World Surveillance Group Inc (fka WSGI)

[owlnight]

u do understand that u buy options at the strike price......so management will often wait to after an event to happen before they buy them.....if they do it before and something goes wrong they can be out real money......iow since they all thought russian deal was going to happen.....they waited.....since it never happened they didn't lose any real money.....and once the deal died the options were underwater....thus its pointless to buy them now.....its one of the reasons i was holding thro that time....if management and cashed out their options(or sold their shares) in between the time the deal was announced and the time the deal died.....i would have left to.....that is NEVER a good sign when management does that......but they never sold.......they had orders in to sell......must have been above $4.....iow if the deal did happen i think u would have seen a bunch of sells....but it didn't......so they lost their options....and the value of the shares they owned got whacked just like everybody elses......but they would have lost even more had they actually bought the options......they risked nothing by waiting....they would have risked the purchase price if they bought them......now u understand why they didn't buy....and then they never had the opp after that.