World Surveillance Group Inc (fka WSGI)

[owlnight]

actually it just has to do with centerline....the asset thing seems to be an honest mistake....remember auditors did sign off on that......centerline is totally dif......they padded the #'s.....there is NO way for the auditors to know if u give them bogus info.....its NOT their job to police the company....thats the companies job.....tho this does seem a bit obvious that the auditors probably should have looked into it a little better.....but when it comes to where the buck stops....well thats tim's door......not saying tim should catch the errors.....but it is his job to make sure that someone is looking over the stuff and to make sure that people like joe are NOT in the company breaking the law.....but there are 2 parts....one is the centerline stuff....and remember they did sell shares during the time they reported the bogus #'s(which it appears was NOT an accident).....the other is the fact they are way behind on reporting....the SEC will NOT let any company go forever without reporting....at some point they do have to draw the line.....the centerline stuff is NOT going to get the shares delisted....just fined.....not reporting well that will get them delisted......but its quite clear now that they will report.....its just a matter of time....as long as this doesn't drag on for over 6 months i would assume the sec will drop it.