Replies to post #3236 on WindStream Technologies Inc. (fka WSTI)

[Blizzld]

well, yes, bankruptcy is high up on the list of possibilities , yet we all knew that all along.

debt will not be converted at rates good enough to pay it off before failure.

But the company has sales, products, factories and has shown a good chain of growing sales. It has value. There are lots of companies with money looking for opportunities. And a large shareholder in one such company did contact me back.

Like I said, success or failure should be known by the end of April. Lack of volume slows dilution and pushes the issue a bit quicker.

Unlike others here, I do not think a 2.5 million dollar toxic debt problem is something that cannot have a workout . It is not that much money. But there are other issues like the credit line etc. But pushing 1/2 the job cost to the front (which they are doing, getting paid 1/2 or so up front and perhaps some homeland security orders of a large magnitude could help (mobilemill supposedly in production now).

Not much hope but also not much has changed. It all lies on whether someone wants to invest to own this company for the long haul. On that note the weak oil prices is probably the biggest headwind

[Full Contact Yoga]

I don't disagree. Both BK and RS will wipeout commons. RS allows Bates to rinse, wash, repeat to whatever degree he is capable, no matter how small. BK might allow for a bounce, but really tough with a monster float. Sales are the obvious answer, but a stretch IMO. Finding an angel investor is improbable simply because the risk doesn't outweigh the reward for smart people with money. However, a takeover isn't out of the question, much like ECI*. It's not a real happy story and they did RS and then subsequently give back 90% with about $12,000,000 in sales at the time, but they exist, righted the ship and have a chance of returning some of the loss. Between Indiana and the LOC, better debt, it's around 3.5 million plus interest and fees, payoff is a good chunk more. But, the big better debt is workable. The LOC seems to be content staying dormant and taking interest and Indiana seems content allowing the mayor's incompetent son and other extended family members to continue making a grossly overpaid salary. Filings not too far out, we shall see.