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Monday, May 10, 2021

WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) Trading Over Support Levels

WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) recently hit an all-time low of $0.15 and has moved back up over $0.20 where it has formed a new base since then. WSTI started trading on the bb’s in May of this year at around $0.75 per share and has been highly volatile since. By the end of June WSTI had risen from $0.75 to a high of $2.25 before being attacked by the short ball wrecking crew which took the stock to a low of $0.43 in 2 days.

Since then WSTI rose over $1 a few more times before the recent drop. In its heyday several months ago on the way up to $2.25 per share WSTI regularly traded several million dollars in daily dollar volume. More recently the stock has been trading in the $250,000 to $500,000 range.

WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) is a hard mailer promotion from the Wall Street Revelator with a disclosed budget of $900,000 from Mandarin Media. Users on Twitter reported receiving the glossy mailers from WSR as early as June 15.

According to the over the top promotional material printed on the front of the glossy hard mailer ‘Tesla Billionaire Elon Musk’s Prayers for Cheap Energy May Have Just Been Answered. ‘WindStream Is My #1 Energy Stock Pick For 2014!’ – Andrew Carpenter. Don’t be the last investor to find out that WSTI has 1. A breakthrough innovation 2. An approved patent 3. Is backed by a member of one of the world’s richest families 4. An 8-figure purchase order from a billion dollar giant. 5. Global distribution

Breaking News! WSTI’s successful pilot program results in purchase orders worth $22.6 million with a potential $97 million to follow. A $10,000 investment into WSTI could grow to $67,375 by year-end’…..Hogwash.

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WSTI was established in 2008 with the goal of designing, prototyping and manufacturing affordable and scalable renewable energy technologies for a global marketplace. The Company has developed and tested the first-of-its-kind, integrated, hybrid energy solution and is now marketing and selling SolarMills® to a worldwide customer base.

The SolarMill® is the world’s most complete renewable energy generation device. Instead of a footprint dedicated to a singular solution, WSTI engineers designed a unique set of vertical axis wind turbines, added the highest quality solar panels, and a patented system of integrated electronics, to create a hybrid device with the highest energy density in the market.

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In 2009, WSTI set up its R&D facilities at the Purdue Research Center in New Albany, Indiana with an academic alliance with Purdue University and a grant from the State of Indiana. Engineers were hired for their expertise in fluid dynamics, turbine design, power electronics and electro mechanical engineering.

Upon completing many rounds of prototyping and testing, WSTI set up its manufacturing facilities in 2011 in a 50,000 sq. ft. facility in North Vernon, Indiana where it currently manufactures and ships its products to customers all over the world.

WSTI has been granted U.S. patents for its technology with a suite of additional patents both domestic and international in various stages of prosecution.

On September 24 WSTI announced that it has delivered a unique mobile version of its patented “SolarMill®” hybrid renewable energy device for the Indiana Department of Homeland Security (IDHS). Based on requirements set forth by the IDHS, WSTI integrated its technology into a deployable solution for an IDHS trailer providing renewable energy generation to power on-site computer and telecommunications systems.

Executive Vice President at WSTI Dan Harris commented “With the push of a button the system automatically deploys, greatly reducing the time to set up a command center and begin powering the needed equipment that serves such a critical role in any response environment.

From the last 10Q filed by WSTI it seems the Company is generating about $200,000 a quarter in sales over the past 4 quarters. They are spending at least double that on administrative expenses every quarter but their biggest expense is cost of goods sold. WSTI unfortunately is spending more on raw materials then they can sell the final product for. In any case, currently WSTI is burning through a significant amount of cash every quarter and the threat of massive dilution to fund future operations is a serious threat.

Conclusion: WSTI made a specular run right out of the gate from well under $1 to highs over $2.25 per share. After the short attack which took the stock to a low of $0.43 WSTI has never regained its initial luster and has continued to drop lower. It hit an all-time low of $0.15 and moved up over $0.20 where it has found some support.

Currently trading at a $19 million market valuation WSTI has little real fundamentals to back up this kind of valuation; longer term it may drop significantly more however over the next few months WSTI is a stock to watch, the stock traded massive volume at much higher prices on heavy promotion. Now that WSTI is trading at fraction of its previous highs and has shown some support smart investors are watching it closely for a move.

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