World Surveillance Group Inc (fka WSGI)

[coastiretired]

I believe he resigned back in July. It was the last financial form WSGI ever filed with the SEC. It was precluded by 8Ks of everyone else resigning along with announcing the Company's inability to pay the monthly installments on their obligations for settlement agreement debts.

Besides. . .after the Company gave all the GTC accounts and licensing rights back to Phipps and his new company, there wasn't anything left for DeMoulet to "run."

The default towards the payments of their various settlements opened them up for the likes of La Jolla, DeCarlo and others to demand immediate full payment. The Company had already siphoned off any and everything of value leaving nothing but a deflated bag in Indy's closet with which for them to collect. The Company has liens filed on it from everyone from the lawyer that represented them before the SEC to the IRS.

The Company has become an inactive, dead, shell ticker that will be culled and delisted in a little over a year.

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000919742&type=&dateb=&owner=include&count=100