World Surveillance Group Inc (fka WSGI)

[WarpCore61]

I think the feeling Madmonks and myself had upon seeing this news release is one of this seeming like a step backwards in light of our expectations. The latest 10-Q stated they anticipate aerostat revenues in 2012. Another press release about a demonstration seems to indicate it will be many months before a contract is inked, according to those here with DoD contract experience.

While it's possible the anticipated revenues might be coming from someone other than DoD, I was anticipating a contract or research funding announcement, not another demonstration.

Perhaps the press release is a prelude to contract announcements, but the feeling I have now is we won't see anything until sometime in 2013. Why would they be doing another DoD demo if contracts with DoD were close to being announced?

That is just my gut feeling. Anyone wanting to educate me on the possibilities I'm overlooking, please feel free to do so.