Replies to post #143272 on World Surveillance Group Inc (fka WSGI)

[Jetmek_03052]

Runandadd,

Consider the this statement made by WSGI in the last 10Q;

"Furthermore, even if we do successfully demonstrate our products’ capabilities, potential customers may be more comfortable doing business with a larger, more established, more proven company than us. Moreover, competing products may prevent us from gaining wide market acceptance of our products. Significant revenue from new product investments may not be achieved for a number of years, if at all."

My point is, IJO can express his undying support of the company until the cows come home. For YEARS! The company has given him this leeway.

Meanwhile, the company keeps burning up the shares and new products are developed..... which are designed to capture the imagination of any new investor in the penny world who is looking to strike it rich with a small investment.

And yes. I know. These cautionary statements can usually be found in any 10Q or 10K. Blah, blah, blah.... ;)

[indyjonesohio]

Fair question, great question. I have mapped out a series of eight milestones for WSGI/GTC in a previous post. The first three are roughly:

1. Tactical LTA sales
2. Increased GTC revenues
3. Autonomous LTA revenues

IMO all of these are doable in 2013. It seems more likely they have two bigger threats:

1. Run out of capital (IMO Glenn seems loathe to use LJC too much)
2. Collapse of employee morale (how long can you push it uphill like Sisyphus without getting paid?) When I met with him, Glenn was determined to drive it through IMO. Barbara has been downright chipper in a couple of recent communications. Every time I promise to take something we discuss on this board to Barbara I do. And, wow, she answers emails quickly except when she is on vacation. Just my impressions on those two.

I think either of these are more likely to happen before the end of 2013 if NONE of my first three milestones are met. But I also think (IMO)odds are better than even there will be tactical LTA sales before April 2013. Even 2 out of 3 of my milestones would push up SP IMO and give needed revenue and psychological relief to staff. So I guess my answer is, throughout 2013 at least. Would you accept that as a fair and reasoned answer, Run? Respectfully, IJO