I only want to make the point that toxic debt can be ENDED, PAID OFF, WIPED OUT, IF and only IF revenues or other long term financing are used to do the buyout of the notes! That is a fact and is frequently done. I don't see how that is arguable but someone is sure arguing it.
Therefore, the only way WSTI can really stay alive, and move forward is IF that ~$2-3 M note remainder is paid. Given the ability to construct grid/off-grid power plants that should be entirely doable!
You are right that it is really not far away - one angel investor, for example and poof, WSTI can begin to come out of this mess.
BTW I agree that .01 is a reasonable recovery.
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