Replies to post #12383 on World Surveillance Group Inc (fka WSGI)

[rocky301]

SEBASS,

Love the fact they aren’t paying cash for any acquisitions, just shares.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 6, 2005--GlobeTel Communications Corp. (AMEX:GTE) today announced that it has acquired the assets of HotZone Wireless, LLC (HotZone). HotZone is an advanced developer of WIMAX and extended range WIFI Systems with operations in the United States and Europe. The acquisition was paid primarily in GTE shares and cash. The agreement calls for certain performances by the sellers to achieve the full consideration.

Also, approx. $350K cash went into CGI...rock

As of December 31, 2003, the Company had remitted $302,300 to ATC and ATC's assignee. The Company remitted an additional $25,000 in February and $25,000 in March 2004 for a total of $352,300 and as of December 31, 2004 as partial payment towards the completion of the transaction.

[msturgeo]

SEBASS

When you wrote - Love the fact they aren’t paying cash for any acquisitions, just shares.


I just have to disagree - giving shares away dilutes MY investment - so now we R/S and all things are equal - then the PPS goes lower - so people who didn't own prior to R/S can get in at a discounted rate - and then they announce stock and cash going out the door?

I cannot GOOGLE anything on Hotzone LLC - I have little to no idea if they even make money.

On a positive note - I do believe this will allow us to establish a terrestrial repeater network similiar to the XM/SIRI designs.

MS

[DeepBlue1]

SEBASS...When it became apparent that GTE(L) was using private companies as suppliers, it occurred to me that there may be a reason for that strategy, and I suggested that it may be planned to buy out several of them. So far this theory has been pretty accurate as evidenced by the last news of HOT ZONE WIRELESS. It wouldn't surprise me to hear eventually that GTE is buying out IOWA THIN FILM and even KESTRAL, but I think that will only happen if Huff and company feel confident that the technologies of each of the possible future buyouts are best of breed(at least as far as their application to the Stratellites). This also leads to the possibility that GTE will become a "Conglomerate" as I speculated a few months ago as well. One other possibility is that each of these distinct business entities could at some future date be spun off to become publicly traded companies in their own right(s). It appears that maybe, just maybe, Huff has a MACRO VISION for GTE that surpasses even most investors concept of the future of GTE. Just a thought!