World Surveillance Group Inc (fka WSGI)

[WarpCore61]

"According to the Jun '06 10Q, Centerline had expenses of $850,858 to generate that $485,685 of "positive cash flow." This is before taxes and leaves a negative cash flow of $365,173."

Your figures are correct as stated on the last 10Q submitted, but your initial statement is still incorrect, as you stated that "taxes alone on these sales pretty much wipes out any hope of profit."

I simply pointed out that taxes are not paid on sales. Maybe you meant to type expenses in place of taxes. No taxes have been paid by the company to date, as no positive earnings have been made.

I was simply stating that if positive cash flow has been achieved from Centerline since 6/30/06, taxes would not be a factor. Other expenses would be, but current management seems to be cutting those to the bone.