World Surveillance Group Inc (fka WSGI)

[Madmonks]

I'd also like to clarify a few things.

I was telling Warp that I thought he made a good decision about dumping his GSAT shares purely from an investment-risk standpoint. That doesn't mean Globalstar won't be wildly successful. It just means I wouldn't invest given the risks. If the company fails, it's true that the satellite network would probably survive under different ownership, but common shareholders would likely be out of luck.

As for the GTC agreements, my guess is that the agreements may need to be renegotiated (I would speculate that it's up to a bankruptcy judge). But if these appliqués are as important as they appear, then I would think new ownership would want to offer GTC an attractive enough offer to remain a partner.

Indy, ever since you became a shareholder and started posting on this board, you've been a realist. That's probably the characteristic I appreciate most about you. And it's the characteristic most lacking among management. I think Clark, Estrella and Phipps are all guilty of misleading shareholders about WSGI/GTC's plans, strategy and time-tables. No excuses. Hulo is on the Board and should have been advising them about the pitfalls of DoD procurement. I'm very happy that Clark is gone. Bocchichio is a huge upgrade at the Chairman position IMO.

When you say there was "buzz" about the BiB in DC last week, what exactly do you mean? I'm curious about where this "buzz" was coming from.