Replies to post #80167 on World Surveillance Group Inc (fka WSGI)

[howwierd]

"There is considerably more information, but I cannot divulge it without jeopardizing my contact persons' identity."

C'mon Vern, "Damn the Torpedo's"....give it up for the greater good!! Maybe you can save some of us from financial ruin! I love you guy's who "KNOW" somebody, but are unwilling to give them up. I mean if the ships going down, who cares? SAVE US VERN!!

[mide]

Vern. This was posted by you elsewhere over a year ago..



"Lou: Not much has happened on the 10E lately. I am getting ready to take my company, Stratodyne, Inc., public within the next few months. In addition, I have been working steady on a full size mock-up of our new product as well as a 1/4 size model that will be used as a sales tool.

Stock in my company presently sells for .25 cents/share. We have just been authorized by the Nevada Secretary of State to increase the number of shares to 75 million. This we needed to do in advance of going public (IPO) onto the NASDAQ exchange. I expect the price will go to $2.00 or $3.00/share on the offering date. That is usually what happens. Supply/demand.

I want to stay away from death spiral financing. These guys give you 10 cents a share up front money and usually take 10 million shares. When the IPO goes off, they begin systematically selling off their shares. In other words, they front up $1 million in cash, get 10 million shares in return and by the time they get through selling into the IPO, the price goes down to less than 10 cents/share. They walk away with 5 or 6 million dollars and the shareholders get ripped off.

Instead, I plan to finance the IPO myself and in that fashion keep the Wall Street sharks at bay. The IPO will be quickly followed by a significant press release. We are hoping to get a large contract from FEMA very soon. If that happens sooner than expected, we will move up our IPO date and make the press release that day or the following. In doing that, we will put the screws to the short sellers as well. I've worked hard to get my company where it is today and I won't tolerate a bunch of chiselers cashing in on my hard work or our shareholders money. The smart investors actually do the same thing; they ride it up, sell high and when the stock goes back down they buy it back and pocket the profits. The hope is that it will once again go up - which it eventually does.

Enough of that. As soon as I get finished with my model and prototype work, I will spend a few weekends finishing the 10E as well as the Strombecker F-86 I started several weeks ago.

By the way, my website is still under construction, but the address is: www.stratodyne.com

Vern"

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So without the "over burdon" how have you done? With your apparent attacks on GTEM's credibility, how have they done in raising funds to move forward in the past year?

Are you a tad jealous?

Your slip is showing.

m