World Surveillance Group Inc (fka WSGI)

[coastiretired]

Indy's four option breakdown. . .

FUNDING

Not enough shares left in the till. The shares that are left to issue retail for about a tenth of a penny. Financial deals get quite a discount off that price. Add their history of not paying their bills and defaulting on even the most toxic of funders, and the shares that remain to be issued are nearly worthless. Being delinquent in their financial reporting also severely hampers funding options that are allowed.

ACQUISITION

See funding above. . .It's like being at an auction with empty pockets and all your credit cards have been cancelled.

BANKRUPTCY

Only if forced by their creditors who would be wasting their time when there is nothing left to recover.

MERGER

The possibility of a reverse merger exists IF the Company can again become current in their financials. A private company could be merged into the WSGI shell to make that company public. That wouldn't help existing shareholders as the reverse split would probably be in the 150/1 range. The SEC has also been recently cracking down on these types of mergers.

MY most likely scenario hinges on whether the Company can again become current in their financial reporting. If they become current, it will probably be due to their desire to take another private company public like we saw with DRNE and TRKK which will involve a massive reverse split. If they fail to address their financial reporting status, the SEC will eventually deregister all shares in one of their recently stepped of efforts of OTC sweeps. Either way. . .existing shareholders get screwed.

Indy may be correct about one thing though. . .with the recent exodus of management. . .the truth could always be much more "elegant" and "interesting." ;)