World Surveillance Group Inc (fka WSGI)

[WarpCore61]

Madmonks, I was hoping the statement about 2012 aerostat revenues was left in the 10-Q for a reason, even though they intentionally moved the statement about anticipating airship revenues to 2013. It appears a conscious decision was made to change one statement but not the other.

I was hoping they could improve their credibility by actually hitting a target date they elect to put out in their filings or through newsletter or verbally at the SHM. They have a terrible track record on hitting target dates, regardless of the reasons or obstacles involved.

It continues to be my hope they can start hitting some of those dates, starting with aerostat revenues in 2012, presumably from a contract of some kind. While the revenues might not show up until 2013, if we got the contract inked in 2012 and it specified a specific amount, I believe that revenue would show up as deferred revenue in the 4Q filings, and I believe such a contract would be a material event requiring public notification and an 8-K filing.