It is not my toxic debt therefore of no importance to me. But to WSTI it is only a debt now and has lost its toxicity. The result of the convertibles IS the present situation. Neither WSTI nor lenders can sell paper, period. No volume, no sales, no conversions. There is NO scenario on this planet in which WSTI can do any kind of RS that has any benefit whatsoever! Please come to terms with that. If you can mathematically show there is any split in which WSTI can get more that a few thousand dollars for a very few days, please to so. I claim that cannot happen with any reward of any significance. There is too much debt in the way and that BLOCKS any chance of more convertible loans. (That is why the awful 60% loan - there are no other lenders as it is way too risky).
Why do you think the toxic lenders have to be paid off?????? They don't! They put up risky money. Unless a mortgage of some kind was given in the original contract for the debenture, the lender has no rights to the company, its direction or anything else. From what I have seen with my own eyes is a contractual restriction to 9.99% ownership MAX - period and no other severity. The lender cannot sue, force anything, run the company - nothing that I have seen in the contract. He can't even have the toilet! He can sit around and bitch and groan. The lender did this to himself! The only one damaged by his own actions is himself - the lender! So unless you can come up with something in the contract there is no pressure on the company. The debt grows, perhaps interest accrues, etc. If the company is dead, that doesn't matter.
The reason that I have repeatedly stated that this is a binary situation is that there is no last ditch effort that WSTI can make outside of sales (and perhaps debt restructuring from that) to get out. So it is sell for survival or die. Nada mas!
The company can go out of business, go Bankrupt, fold up and move to India - namely it has lots of options that "do nothing" and do not require shares to do so.
The only problem now is survival - all other issues are irrelevant and do not interfere with that one thing.
AI
