World Surveillance Group Inc (fka WSGI)

[rattlewatch]

Cole / Coastie are correct here, it appears there are two separate companies as Renaissance/ others have fleshed out thru Nevada SOS.

1) Drone aviation Corp, the non publicly traded company which purchased Ltas.

2) Drone aviation holding corp which trades as mcved at the moment.

MCVED has nothing to do with the ltas purchase, they will however be a stock holding company of drone companies, perhaps even Drone Aviation Corp or WSGI at some point. If these two companies are related, this will probably be a vehicle for investors to buy into the success of the private company as Mcved will probably hold stock of the private company. However Mcved has legacy issues with at least 3 different preferred classes of stock that convert at least 1 to 100 of common.

Drone Aviation Corp is the company that owns LTAS and mercifully they only have common outstanding as is stated in your earlier post. There are a total 200,000,000 authorized shares. 100M common and 100M preferred and wsgi has 10M common or 10% of the authorized common. Being that there are only 31M shares issued and outstanding , the Wsgi 10M represent 29% of all the shares issued.


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From your post:

"SECTION 4.03. Capital Structure. The authorized capital stock of the Parent consists of One Hundred Million (100,000,000) shares of common stock, par value $0.0001 per share, and One Hundred Million (100,000,000) shares of preferred stock, par value $0.0001 per share, of which (i) 34,100,000 shares of Parent Stock are issued and outstanding; (ii) no shares of Parent preferred stock are issued and outstanding and (iii) no shares of Parent Stock or preferred stock are held by the Parent in its treasury. Parent does not have any stock purchase warrants or stock options outstanding. No other shares of capital stock or other voting securities of the Parent are issued, reserved for issuance or outstanding. All outstanding shares of the capital stock of the Parent are, and all such shares that may be issued prior to the date hereof will be when issued, duly authorized, validly issued, fully paid and non-assessable and not subject to or issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or any similar right under any provision of the Nevada Revised Statutes, the Parent Charter, the Parent Bylaws or any Contract to which the Parent is a party or otherwise bound."

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https://nvsos.gov/sosentitysearch/corpsearch.aspx