World Surveillance Group Inc (fka WSGI)

[yerevan]

Page 36 of 10K

http://www.secinfo.com/d12TC3.vCu4.htm#10nn


The company anticipates increased cash flows from 2006 sales activities;
however, additional cash will still be needed to support operations. Management
believes it can raise capital from various funding sources, which when added to
budgeted sales and current working capital, will be sufficient to sustain
operations at its current level through January 1, 2007. However, if budgeted
sales levels are not achieved and / or if significant unanticipated expenditures
occur, or if we are unable to obtain the necessary funding, the company may have
to modify its business plan, reduce or discontinue some of its operations or
seek a buyer for all or part of its assets to continue as a going concern
through 2006.

Or did you want to know how much management compensated itself in 2005?

In view of the litigation, SEC and AMEX investigation(s), the public disclosure of GTEM's association with "shady" characters and accounting irregularities, I take issue that GTEM's ability to raise cash will be a cakewalk.