{"id":4818,"date":"2014-06-25T14:12:04","date_gmt":"2014-06-25T14:12:04","guid":{"rendered":"\/?p=4818"},"modified":"2014-06-25T14:12:19","modified_gmt":"2014-06-25T14:12:19","slug":"windstream-technolog-otcbbwsti-pushed-higher-by-pump","status":"publish","type":"post","link":"\/articles\/windstream-technolog-otcbbwsti-pushed-higher-by-pump\/","title":{"rendered":"WINDSTREAM TECHNOLOG (OTCBB:WSTI) Pushed Higher by Pump"},"content":{"rendered":"

\"1WSTIchart.png\"Just a few weeks ago the stock of Windstream Technolog (OTCBB:WSTI<\/a>) was completely ignored by the market and saw absolutely no trading. At the end of May the company issued a rather positive PR in which they announced that Jamaica Public Service Co., Jamaica’s National Utility company, has made another purchase order totaling $8.1 million in addition to the previous order of $14,5 million and although the news caught the attention of some investors traded volumes remained minimal.  <\/p>\n

All that changed last week when WSTI<\/a> <\/strong>became the target of a pump campaign with a disclosed budget of $900 thousand. For now the promotion is being carried out solely through a hard mailer but its effects have been profound – the stock began rapidly climbing the chart on ever increasing volumes.<\/div>\n
Yesterday it logged in a gain of another 12% and closed at $1.69. During the day it also posted its new 52-week high of $1.75. Even more impressive were the 2.2 million traded shares that are nearly four times bigger than the average for the company. With the recent surge in share price WSTI<\/a> <\/strong>now commands a market cap of $143 million but is such an impressive valuation even remotely connected with the reality of the company?<\/div>\n
Well, WSTI<\/a> <\/strong>certainly stands apart from most of the other pennystocks. The company has real operations, offers two products – the TurboMill and the SolarMill and is generating revenues. Unfortunately their financial results are that of a typical pennystock. According to the latest quarterly report WSTI<\/a> <\/strong>finished the period ending March 31 with:<\/div>\n
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