Replies to post #22012 on World Surveillance Group Inc (fka WSGI)

[straightup]

Not a bad idea Jim....they have 300 million now right. Well do 10 or 12 cities...show them what you can do then add the remainder after half of the network is up and running and generating revenues from the JV. Then banks would be more apt to agree to additional capital when they have a tangable network in which to invest in. Like going to a bank for a mortgage when you already own the land in which you want to build on...much easier of a process when have this upfront.

[ken w]

JimProfit: It appears that the Russians changed the financing rules from what was originally understood by GTE and got the banks involved. So, in a way it appears the change in financing was brought about on the Russian end. This now seems to be a game of wills and bravado. When you say to someone I'm ready to walk away on Monday, then on Tuesday you say but I am willing to stay, then you have negated your previous position. JMO ken w