Replies to post #142664 on World Surveillance Group Inc (fka WSGI)

[WarpCore61]

Well, if Globalstar doesn't secure additional financing, there won't be any February launch of their next 6 birds. Everyone is holding their breath waiting to see if the French will bite the bullet once again.

And mide, it's my understanding that the recent software "fix" wasn't for their older generation, but to fix a new problem with momentum wheels on their new generation of satellites. They got a bad batch from the manufacturer and the problem manifested itself on several of the new batch, but the software fix seems to have resolved the issue.

I decided to move completely out of my GSAT position because of the uncertainty with funding going forward, their extreme debt load, and a possible reverse split on the horizon in order to remain listed on NASDAQ following their delisting notice and rapidly expiring extension. I'll continue to watch and hope they do well, as their success helps our company, just not as a shareholder.

I'm wondering if the words in the 10-Q about anticipating aerostat revenues in 2012 will still ring true.

[mide]

Lol. Yes..same detailed explanation I have received.

However, all this exchange between Rattle's in depth DD into factoids, yours Monks and Indy's discussion have lead me to agreeing with you.

It appears that from what Rattle uncovered, of all the original appliques we acquired, which each had 10,000 free ESN's or ECN's on each one of them, all bit 2k and change are left after apparently Phipps has used up the rest.

So essentially, until new groundstation platforms are built, onto which the old appliques acquired are moved, then no new available free ECN's exist for WSGI.

I say move the old appliques as I don't see any other reason to call them a purchase asset unless they have the potential to be moved to generate more free ECNs.

Thus, the new ground station (s) is THE key catalyst for profitable GTC revenues and the lack of their execution closure thus far explains it all.

Indy is correct in pointing to periperal sales of gadgets as an area in which contract sales entities could be perhaps better employed.

I think where Mike's vision came in is he expected closures of ground stations in 2011 coupled with the sales of sky towers in 2012 (Argus) would exponentially raise the ramp up of revenue stream.

Thus, I think all our acquired applique assets are "dormant" revenue providers until placed on new grpund stations.

jmo

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