Replies to post #152918 on World Surveillance Group Inc (fka WSGI)

[coastiretired]

IMO, LTAS needed capital in the form of cash to survive and grow. Workers on the LTAS assembly line can't buy food with restricted shares of a declining company.

WSGI didn't meet the original cash obligations of the original purchase price or the ongoing payroll obligations so the sale was renegotiated earlier this year to an all stock purchase with the cash WSGI previously paid being reassigned to LTAS payroll owed. IMO, WSGI was still having issues coming up with enough cash to meet the payroll obligations and was lucky to end up with anything before LTAS pulled up stakes.

[be_real]

run, I don't know. It could very well mean a totally bad deal for WSGI shareholders.
JMHO We still have to wait and see. Still too many questions, imho.

Let's see what "others" think, especially (in no particular order), coasti, risk it, "copain", ColeThornton, Jetmek, etc:

"I know this is being spun and pulled in many directions, but as what's being announced and posted here it looks to be a bad deal for WSGI shareholders, no?

Why couldn't these investors invest in WSGI directly or have LTA division spun-off with some better equity ratios for us?

Was there some sort of non-performance of the contract between LTA and WSGI that enabled the LTA principals to seek this?

Run"