Replies to post #76140 on World Surveillance Group Inc (fka WSGI)

[justfrank]

hmmmm... that one guy must have been paid well since expenxes were $2.4 million in 2005.

BTW they bought those minutes for $80.7 million and sold them for $81.1 in 2005.

[nerd86]

newman overhead was indeed low. There was five folks employed by Centerline. The rest of the money went to the telcos to pay for the minutes to be used. That, of course, is a direct expense not overhead. That explains why the gross profit is so slim.

[Scion_of_Greed]

Nerd, it was by any analysis a joke. Huff knew they couldn't turn a buck hacking wholesale. It was, in fact - manufactured revenues to pacify the passive but rabid shareholders Indeed they paid for these zero return assets. Don't kid yourself if you think they thought they could make a buck as a C Tier wholesaler.