Replies to post #123296 on World Surveillance Group Inc (fka WSGI)

[mide]

WW...The company has a constant problem raising money...yet amazingly has.

There are only two ways it has been accomplished to date, that I know about.

An occasional GTC thing. (I think that's all done). And it's kinda tied into the next line.

And ongoing private funding that has not closed since early 2008, and thus the shares done so are not registered...comes in on hope and faith in dribs and drabs, drummed up by a major fund raiser and buyer.

That's it...sport fan.

JMO...but you know of more? Pour it on.

Despite this, a de-listing is still a very real possibility given they go to trial. How can you say that is not possible?

m

[Gotcha Sucka]

Delisting is quite possible, but actually what you're all really talking about is suspension of trading. And guess what, that's also quite possible.

There seems to be a deadline looming here, after which time a settlement would not be possible. The company has not settled yet, the company has not revoked the preferred shares, the company is still in bed (legally) with Montegrosso and his little Vargasito. The company has not amply demonstrated IMO that it has moved away from the practices and corporate culture that got it into trouble in the first place.

Simply put, suspension of trading means we're all out of luck. The company's assets could be picked up by another company, and guess what else.. without the revocation of the preferred shares, guess who WILL get paid if that happens- the preferred shareholders. Hmmm, who are they again?

I see exactly what Mide is saying and I completely understand why he thinks this is critical. Because it is.

But you should keep accumulating.