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RS, isn't it $725K and not $600K?
IJO
Here is what I don't get. . .why would you do a deal like this unless there was a compelling reason? IMO it is not enough to just pay the light bill at the Miami office condo or get out Friday paychecks. That is not worth any sacrifice IMO. To me even getting Mr. Honig and company out is not enough IMO.
So, if you had a compelling reason, something that would actually be positive, why would you NOT refer to it in this 8-K? Statements like "Reserved for the possibility of. . ." or something like that could work IMO. Instead, you leave out the context and stick your finger in the SHs eye IMO--for no good purpose I can see. Would it be apathy? Would it be mean spiritedness? Is it cluelessness? Does someone get to trade a tiny, tiny swing? WTF?
IMO honor demands an explanation or a resignation. You can write the Chairman care of the KSC office.
IMO, this is a replay. We will see. But if that is correct, Great Western = Macrosolve. Then, Orbital Satcom = Drone Aviation Corp. What would one expect next? JMO, reverse merger and preferred shares with 100 to 1 conversion? Big media push for new investors. . .and ???? The best predictor of future performance is past performance.
Good chart, thank you. It would be nice to see this updated. I am most curious about the last ten weeks since September 30. That is not a request, just a thank you.
LOL. Gosh, if my meeting with Bank and Gtel bothered you, you should have followed me around these past couple of years. I have made a lot more new friends among WSGI SHs. Pretending I pass insider info won't make it so though. Don't you get that is how the bad guys win? Keep the SHs from connecting together and talking.
If you really cared about the substance of the technology, you could drop by Kevin's place in J-ville and probably catch a look at some of his tethered drones anyway--the T-DAP at the very least. He used to have a standing invitation on his web site for those who called ahead. But I fear you are just about old grudges. Sorry, the technology is real it is just the share structure that sucks IMO. Doesn't that preferred share conversion option have a time limit? I thought I read that somewhere. Coasti knows I bet. Maybe that is the basis of your prognostication?
Well, Dr. Frost did put real money in. That is not saying he wasn't handed some free stock as well somewhere, that I don't know, but his one investment around .70 was real. And I console myself that Kevin has a lot of that cash for research and is pursuing it. I have followed his work on HTA tethered drones and he has made real progress even in recent months. But that is what makes it complicated--good people doing good work and tricky traders playing stock games.
In my early life I did some work that required working with some shady characters. A couple even saved my life. Some of these trader characters I wouldn't turn my back on, however. To be fair, though, Dan E has always been straight with me. And I do not excuse anyone who doesn't consistently pay their bills. LTASCorp always does in my experience. We ought to have a beer sometime when I am up in your area--I am not who/what you think I am. But to the point, you called the DRNE PPS decline and was sure you were crazy. So I give you your credit due.
Bad quotes on your part. You said "tethered aerostats" and yet you quote me saying "tethered drones" in your selections.
BTW, "HTA" means "heavier than air" which precludes an aerostat.
You are not fooling anyone with misquotes.
I hope I said "tactical" and not merely tethered. The term "tethered" would talk about a lot of the big stuff like TCOM. I usually am pretty careful about that, perhaps you could show me that post so I could correct myself? IMO this stock is not where it is because of the niche or the product. I am unhappy that people who held preferred shares did not exercise more discipline. But, then, full disclosure, I never bought DRNE. I think I may out of confidence in Kevin and his work. Thanks for helping me to look at it in a different way. I continue to have full confidence in the quality of Kevin's work.
Thank you, I do believe I will be CEO--but certainly not at WSGI--no desire and that challenge is well beyond me. And please note there are still a few ways out of this but selling aerostats is not one of them IMO. But it has been hard work trying to find a way forward. That is what shareholders deserve IMO--a way forward and not just a bitter descent to BK. They deserve other positive things but we can start there. I will let you know if we quit trying. Silence is not inactivity. IJO
LOL. WSGI telephone number--321-452-3545
I am not the Argus PIO!
Yes, "worn out" could describe the feeling. My second wind is kicking in though.
Also want to recommend a good book I have been reading:
Extending the Runway: Leadership Strategies for Venture Capitalists and Executives of Funded Companies by Dave Berkus
IMO there are many insights relevant to any positive future of WSGI. Could be any stock purchaser would want to think through the issues it outlines--especially her in Penny Land.
What we all can agree on is, after this interminably long dirth of communication, we are all waiting for news/the first communication after the drought. The bashers and fearful wait for a death pronouncement. The hopeful wait for some decent news. The bold optimists wait and hope for good news. But we are all "waiting" are we not? All agree the drought will be broken and the only question is by what and maybe, when. So, we are ALL in my opinion waiting for Godot. But, certainly we ALL believe the drought will end with bad, decent or good news--sometime. Always respectfully, IJO
Gotcha, for some time I feel I have owed you credit. You predicted "a quarter by the end of the quarter" and I couldn't believe it. I expected those who sat on the sidelines with preferred shares to exercise discipline and concern for the Hesses and common shareholders (yes, time for you to ROTFLMAO). Even some concern for Dr. Frost. . . But you called it. I tip my hat, sir! I wish you had been wrong.
Interesting list. . .you must have saved other stuff for a "good news" list. Fascinating to contrast your list with Insighter's. Waiting for Godot. . .
After so long with no news I would think one would expect "decent news" before "great news" IMO, SK. Of course, any news but bad news is welcome.
And concede the field to the pirates?! Listen I need to take some tech to the field before the holiday kicks in, wish I could stay. I am sure we will be chatting again soon. By the way, some Ihubbers want death, some want Glenn's head and some are buying. What a beautifully complex picture! Yes, yes SP is in the crapper. That speaks for itself.
Sorry for all the laughter at the death-mongers. I recognize that waiting in the dark wondering about life and death is always terrible. No insensitivity intended.
LOL. Never mistake silence for inactivity.
LOL. You think that is my job?! The real world is far more complex than that dear fellow. As I said, I am just silent for the moment. It always is painful to wait in the dark. But it isn't always death that we wait for. Such a death wish some of you have! It is a negative survival indicator, you know. Still, I will wait a little longer I think.
Yes, but that was September. Give Logon a break. He senses the opportunity for both systemic change as well as product advancement IMO. His, "next steps" IMO means he can see the possibility of new possibilities developing. The DRNE assets are real, whatever your opinion may be of their long-term potential. IMO things are not as bereft of possibilities as the naysayers pretend.
Regrettably, not at the moment. Let's wait a bit. Best regards!
I prefer the term "silence" to "disappearance" actually, Squirt. It only seems like a long time we have been waiting for Godot.
The 10-Q should answer your questions about burn rate. It does not appear to me that this dilution originates with the company selling stock out of its treasury to fund its operations. Does it appear that way to you? I understand drones--I don't understand stock trading. I will say it so you don't have to.
This is just a local article but it demonstrates that not all DRNE sales are visible other than the 10-Q:
http://www.bizjournals.com/dayton/blog/uas-dayton/2014/09/ohio-s-blimp-drone-now-with-night-vision.html
In fact, they may not be allowed to talk about some on their own. At the least the 10-Q is an objective snapshot.
Another alternative is that these shares are not being sold by the company but are Preferred share conversions coming out of the woodwork. Same potential effect IMO, of course. But, IMO, the next 10-Q will show the company sitting on some cash without an immediate need to sell shares. JMO
Lucky was the slave and Pozzo was the brutal master. Do you really see it as that dark!? IJO
Like Waiting for Godot. . .
Why do you say Wyzisk when Risk-it-Us suggested the Frost/Honig connection very early on? That is Boca/Miami money not Orlando money. This is your area more than mine so do you know of a Wyzisk/Marlin connection or something like that? As I recall this is the second time you brought up Wzsisk. Just an opinion would be appreciated.
BTW one thing I can't get out of my head is who bought the 200MM shares that have been dumped in the past six months. Can retail really absorb that? Can Market Makers slowly churning the stock down? Someone else? Some combination? Surely that but what is the mix? I don't know the answer to this but I find it curious. Perhaps it is nothing.
Look at the share structure! You need to be careful here! Do good DD. This is real technology but lot's of convertible preferred out there.
There is no such things as "effectiveness" on a stock chat room board IMO. I come here for intellectual stimulation, nothing more. I have been lucky enough to make a few friends. That is rich.
And my point about legal documents was that these folks took the step of saying things in a legal context. That is what you should hold them to IMO, not hints and rumors phished out here at Ihub town. IMO you are unlikely ever to phish out any real data about the Argus here. JMO.
Indeed, we don't know if Dr. Frost even knows about WSGI. If we cannot woo him to come help us we must certainly hope for his every success with Drone and that the path to his success with Drone is a strong SP and not some other means.
Gosh, you just accused Dr. Philip Frost, one of the most respected investors and philanthropists in Florida, maybe the country, of being part of a pump and dump scheme. IMO you are way out there. I do agree that it is a pump scheme. But I do not think their intention is to dump and run. IMO they want to build Drone Aviation into an effective, profitable and sizable company. I have been in touch with Kevin and he is working on exciting R and D with this funding. If you are so concerned for DRNE investors, please go over to the DRNE board and do your public duty and warn them explicitly about your concerns about Dr. Frost and his associates. Not many of us here are buying DRNE I think, in fact, I think there are not many of us here at the moment. That is why it would be nice if we had a more direct connection to Dr. F. For the moment let's hope he supports DRNE at a price that makes our 10MM shares more than a paper asset in 10 months. You are NOT going to convince me that Dr. Frost is one of the bad guys just because he has money and makes more of it. He gives a lot away as well.
IMO that is a silly argument, especially for a financial professional. I don't think Dr. F's philanthropy needs to be worked out on the OTC market, The share structure at DRNE is transparent to see even if the ownership is not. The DD is on EDGAR for everyone to see. Caveat emptor--let the buyer beware--that warning has stood for over 2,300 years. Read the DRNE board--the slick traders get it.
If they made a share structure that makes them even richer--good for them IMO. If they found a distressed, frightened, desperate, or greedy seller that gave them a fire sale (I don't think that is the case) they are under no obligation to inflate the purchase price IMO. And they COULD keep our 10MM shares value up for 10 more months which could bring Christmas in July 2015 for WSGI. And they may cycle around to give WSGI a face lift as well. That would be nice.
IMO "common" stock investors should be careful just like the circus mice who run around the cages of the cobras, lions and elephants. The OTC is NOT a safe price point in which to invest IMO. IMO LTASCorp was unlikely to attract $6MM+ while it was attached to WSGI. It is valid IMO for you, FBD, RW, Ins and others to raise questions about the sale and the price--especially for the next 10 months until we see if it was $1.3MM or $10.3MM. But I have no problem with the buy and the profit the new investors have already made with it. JMO.
What I do know is that Kevin is now well-funded to work on his tethered HTA drones. IMO, and what is my opinion worth really?, Kevin leads the US market on this product. As Felcia said publicly recently, all they need to do is soldier proof it and it will be ready for heavy commercialization and military sales. The next 10-Q for Drone should reveal their R and D budget--although if you back out salaries, a little money goes a long way on MAVs. Kevin has the tether technology already and the MAV parts are inexpensive.
I can think of at least two Florida MAV companies that would be ripe for Drone/Frost acquisition. Picking up the struggling start-ups with products and IP is possible if you have strong funding behind you IMO. Drone is lucky enough to occupy a nice position in the market. WSGI is lucky to hold $10MM shares IMO. I personally don't view Dr. Frost as a pirate and deem him very capable of advising and supporting Drone into market strength and healthy SP. But I have never met the man. You don't think Dr. F is a crook do you? Holy cow!
Let's not shift the focus. Your previous post doubted the Consortium's reality. I addressed that with an extant legal document. Your present post questions the Consortium's effectiveness. That is a more logical and valid concern on your part IMO.
As to work of substance, propulsion systems and payloads are about as substantial as you can get for a UAS IMO. As to progress of substance, that would need to be reported through appropriate company channels and not by a pseudonymous poster on a little read stock chat room IMO.
Dear Cole, if you are speaking of DRNE, please say so directly. Or, better yet, please go to the DRNE Ihub Board and raise your accusation/insinuation there. If not, please clarify that your comments are either "hypothetical" or are directed at WSGI. Thanks!