World Surveillance Group Inc (fka WSGI)

[owlnight]

thanx bill......it just gets a little annoying when others who are supposed to be invested in this stock don't seem to have a clue as to whats going on......there was a huge piece of news in the 10K.....and no one has brought it up......and i'm not going to do it.....time some others stepped up to the plate...anyway lets take that ins letter that joe posted......first it was good news......one it clearly shows what a liar joe is.....he said the BOD left cuz there wasn't any ins.....the letter clearly says they were covered until may 17 2007.....next up its start right off saying back in dec coverage was denied under both policies.....now they will cover it....plus we now know that any fines will also be covered.....the only thing in question is what about lawsuits from the centerline thing......well none to worry cuz its either gonna be covered under the 2004 policy or the one they currently have.....tho i get the feeling there won't be any lawsuits over that.....its getting a little late...so the only thing left is the sec fines.....since GTEM is pretty much cooperating with the SEC there will be NO defense.....GTEM will just take its lumps which will be paid by the ins company.....iow that is all over as long as GTEM gets the reports out......then its just a question of if its over 2 mil.....GTEM will be out anything over that.....but i don't see it being over that given what i have seen others fined....but what did everyone have a big yabba do about....GTEM supposedly lying to the ins company....first of all a phone conversation boils done to nothing....just cuz some putz at the ins says jon said that doesn't mean jon said that.....also it amazed me that no one seemed to understand how this all started.....the SEC was NOT investigating GTEM....ITS WAS INVESTIGATING sybille yakan....the former PR person.....apparently sybille was a yakan about the russian deal before it was out....we all thought that there was some weird trading going on and so did the SEC it turns out......what the sec wanted to know from GTEM is who know what and when so they could see if people were trading on inside info leaked by S....if u notice in the letter NO WHERE does it ever say GTEM is being investigated.....they just try to imply that cuz the SEC is asking GTEM about an investigation....if u are the witness to a crime....u will be apart of the investigation.....but u are NOT the one being investigated....so yes GTEM answered truthfully....the ironic thing about this whole thing....is it appears that the SEC decided to dig into GTEM after it looked into S.....iow just like the whole hedge fund thing coming down cuz some girl couldn't keep her mouth shut....looks to be the same with GTEM.LOL