Replies to post #151631 on World Surveillance Group Inc (fka WSGI)

[Renaissance]

http://biz.yahoo.com/e/140508/mcved10-q.html

"Drone Aviation Holding Corp. ("Drone Aviation," "we," "us," or the "Company") is a Nevada corporation formed on April 17, 2014 as a wholly owned subsidiary of MacroSolve, Inc., an Oklahoma corporation ("MacroSolve"). As discussed in detail below under "Recent Developments", effective April 30, 2014, MacroSolve merged with and into Drone Aviation, with Drone Aviation as the surviving entity, for purposes of moving the Company's state of incorporation from Oklahoma to Nevada (the "Redomestication"). Any references to "Drone Aviation," "we," "us," or the "Company" or any similar references relating to periods before the Redomestication shall be construed as references to MacroSolve, being the previous parent company of Drone Aviation."

" Change in Management

On April 17, 2014, Mr. James C. McGill resigned as Chief Executive Officer, and President of the Company as well as his position serving on the Company's Board of Directors. Also on April 17, 2014, Messrs. David Humphrey and John Clerico resigned their positions serving on the Company's Board of Directors. Effective April 17, 2014, the Company appointed Michael Haas to serve as the Company's interim President and to serve on the Company's Board of Directors. The Company agreed to pay Mr. Haas $2,500 a month for his services."

MR Haas?

"On April 29, 2014, prior to the Redomestication, Macrosolve sold an aggregate of $120,000 of its preferred stock to an accredited investor. Pursuant to the Subscription Agreement, upon consummation of the Redomestication, the Company would designate 355,000 shares of preferred stock, $0.0001 par value per share, as Series C Convertible Preferred Stock. On May 1, 2014, subsequent to consummation of the Redomestication, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series C Convertible Preferred Stock with the Secretary of State of the State of Nevada and issued the shares to the investor."

[be_real]

Ren, two things: One, since they're are a private company, who can know that except them, unless they've filed share "documents" with the SEC. Two, IF WSGI holds a large percentage of the stock in that company, be it a public or in this case, a private company, they nevertheless have to disclose that to its (WSGI's) shareholders.
JMHO

I'm not saying, i'm asking. Just thinking out loud.