{"id":4919,"date":"2014-10-22T12:43:53","date_gmt":"2014-10-22T12:43:53","guid":{"rendered":"\/?p=4919"},"modified":"2014-10-22T12:44:24","modified_gmt":"2014-10-22T12:44:24","slug":"windstream-technology-corp-otcbbwsti-continues-down-2","status":"publish","type":"post","link":"\/articles\/windstream-technology-corp-otcbbwsti-continues-down-2\/","title":{"rendered":"Windstream Technology Corp. (OTCBB:WSTI) Continues Down"},"content":{"rendered":"\n

Windstream Technology Corp. (OTCBB:WSTI<\/a>) had risen all the way up to a whooping $2.07 at its peak five days ago, driven up by a rather expensive paid pump. Now, exactly a week later, the company has lost approximately 73% of its market cap, and is still headed down, hard. <\/p>\n

WSTI<\/a> <\/strong>had been struggling to reach the $1 mark for some time before the pumpers got to work. It only began to soar when potential investors were bombarded with $900 thousand worth of promotional brochures. That certainly got the traders’ attention, and for a while the ticker was pulled out from obscurity, but everyone knew that this ascent couldn’t last long. Pump jumps never retain their gains. A crash was inevitable, and the disturbing facts that started popping up once investors actually did some due diligence on WSTI<\/a> <\/strong>only served to speed up the process.<\/p>\n

Disturbing facts, like the fact that the company uses falsified versions of other people’s photos in its reports. Or the fact that it denied even KNOWING that it is being pumped by “The Wall Street Revelator” – in an official 8-K filing, no less! Claiming to be disassociated with the pumper is one thing, but claiming complete and utter ignorance is really something else. And that’s just scratching the tip of the iceberg.<\/p>\n

<\/object> <\/p>\n

Some in-depth research of WSTI<\/a>‘s <\/strong>filings with the SEC reveals a multitude of serious red flags. For instance, during Q1 of 2014, WSTI<\/a> <\/strong>has issued a ton of shares as a conversion of debt at a rate of a quarter per share. That’s not the only instance of extremely toxic funding that can be found in the company’s filings – not by a long shot. Back in 2008 15 MILLION shares of WSTI<\/a> <\/strong>common stock were sold in return for $10 thousand. Converting at $0.0006 per share is usually a move toxic enough to make most investors recoil, and it seems the market is just remembering that WSTI<\/a> <\/strong>has been and is still prone to similar actions.<\/p>\n

With all of this in mind, is it really all that surprising that WSTI<\/a> <\/strong>started tumbling down to the bottom of the charts and has accelerated its fall yesterday? The way things are going, the company could be headed below the $0.50 mark before long – perhaps even today.<\/p>\n

Another OTC company that crashed horribly after a big pump is Virtus Oil and Gas Corp. f.k.a Curry Gold Corp. (OTCBB:VOIL<\/a>), who fell 32.37% yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"

Windstream Technology Corp. (OTCBB:WSTI) had risen all the way up to a whooping $2.07 at its peak five days ago, driven up by a rather expensive paid pump. Now, exactly a week later, the...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1440,1431],"class_list":["post-4919","post","type-post","status-publish","format-standard","hentry","category-news","tag-voil","tag-wsti"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4919"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4919\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}