Replies to post #25366 on WindStream Technologies Inc. (fka WSTI)

[rsh]

It was much more than:

Just looks like a common case of under-capitalization.

True, WSTI tried to spread too far too fast and did not have the funding to do so. Bates tried the convertible note route which was the only source of funding for small startups. The unfortunate thing was, even though being warned of a particular lender who was notorious for being a toxic lender, Bates sold notes to basically a "loan shark" and that shark turned and bit Bates and WSTI in the ass. That completely strangled WSTI's ability to raise money and drove the share price to the floor while diluting shares big time. Bates has no understanding of money, notes etc. and went on thinking that all would be well. He repeated that act in a similar fashion in ImpactPPA when he was told that the crypto-craze could raise funding he could use to bypass the toxic lender and share sales and fund WSTI by getting projects for WSTI. He had and still has no common sense about crypto currency that is based on human desire and nothing else. That ineptitude is causing ImpactPPA the same under-funding problems that face WSTI. What it is, is "a common case of total mismanagement" resulting in under-capitalization. Bates has and still is doing management things he knows absolutely nothing about and is misled by others, with equal lack of knowledge, who have his ear. The current state of both companies says it all.

[Blizzld]

Yes, no access to funding, in an industry that was decimated by the recession and rapid fall in fuel prices.

Prior to this we had 4 years of growth and just reported the best sales in company history.

I know people keep calling for Bates to step down but he is the only one working/trying to do anything. If he raises funds I am sure he could switch positions. But right now there is no sense to comments like that.

Given that another stock that got suspended just before us received a notice of revocation of the ticker it is possible/likely we will see the same over time.

Then it will be a matter if money is raised the form 10 is filed and a market maker comes on board.

Like I said we cannot stay in limbo forever, I think we should know soon one way or the other. I wish I won the powerball or mega millions Id march down with the check myself LOL