Windstream Technolog (OTCMKTS:WSTI) Keeps Declining

[[tagnumber 0]][[tagnumber 1]]After an impressive run in the start of April we saw the performance of Windstream Technolog (OTCMKTS:WSTI) rapidly decline. The daily volumes also increased which just strengthened the fall of the company stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But it couldn’t be any other way. After all, the heights from the beginning of April were pretty hard to sustain, especially when the numbers in the company’s balance sheet aren’t impressive. Here is what [[tagnumber 6]]WSTI [[tagnumber 7]]had to show at the end of March.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $192 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $4.7 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $10.2 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $968 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $987 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while these numbers aren’t very comforting, there are far bigger red flags surrounding [[tagnumber 6]]WSTI[[tagnumber 7]]. The report covering the period ended March indicated that the company has around $3.5 million in convertible notes payable. A further $200 thousand worth of notes were sold in April.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the fact that [[tagnumber 6]]WSTI’s [[tagnumber 7]]authorized share count is [[tagnumber 6]]UNLIMITED[[tagnumber 7]] we can only wonder at the scale of dilution that is possible. There is also a lack of news coming from company HQ recently. The latest press release was a letter to shareholders issued on May 19 which only managed to provide two sessions in the green for [[tagnumber 6]]WSTI[[tagnumber 7]].[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday the ticker fell once again, losing 10% of its value and closing the session with a price of $0.036. A total of 3.25 million shares changed their owners and generated $109 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]WSTI [[tagnumber 7]]is approaching the price at which it rebounded earlier this month so we might see some green sessions if any positive news come from the company. Still, this doesn’t seem like happening this week so be sure to do your due diligence and weigh out the risks before making any trades.[[tagnumber 2]]