WindStream Technologies, Inc. (OTCMKTS:WSTI) Nesting At 5 Cents Per Share

[[tagnumber 0]][[tagnumber 1]]After an impressive run in the beginning of April we saw WindStream Technologies, Inc. (OTCMKTS:WSTI)’s stock reach heights of $0.361 per share. Trading also intensified and we saw an impressive increase in daily dollar volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, the ticker quickly came crashing down the charts and reach a bottom of $0.0331 on May 11. This means that investors who bought in at the top and kept their shares lost a total of 90% of their investment. It seems, however, that [[tagnumber 6]]WSTI [[tagnumber 7]]had reached bottom and the ticker recorded some pretty decent sessions lately.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This was most probably due to recent press releases as well as the anticipation of the first quarterly report of the year as it was to be seen just how profitable March was, after the announcement that it was the best month in the entire history of the company. It came on Friday and here are some of the numbers contained in it.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 15]] [[tagnumber 16]]cash: $192 thousand[[tagnumber 17]] [[tagnumber 16]]current assets: $5.02 million[[tagnumber 17]] [[tagnumber 16]]current liabilities: $10.27 million[[tagnumber 17]] [[tagnumber 16]]quarterly revenues: $968 thousand[[tagnumber 17]] [[tagnumber 16]]quarterly net loss: $987 thousand[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]On the good side of things, we see that the revenues have increased significantly compared to the same period last year. [[tagnumber 6]]WSTI [[tagnumber 7]]has also managed to cut on the cost of goods sold which was bigger than the actual revenues until now. The net loss, however, has also gone up.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In the meantime, we see that the cash positions of the company have dropped down, while the liabilities have gotten slightly bigger. A large portion of them is also in the form of convertible notes, which is never a good sign.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It seems that investors were not that impressed by these numbers as [[tagnumber 6]]WSTI [[tagnumber 7]]finished the first session of the week with no percentile movement. A lengthy letter to shareholders from yesterday, however, was enough to push the ticker 25% in the right direction and the 3.57 million shares that changed their owners generated $162 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We might very well see [[tagnumber 6]]WSTI[[tagnumber 7]] climb even higher, fueled by the letter sent to shareholders. That, however, doesn’t mean that you should skip doing your due diligence and weighing out the risks before putting any money on the line.[[tagnumber 2]]