Replies to post #68592 on World Surveillance Group Inc (fka WSGI)

[nerd86]

Verne like it or not it is done all the time. Cisco the king of acquisitions picks a value based upon multiple CPA value assumptions, it certainly isn't rocket science but future prospects are included.

[followinsnsr]

Vern, in a formal investigation the SEC has to give a reason to get it's foot in the door. The formal investigation is no easy task to close as it has to be signed off in Washington. It also means anything could be investigated.
"While the SEC staff, as a matter of practice, never identifies the "targets" of an investigation, every effort should be made to determine the investigation's nature and the corporation's role in it. The SEC staff handling the investigation should be asked to provide whatever information they are willing to share. Because a formal order of investigation describes an investigation in general terms, a copy of this order should be obtained as soon as possible."
Good read:
http://www.allbusiness.com/finance-insurance/288977-1.html

[eqbeck]

Reasonable Vern, but the SEC checking intangibles would see 2 things...evaluated at a little under 10 million and done by an outside independant evaluation. The JV as previously mentioned has put Hotzone to rest $7+ million valuation if my memory serves(go through the financials if someone is concerned about pennys)...Sanswire was 2, 2 1/2 mill evaluated intangible, but Vern, you would know this of course.

Being as how we are plus or minus a $40 mill market cap today with $80+ mill in revs(9 months old info), I suppose they could say intangibles' amount to 25% of our value. But that's assuming the market valuation isn't based on manipulation and fraud on the part of traders. Still on the SHO, so counterfeiting via unregulated securities is a fact that cannot be falsified and is the only current and verifiable fact.

[Axel Larator]

Vern, buying an empty shell for two and a half mil. is always worth an investigation.

[Danielle-]

It is called GAAP, i.e., Generally Accepted Accounting Principles

http://eventuring.kauffman.org/eShip/appmanager/eVenturing/eVenturingDesktop?_nfpb=true&_pageLab...