World Surveillance Group Inc (fka WSGI)

[lowtrade]

The deal with DAC is NOT the stock DAC; a Greek container shipping company. It's a newly started private company. Probably owned by the new consultants and investors.

This whole thing reads like a Shark Tank TV show episode where an activists venture capital, angle investor, takes a large stake in small to mid sized companies to turn them around to profits. I don't know if anyone has seen the show.
http://www.hulu.com/shark-tank?cmp=510&utm_source=bing&utm_medium=cpc&utm_term=Shark%20Tank%20Full%20Episodes&utm_campaign=Bing%7CTV%2BShows%7CSearch&mkwid=j0qIc1Kd&pmt=bb&pcrid=926853203

This link states the company is 2 months old.
Drone Aviation Corp
http://www.bizapedia.com/nv/DRONE-AVIATION-CORPORATION.html

IMO the angle investor bought the LTAS asset for $335k + 10 mil shares of the new private company stock. Then started a new private company to build it out. And invested in WSGI for the (SPA) of $150k, with possible future $1 mill funding under the non-binding term sheet.

Then got 15 mil shares of WSGI to become a non management/employee director and solve all WSGI business problems.