World Surveillance Group Inc (fka WSGI)

[nerd86]

Cole your a regular mixmaster. The statement you were dragging around:
"In the absence of continued monthly funding by its current debt holders, the Company would have insufficient funds to continue operations. There is no assurance that additional funding from the current debt holders will be available, or available on terms and conditions acceptable to the Company."

Is a more or less standard statement, called the going concern statement. It is done in many ways but the message is always the same. If we don't find funding we wont survive. Of course it is serious, in that the company hasn't defined a path for survival at the time it is written, but most companies making this statement survive. Let's get up over this and get to how they intend to survive. We don't know this and it isn't being expressed in clear terms. But then we haven't arrived at the financial statement where that information is required to be presented.