Replies to post #27356 on World Surveillance Group Inc (fka WSGI)

[DonG]

Although I'm much more optimistic than you are, one of your points did make me think of something that I would like brought up in the SHM.

You said,

"Do you CARE about how your stock is going to be used if GTE increases it AS? ...Maybe GTE will get into the tollbooth biz, maybe use GTE stock to purchase the Golden Gate Bridge..."

Personally, I do have a small concern that GTE would be tempted to pursue other businesses rather than concentrate fully on the five divisions/businesses they already have.

I'm not saying that I expect them to get sidetracked, but I would like this issue to be brough up at the SHM and see what Huff and the rest have to say about it.

I think GTE is engaged in very good sectors and would like them to focus all their energies on these. Chasing after another technology and/or industry would not be a good move, IMHO.

Don

[WarpCore61]

PdxLou, by track record, I was referring to the use of authorized shares to acquire technology that will benefit the company. Both Sanswire and Hotzone was purchased for far less than their potential worth to the company. Another company spent the R&D money while GTE picks up the technology for a fraction of that cost through acquisition. You are correct in stating that neither technology has to date generated any revenues, but both programs are still in development phase, and Huff has clearly stated that 2006 is the transition year to commercial phase. Have a little more patience, and give them time to make it happen. Do you really feel the Sanswire and Hotzone acquisitions were bad decisions on the part of the company?

As far as Sanswire 1 not being completed for last year's shareholders meeting, Huff explained the reason for not covering the entire airship was to allow investors to see the framework inside the skin. Perhaps you don't believe him. I do.

Of course I care how they use the increase in authorized shares, but I also know these guys know a hell of a lot more about business and technology than I do, and since they also own a great many shares themselves, I trust them to make good choices as necessary to grow this company to profitability, and given the potential of the strat... perhaps even massive profitability. Generating wealth for themselves generates it for me as well, as a shareholder.

My remark was referring to December 2006. Huff, Dumas, and others in the company have repeatedly stated that this year is when much of the company's hard work behind the scenes will be realized to the benefit of the shareholder. In my experience with GTE, I feel they have been open and honest with investors about where they are and where they want to be, and have given us enough information to allow us to make informed choices about investing. I don't expect them to reveal their entire game plan to us, as that would play right into the hands of their competitors.