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indyjonesohio

12/15/12 5:42 PM

#142686 RE: Madmonks #142684

Yeah, but my realism would probably scrue the PPS if I were in management! SH's want to hear rosy promises IMO. Clark's PowerPoint inspired me even. Still does. And I really believe they believe it. We need guys like them in American industry IMO. VC flows to the visionaries. In privately-owned companies we don't have 20,000 mostly uninformed bosses asking where the money is. We actually laugh at each other about missed timelines. Remember, Tony is DHS and not DoD--two different animals. He will learn IMO, but give him some time--Glenn too IMO. You ask too much of Anita--I think things are moving too fast for Directors to speak into the day-to-day IMO. But I am gratified you see my realism.

Thanks for asking about the buzz. Unfortunately it was not from a procurement officer. That would have been material and I would have said nothing. It was from other industry folks--some in Ohio and some out east. I feel Ok saying because it is typical rumor--in the past month I have heard about initial orders of 2 BiB's, 3 BiB's and 10 BiB's wanted by the Army--not in that order, not from the same person and all with contradictory stories. For intel purposes I note it because something other than the WSGI web site, my enthusiasm or this board (LOL!) engendered those speculations. The BiB is "out there" and its idea is respected by industry folks and they see a path to procurement. I still give it 50-50 by April 2013 personally. If it has the quality of tech of the Argus, it has potential in DoD, DHS and foreign sales IMO. And why wouldn't it? I am trying to get an Easton visit worked in January--should have gone to AUVSI and peeked in the box! LOL. Good times--realistically. Warm regards, IndyJonesOhio
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WarpCore61

12/15/12 8:23 PM

#142693 RE: Madmonks #142684

Madmonks,that's exactly why I decided to move out of Globalstar. It had nothing to do with their survivability. I believe they will succeed at with their plans. I'm just not willing to wait 7 or 8 years to enjoy the results, as I have done with WSGI. I'll continue to follow their story with interest as they are tied to GTC's success.

Since moving out of GSAT at break-even and investing that money elsewhere, the value of that money has grown 30.7% over the last week. I see far more potential with the new investment than I do with GSAT.

If WSGI gets contracts and we see a substantial increase in share price, I might slowly reduce my position here as well. "Might" being the key word, reducing holdings 20 or 30% and keeping the rest for the reaching the stratosphere (my original goal), or the buyout, whichever comes first. Break-even price here is 3.5 cents over the entire investment, so it might be smart to take the initial amount off the table at some point after contracts, and move it elsewhere. Hopefully contracts will get this share price moving and allow all of us to achieve some of our goals from our investment here.