WindStream Technologies Inc. (fka WSTI)

[Blizzld]

Well I guess we will see right?

Back until Spring of 2016 the company was current in filings. They just reported their best sales and 4 years of sales growth. But the solar/wind market collapsed and some big companies went out of business. Also the Import/Export bank which often funded contracts in foreign countries where the company did business was not re-funded by Congress for a while.

The choices were bankrupt the thing, lose everything since one of the notes was personally guaranteed or limp along trying to raise money and instead of paying accountants/consultants try to stay in business. They kept operating in Vernon up until the lease issues, they were still limping along in India. They tried to raise money through a preferred stock issuance but couldn't. In fall of 2017 this article..

Forbes article

This was near the peak of the crypto market, then it collapsed. A company in Australia had raised about 30 million in a similar energy deal just before this.

It is clear to see the attempts. When Crypto crashed I remember not believing the crypto raise was going to work. As a matter of fact I mentioned on this board "time will tell if this works or not" and got flack from people about it.

Energy prices are back up, global concern about climate change is high, there is more money out there and well maybe we have one more chance who knows.

I work with small businesses in my job. I had a client on a straight up path from 2007-2010 going from 1.5 to 5 million in sales . Then the recession took hold, sales dropped in half , owner and employees took pay cuts, redid the bank loans and stayed in business. Owner almost closed and would have lost 700k in guaranteed loans against personal assets. A few years went by and were were able to pay off the loans and sell the company for 1.2 million plus owner working for the new company for 6 years since at the same salary.

Sometimes bad carp happens. Sometimes there is no path. That might be the case here. Until we hear something more concrete no one knows.