Replies to post #92255 on World Surveillance Group Inc (fka WSGI)

[ColeThornton]

My guess is the initial reaction will be positive. But then as investors have an opportunity to go through the financials reality will set in.

As examples...

If they see there has not been one nickel of residual money from MagicMoney etc... it will look horrible.

If they see there has been absolutely no profit from NMC, when they projected there would be... it will look horrible.

If they see, the value of assets has been restated significantly lower than what the company told us they were worth... it will look horrible.

If we find out that the StrateVoIP Division, did not reach positive monthly EBITDA and double net profits every 60 days throughout the remainder of 2006... it will look horrible.

If we find out GlobeTel did not become EBITDA positive, as was the goal in the press release they issued... it will look horrible.

If we find out that while the company has "not" been paying vendors or making significant investment in projects, they were still making obscene payments to insiders... it will look horrible.

etc... etc... etc... etc... etc...

It's really an interesting situation if horrible news can actually delay what may be the inevitable.

Should be a lot of fun going through the financials...
I hope we finally get them!

[owlnight]

hmmm.....see your point.....however my experience says its down.....simply cuz it won't be good......nothing will change at the SEC.....iow the SEC won't change the delisting cuz they still not compliant.....that was peoples main concern as i read the board...remember the SEC did not give dates.....GTEM did.....if the SEC were to release an updated wells cuz of the 04 report.....then i'm with u.....but i see no reason why the SEC will do that.....once they compliant again i suspect we might get an update.......the greatest gain in share price will happen once they compliant and get off the pinks.....then the resolve of the sec issues....and that assumes there is NO mass dilution....which i don't think there will be.....thats really gonna depend on how the JV goes......GTEM needs a rev source first....then some gross profits would be nice.....they got to stop the bleeding.....or they gonna bleed to death(read dilution).....i think its why the strat is in germany.....the strat was cuzing way to much bleeding.....ie GTEM could NOT afford hanger rent.

tho lets face it who really knows.......i was totally surprised by the rebound after the wells.....as far as share price is concerned its like it never happened....so who knows maybe u are right.....once the 04 is out maybe it will drift higher......cuz yea maybe people will see that as the beginning to the end of this mess......kinda why i'm buying more now.......just buying in $500 lots.....get whatever that gets......and somewhere between 3 to 5 times......i know i will never get the bottom so i do the shot gun approach......just point in the general direction and blast buck shot everywhere.LOL

[sami1327]

That's exactly it... a "confidence factor"

As windrider pointed out and I feel as well... the last thing we want to hear is, it's over we couldn't get past the auditor

The past has been a disappointment... and we are stuck in the present (because of the past)

Once we know for sure that we are moving forward in the present with those restated financials... any part of.

Those who have lost faith and sold... might then buy back.

Because the Hotzone & Strat hold too many possilities for the future

We just need to know that we're still on our way...