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Wednesday, June 01, 2016 4:43:25 PM
LOL, you're blaming me for being right about that 99.7% loss again. 
Yeah, lots of companies go bankrupt, but that's not an excuse for WSTI. It was a poor business plan from the get go - losing money on every sale.
When over 90% of your sales price goes into the basic materials and labor to produce that sale, it's a bad business plan. No economy can fix that.
And then when you turn to toxic debt and pay 50% annual interest to keep the bad business model, that's not the economy either.
Savvy investors such as myself ALWAYS look at past results. That's how we avoid these 99.7% losses.
Yeah, lots of companies go bankrupt, but that's not an excuse for WSTI. It was a poor business plan from the get go - losing money on every sale.
When over 90% of your sales price goes into the basic materials and labor to produce that sale, it's a bad business plan. No economy can fix that.
And then when you turn to toxic debt and pay 50% annual interest to keep the bad business model, that's not the economy either.
Savvy investors such as myself ALWAYS look at past results. That's how we avoid these 99.7% losses.
“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken
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