Replies to post #131743 on World Surveillance Group Inc (fka WSGI)

[BDay43]

Mide -
At the shareholder meeting, the question was asked GE as to when a marketing plan would be created and where would the money come from to create the plan. At that time, he implied that the plan would be developed once the ARGUS was "certified" in September and that there were a couple firms being considered for this task.

My thought then and continues to be that waiting for the certification to take place and then put together a plan seemed to only delay the information longer to get out to those that would be interested in getting involved in the techonolgy.

September has come and gone and we are not certified for free flights. Although there is a potential customer that wants us to demonstate specific tests in October for them, we still are awaiting certification, which ultimately means that no plan has been created as best we can see. Also, I don't think that the source of funding for the marketing plan was ever addressed

What are your thoughts on the timing of creating the grand marketing plan that will provide WSGI an introduction to the world? Also, do you recall the method of paying for the plan?

BDay

[Madmonks]

I agree, mide. They can't really move forward on anything until they receive DOD certification and that flight data package. All their plans are contingent on positive flight test results from Yuma. So basically, at this point, they are paralyzed. All they can do is wait by the bat phone, twiddle their thumbs and hope Yuma officials call.

We all should be used of this by now -- hurry up and wait, and wait and wait, and wait...

Just as a side note: I'm sick and tired of companies (including this one) of giving overly optimistic timetables. Boeing finally this week delivered their first 787 to Japan -- THREE YEARS LATE!!! Give me a break. Too many companies are abusing the forward-looking statements legal garbage found in most SEC documents. Does anyone realistically think that WSGI will have a working Stratellite by 2013? Someone's got to start cracking down on the absurdity spewing from the mouths of today's corporate executives.

[Gotcha Sucka]

You bring up an interesting point about the number of spotlights on this company right now.

Knowing all this scrutiny is focused upon the company, how do new directors come into this company, knowing its history, knowing who's watching it, and knowing that the company has NO directors & officers insurance? No D&O. Having a D&O policy in place is always a condition for any director candidate worth his/her salt to accept a director's position within a public company.

How does a new WSGI director come into this environment? What kind of intelligence or savvy must this person have to knowingly enter a high-liability position? In turn, how can a shareholder trust a director to set policy that influences their investment when there's not even a concern on the director's part about covering the basics?