World Surveillance Group Inc (fka WSGI)

[insighter]

At times like these, how can we congratulate someone for getting this "debt reduction" done now (did it JUST age?) when this could and should have been done way earlier? If it is merely a case of aged debt, why didn't Glenn and Barb take care of it before?! Why did Glenn not seem to care about ramping GTC before when it could have saved us?

Is Glenn really that incompetent that he needs to pay consultants to get it done, and give up so much of our assets to the other party to get it done?

I also disagree that share value of DAC would make that huge and automatic an impact on wsgi share price. I feel that people need to see a stock stable at a certain level and fundamentals like cash flow before trusting it. Those come from real orders. If there are real orders than my thesis holds true, and wsgi would have been rewarded 10x more directly by holding on just one month. Only real money in can save the balance sheet, and do share buy backs and save this company. Won't work any other way IMO.

And Fly, it is more than legacy issues on the balance sheet that weighs it down. Currently still too much top heavy general admin costs and such on the books. Again, the only way that could have been justified is with real sales and actual money more than the costs. All IMO.