I am going to answer you with two points (but don't hold your breath for my next reply because my day is already collapsing with some India emails that are NOT WSGI related, I have run out of week before I have run out of work)--
1. In 2012 at a pizza shop in Dayton, Ohio, the CEO of EWA asked Drew and I to help WSGI if we could. I think that was because Tony had just taken over as COB and there were personal connections. I am pretty sure the net financial effect of that help as been a financial loss for EWA, Trident and me personally. Not big enough to whine about but still keeping the activity in the "help" and not profit category. EWA came back from the brink to great success and they do try to help other small companies as a point of culture. Their net effect on Trident and now Demeter has been positive. But, really, I am still around because WSGI is in my "help" column.
2. Personally, I am trying NOT to add to the demise of WSGI. Demeter's care of the Argus was in that "help" category. For the moment, our "absorbing" seems to be of the UAS side of Trident Aerial Recon which includes Trident's role on the consortium. I have been told TAR is closing so that is why I presume the GTC-USA management contract will move to Trident Group, Limited, a company from which I now am separated. So maybe we could say Drew is absorbing that GTC-USA management contract (I don't know this for sure), although the assets like the appliques for example stay with WSGI. David once told me they are worth about $900K each although that may be $450K since there is a backup at each location. Plus WSGI has TRKK stock no one is absorbing to my knowledge. And I have never fully understood the expiration date of the carry over nine figure accounting loss. All the paperwork I see continually affirms WSGI's sole ownership of the Argus and that gives them full veto power of the Consortium.
So, if intentions matter, my intention is NOT to be another pirate plundering WSGI. I do sometimes fear child services will show up and say dad moved to Brazil and I am stuck with custody of the baby. Our attorney however says a receiver is more likely if things go south and they are usually responsible people. I have no indication from WSGI anything is headed that way.
Just wanted to clarify history and intentions. For what it is worth (absolutely nothing except as part of a social media conversation).
I would benefit, however, if some folks here speculated about certain real questions--
1. Gotcha and others say there seems to be a SP price floor--is there? Why? How?
2. Glenn is the last Director standing--what does that mean in Delaware law?
3. I was looking at my calendar and had a week blocked off for SH meeting. But I had to clear it. No 10-K, no notice to SHs, no SH meeting, right?
Help is defined by those who receive it and not those who offer it. At the moment, the only thing I know I am doing to try to help is trying to redo the Consortium agreement with Demeter and/or designated subsidiary(-ies) replacing TAR. That is consistent with the transfer of all TAR's research projects to Demeter.
Now don't hold your breath until you hear from me again--I have a full couple of days ahead. But I continue to root for WSGI's success and not our failure.
