Replies to post #73684 on World Surveillance Group Inc (fka WSGI)

[SAMdashada]

3531niapoc, WD-40, pokestake, Axel Larator, risk_it

and anyone else . . . These are just my thoughts for you to ponder --

I believe that initially the Russian agreement was legitimate on both sides. I believe the Russians wanted the systems installed and I believe that Huffy, "initially" wanted to do the job.

I think that what happened was that, at some point, Huffy realized that, while $600,000,000 was an enormous amount of money/revenue -- it was inadequate for what he had agreed to do -- IT WAS AN ENORMOUS MONEY LOSER -- and that the agreed upon 27 month completion window was grossly inadequate, especially factoring in the infamous Russian winter.

OK, here we go . . . The cost of the pilot in Pachuca was a total of $450,000 and that was to install only 11 Hotzone "clouds" in a small city where, as per Rocky's projection, it would take somewhere between 600 to 700 Hotzone "clouds".

Even though the costs associated with the Pachuca city wide system installation will probably be appreciably lower than those initial 11 units try to extrapolate such costs for a final number and realize that Pachuca is a relatively small city.

From the company's 8-K filing with the SEC on January 6, 2006 it was stated that:

"Internafta will pay to GlobeTel a total of US$600 million in order to acquire and to install GlobeTel's wireless networks in 30 of the Russian Federation's largest cities."

Again, it is my "supposition" that Huffy was faced with the possibility of massive losses and an agreed upon time frame that he could never achieve -- notice that just the pilot in Pachuca took 6 months -- THE PILOT!!

Installation of completed, functioning systems in 30 of the Russian Federation's largest cities -- WAS A FANTASY!!!!!

As I stated earlier, these are just my thoughts for you to ponder -- happily open to any/all reasoned thoughts . . .