World Surveillance Group Inc (fka WSGI)

[showmebill]

OK, so we now know that WSGI has some cash flow to work with. Hopefully, this will be a precursor to obtaining contracts. One substantial contract and things should really start hopping. In any event, finding someone willing to put up $5.5M is a good thing. The extra $5M in stock warrants don't mean all that much to me right now - if the investors were really confident the stock will exceed that price, they could just buy it in the open market for much less. The warrants just give them the opportunity to share in the company's success if things really take off.

Based on my gut feel from the wording, I expect to hear something regarding GTC before Argus. It also looks like they're ready to roll at Oklahoma State once the testing is complete in Nevada. Maybe it's time to build another UAV. It would allow concurrent testing and serve as a backup in case the one in Nevada gets another hole in it. Just a thought.