There is no apriori threshold PPS below which failure is certain! When you see ANY stock that drops to 3 cents, 1 cent and below and then fails, you are seeing companies that have no means of revenue and no means of turning around. Basically such companies run out of funds before they produce, if they ever had anything to produce in the first place, and cannot generate sales. Starting a company is difficult and perilous and most startups fail! They fail to achieve the ability to live on their own revenue. That is why when you see those companies fail below 3 cents, there is nothing there and they are being traded into oblivion. WSTI is not being traded AT ALL! It is being forced and driven into uber dilution by one or two or three individuals!
I am not saying that WSTI can't or won't fail. It is also the case that management can screw things up beyond belief, even with product and sales. Clearly that is the case here. They cannot continue to be stupid in financing.
The markets respond to companies generating revenue. So, just for example, if WSTI bludgeons itself into a 1 billion share OS. Then all it has to show is $1 million in earnings to give an (earnings per share) EPS of 0.001 which translates to a share price of ~$.01 (1 cent). Earnings of $10 million gives an EPS of 0.01 and that translates to a share price of $0.1 (10 cents). Those earnings are annual.
I don't know where these damn convertibles end (and they must), but with installations in Argentina, sales etc. the possibility of turning around as illustrated above, is still within a rather immediate reach (if convertibles are retired).
It ain't pretty but it ain't dead either.
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