Replies to post #11870 on World Surveillance Group Inc (fka WSGI)

[kevinaok]

BaldEagleye - thanks for the reply. To be honest, I am not too concerned, just confused. I am sure there are sound business reasons for it, but I do not understand the reasons. That points to a problem with my understanding and not the companies management. lol

Also, going along with my lack of understanding. If the share price ran to $9.00 a share could they still exercise the "Warrants to purchase" additional shares at $5.09 a share. It loods like a no lose situation for the person buying the shares. I cannot see the advantage in GTE not just selling the shares at the current higher market price to raise funds.

I am long on GTE and I look forward to much more to come. I appreciate that management is executing their plan and am confident with the direction of the company. Again, the problem is with my understanding, not the company.

Good day all longs and new investors
Kevin

[rocky301]

kevin and baldeagle,

I will start by saying this round of financing was excellent. When this deal was transacted we were at 22 cents per share, approx. GTE placed $2.5million on a straight 15% discount to the 5 day average close. NO NOTE and NO CONVERTIBLE...These folks could of paid the market price and had free trading shares, instead they chose the 15% discount with restricted stock that can take up to 90 days to register..Confidence? This is by FAR the best financing yet and many bigger companies would be happy with this type of deal...Does this establish a future with this investor/company? ...IMO, I can see why this deal/package was not passed up...rock