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rwehapi2003

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rwehapi2003

Re: None

Sunday, 05/11/2014 9:11:12 PM

Sunday, May 11, 2014 9:11:12 PM

Post# of 157299
does anyone have thoughts on the possibility that WSGI could be preparing to turn out the lights?

They mention the legacy issues and we know there are millions in liabilities. They put Argus in the consortium and also got rid of LTAS. The only thing they have with revenue is GTC, but Phipps can easily transition business to the UK.

If they restructure through BK (7? or 11?), have they positioned and protected the assets with these latest moves? We always see that "going concern" line in the filings, we are a "risky" pink sheet stock now. It would be crappy, but they could wipe out the common shareholder without much recourse - could they not?

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