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Jet, why don't you post the link?
Financials were supposed to be done on 12/3/2012, no?
Anybody been in contact with Coda regarding audited financials?
Oddly quiet here...
Oh ya, they are the real deal for sure.
But many real companies take on others products to sell and then drop them when they don't sell. I don't see EWA-GSI being anything other then an avenue to which WSGI can climb aboard but WSGI has to do all the work and produce a product(s) to boot. Still waiting for something from WSGI to get out of RD/hanger. By this time, I could of built 30 somethings myself, in my garage, that didn't pan out to be anything what with all the stock money they've received.
Agreed Warp, but indications from posters (Nil, etc.) seem to predict a R/S is in the works. I'm not assuming so much as being led to believe and believe I do. As mentioned, it sucks.
Also, I don't see this 'teaming' up PR as pure material event. It looks like anyone can go to the EWA-GSI website and request team collaboration. http://www.ewa-gsi.com/press_releases.htm#SB
I'd like to see some of the fine print.
I'm really not excited to be honest. It seems like the Bush Admin's "War on Drugs" distraction tactic. Coincidence that the PR is put out on the day the 10-Q is late and these other Forms are registered.
This long lost trust in Sanswire/GTEL/WSGI long time ago. As said before, just hoping and praying to get some or all of my original investment back.
I would be more ok losing my investment if things were legit but thy have not been over the years even with management changes (which I think is bullocks btw).
Been long for 8+ years now. A R/S would mean a HUGE loss for me. This sucks.
What's with the date that hasn't happened yet?
Lakeland, Fl. November 11, 2012
what the heck just happened?
Lighter,
Please don't be so naive.
"..nobody remains from that regime.."
I beg to differ. Look deep under the covers.
I'm not very well versed in financial details but it sure seems/feels like "the death spiral" is going on that someone posted about back in Jan/Feb right after the La Jolla deal was struck.
From the quarterly...
WSGI had revenue in the quarter ended June 30, 2012 of approximately $551,000 compared to approximately $26,000 for the quarter ended June 30, 2011, and compared to approximately $147,000 in the first quarter of 2012. The Company had a net loss from continuing operations of approximately $1.5 million, or $0.00 per share, for the quarter ending June 30, 2012, compared to a net loss of $1.4 million, or $0.01 per share, for the comparable quarter of 2011.
On June 30, 2012, the Company had total liabilities of approximately $15.8 million compared to $17.7 million at March 31, 2012, a decrease of 10.5%, principally due to the write-off in the second quarter of 2012 of aged accounts payable and accrued liabilities from the Company's discontinued operations and legacy debt balance.
WSGI's President and CEO Glenn D. Estrella stated, "We are excited by the record revenue generated by the Company in the second quarter of 2012 as a result of the success of GTC's mobile satellite solutions portal and the fulfillment of the Space Florida contract relating to the flight testing of the Argus One UAV. We are also pleased to have reduced our total outstanding liabilities by approximately $1.9 million this past quarter and we are working diligently to continue to reduce our overall debt level and strengthen our balance sheet. We are continuing to see the results of programs and strategies we put in place in 2011 and the first quarter of 2012 and look to make further progress in the quarters to come."
I don't think Clark is in it for the shares.
I don't really understand what you are saying but I am becoming more skeptical of this stock as they had a year to get ready for 'audited' financials (as mentioned by their own admission in Sept. 2011) this past qtr and try moving up a board. Now they are saying Dec. Pity really... Really like this companies products.
Has there ever been a PR on a Friday?
Ya B3, me too! It's very strange that with this last qtrly CDOC didn't move over .12. Same thing happened back in the Spring.
I think that this is just not a 'flipper' stock, so the word is not out around iHub. Hopefully as mentioned, they will get audited and then up listed as well as hire some marketing folks and get the word out. A nice big news piece on a major network would be really nice.
I was in Newport RI this summer and met a nice guy that owns the Hungry Monkey. After chatting for a bit about various things, I mentioned to him about Coda Octopus and the Echoscope. He was very interested and asked if it could help police search for a body that had gone missing and feared drowned in the ocean. I told him I wasn't sure but there was the TAP program they might look into.
Hopefully something good came out of the conversation. Stay lojng and strong.
Indy,
So what would you're price point be outside of a DoD purchase?
Also, what do you think the odds are of you or your company just calling up WSGI and saying "Hey, we want to buy one, now." Do you think they would be ready to ship in 15 days?
Still only $8780.00 worth. Not chump change to me but on the grand scheme of things pretty minor. Man I wish I had my $36,960.00 total investment in WSGI/GTEL/SANSWIRE back. I might consider dropping a $2707.50 which would equal my current shares owned. Shame on every officer of this company from beginning to now.
What concerns me more is that last year they said financial will be audited Sept. 2012 and the move up to a bigger board would already be in the works. According to the qrtly that "may" happen by Dec. 2012. Why the delay?
CDOC looking good.
ah, who sold at .11 ? Dumb
Somebody please spank this over .12!
Ha! Almost a dime!
Serious is right. So nice to have some real information, no BS in my opinion. On the surface to me, it looks like they just need to make sure they sell enough (16mil) a year to cover expenses etc. and pay off the Solidor debt. BUT, and maybe this is wishful thinking, if the stock price goes up that debt will take care of itself. (Probably what solidor is thinking, let them off the hook for 1.2mill and make 2.5+ with the shares they were given).
I'm continuing to buy baby.
Booha! Right on target!
"Expect to be fully audited by the end of the year"
We should see .12 see I expect.
tdameritrade
all other buys with other stocks have gone thru
What? I have, I have been on the ask 3 times in the last week+ and nothing has gone through.
I've been trying to buy some all week at the ask and no go.
http://www.bismarck.de/kamasutra/englisch/
Look only two years old ...
True, it is fact. imo was my figure of speech. I stand corrected thanks.
All the same company imo. I've been a shareholder since before the AMEX uplisting. Look deep inside this org. and you'll see who's been behind the curtain the whole time pulling the strings and you will all have your answer(s). Then look even deeper into the recent (2 yrs) acquisitions and mergers and you'll see who has real control. Same ole same ole.
Indy, well put; and I don't disagree with you at all! I was just like you for the first 5 years and then starting to get jaded and frustrated. We are definitely getting 'played' here by some smart savvy folks. I just hope at this point I can recoup some of my loses.
Indy,
GTC is not Sanswire, Globetel, WSGI etc. Separate entity but now under the umbrella. My point was an attempt at sarcasm; in 7 years with the money and time spent I am positive that myself and 4 other members here could of actually produced (something physical) more than 1 airship.
As a shareholder I think we need to hold the company accountable now. I supported, promoted and invested for years and have nothing but a $32000.00 loss on paper.
Dig really deep here in your DD in the present and the past of this company. There are other motives at hand.
Good luck.
Mide,
"Hard to believe"! Not hardly. In the 7+ years I've been a shareholder it's hard to believe they still exist without selling anything.
Mv
Ah ok, cool. Thanks Nil.
So..... any BIB news? Wasn't today the first day of the show?
Awful lot of crickets by the sounds...
Who was it that said "you'll get nothing and like it!"
He definitely seems like a smart guy so I imagine he has his reasons.
Their website says that 75% of outstanding shares are owned by owners, employees, friends and family. Is this true?