Replies to post #25384 on WindStream Technologies Inc. (fka WSTI)

[NVguy]

good points as usual Blizz.

No one is going to come in and be CEO of a company that has no money has 5 million in debt and a ton of problems with not much active business going on

this is what I was questioning in my recent posts. No way to compensate a new CEO at this point. We don't even know if Dan is pulling a salary of any kind thru WSTI as there have been no filings.

[rsh]

I didn't say it would be easy. It never is. Repairing a damaged company is difficult and I know that from experience. What is still true is that Dan needs to be replaced by someone capable of good decisions and with some money to use for specific things. You have long said that it would take ~$5M to fix this and you said, correctly, that was peanuts! That is still true. The ~$5M is still needed, but in tranches. Those need to be used by someone who understands what he/she is doing! Dan has made egregious errors that damn near destroyed WSTI that were his fault and not all the rest of those conditions that you cite. He has spent the $1M running around the planet looking for the next pot of gold all the while ringing his own chime. He NEVER used that money to enable the company to get out of the hole. That is incompetence! It needs to be replaced. If the $1-5M "chump change" can still be raised (in tranches) that is what is still needed. Dan must not touch it or control it in any way - period! WSTI does not operate much in the US which does not need the product. US markets are healing and the need outside the US has not abated. They are more reachable now than ever. WSTI is still stuck and ImpactPPA is in the Bahamas!
1 billion share at $.005 is $5M and pays for it.
Failure of the company has value $0. It is that simple.