Replies to post #154795 on World Surveillance Group Inc (fka WSGI)

[flybyday]

Are you implying Bank after development, sales of Fort Polk bibs, Ohio sales, NIE exercises, multiple demonstrations, sustainability contracts, we should have sold for the same price we paid for LTA? The price we paid is immaterial IMO the value of the company is all that matters. Right now we have a .004 WSGI for our efforts which is a pittance as was the 350k Glenn managed to spend quickly while putting no proceeds to date into the Argus.

[insighter]

I don't know. Do you?

However I do know that that was what wsgi was working on- sales, tests, talks with the military for 3 years. So LTAS was the engineering arm of this effort. That was my perception. So the inflection was the sales inroads into the military and the tests, etc which I thought came from WSGI coffers....

In any case, as a private company, LTAS could have sold itself for a dollar if they wanted. It was solely up to them. However, as a PUBLIC company, I feel that wsgi's sale PROCESS of it's prime asset at the time (since ALL efforts were geared towards the wasp and the bib) left much to be desired.

When wsgi bought LTAS, I believe it had entered Fort Polk for testing, but not yet into the NIE testing. Since the purchase into WSGI, and prior to the sale to DAC, there had been 3 further "inflection points" (value increasing milestones) : the clearance of 2 NIE tests, and also entrance into the commercial market via Trident.

Very poorly done, and for a sack of beans which we are not sure are magic ones or rotten ones.