Replies to post #45268 on World Surveillance Group Inc (fka WSGI)

[griff100]

Squirt....I don't know about BK laws, but I closely follow BK stocks...any I can find. BK might not be a bad thing for a company, but it's the worst thing for a stockholder. That is if you hold your shares until they emerge from BK. 99% of the time shareholders are left holding the bag with NOTHING.
The emerging co issues new shares to be sold, past shareholders ger NONE!

[ColeThornton]

It is time for "more" debt. The problem is the last round was very expensive, 7% and shares at 37¢. Although isn't it ironic that the 37¢ all of a sudden doesn't seem as bad as it was at the time. After so many institutions had been burned, this latest investor thought they had put together a deal that made sense, AND LOOK WHERE THEY ARE AT NOW! There options are at 37¢, they loaned money to a company that is losing money and running out of cash. It looks like Huff may have pulled one, once again, on the "big" investors. Is this the last? Will the "smart" money ever, make the GTE mistake again? Will these guys get their's back at the expense of the little guys, with their naked shorting?

One thing is for sure, GTE is quickly running out of options.