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This pig is ready for the pit.
Never kid about beer, just need to get you guys back in town. I drive buy the EWA building almost everyday. Be nice to have Bank there also. Lots of crazy news happening here with WSGI. I was just looking at the DRNE price of a dollar. so WSGI has a $10,000,000 asset ?
Indy,
Still waiting to buy you and Drew that Beer. We can continue are plotting. hahahaha jk
wow, you guys that bought in at the .003 level making a killing.
So the 10,000,000 common shares were exchanged for 10,000,000 preferred shares? so how do we value that?
There is an 8K also
all time low and heading lower. The company has no assets (of value) and no revenues ( unless sales to the head of GTC to the Head of LGTC counts, and it does not) The POS is basically dead now.
HHHG,
At what PPS do you see the bottom or better yet, at what PPS should you or one buy shares?
TIA
what is the technical data showing? going up or down?
How low will she go?
“Same company different name... “
Ok you make this comment and then prove it to be NOT true. Brilliant
“Of course now there is more shares, more debt and they are hyping aerostats instead of paradigm shifting world changing technologies.
I think Id rather have the $5 and no sales than the penny with the sales but I understand that many WSGI shareholders look at things differently. “
“You don't have to take my word for it just ask the SEC.”
Please provide the SEC doc that states that this is the same company by a different name. I know there are references to that the name has changed. Where does it state that it is the same company. This company is now in its third attempt to make a go with the shell. First was with the crooks pushing the Stratellite/HUB and they are now in jail. Second was the HOT Zone/Stratellite which was cold as ice. The new company and completely unrelated company is selling Aerostats/Sat phone and trackers and trying to sell the Argus. Increasing revenues yes, profits no! But the losses are getting smaller.
Am I pleased with the speed that things are getting done? NO, But they are building a real company now. WSGI high was .32 I think and that was due to the name change in May where shares were really scarce four about 4 or 5 days. And yes I made money under the Huff days in that old company.
I know that you invested in AMT back in the day and may still be. That is what caused your hatred of Huff’s company. Your fear that the Strat was going to hurt your AMT investment. Move on or don’t. I don’t care. Time will tell if this company will make it or not. If not, I am sure someone new will make a new company doing something.
Cole,
When was WSGI ever at $5 a share? I do not recall that. Because if Glen and Mike got it to $5 a share, I would be retired today.
Good new out of GTC finally. we only have to wait until mid March 2014 before we get any real proof of revenues.
Hi Indy,
Yes we had lunch about a week ago and discussed a great deal about the company and the possible future. Glad to hear you are busy. hope some of the work is with WSGI issues.
Thanks Bear, I missed the EXHIBIT 10.1 . Senior moment like I said !!
EDGAR site, Thanks, I know. That is where I got the Form 3 info from. just could not find the additional shares.
Edited: Where did you find the info that it is settled?
Where did you come up with that info?
"Anthony R. Bocchichio resigned as a member of the Company’s Board of Directors and as its Chairman on September 24, 2013 as a result of contract differences"
So how long before we hear about his lawsuit demanding another +million shares to be given to him?
I found the Form 3 for his (Bocchichio) initial 5,000,000 shares but I know he has been given more than that. Maybe he is the one dumping all these shares.
Does anyone know how shares were given to Mr. Bocchichio? I've been wading thru the SEC docs but must be having a senior moment.
Indy will you be in the Herndon area anytime soon?
Maybe it is the cat that said if they were to sell the price would go sub cent. I hope so. Get what you can and get lost. I feel their pain but we are finally getting revenues and profits soon, I hope.
Really good volume this morning. i hope whoever is selling will be gone forever. close to 3 million shares in 45 minutes and no movement. LOL The ASK is at .014 and size 10,000. it has not moved. Love it
WSGI has an article out by Ann Roosevelt about the BIB. Check their website. I got a mail about it
Nothing odd about it. Looks like someone put a market buy order for 900,000(?) shares at about 10:41
News out - WSGI Engages Dian Griesel Inc..
From the 10k
"we are required to issue a number of shares of common stock in twelve (12) monthly installments equal to $31,250 "
So it is still shares being provided, all is good in Mudsville
So we have gone from giving Brio appx $375,000 of stock (based on the stock price of about .05 the original settlement date) to giving them $375,000 in cash over 12 months. Not that we need the cash. If anyone knows what additonal benefits WSGI gets with this deal, please let me know. Thanks
8k out
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
ITEM 8.01 OTHER EVENTS.
Brio Capital L.P., the holder of several warrants dating back to 2006, filed an action against the Company on March 28, 2011 in New York Supreme Court (the “Action”) for, among other things, the issuance of approximately 6.2 million shares of common stock, par value $0.00001 per share, of the Company (the “Common Stock”) upon the exercise of certain warrants. The New York Supreme Court granted a non-final Summary Judgment Order (the “Order”) in favor of Brio in December 2011 requiring the Company to issue 6,215,543 shares of Common Stock. Certain other claims relating to this Action remained outstanding.
On December 31, 2012, World Surveillance Group Inc. reached a settlement with Brio Capital, L.P. and Brio Capital Master Fund Ltd. (collectively, “Brio”) and entered into a Settlement Agreement (the “Settlement Agreement”) resolving all remaining issues in the Action, without admitting any liability or wrongdoing on the part of the Company. The Settlement Agreement was contingent on the approval by the Court pursuant to Section 3(a) (10) of the Securities Act of 1933, as amended. Notably, such Approval was granted by Order dated May 9, 2013 by the Hon. Marcy Friedman of the New York Supreme Court. As a result of the Settlement Agreement, Brio has no further rights of any kind whatsoever with respect to the Action or the above referenced warrants.
Under the terms of the Settlement Agreement, the Company is required to issue a number of shares of Common Stock in twelve monthly installments equal to $31,250 divided by the price that is the average of the closing price of the Company’s Common Stock for the last three trading days of the month immediately preceding the month in which the shares are due to be issued. Pursuant to the Section 3(a) (10) approval, the shares of Common Stock issued to Brio shall be freely tradable upon issuance. Pursuant to the Settlement Agreement, Brio agreed not to sell publicly on any trading day in excess of 25% of the daily trading volume of the Company’s Common Stock; provided, however, that such provision does not apply to sales at or more than $0.06 per share. The Settlement Agreement also contains mutual releases and requires the filing of a stipulation of discontinuance by the parties upon the final payment of shares discontinuing Brio’s Action with prejudice.
The foregoing information is a summary of the Settlement Agreement involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of the Settlement Agreement, which is attached as an exhibit to this Current Report on Form 8-K. Readers should review the Settlement Agreement for a complete understanding of the terms and conditions associated with this transaction.
SEC Form D out:
Last Name First Name Middle Name
Hess Felicia
Street Address 1 Street Address 2
State Road 405, Building M6-306A Room 1400
City State/Province/Country ZIP/PostalCode
Kennedy Space Center FLORIDA 32815
Relationship: Executive Officer X Director Promoter
Clarification of Response (if Necessary):
--------------------------------------------------------------------------------
3 Form 4's out today.
Statement of changes in beneficial ownership of securities
3 form 4's out, check the SEC site
More of a whisper - $605,000
BIB Contract
Bank,
Have a safe trip and maybe there will be good news when you get back.
Indy,
It was really good to meet you and D. Bank good to see you again. Hey Indy, If you come back in town in January, let me know. I owe you any D some drinks. Bank you are invited to. Great breakfast and excellent exchange of ideas and thoughts. Sorry I skipped out early but work was calling.
Bank and Indy,
I too will be there. I will try to get there before 7 but about 6:50 is as early as I can make it. Also I will have to leave to take a conf call at 8am. Wish I could hang out longer.
Also, I made it by the Easton area on Sunday afternoon. The "Sanswire" hangar is still present. Eastcor new building, well..... There are 2 building on that street. One has a 28000 address, 3 stories office build. The other building is 29000. It is more of a strip mall type single story office building. Has about a dozen suites. Maybe Eastcor will have a suite as the main office for business and use the old building for airship and other development.
Bank and Indy,
I have to drop a kid off at school at about 6:40. So I can be there by 7am.
Bank,
I was not able to make it. My child got sick on Thursday and was kind enough to share it with me on Friday. Feeling much better now and will try to my the trip this weekend. I think my kid is trying to prevent the trip. Yesterday she injuried her foot. Waiting for the xray results. I plan to go but will swing by the site on Sunday and will not expect to see anyone or thing. Hoping the SANSWIRE is removed from the hangar at least.
Indy,
A secure location means more than just a receptionist. Nine years in the Army in the communication field working in a truely secure location. The Eastcor building I went to last year is semi-secure. I will not publicly state any more than what I have in the past.
We can talk about it on Tuesday.
Thanks Indy, I have been back in that area several times but did not see any signs or beefed up security. That was back in the early summer. Tomorrow will be interesting.