World Surveillance Group Inc (fka WSGI)

[cygnus_1]

This is for all the penny dreamers out there
Thanks Coastie!!!!

New Federal Tax lien filed today for $182,409.16 of unpaid 941 taxes. It looks like they have assigned some personal liability for the unpaid withholding taxes as Leinwand is now listed as a lienor alongside the company.

JONATHAN D LEINWARD P A
SANSWIRE CORP
ALTER EGO OF GLOBETEL COMMUNICATI CORP

There is also a new 10K/A filed today that details the change in officers and the failure to timely file insider transactions by certain officers:

Mr. Seifert failed to timely file one Form 4 disclosing three transactions including the acquisition of a stock option to acquire 2,000,000 shares of common stock on December 30, 2009, the acquisition of 1,000,000 shares of common stock on December 30, 2009 and the sale of 60,000 shares of common stock on December 31, 2009. Mr. Seifert filed a Form 4 on April 2, 2010 disclosing the above transactions.


General Jackson failed to timely file one Form 3 disclosing one transaction and one Form 4 disclosing two transactions including the acquisition of 250,000 shares of common stock on May 1, 2009, the acquisition of 500,000 shares of common stock on December 30, 2009 and the acquisition of stock options to acquire 250,000 shares of common stock on December 30, 2009. General Jackson filed a Form 5 on May 18, 2010 disclosing the above transactions.


Mr Leinwand failed to timely file one Form 3 disclosing two transactions and two Form 4’s disclosing three transactions including the acquisition of 50,978 Series E Preferred Shares on May 5, 2009, the acquisition of stock options to acquire 5,555,555 shares of common stock on May 6, 2009, the acquisition of 8,000,000 shares of common stock on May 29, 2009, the acquisition of 1,000,000 shares of common stock on December 29, 2009 and the acquisition of a stock option to acquire 2,000,000 shares of common stock on December 30, 2009. Mr. Leinwand filed a Form 5/A on May 25, 2010 disclosing the above transactions.