Replies to post #152616 on World Surveillance Group Inc (fka WSGI)

[runandadd]

Fair point. Sometimes you have to give up control to raise capital. Happens all the time.

[insighter]

So you agree with the sale at $335k for 70% and likely further dilution?!!
Do the math. A sale of just 5 units would have brought at least $1.5m to our bottom line and the much needed capital. And a likely jump in share price. Not to mention what I believe are bigger orders from NIE or other avenues.

What would a sale of 5 units get you with this new config?!! Maybe if you are lucky, a tenth of the impact.

This is cruel joke on shareholders of the company and you know it. If you think management truly believes this is better for the company, then I highly recommend remedial math lessons for them and the board.

You know how little girls work themselves into a frenzy in the presence of some crush or pop star? Maybe our boy was so overwhelmed and in awe by these "honorable"(?!) people, that his mind went blank, his palms grew sweaty and his heart went pitter pat and he swooned and signed over the most shitty deal of the century. One wonders why he didn't sign over his own house and belongings instead of signing over shareholders assets that he had fiduciary duty to protect.

[3531niapoc]

I wonder how many of those they would have to sell to affect the share price, taking into consideration the cost of production, and then calculate he NET profit percentage that goes to WSGI, plus the salary and other expenses on the WSGI end. I'm not counting the millions in debt plus lawsuits and so on.
Maybe they have other contractors like Indy's company that work for free.