WindStream Technologies Inc. (fka WSTI)

[Blizzld]

4.6 million in assets.

Cash 177k could easily be zero

Accounts receivable 305k - value could be a lot less now but if its roughly the same this would be an asset creditors could attach and collect

Prepaid Expenses 287k, no value to anyone as its a timing issue on a company expense

Investor notes receivable -1.535 million - related to plan of convertible notes probably no value to a 3rd party by terms of deal

Deposits - 62 k - other peoples money no value to creditors


This leaves two assets left

Inventory 1.9 million. unsure of potential value. If company is bankrupt and out of business probably little to no value. Potential scrap value or perhaps 10 cents on the dollar.


Property plant and Equipment 340k

Could have some value, depends on what is machines, autos and what is mostly worthless leasehold improvements. Guesstimate 50-60k tops.


Not much value in any of that for creditors and certainly less than secure debt.

The lawsuit will force a deal or bankruptcy and push this to a head.