World Surveillance Group Inc (fka WSGI)

[nilremerlin]

The lawsuit doesn't have a leg to stand on:
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"24. On April 11, 2006, Seth Jayson, writing for The Motley Fool, published the latest in a series of articles on GTE, detailing the numerous failures by GTE to commence the vast majority of its touted business ventures including its latest Russian deal.
25. In particular, it was revealed that the Moscow-based Internafta – which roughly
translates to “international oil” – does not exist. Indeed, there is no record of any company by
that name in the Moscow area, let alone a company capable of undertaking and financing a $600
million telecommunications deal. As for Maxim Chernizov, who was described by GTE as a
“Founding Principal” and “Director General” of Internafta, little is known other than GTE’s
statement that he made fortunes in “rare earth minerals.” In all, it was revealed that the Russian
10
deal was a hoax, entered into with a fictional partner, and for the sole purpose of artificially
inflating the Company’s stock price.
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Nowhere in the April 11th MF article does it state the above bolded claim:

http://www.fool.com/news/commentary/2006/commentary06041106.htm?source=eptyholnk303100&logvisit=...

I shall point this out to Sarraf and Gentile tomorrow when I visit them, and ask for proof of their claims!

nilremerlin