Replies to post #150364 on World Surveillance Group Inc (fka WSGI)

[just john]

Insighter-----You are absolutely speaking for most of us, I believe. Really disconcerting not seeing American cos.,getting chosen.............Ticked off,,,jh,

[runandadd]

It's never been an issue of the technology. It's the company. No one should be surprised.

[lrt65]

Well, you maybe right, but I would bet that most of the "system" that is heading to the boarders are "surplus" DoD equipment. Aero stats from the "wars" are already being used in surveillance on the boarder. Most state and local governments rely on surplus equipment. Good for WSGI to get them out of the way so DoD can buy the latest greatest widgets (WASP).

Just my opinion

[Acumen]

Insighter...I must commend you for raising the type of questions that nobody here likes to discuss!!!


"We need a CEO who defends shareholder value (shareprice) and is able to close deals of substance and has the credibility to garner strong and beneficial financing"

Agreed. The current CEO's performance in relation to all three of these would have cost him his job at any normal public corporation. You can throw in the Board of Directors too for not doing anything to make a meaningful change and protect all stakeholders.

The downside to all of this is the FACT that WSGI is insolvent with no shareholder equity so there really is nothing to fight for other than shareholder justice. The other reality; what qualified candidate would willingly take the job of heading up an insolvent, debt ridden, lien encumbered company with no technical staff or cred on the street?

Again, if you don't believe me look at the PPS.