Reread the post! What WAS said was:
"Revenues are beginning to be seen and they are starting to work their way out of startup troubles."
That does not say they are profitable!
What WAS said was:
"That is, once I get close to profitability, I close down and move to Timbuktu?"
That was said to make a point (that you missed).
That neither says they are profitable!
I have seen and analyzed the financials and written posts regarding the convertible debt. That debt will end in the near future. The remaining company debt will be handled in normal business fashion as product is made and sold.
A company listed on a stock exchange does not have to be profitable to be a buy! It does however need to have a change in momentum to come out of its start-up debt. When the selling pressure of the (Convertible Note) banker abates, the revenues that WSTI is generating will begin to drive the share price up. Since this is the end of the second quarter, one would not logically expect to see much improvement in the balance sheet. BUT, next (3rd) quarter one should see a turn around in share price after the banker is gone. (You may want to look at the balance sheet to observe that possibility).
If a company is going to recover and rebound, any price near the bottom (1 to 2 cents) is a good time to buy. After all, the price is NOT going to get much cheaper. To put it another way, when the price is 10 cents and above you will be saying that it is time to buy - but that would just be a factor of 5 to 10 times later! If your are a longer term investor, then during the course of 1-2 years, when the price could reach O($1) meaning the order of a dollar, the current price difference is irrelevant.
The current share price has nothing whatsoever to do with the performance of the company - it is a complete disconnect. Thus, the association of anything to do with buying and selling based on normal ideas is inappropriate.
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