Replies to post #120195 on World Surveillance Group Inc (fka WSGI)

[Jetmek_03052]

Pokestake,

Great post. No one here wants to admit that this company continues to fund operations NOT THROUGH PRODUCT, but on the backs of shareholders.

They continue to sell shares and when they run out, they simply wave their pen and authorize more shares to be printed up. This is especially true in this instance - we know that shareholders have NO SAY in these matters, as evidenced by the last sharebase increase. The sharebase was DOUBLED and the "vote" was ratified by only three officers, with NO shareholder input or vote.

SNSR has been operating that way for a dozen years or more. That's the key here. They've been promising success for a decade or more and have never delivered.

Nothing illegal about operating that way. And yes...it's normal for a NEW company to begin that way. However, we all are aware of the fact that SNSR is NOT a new company. There will be people here who say that's not true.....but we know the following to be true: SNSR is NOT a new company. One has only to peruse the volumes of public documents on pinksheets.com to come to this realization. This company has been doing this for years under different names, and touting different products.

Shareholders owning the stock of such usually wake up to the fact that the company is operating in this manner and sell their position.

But even in light of all these facts, many here don't sell.

Very strange.

[nerd86]

Poke you could well be right. I didn't read the the 10Q carefully. Appearantly they dumped roughly 10M to 12M shares on the market or they sold them to a buyer that is holding them. That part isn't clear. You see mezzanine financing is conducted like this often. If the second option is what happened then it could still be an investor. It's just I have had the feeling someone is remotely pulling the strings for sometime. I am not implying that this is a good thing for stockholders, I just don't know that.