Funny and correct - annihilated! I don't think that any feelings towards Bates, one way or the other, has anything to do with it. Companies that can grow can SELL DEBT or to say it another way, "GROW DEBT", That means that there are investors willing to buy the debt that finances the company growth. Companies can generate traction in economically compatible times selling debt and especially in niche markets like WSTI, heck, even in really large markets like the Solar Industry. But, when the economic well dries up for the whole industry, things go downhill fast. So whether it takes only a few hundred thousand dollars (i.e. a minuscule amount) to retire all those shares, THAT in NO WAY enables WSTI to grow debt, sell debt or what have you to get out of the deep pit.
I agree completely that the (debt) problems that WSTI has incurred by whatever means (meaning bad luck, bad management or whatever it might be) can be remedied in but a flash. It is that no one seems to want to properly fund the Solar/Wind faction. It is not the "hot-thing du jour". So even if the past debts are solved, it is still in the pits!
