTI has some other form of funding the enables survival. Selling paper is out.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.