Replies to post #92864 on World Surveillance Group Inc (fka WSGI)

[ColeThornton]

"Huff turned out to be a poor manager and trusted the wrong people (Joe M.),"

Of course you have no idea, as to what else Huff did wrong, or the depth of his involvement in the charges the SEC has now brought against the company. We do know Huff led the company into the situation it finds itself in now, and the greatest loss in shareholder value in the history of the company.

"but he did have the vision to secure the two technologies (HotZone & Sanswire)"

Yes two technologies, that after years, have their own history of failure now, and have never brought a nickel of profit to the company or shareholders.

"technologies which have the potential to move this company forward...

Ah yes.... "potential", didn't Centerline have "potential", what about magic money? How about the German network or the Russian deal, didn't they all have "potential"? Isn't it easy to want to forget all the "other" wonderful things Mr. Huff brought to the company.

What an appropriate title for the legacy of what Tim Huff did to this company.... "He had Potential"

"Keep counting your chickens . . ."

You mean as in "before they are hatched". Of course, that's the "only" way you can count on anything from this company.

[Jetmek_03052]

Siriuslyrichly, may I refer you to...

Posted by: siriuslyricher
In reply to: None Date:4/1/2006 12:41:21 PM
Post #of 92897

For those who have followed this company over the past year and longer, there were some major changes made to the stratellite design last fall/summer including switching from an aluminum frame to composite material (thus increasing payload capabilities) among other things. I recall Tim Huff stating (in a video?) that some of the technology being incorporated into the strat was not even available a few years ago. I also read somewhere that Boeing engineers came on board last Fall to advise re the lifting gas technology. All of these changes really started to take off when Nasa came on board (see pr below - the formal agreement with Nasa was signed less than a year ago.)

Now, thanks to Bob Jones and his Sanswire team, GTE is testing an improved, refined stratellite. Per J. Randolph Dumas, "Our Stratellite airship - for the technically-minded among you - utilizes a state-of-the-art carbon composite frame integrated into an advanced envelope, with power generation from photo-voltaic panels attached to the envelope. Using the latest battery storage technology and electric engines to power the airship, we believe we have the ability to keep the airship aloft, and in position, for many months on end."

IMO, it's better to take the necessary time and get it right the first time(and one year is not that long). The shorts and swing traders may profit off of weak hands, but they won't get one share from me. And just watch them scramble for shares when the first high altitude flight takes place this summer.


GTEFORT LAUDERDALE, Fla.--June 13, 2005--GlobeTel Communications Corp. today announced that the company has signed a formal agreement with the National Aeronautics and Space Administration (NASA). The terms of the agreement with NASA's Dryden Flight Research Center at Edwards Air Force Base in California establish that NASA Dryden will provide assistance in GlobeTel's development and flight testing of the Stratellite, the company's high altitude Remotely Operated Airship (ROA).

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ALL the people you refer to in your post are NO LONGER with the company....

The STRAT was never flown last summer (or the summer of 2006 as you mentioned in your post) and in fact has never been flown untethered. It has been offically shipped overseas away from the prying eyes (and inquisitive minds) of most of the shareholders of record, this for "improvements" to its design.

The "NASA" agreement you referred to really never took place and was dissolved.

Your post (one of your first here on iHub) was made some 18 months ago. The Strat is no further towards its completion at this time than it was then.

These eggs just never hatched.

Now GTEM is about to change it's name and it looks as if it is going to pin all its hopes on this new TAO project.

I am not counting chickens here....but I am counting up the failed projects that GTEM is piling up. The list is a long one.

These, coupled with the many lawsuits still pending against the company....

How EXACTLY do you expect this company to move forward and GROW?

They have NO VISIBLE MONEY coming into the company. Once they burn through the Authorized Sharebase available to them.....the only recourse is to INCREASE that Sharebase.

This will create futher DILUTION and price decline.

How much more can the shareholders take???