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Hell, I think I'll make him my valentine and send him a dozen roses. No wait, instead I'll buy more WSGI, I already have enough valentine commitments.
Staring at the .07 ask, sure looks good doesn't it?
Edit: Didn't even notice the .07 trades!!
A .07 close or higher would make this one of the best fun days in a long time.
Thinking of repositioning some holdings to free up some more capital for more WSGI.
ok, I'm impressed!
Barbara just got back to me. They are trying to have the resume taken down, she is amazed to what "some people" come up with
.
I agree with those that think this is fraud, illegal manipulation at the least and somebody should be charged.
A 100,000 trade at ask and SSGI, (Seton Securities Group), is still showing 5,000 on LII. ------Well, looks like the 8,700 shares traded just after that took out the .065, waddya know.
wow, 738,000 shares in 2 hours. Demand blew away that rundown.
3 sells, one big one this morning, 24 buys.
Looks like another walk down effort.
Cole, mind explaining the post Moosh made earlier?
Cole:
"Pursuant to the EIA, the Investor agreed to invest an additional $5.0 million in monthly tranches beginning on the effectiveness of a registration statement the Company will file with the Securities and Exchange Commission"
As long as these predatory financers can dump their shares it works for them. These guys allowed Brio to dump their shares and will try to do the same thing.
Amazing how this cycle is playing out just like before.
Moosh:
From the 8K
The Debenture and EIA issued pursuant to the Agreement were issued as restricted securities under an exemption provided by Regulation D, Rule 506, promulgated under the Securities Act of 1933, as amended (the "Securities Act"), and/or
Section 4(2) of the Securities Act. Pursuant to the Agreement, the Company has agreed to file a registration statement (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") covering 50,000,000 shares of Common Stock of the Company (the "Shares"), which Shares may be issuable pursuant to the Debenture and the EIA. The Shares to be issued pursuant to the Debenture and the EIA pursuant to the respective terms thereof shall be issued as restricted securities under an exemption provided by Regulation D, Rule 506, promulgated under the Securities Act and/or Section 4(2) of the Securities Act, unless the Registration Statement has been declared effective by the SEC.
Now that's classic. Turning a pr like this into a negative. REALLY?!
Eating up the ask, sentiment certainly improved with that pr.
KENNEDY SPACE CENTER, FL -- (MARKET WIRE) -- 02/07/12 -- World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air unmanned aerial vehicles ("UAVs") and related technologies, announced today that the Company has closed on a Securities Purchase Agreement with a California-based institutional investor (the "Investor") for an aggregate of $5.5 million (the "Financing"). The $500,000 initial tranche of the Financing, which was funded at the closing, was issued in connection with a Convertible Debenture due in January 2015 and an Equity Investment Agreement (the "EIA"). Pursuant to the EIA, the Investor agreed to invest an additional $5.0 million in monthly tranches beginning on the effectiveness of a registration statement the Company will file with the Securities and Exchange Commission, but not prior to 91 days following the closing. The Investor also has the right to purchase an additional $5.0 million of our common stock at an exercise price of $0.21 per share for a period of three years, for a total potential investment of $10.5 million.
The Company plans on using the proceeds of the Financing to expand the operations of both WSGI and its subsidiary, Global Telesat Corp. ("GTC"), as well as to commercialize and further market our Argus One line of UAVs. The Company expects to deploy resources to continue the Government sponsored flight testing and demonstration of our Argus One UAV in Nevada where the aircraft currently resides, inflated in a hangar. We also intend to use a portion of the proceeds from the Financing to pursue GTC contracts for the construction of satellite ground stations, as well as to expand GTC's sales and marketing efforts to both potential Government and commercial customers. The Company also expects to advance its partnership with Oklahoma State University - University Multispectral Laboratories, LLC ("UML"), to support additional technical development of our airships as well as flight testing and demonstrations at UML's Oklahoma Training Center-Unmanned Systems ("OTC-US") within the U.S. Army's Fort Sill restricted airspace. WSGI and UML recently completed certain required flight safety procedures and are in the process of finalizing a series of flight exercises in Oklahoma following the Argus One UAV flight exercises in Nevada.
WSGI Chairman of the Board Michael K. Clark stated, "I am pleased we have formed a relationship with such an established institutional partner and we look forward to growing our institutional investor base as we progress with our business plan throughout 2012. The additional financial resources now available to the Company should allow our team and partners to accelerate and continue to execute the Company's strategic plan."
WSGI President and CEO Glenn D. Estrella indicated, "With the proceeds from the Financing, in addition to commercializing and marketing our UAV airships, we intend to deploy substantial resources to accelerate our GTC product and marketing efforts. We look forward to a successful relationship with our new institutional partner and expect that with the additional resources available to us, we will be able to continue to strengthen our balance sheet and increase shareholder value."
We know they got one test result with DOD observation. Loss rate of lift gas.
Matters not what pr's or info is released, there are those that will do their utmost to twist it into a negative. WSGI could announce a paying contract and they will find a way to make it look negative.
Wasn't that long ago Sirius was $.05 too. Lot's of companies make it out of this range and soar. those polarized to the negative just cannot see the improvements, progress and potential.
Cool, this is not a private company, the DOD has lot's of hoops to jump through and layers of bureaucracy to deal with. A private company or even a government agency like the forest service are usually faster getting to a purchase.
Only for the myopic.
Pardon me but I had to take one word out of your statement:
I don't think it's wise to make an all encompassing blanket statement that this particular company with this particular management has lied to anybody. You would need to know every conversation, every statement, every email this management team has sent to everyone to know and then check the veracity of all those statements, conversations and emails to know whether your claim is accurate. Do you have that kind of access to the company?
Sheldon is all about detailed explanations, most right over Penney's head.
This is not only an R & D company, it's an R & D company up to it's neck with the DOD. NO explanations or details expected. Very basic, generic info is all an investor can expect. If investors don't like it they should take it up with the DOD. Good luck with that.
Personally, I'm satisfied we are not getting any Huff fluff. As aggravating as little info on progress can be, it's a measurement of ones patience. The Big Bang infers that this company is involved in a process which does not happen instantaneously.
The Leonards get it.
This is an R & D company, not the Big Bang Theory.
Then we can look forward to your shares on the ask in morn?
AH trades
16:01:52 .039 47,400
16:10:16 .034 400,000 shares.
edit: bunch of form t's buy and sell for about the same amount.
8 on the TDA level II
Everybody has their limits, I'm wondering what mine is before I start whining. :>)
That's what I was wondering.
"Not the same Hudson"
(Thanks for the info Pagan).
The list of common market participants does not list a HDSN, yet the ask has this MPID with 50.
Could this stand for Hudson?
I consider the difference between what was going on in the Huff days to what is going on now to be massive.
A lot higher than $9
Mel said a few years in the future they will light up 10 streams with ads for free. Most vehicles on the road will have Sirius in them - large ad revenues at that point.
Then act on your observations and short the cr*p out of it.
Then by all means, join them with all you've got.
I disagree you can see both sides of the story. You seem very slanted to one set of observations - the negative. Most investors with your observations would have sold and moved on long ago.
I believe I see both sides of the story very well.
I assume when and if they do "sell" something you will have to agree on the massive improvements and not before.
I think the shorts are getting nervous BBB
Whatever
I am an investor and I have seen massive improvements.
No it isn't. Do some honest DD.
Does anybody know what 300,000,000 shorts look like?
wow
Somebody knows something.... :>)
just thought I'd beat you guys to it. Nice to see some real sp support no matter how trivial.
Redspeed.
Accurate, astute observations and well spoken.