World Surveillance Group Inc (fka WSGI)

[rwehapi2003]

We don't know the size of this contract, wait..did I just write "contract"? Yes - they said "contract" not "letter of intent". There's a word we have not associated with WSGI in a long time - not since Space Florida.

So where are they going to get the dough to build these devices and customize the software. I wonder when the delivery date is due? They probably need funds to get all this going and that leaves them dipping into the 500K from LJ, the previously mentioned increase in business from GTC, or the 250K per month tranches from LJ. Regardless, this unknown US agency would probably not sign a contract without vetting WSGI as a supplier that has the finances to support their operations - I hope.

I am hoping that it is the tranches that will be starting and that will confirm the value of LJ and their mutual confidence in WSGI. Interesting how this is timed within a week of when LJ can elect to release some funds. I don't think it is by coincidence.

My rose colored glasses say that MC and company have been incubating this plan for a long time. He put up a lot of cash and some real estate to get the ball rolling. His investment background set the stage for WSGI to start operating on it's own and now he can leave it within capable hands as he rides off with 23M shares to work on his next venture.

The next few weeks should enlighten us some more with the Q due soon and any telling activity from LJ.