World Surveillance Group Inc (fka WSGI)

[mide]

Yes, because it has gone on this long, since I believe Sept 12, if my memory has not failed me, deductive reasoning has me believing the SEC is looking at something else besides the valuation placed on the Sanswire and Hotzone acquisitions. What that is is unknown, and I don't even want to speculate...waste of energy and would be a pure guess on anyone's part.

The deductive reasoning is simple.

If GTEM had to re-price the valuation model for either or both acquisitons, do it and move on...whatever the SEC wants. Now if we were a company making a profit and had to restate earnings it would be a matter of consequence. As GTEM has never made a dime and if it added to the loss carry forward...BFD...do it and move along.

Since that does not appear to have happened, I can only deduce there is something more. It does not mean it is horrible, it's just something more they are looking at beyond what we were led to believe was it. And, BTW, the company really might have been told by the SEC initially, the valuation issue was it.

But the "among other things" not stated in detail is the overhang currently.

m