World Surveillance Group Inc (fka WSGI)

[tradeforyourlife]

Excuse me Nerd. Allow me to tell you:

1) You have absolutely no proof that Centerline has turned into a profitable business. There is NO PROOF of Centerline producing positive Net Income for GTEM.

2) ALL of GTEM has only $22mm in assets by their own admission as of 6/30/06...$10mm of which is comprised of intangibles. Assuming that 90% of the $12mm remaining tangible assets are attributable to Centerline you're saying that GTEM somehow added $10mm in assets to the Centerline division in the past 9 months? That's pretty impressive for a company that has admitted to having problems with 'working capital'.

3) For Sanswire, in a liquidation you have the schematics, any proprietary knowledge, and a non-revenue generating blimp and a concept. That is all. So far it is a radio strapped onto a blimp.

4) What you do have is a company that has lost 4 independent directors and two independent accounting firms in the past 3 months. The uncertainty of whether you are actually getting what you might pay for any of these goldmine divisions because of possible accounting shenanigans and a partridge in a pear tree.

5) Again let's not forget the recently confirmed 'working capital' problem. Right on schedule.

Again, GTEM sure looks like a screaming buy all right. I wonder when the first private equity firm is going to come courting?

http://www.sec.gov/Archives/edgar/data/919742/000114420406033471/v050060_10q.htm