World Surveillance Group Inc (fka WSGI)

[WarpCore61]

Well, if Globalstar doesn't secure additional financing, there won't be any February launch of their next 6 birds. Everyone is holding their breath waiting to see if the French will bite the bullet once again.

And mide, it's my understanding that the recent software "fix" wasn't for their older generation, but to fix a new problem with momentum wheels on their new generation of satellites. They got a bad batch from the manufacturer and the problem manifested itself on several of the new batch, but the software fix seems to have resolved the issue.

I decided to move completely out of my GSAT position because of the uncertainty with funding going forward, their extreme debt load, and a possible reverse split on the horizon in order to remain listed on NASDAQ following their delisting notice and rapidly expiring extension. I'll continue to watch and hope they do well, as their success helps our company, just not as a shareholder.

I'm wondering if the words in the 10-Q about anticipating aerostat revenues in 2012 will still ring true.