Replies to post #145633 on World Surveillance Group Inc (fka WSGI)

[indyjonesohio]

Pagan, what is with the personal bias? I ask you, what in these posts do you think I would NOT agree with? When have I recently predicted rising stock price? The company has much more substance now than it did eight months ago IMO. Yet stock price is lower.

IMO the company does not need performance to achieve rising stock price but what I have called "substantial" performance.

So what have I "glossed over" in your words? In a recent post I suggested all that I see for them short term is hard work. What is that glossing over?

So let me make it clear, I am positive about the company. I am agnostic about the stock price. Please do not accuse me of being positive about the stock price. I know too little about markets to be positive about the stock price. I don't personally care about the stock price except as to how it would cause the company to cease operations. My personal reward is a working, functioning company contributing useful products to a market.

I am positive about the company not because they have made it but because at least now there is a visible path where they COULD make it. So this doesn't turn into a rant, what specifically have I glossed over in your words? I would be eager to correct any inaccuracies in my recent representations of the company. Sincerely, IndyJonesOhio

[runandadd]

Cheers.

[Madmonks]

I have the utmost respect for Indy and his contributions to this board. I don't think he's tried to gloss over anything. IMO he's been the most realistic and sensible poster on this board. Plus, he's the one by far with the most useful information.

However, Pagan, I do share some of your sentiments about where the blame lies and how we need to stop making excuses for management. I've made it clear how much I detest it when management says they're going to do something and then either doesn't do it or doesn't do it in a timely manner. If they don't have the money or resources to do it, they shouldn't say they're going to do it. Simple, end of story -- no excuses.

The stock price is going nowhere as long as the company continues to report weak revenue. I would agree with Bearslayer that first quarter revenue will improve, but that's not saying much. The numbers will still be poor. Dilution is killing the share price, but given the revenue, does anyone really think this company is worth more than its market cap of $15 million? A lot of people probably don't think its even worth that much. Only a significant increase in revenue will increase the share price. Potential doesn't mean much anymore to investors. They want real numbers to hang their hats on.

The damage from dilution is overwhelmingly evident, though. That's why I've decided to vote my shares against the 250,000,000 increase in authorized shares. I'm not worried about them not getting enough votes to pass the measure. I'm sure it will pass easily. But ideally, I wish it passed only with a slight majority. If that happened, it would send management a strong message that shareholders are fed up with them constantly increasing and diluting shares. Maybe then they would finally rethink about doing business as usual.