World Surveillance Group Inc (fka WSGI)

[Scion_of_Greed]

Risk...let's simply take the SEC investigation @ face value.

Valuations. If in fact they overstated valuations, it's fraud. To deliberately place a value of an asset on your books in excess of its current value (under GAAP rules) is illegal.

Why would they do this? Perhaps to beef up what we already know is a pathetically weak balance sheet? To some how draw unsophisticated investors attention away from the ever expanding negative cashflow???

Make no mistake...they're in real trouble (well beyond their deep rooted & weak present financial state).