Replies to post #1016 on WindStream Technologies Inc (fka WSTI)

[decouverte d Elbe]

Well if .025 is the cheapest they can pay for convertible shares, it may be as cheap as this goes-all other things being the same.
But I don't know if this is the case. Here is the TA info. Good luck, last I called they referred me to the company for that info (meaning the TA was gagged), and Dan Bates didn't think as an investor I should be "privileged" to this info, because in his words, he said he couldn't have people calling the TA all the time for this info, because the company would have to pay them more. He referred me to the stated amount in the filings (which then were like 88 million), as if that should be current enough for some yokel like me. That seemed kind of absurd, and only later did I find out they had unlimited A/S. When I asked about this, he said that it is the issuing state of Wyoming, and not his fault (not like he didn't choose this shell when he incorporated). But I see no reason why a company cannot cap their own A/S, just because they are incorporated there. And then I started getting phone calls, and emails from people I did not know, or share my personal info. One person even threatens me. I tried to lay off, for people invested here, not for them, and hoped that opening the factory in India, would give some a chance to recoup, but it didn't really help.
I understand companies have to raise money, but it's how they do it, and their attitude towards private investors that matter to me.

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[rsh]

Thanks. I found the number in the 10-Q for Mar. 31, 2015 as:Convertible notes payable, 3,495,581. the number for Dec. 31, 2014 was 3,041,332. So for simplicity, Mar had 3.5 million which was up from 3.0 million in the previous Dec.
Given that it takes ~35 million shares at these prices to pay off 1 million dollars of debt, there is required on the order of 122 million shares to be sold to retire the $3.5 million convertible debt from Mar 31. (But notice that the convertible debt increased from Dec. to Mar. by ~$500,000.
Since Mar. 31, the Average Daily volume of shares traded is about 3.5 million. The average share price over that time is $0.09. The average dropped to the $0.03 price starting in MAY!. Even if ~1.7 million shares of the average daily volume @0.03 = $50,000 went to pay off the $3.5 million debt, it would take ~70 trading days to complete the payoff.
I hope that you are right but I think this will proceed into July-Aug and that is if Bates does not increase the convertible debt more!