Replies to post #142186 on World Surveillance Group Inc (fka WSGI)

[WarpCore61]

flybyday, thanks for your perspective on the fundings. I didn't mean to imply the funding price didn't change, but that wasn't my experience or that of anyone I assisted in funding. Hope I wasn't required to have FINRA registration. LOL

Perhaps there were better terms for larger investment amounts, or maybe they were so desperate for funds they employed car salesman tactics. Doesn't really matter at this point. As it turns out the company's choice of Basis wasn't an improvement. I just find it amusing that at the time some were dismissing the efforts of HW and praising Basis as a reputable firm going forward to handle the fundings in a professional manner. With today's news about Basis, I can't help but laugh. What a joke. LOL Very glad my holdings are with a "reputable" firm.

Not happy with La Jolla funding here either, and even Estrella stated as much at the last SHM, but it's kept the company alive. As you said, whoever was selling the tens of millions of shares allowed some investors to pick up shares at levels we never thought we'd see. Well, except for that Uncle Steve guy, who has predicted 0.0001 for years. Glad it didn't get that low.

The majority of my shares were purchased under current management as well. I added a ton of shares at 1 cent. That tends to bring your average cost way down, as I'm sure you saw yourself.

[Renaissance]

Warp and Fly, IMO, you are both right and the truth is never black and white.

I never heard the rumor that HW was on a bad guy list. However, wasn't HW, or one of his companies, the subject of an SEC investigation back in the day? I could be wrong. I did hear the rumor that the issue with the SEC settlement was more related to personal issues of an indivudal in the SEC, i.e. a personal vendeta. IMO, HW was wraped up in that by association and it was just another reason for the company to push him away.

It is not my area of expertise, but I believe that it is okay for a company to promote and sell its own private placement to qualified investors. If a company uses a consultant or brokerage (and gives compensation for the services), then that person/entity needs to have the proper registrations with FINRA. Thus, it makes sense that MC and GE pushed HW away as a consultant and, according to Warp's post, MC may have offered to put HW on salary after the SEC settlement.