World Surveillance Group Inc (fka WSGI)

[justfrank]

Reading Comprehension is a wonderful, sometimes it just says what we want it to.

GlobeTel's CEO TimothyHuff was in a rush to close the deal by the end of the year "to make (GlobeTel's) shareholders happy," the daily reported. Meanwhile, the Russian businessmen said during the talks that it would take about three months to prepare the contract.

As a result, Internafta failed to meet the deadline for its first payment under the contract, which was scheduled for January 16, as nobody took into account the Russian New Year holidays, which lasted from January 1 to January 9, Tataurov said

Internafta made the first payment but at a later date, Tataurov claimed, vedomsoto reported.

Tataurov and Sergei Zhukov, another Internafta shareholder with a 25% stake, claimed that GlobeTel lost interest in the project after the agreement was signed, Vedomosti reported.

They also said that GlobeTel's managers offered them to buy GlobeTel shares before signing the contract, Vedomosti reported.

Doesn't say

"Huff OFFERED the ruskies shares to play with as long as they'd cooperate with stating there was a joint venture when in reality there wasn't one. Huff allegedly stated "to make investors happy" in referrence to something that didn't even exist yet.