Replies to post #44480 on World Surveillance Group Inc (fka WSGI)

[Jetmek_03052]

Danielle, I apologize in advance for this but

I am very amused by your post....

Business development? MMmmm.....GTE has very little of that, IMO. As far as I can see, what they have developed is a business that sells it's product at very slim margins that cannot sustain the business. They continue to pay for salaries, expansion and consultants with shares or share options. This takes away from shareholder value.

Sales? Plenty of income, but no profit from that income. Still a red bottom line. What little profit SOME divisions of GTE are making isn't enough to even pay the overhead.

Superb Execution on projects and initiatives? Puh-lease! Where is the execution? Could you point out one project that they have started (communications wise) where any successful tests have lead to any sales of systems? You can't count he German system because it hasn't even been rolled out yet! Count it when they announce it is up, running and purchased, with the MONEY in the till!

GTE has been in business for years. They have been promising greatness for YEARS.

At the end of the day, investors invest in a business to make money from a rise in the stock price.

All their promises have caught up with them.

GTE will have a hard row of it from now on.

Just my opinion.

[3531niapoc]

The institutions were a large part of your book too until they started dropping. It seems to me that your book has a convenient "edit" button that allows you to be right all the time.