lowtrade

[lowtrade]

WSGI

Posted this at their board earlier today. I doubt you'll see any major changes in stock price due to latest news. Could keep an eye on it because the 15 mil issued from WSGI is restricted, but have no idea what the restrictions are. So it is possible the angle investor may work to get his investment back selling common, if/when possible.


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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.