Replies to post #134981 on World Surveillance Group Inc (fka WSGI)

[be_real]

mide, with respects,

nevertheless, it's a bit disappointing and even alarming that he's reducing his share holdings at this time, when the company seems to possibly be on the verge of much better times ahead.

JMHO

[JackedOnCaffeine]

Thanks. If he has decided to move on, I guess he has his reasons, and I wish him the best.

Hopefully he found a way to reduce his share position through private placements instead of selling into the market, unlike what Hudson and Brio seem to be doing.

I would guess his holdings in WSGI were a drop in the bucket in comparison to his overall wealth and holdings in other companies. How many extremely wealthy people hold shares in a penny stock company? This could simply be a move to eliminate this position as part of overall portfolio restructuring and have nothing to do with what we've speculated here as to his motives.

The company has lacked the resources to purchase D&O insurance, but with the new funding and the announced goal of adding more directors in 2012, that's likely one obstacle to be removed and garner more interest in becoming a director.