World Surveillance Group Inc (fka WSGI)

[JackedOnCaffeine]

A business model is profitable only if there are revenues flowing in which actually generate profits.

GTC lost many of their customers and the associated revenue streams as a result of Globalstar's deteriorating service. The current GTC revenue stream is a small fraction of what it was during the previous 8 years, based on the claims made by the company when GTC was acquired, and the reported GTC revenues since the acquisition.

I don't care how much has been invested in GTC/Globalstar. That does not make it profitable, any more than Clark's reported $2M investment in WSGI makes the company profitable. Certainly the potential is there, and GTC may prove to be profitable again given the return in reliability in Globalstar's new satellite network. But it hasn't happened yet.

The current business model is not currently profitable, and is a far cry from "highly profitable".