WindStream Technologies Inc. (fka WSTI)

[MWM]

EVERYONE STOP AND READ THIS POST!!!!

regarding reverse split

Our lawyer's general opinion of R/S's in the OTC

"As far as reverse splits are concerned, that is a tool in our restructuring arsenal, but is only used in connection with much larger fundings and/or an eye to meet uplist application requirements on a national exchange. A reverse stock split is something in the company’s sole discretion. To do a R/S and to remain on the OTC, to me, is a big waste of time unless you have other minimum protections, such as a Board resolution that the company cannot take any more convertible type notes. Maybe that could work, but the nature of the OTC Markets and R/S is not an optimum situation for anyone, including management.

There are no villains and no heroes in business. Its just business. Hopefully, with a little bit of experience and knowledge, and a little help, some of these OTC Companies can emerge from a restructuring in a much better financial condition with improved outlooks.

I hope this helps. Good luck to you."


From the Desk of
Mark R. Basile, Esq.
THE BASILE LAW FIRM P.C.
Business Restructuring and Law Group