When it could have all been over with no catalysts at hand, the run for World Surveillance Group Inc.(OTC:WSGI) actually gains momentum. No more news, no more promotions and yet steady gains.Â
It is a fact – there has been a set of catalysts this week, so there is no surprise that the last few days made for an increase of more than 200% in the stock price. An interesting question that comes to mind is, what will next week offer to shareholders? Because, it is not only the sound increase in the stock price for such a short period that should be taken into consideration. What is more, this stock has not seen such price levels for years. Of course, whether it can keep the pace of increase is another matter entirely.
Now, perhaps the most important catalyst for the stock frenzy that came out this week is the Due Diligence and Valuation Report performed by Arrowhead Business and Investment Decisions. It includes a lot of information about WSGI and should be a main factor in gaining investor confidence. The reality at hand, however, is a bit peculiar. For example, if a person is to question not the credibility of the data included in the report, but the company preparing it, he or she might have great difficulties simply finding out who actually runs Arrowhead. No names on their website, no names in the report. Which, in terms, in a strange way sums up the situation with WSGI. [BANNER]
Great news released, positive statements in promotions, yet the level of uncertainty still prevails. Especially, when some past facts associated with the company come into place, one being the recently issued Summary Judgement connected to GlobeTel Communications Corp, later known as Sanswire Corp and presently as World Surveillance Group Inc. This, among other things, is by no means an indicator that WSGI would never become the company its shareholders hope for, but it could be a red blinking light for many investors considering it as an investment opportunity.