Replies to post #48664 on World Surveillance Group Inc (fka WSGI)

[trunkmonk]

Nerd, I pretty much did that, but the loan was in the form of shares that I have bought several times recently.

[runandadd]

Nerd, please help me understand. I've been thinking all along that GTEL has only raised 1.1 mil since 6/30/06 from the financing news last month. But this issue with the increase in shares that you folks keep harping on, I thought that the company voted to increase the number of AUTHORIZED shares. Not necessarily ISSUEING them.

So has the company been raising additional capital all along, in addition to the 1.1mil funding deal, by selling these additional shares?

[Scion_of_Greed]

"That is unless your willing to open you wallet and loan the company money"

Isn't that the point Nerd??? In all candor for years now Globetel pre-Dumas...Dumas & post Dumas has painted a very bright picture as to Globetel's prospects and "just round the bend" profitability. Soooooooo...with so much to gain...why didn't the past and now current insiders float GTEM a loan???

Let's take Timmy: He paid himself handsomely...does he own a house? If so...why not pledge it as collateral to raise some much needed cash??? He could legally loan the company money and collect interest...even @ 12% it would represent a solid investment.

They have two sources of funding available - private equity and the issuance of more shares. Isn't it about time they risk some of their own Doe Rae Mi??? IMHO, their unwillingness to "pony up" a few million (with 65 employees, the BOD and other Friends of the Firm)speaks volumes as to their future.