World Surveillance Group Inc (fka WSGI)

[owlnight]

never mind......page 21 bottom.....but it really doesn't say much other than what we kinda already knew.....this is the kinda stuff i didn't like about the 10K.....one it doesn't have the current lawsuits in it.......nor does it have what it currently owes in regards to them...iow what are the current liabilities(not the same as debt)....but then i guess that stuff goes in the more current Q's......it would appear the company is back to doing what it did before......using shares to pay bills.....would explain the higher share count....GTEM has no bank debt....for one i doubt it could even get a bank to loan it money.....it does have debt of 1 mil at 7% in convertible notes......but that can never make it go BK......can result in alot of dilution...for instance thats 70k a yr in interest.....or about 500k in shares a yr at .15......if it drops to .05.....then thats 1.5 mil shares.....note however thats only 1% of OS....so its not really a big deal......but it does start to add up......would consider the money coming in to be more important.....would like to point out that the .40 was kinda decided awhile ago.....but the fact that they decide to continue anyway does say something......iow they must think that there is some chance in getting their money back.....which means they must think it going above .40.....or there is zero point in the deal......unless i guess they need a tax write off......oh and i would like to point also.....i had orginally hoped for less than 150 mil in OS when all said and done.....looking more like 170 mil.......not bad....i can still live with that.