Dragni Dragnev

Windstream Technolog (OTCMKTS:WSTI) Turns Red Again

by Dragni Dragnev July 15, 2014

It was clear to anyone that's done due diligence on WSTI that the company's most recent ascent wouldn't last – just like the previous one. There are just too many red flags surrounding WSTI, and there's a limit for how long hype and hope can make investors ignore said shortcomings. Seeing as how numerous and disconcerting said shortcomings were, WSTI's quick and painful downfall was all but inevitable.

The fact that the company was targeted by a PAID pump campaign worth $900 thousand speaks volumes about WSTI in and of itself.

To top that off, WSTI management's denial that the company even knew that it was targeted by a pump can be seen as an extremely bad sign indeed. It could signify that the company's officials are either extremely disinterested in the market, and by extent - creating value for investors. Or it could mean that said management is extremely incompetent. Or both of those things.

What's even more frightening is the fact that this is not WSTI's management's first foul-up, either. It wasn't all that long ago when it became clear that the company had used falsified versions of other people's pictures as proof of its "progress" in its filings, allegedly – without the author's permission.

More current filings reveal evidence of some recent instances of toxic funding, as well as showing some rather sad and disappointing numbers in WSTI's financial sheets.

With these facts in mind, is it really any wonder that WSTI is currently crashing, and that it looks like it will continue to do so for some time?

Another OTC Markets company that was pushed up by hype and expectations and is now plummeting right back down is Crumbs Bake Shop Inc. (OTCMKTS:CRMB).

 

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