World Surveillance Group Inc (fka WSGI)

[yerevan]

I would be much more suspicious of management, especially GTEM's, given their track record.

Huff should have been booted out, not given another position in the Company. Same goes for Dumas.

There are still many loose ends that they are not forthcoming with.

I am very uneasy with Kostro and his relationship with Caterham and GTEM's 'dependence' on Caterham.

It is my hunch that the stratellite project will be scrapped: How unique is GTEM without that?

Do we have any proof that both Kostro and Khoury are experts in turning basket case companies around? That would help.

On the other hand we don't really know what the true 'finances' of GTEM are. Nothing that this company has stated has been believable. If financials are to be restated (I believe they will) as there are charges AMEX has made in this regard.

So brace yourself for more dirty laundry to come out of GTEM. It will come out not because of the new management's say so but because they will be forced to.