WindStream Technologies Inc. (fka WSTI)

[Blizzld]

That was middle of last year though.

Overall we have confirmed they are still in business , still selling product and still hiring and installing in India.

However there are some big issues to fix. Heavily promoted tanked stocks usually bounce well but any demand is met by newly converted shares so until/unless that is fixed it is not moving. Though this does occasionally have a bid now sporadically.

Once the convertible debt is handled this can go up because the valuation is ridiculous. Based on even 4 billion shares the valuation is about 400,000.

It is still a crapshoot but lots of money out there.

I would give chances as follows

70% files bankruptcy
10% works a deal for Indian operation to stay afloat for a while long with little benefit to shareholders
10% workout is done (insiders buy up a ton of stock at low prices as they have been diluted out of the game as well) then company gets money buys and cancels other shares.
10% no activity, eeks along as is for another year or so.