World Surveillance Group Inc (fka WSGI)

[good2be]

here's another scenario: the carrot now being dangled by GTE is not to the banks or Russians but to the GTE longs--- to not abandon the ship despite their abysmal execution.

Folks, the bread crumbs being spread along the path are for US. And (unfortunately and suspiciously) crumbs are ALL that's being spread at present......

First there was the 3/9 Huff cut and paste on Rocky's board, "The Russian transaction is only one of many wireless networks that are either in the final stages of the transaction or at pilot stage or we have a final agreement signed and construction will begin this year."

Next came the 3/13 PR: 'However, we're committed to more than twenty other GlobeTel Wireless network projects requiring our time and attention. Further delays in the closing of the Internafta transaction would only serve to distract our team from these immediate opportunities."

BTW, STREET SKEPTICAL THAT GTE COULD MANAGE THE SIZE OF THE RUSSIAN DEAL ALONE. HOW ABOUT THAT DEAL----AND----20 OTHERS.

Then yest's (private subscr--most of us only learned about today) DJ to dangle the Russian carrot yet again: If GlobeTel has to "default the contract for non-payment," Huff said he hopes to put in place a new contract with Internafta that would better spell out both parties' responsibilities.

Today's PR: March 14, 2006-- (AMEX:GTE) announced today the appointment of Floyd Bradley as Managing Director of its GlobeTel Wireless subsidiary." (the pedigree PR's have lost their effect---we already have world-class businessmen who have yet to execute anything meaningful---as told thus far)

Pretty word pictures just don't cut it any more. Notice the change in DJ Maxwell Murphy too:

3/3: Whether the promises measure up to what GlobeTel actually delivers remains to be seen, but some of the people it calls partners, employees and board members come with enough credibility to merit GlobeTel at least being given the benefit of the doubt - or enough rope to hang itself, for you cynics out there."

vs Yest:"Whether Chief Executive Timothy Huff and his team have grossly overestimated GlobeTel's potential, exaggerated their deals or worse," (ponder the "or worse")........."investors want GlobeTel's WiMax wireless network to take off in Russia and possibly China, Mexico and Germany (just three of the places GlobeTel has touted potential deals)." (notice: touted)...."CEO Huff maintains all of GlobeTel's businesses will see noticeable improvement this quarter, though the end of the March period is less than three weeks away and we have heard little from the company to indicate any big new revenue streams are yet in place (yup---and they don't HAVE to tell us until 5/15 deadline so those crumbs go a long way).......AND MY PERSONAL FAVORITE: "the seeming naivety of GlobeTel's management isn't encouraging."

THE PROF RESUME OF PRESENT MGMT ANYTHING BUT NAIVE----SO EXACTLY WHAT IS THE NATURE OF WHAT'S BEING PLAYED OUT HERE?

JMHO that DJ way off base in this remark from yest: "For them to maximize profits, GlobeTel's shares need to go back to the penny-stock land from whence the former Bulletin Board company
came; for the shorts who now taste blood, all this talk of maybes doesn't cut it either." That's just the climax---much more money to be gained FIRST in these delicious little trading channels, over and over again + courtesy of the bread crumbs, and THEN the final cash out.

For those of you w/ SB on iggy: his 3/11 post# 21653 contained new + relevant info:
(GTE)"ON NAKED SHORT LIST. Good luck.

http://www.nakedshortlist.com/selectbysymbol.html#g

Symbol Security Name Market Days Listed
GTE GlobeTel Communications Corp Amex 48"

we're off of it now---yest a great buying opp.

There's an incredible amt of $$$ being made here, folks--longs just not included.

If there was EVER a time for mgmt to restore SH confidence it's NOW---with facts and figures--and they can start w/ Strat facts--after all, no "military hush" on SanswireII.