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Rwehapi, you are right . It is scary how much the ship in the photo looks like Vern's prototype. Wow! Dejavu all over again.
Nil and Sami, thanks so much for your due diligence and plain hard work. Interesting and informative read!
Sami1327 thanks so much for the patent application. Are you saying that this was published 23 August, 2012 and we pretty much missed it til now?
Warp, you could be right on the guess about methane being used but I would guess that the aft segments would be filled with propane which is very available and cheap.To compensate for that each segment could carry a small helium bag to compensate for and provide lift to those aft segments.These Helium bags would only have to provide a few pounds of lift.
Warp, well said. One more time.. No reverse split, please..IMHO.
Indy, thanks for your explanation. Now I understand completely. I just don't completely agree with some of your judgements...BTW, what is in a kibbutz junkyard?
Indy, I don't fully understand your post. I get it that you think GS is a VC and a very smart one at that but why would you "sit at his feet" and listen to him expound when all he does is diss WSGI management every chance he gets. He obviously has issues with this company and you want to put credance in his words? What am I missing here?
Nnm, that could be. If that was true though I think I would take my house back and ask someone else to provide collateral. Lol
WW, I really don't know why he left but I doubt it had anything to do with the funding deal. Like you said he put his house up as collateral so he surely approved of the deal.
I was sad to see him leave for whatever reason. I would assume it was a BOD decision.I felt he had more to offer to this company as a leader, and visionary.Sometimes egos get in the way and everyone suffers.
I hear you guys and can't disagree but if you were the CEO trying to scrounge up working capital to keep the door open you might have accepted the JL deal yourselves.
At the time it might have been the only deal.
Securing a contract(s) is definitely the road to ascension.Pun intended..
SEC litigation release 18 Oct. LR 22513.
http://www.sec.gov/litigation/litreleases.shtml
Mide, thanks for the timeline.
You could be right, Warp. Maybe JR sold his shares. Maybe RM also sold his shares. Maybe they both sold.Maybe HW sold his shares, although I am not sure he had any shares to sell.It is just a mute point at this stage of the game.
Warp, are you placing total responsibility for the share price on management?.. and if so which management group. The first group ran the company into the ground while keeping the share price somewhat elevated by trickery and deceit for which we all paid.
The second management group which is the present group,IMO,has tried to conduct business in proper fashion.
Is the share price being influenced more by the nature of the business (military, governmantal bureaucracy, red tape, etc.) rather than poor management decisions?
If you or anyone for that matter feels it is due to poor management, can we quantify these problems?
Warp,lol, You are right.The ultimate metric is the share price.I am disappointed that is your answer,though.At one time you were so passionate about this company and you articulated it so well.
all that is past history. warp since you made the decision to post again what is your outlook going forward for wsgi.
Warp, good to see you posting again. Hope all is well with you.
Jet, OMG. I can't believe it! After all these years on the dark side you are going to be the first on your block to have a product from WSGI/GTC...I am so proud of you. Good luck with it.
Cole, thanks for replying to my little analogy but I think you missed the point of the story...Indy is right .We should be talking about things of substance.Sorry you became disillusioned. Possibly you can recover and hoping you will feel better.WSGI probably isin't for everyone. It is high risk/high reward at this point in it's development.
Cole,every time you mention "the engine of theft" I think of "the engine that could". Remember the children's story of the little engine that could.
I think I can, I think I can, I think I can! Maybe it is too simplistic for all us grown ups here but there is a lesson to be learned. WSGI , the little engine that could, is still alive, is still funded, and still thinks it can. A little optimism is a good thing.
Thanks Sami, that article puts the problem into better perspective.
Indy, you have mentioned in numerous posts " post Helium world ".
Are we in that world yet? What I mean by that is .. are LTA's now being lifted by gases other than Helium or Hydrogen?
Also is it possible to mix Hydrogen and Helium gases or do they not mix and stratify?
Kinda looks somewhat like the airship that Vern was building in California.
May he rest in peace.
Sirwolf, thanks for finding facebook pics and thanks to whoever does the FB for the company. Keep them coming and current if you could.
Congrats Dan Erdberg. great work!
Run that would be great. How about a video of it being deployed and of it being retracted back into the box? Post it on utube. It would probably go viral.
Indy, in regards short term sustainability, this may not be a money maker directly but I would develop a marketing strategy to put WSGI in the face of those that matter. Don't ask me who they are but I am sure a list could be made.
I really liked the e-mail blasts announcing the vegas show. It is a cheap way to get your message to a selected few.Use that vehicle and others to get the message out.
Thanks Pagan, I thought I read it somewhere.So Indy is this " put the Helium back in the bottle" step the proprietary part?
Indy, hmmm. I just had that idea if they could put it back in the box and then redeploy later.I guess they could just vent Helium to the atmosphere but it seems such a waste.
Indy, thanks for your input. Question: Do you know of any other system that inflates then deflates and puts the lifting gas back in the bottle? Sorta like putting the genie back in the bottle!
TIA
Indy, nice idea. I would say that you already have the ball rolling in that direction.As you can see there are many very knowledgeable people on this board who may want to participate.
However sometimes this can be an "unruly crowd".Good luck.
Indy, well said. The industry is very complex and fluid. One of WSGI's strengths, IMO, is their size (very small ) which gives them much leeway. Example (BIB). Obviously being small has it's limitations(resources and money)however you work with what you got.
indy, have you ever been up in a hot air balloon? It is
really cool. tonight one of my daughters is going to a county fair show involving hot air balloons choreographed to music.
anyway it is a fun concept to think about.
indy,no doubt Helium is in short supply. can we return
to the hot air balloon era?
Hogman, Hydrogen exists as a diatomic molecule making it much bigger than Helium which exists as an atom.
Years ago I worked in a foundry making Nickel and Cobalt based Superalloys. The alloy was melted in vacumn furnaces.We had to leak check the furnaces using Helium because Helium would pass through the smallest of leaks.After Helium leak checking and repairing all leaks we could pump the furnaces down to below 1 micron of pressure.Helium leak detection was a great tool.
Good answer Jacked. Hydrogen is a viable alternative. It has more lift and doesen't leak like helium. Let's try it. You go first.
Indy, I hear you and don't disagree but also don't you think that the present management team has been strategizing for the past two years trying to position this little upstart company in a favorable place?
In regards to your point of putting all the pieces together to make a coherent surveillance solution, possibly that is why GTC was acquired.
What is your point about Helium? What would you like to do with it ? Is their an alternative to this lifting gas?
Indy, thanks for the clarification. Yes, Eastcor has been a very good partner ( as lose as it may be ) Are we sure that the engineering for the BIB was done by them? Maybe yes, maybe no.
Concerning the construction of the BIB, I would think that WSGI would only assemble the pieces. for example, the blimp (bag) could be made by ILC Dover who are experts in such construction. I agree, these BIB's could be mass produced rather quickly but I really don't have any experience in this area.
Indy, you said "Tony and Glenn face daunting challenges like Eastcor--as we all do with them as a company." Are you saying that Eastcor presents a daunting challenge to WSGI? Am I missing something in the syntex of this statement?
Nando, thanks again for the meeting notes. Last year only water was served. This year coffee and water was served. We are moving forward one step at a time.That is a very good sign.Next year maybe bagels.
Uncle Steve, thanks for the news flash/facts but you are only about seven years too late! Can you figure out why we are still here?.....Go figure.