World Surveillance Group Inc (fka WSGI)

[rattlewatch]

Sounds right, have been in a few shells in the past. Thought the value is around $400-$500K ,like you're saying,and they usually do reverse split them to clobber the existing holders , but not always. Spea is the classic case of a few millionaires made on a reverse merger, when Elvis memorabilia reverse merged into that shell, won't see that again.

Just to clarify, we're speaking about the ltas spinout to drne not anything to do with wsgi, my post is confusing. There were a few companies that would clean up the shells , one of them is Belmont Partners from memory.

Point is, like Trashboy points out, if the article is true about countersuits one of them at $450K possibly, plus the value of all the shares going to the old preferred holders. Then why merge with drne to begin with, it's cheaper to get a clean one elsewhere. Wouldn't surprise me if the article is correct.