Actually WSTI had not done it before. WSTI was never halted that we could find and no SEC action was taken before. The company responded to this directly in a letter to shareholders a few years ago and evidence is seen by the trading not ending during that period (objective evidence).
The bottom line here is that in May Dan believed he would quickly raise the money through ImpactPPA to fix the WSTI issues. It did not happen. Everything else is real. While it is doubtful that anyone had a hand in pushing this suspension it is at least possible, but there are no indications management wanted it to happen.
What is correct info is that is is indeed very difficult to come out of this pickle. But usually most companies that get suspended do not have active operations or big contracts that can fix things. But even so it is still very difficult.
It sucks . As soon as we hear something more we can talk about it but right now as far as we know the company is operating and everything else is still on the table. Might take some time though.
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