Replies to post #154054 on World Surveillance Group Inc (fka WSGI)

[Renaissance]

If I remember correctly the opening "pitch" came on a golf course.

[indyjonesohio]

Ah, now you are making presumptions. I would say a majority, the vast majority of our data, came from non-WSGI employees. LOL. Glenn may or may not have many strengths but no one I know ever accuses him of over-communicating!

By nature undervalued assets are distressed. My wife works for someone who has made a fortune buying undervalued real estate. It is always messy, ugly, financially distressed, etc., etc. The reasons it has so much upside potential are the very reasons people tell you to run away from it.

You seem to get posts I make about our new Chairman of the Board confused with Glenn. Our new COB's last assignment before military retirement was as the highest ranking American officer on the NATO mission training the Afghan National Army. They didn't speak the same language, some of them hated each other's guts and most couldn't read and write. He doesn't need ideal circumstances in order to execute his mission.

Three points--severe problems are great opportunities, high risk equals high reward and don't mistake cold deliberation for passivity, impotence or incompetence (not talking about Glenn here).

[insighter]

Your post confirms my suspicions and opinion that current CEO cannot be trusted to execute and just plain should not and cannot be trusted. Just inept in terms of execution, and worse yet, has had one death spiral financing, and a very very shady sale of a major asset below his belt now? His continued tenure as CEO is likely to make the enemies and shorters of wsgi richer while people who have supported the stock and him through the years get shafted. Wsgi does not need a CEO with proven incompetence on so many levels. This is a small company struggling to survive. If Fidelity cannot afford to keep him, how can we?! Especially as the main guy to execute? Gotta be kidding me! How depressing is this situation?!

[bagelboy]

Gotcha, sorry to hear that your friend got burned so badly.It is never easy being let go from a job you have put your heart and soul into but it has happened to most of us at one time or another during our lives.How we recover from these adversities is key to going forward.My best to him.

As you know Clark and Estrella came in together and Clark immediately handed the mess to Estrella to clean up. Clark did work out the deal with the SEC to keep the company alive but I thought he could have done more, especially with the STS-111 program.

R, bagelboy