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Good point
I believe that your suggestion is one thing huff did that made the sec not happy. If I remember correctly the allegation was he orchestrated a loan to the company using shares as collateral. He intentionally defaulted making the transaction a defacto unregistered sale of securities. Oh yeah, the company that ended up with the shares was owned and controlled by him and sold the lot on unexpected uptic in share price on good news from the company.
Insighter- those guys were the real bad guys
Do you have any suggestions or just complaints? Who do you want as the new CEO?
If you don't mind me asking, when is it you bought in?
I'm not pro or con on the move. I'm wait and see, not hysterical. I have no affiliations with any of the parties involved. But as I have said, I personally know plenty of people with skin in the game.
DAHC created DAC and registered it in Nevada with 2 stated purposes 1 after the merger DAHC would be registers in Nevada instead of where ever they were and 2 DAHC then shareholders took a 50-1 reverse. Subsidiaries are used all the time. Why is that such a sticking point for you?
Either way, how about you plug in the crystal ball and tell us when he argus demos are going to happen? Thanks in advance.
While the bib is a great product I believe the value of ltas is based on potential. There is not an investor in the world that would have done the deal on the terms you suggest IMO. WSGI certainly did not buy ltas for anything close to that for essentially the same product lineup.
We are still in the middle of the process. Lets see what the end result is before you start suggesting jail cells.
I was trying to get a better idea of your perspective for the premises you use to arrive at your conclusions so I went back and read your first post. I think everyone on this board should read it again.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92621540
Did you use a crystal ball? Voodoo? Was it just Insighter information? Pun intended.
The company did almost everything you suggested and now you are mad because you think there may be more dilution than you expected (which we still are unsure of what the 10mm shares will get us in the end).
Quick edit: some of the things you suggested would have resulted in fraudulent transfers and could have been attacked by creditors of wsgi so they had to go about it in a more elegant way.
Thanks. I'm glad we can start over. The only thing I disagree with, respectfully, is " Imo we can't change the past, but we can change the future. " the past is still a very large issue. We are still dealing with bashers from 10+ years bringing up things from the past continually trying to influence the stock in a further negative direction . The current(ish) admin has been dealing with legacy debt, legal issues, past employees, "dark forces" or "shadows" (as some put it), etc. IMHO this has been as big of a challenge as has growing the business. LTAS was a very recent purchase for WSGI in the big picture. Whether they are protecting assets or doing something to secure quality financing, or both, I am willing to wait and see. From my personal experience the current people involved with company would not perpetuate a fraud (that includes Indy too).
I saw Indy's post and as a gesture I took you off ignore. My apologies. I think we developed an inaccurate view of each other. I have publicly posted in the past that when Glenn and Clark came aboard my boss at the time asked me to do a significant amount of dd on the company. I know many people invested in this company both large and small fish. I root for investors and try to correct some of the inaccuracies, half truths and omissions of the bashers. Hope that clears some things up.
I think I'm on record as wait and see. We have never had any personal issues. Lets keep it friendly despite your change in outlook of this company.
Sorry about that. One earlier today was and then was reinstated the same time I posted my rant. You can delete all of those if you like.
Now I think we are closer. Current(ish) management came to an agreement with the SEC related to actions of others that were no longer with the company. IMO, one of the reasons the SEC settled was because everyone but DE was purged.
That was a good one.
You have not answered anything. Anyone can make an allegation against anyone (or anything) else. It does not mean a single thing unless the allegations are proven correct. The company settled with the SEC without any finding of proof against the company. The bad actors pled guilty and served their time. The company was being watched closely by the SEC per agreement. That time is up and the SEC found nothing else wrong at the company during this time of enhanced review. So without producing that document you claim proves the company was a scam, then no, I have no need to answer your question.
Deflect yet again. You quote an allegation that was never proven. Your memory obviously has failed you this time.
Seriously? What is your problem? You have no problem shooting off at the keyboard with wild and unsubstantiated claims but you delete everyone of my posts that is slightly critical of you. How on earth did you get to be a mod?
"Google some of the names with "sanswire"..you'll laugh your arse off. Take note of the dates and claims."
bahahahahahahahah. That requires he actually do some DD. Now that is funny.
Cole, its been several years now and you still have not produced the document to back up your statement "SEC proved it to be." There was no "proof" of anything against the company, just the bad actors.
new article on nie 14.2
http://www.army.mil/article/127179/Marines__Soldiers_test_new_blue_force_tracking_system_at_NIE_14_2/
"The main focus of NIE 14.2 was the follow-on tests for the HMS Manpack radio, JBC-P and the Unmanned Aerial System-Tactical Common Data Link/Universal Ground Station, as well as an operational test for the smartphone-like Nett Warrior system. "
" A stock that used to trade millions of dallars a day and has lost over a half billion in shareholder value". You must have been close with huff. Now that he is out you can start silliness again with him.
Thanks for the reply. Not the same guy. As for mide, I think he sold out and moved on. He said he would go quietly.
Thanks for saying what you did. It is a long process to dig this up out of true Indy jones cinematic proportions. I can understand the silence with west aboard. I've been busy today but I will dig deeper as time permits.
Edit: "your my boy blue"
" flaccid floating phallic flop." That's a mouthfull...
"try to get them to work in a "paradigm shifting" for old times sake"
Use English much? And yes, I'm critiquing horrible gramer. If you use sentences we can understand it might make your argument more persuasive.
Just mad wsgi makes basher some angry people's shorters and stuff. And you can quote me. Edit: have you even read any Kuhn?
Now you have just confused me. What is bad about doing real DD and meeting with and interviewing people currently and formerly associated with the company. I look for the good along with the bad.
I believe each placement was properly registered when they were completed, as required. I'm more curious about the meeting. I believe I have met the "shill" you mentioned. But he was not the one that approached me.
Gotcha, I'm not sure why your post was deleted. I was going to ask you if you had specifics. I was approached but never in a way that violated any rules.
No and there is a layer of protection with a lockup period. Rule 144, I think.
There is a regulation preventing them from advertising to the general public.
If can only be offered to qualified investors. It is based on net worth and income regulations.
I understand the context of your bashing post and I'm not proofing anything. To double cross means that one was first crossed. That is a completely false accusation and absurd. So how did the shareholders cross management? Don't dodge the question.
How is it the shareholders crossed any of the management teams?
" They just double crossed shareholders once again, it's nothing new. "
Or is English your second language and you just don't understand what you say?
Sorry I did not respond the first time you asked. I have not had an opportunity to read the amended complaint or renewed motion to dismiss. In general, yes it is routine for the second motion to dismiss. They are going to keep chipping away at as many claims as they can until the judge either dismisses the whole thing with prejudice or makes LJC answer to the claims that are left after this motion practice. I have not changed my opinion that it is hard to have an informed opinion until actual evidence is filed in the case.
Quick update. When they eventually answer the claims they will more than likely file a counterclaim with with the same thing wsgi has: allegations. Expect bashers to take it all as fact. Wsgi will then get to file its motions to dismiss, etc. then we will get to the real action.
To prevent an uproar, you might want to specify what demo you just mentioned.
No. He read one article on the bib and decided to go all in. No DD. You should check out his posts on other boards. That's exactly what he does, gets it wrong and then complains and threatens lawsuits.
The attorneys representing wsgi in the LJC case is a matter of public record.
A while back the company mentioned a share buy back program the 1mm financing and these share prices could go a long way reducing the float.