World Surveillance Group Inc (fka WSGI)

[cdrom9000]

Another perspective of what AMEX accused that SEC will dig alot deeper since SEC has muscle to do so.

Among the concerns GlobeTel said AMEX outlined as underlying its noncompliance determination are:

failure to make timely, accurate and complete disclosure of material corporate developments, as well as engaging in a pattern of issuing materially misleading and overly promotional public disclosures

failure to comply with Securities and Exchange Commission reporting obligations by filing incomplete, misleading and/or inaccurate information in public filings

failure to provide information to AMEX

providing materially false and misleading information and statements to AMEX staff, hindering its investigation of the company's compliance with AMEX listing requirements

acting to interfere with the operation of a fair and orderly market by issuing public statements not warranted by GlobeTel affairs, but intended to affect the price of its common stock

association with an individual with a history of regulatory misconduct that rises to the level of a public interest concern

serious internal control weaknesses that rise to a level of a public interest concern

http://twincities.bizjournals.com/southflorida/stories/2006/08/21/daily34.html